Creditor Indebtedness definition

Creditor Indebtedness means the indebtedness of Clarus to Creditor evidenced by the Subordinated Promissory Note, together with any and all renewals, extensions, modifications, and replacements thereof, and all other indebtedness of Clarus to Creditor arising from or related thereto.

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Creditor Indebtedness means the indebtedness of BDI to Creditor evidenced by the Subordinated Promissory Notes, together with any and all renewals, extensions, modifications, and replacements thereof, and all other indebtedness of BDI to Creditor arising from or related thereto.

Creditor Indebtedness means the $2,500,000.00 debt owed to Creditor by Borrower evidenced by a Note of even date herewith, including any amendments, extensions and modifications thereto, together with all other indebtedness of Borrower to Creditor (including, without limitation, all debts, claims, indebtedness and all interest thereon) heretofore, now and/or from time to time hereafter owing, due or payable, however evidenced or incurred;

Examples of Creditor Indebtedness in a sentence

There is no breach or default with respect to the Other Creditor Indebtedness, and the Other Creditor Indebtedness has been incurred in accordance with the terms of this Agreement.
There is no breach or default by or attributable to a Covered Person of any obligation set forth in any Intercreditor Agreement or any Other Creditor Indebtedness Document.
The occurrence of (a) any breach, default or event of default with respect to any of the Other Creditor Indebtedness in excess of $250,000 in the aggregate which is not cured or waived within any applicable grace period or any acceleration thereof or right to accelerate, or (b) the termination of any Intercreditor Agreement by any party thereto, other than Administrative Agent, prior to the payment in full of all of the Other Creditor Indebtedness covered thereby.
Creditor represents and warrants to Lender that the Creditor Indebtedness is not secured by any collateral, security interest or lien and Creditor covenants and agrees that the Creditor Indebtedness shall remain unsecured so long as any amount is outstanding and unpaid on the Lender Indebtedness.
The Other Creditor Indebtedness Documents shall be executed and in form and substance satisfactory to Administrative Agent and the Required Lenders, and each Intercreditor Agreement shall be in form and substance satisfactory to Administrative Agent and the Required Lenders and shall have been executed and shall remain in effect.
Make any nonscheduled prepayment of principal or interest on any Other Creditor Indebtedness unless both immediately before and after giving effect to any such prepayment, there shall be no Default or Event of Default and no Default or Event of Default is reasonably likely to have occurred as a result of making such payment.
The occurrence of (a) any breach, default or event of default with respect to any of the Other Creditor Indebtedness in excess of $500,000 in the aggregate which is not cured or waived within any applicable grace period, or (b) the termination of any intercreditor agreement by any party thereto, other than Administrative Agent, prior to the payment in full of all of the Other Creditor Indebtedness covered thereby.
The Other Creditor Indebtedness if an Intercreditor Agreement remains in effect with respect thereto.
The right of Creditor to receive payment, whether of principal or interest, on the Creditor Indebtedness is subordinated to the right of Lender to receive payment on the Lender Indebtedness.
There is no breach or default with respect to the Other Creditor Indebtedness, which has continued beyond any cure periods set forth in the applicable underlying agreements and the Other Creditor Indebtedness has been incurred in accordance with this Agreement.

More Definitions of Creditor Indebtedness

Creditor Indebtedness shall have the meaning set forth in Section 3.1(a) of this Agreement.

Creditor Indebtedness means the indebtedness of Debtor that, at any time and from time to time following the execution of the Creditor Agreements, may be owed by Debtor to Creditor pursuant to and/or evidenced by the Creditor Agreements, not to exceed an aggregate principal amount of $3,000,000 plus interest.

Creditor Indebtedness means with respect to any Creditor, without duplication: (a) the principal of and premium (if any) in respect of indebtedness to any such Creditor for borrowed money; (b) the principal of and premium (if any) in respect of obligations to such Creditor evidenced by bonds, debentures, notes or other similar instruments; (c) all obligations to such Creditor issued or assumed as a deferred payment of service, including without limitation any management fees; (d) all obligations for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar transaction; (e) all obligations under any foreign exchange contract, currency swap agreement, foreign currency futures or options, exchange rate insurance or other similar agreement or combination thereof designed to protect the Company against fluctuations in currency value; (f) guarantees in respect of Creditor Indebtedness referred to in clauses (a) through (e) above and clause (g) below; and (g) any amendment, supplement, modification, deferral, renewal, extension, refunding or refinancing or any Liability of the types referred to in clauses (a) through (f) above.