Debenture Indebtedness definition

Debenture Indebtedness means all present and future Obligations of the Issuer and the Guarantors under or in respect of the Debenture Documents.
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Debenture Indebtedness has the meaning ascribed thereto in Section 5.3(a)(i);
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Debenture Indebtedness means Indebtedness of Parent (which is guaranteed by certain other Borrowers) evidenced by the debentures issued pursuant to the Debenture Purchase Agreements, as described in Item 9 of the Addendum.
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Examples of Debenture Indebtedness in a sentence

  • The Issuer and the Guarantors agree, and each Holder by accepting a Debenture agrees, that the Debenture Indebtedness is subordinate in right of payment, to the extent and in the manner provided in this Article 7, to the prior payment in full of the Senior Indebtedness.

  • Each Holder of Debentures by its acceptance thereof authorizes and directs the Debenture Trustees on its behalf to take such action as may be necessary or appropriate to acknowledge and effectuate the subordination of the Debenture Indebtedness as provided for in this Article 7 and appoints the Debenture Trustees as attorneys-in-fact for any and all such purposes.

  • Nothing in this Article 7 shall limit the right of the Debenture Trustees or the Holders to take any action to accelerate the maturity of the Debenture Indebtedness or to pursue any rights or remedies pursuant to the terms hereof or under applicable law, subject to the rights under this Article 7 of the holders of Senior Indebtedness to receive the cash, property or securities collected upon the exercise of such rights or remedies in priority to the payment of any Debenture Indebtedness.

  • The Debenture Indebtedness is subordinate in right of payment, to the extent and in the manner provided in Article 7 of the Indenture, to the prior payment in full of the Senior Indebtedness.

  • If payment of the Debenture Indebtedness is accelerated or demanded, the Issuer shall promptly notify the holders of Senior Indebtedness of such acceleration or demand.

  • The Issuer shall promptly notify the Debenture Trustees of any facts known to the Issuer that would cause any payment or distribution of any amounts with respect to the Debenture Indebtedness to violate this Article 7, but failure to give such notice shall not affect the subordination of the Debenture Indebtedness to the Senior Indebtedness as provided in this Article 7.

  • Subject to section 8.1, the Debenture Indebtedness will be due and payable in full on the Maturity Date.

  • To secure the due payment of all obligations and the performance by the Corporation of its obligations contained in this Indenture, any Supplemental Indenture or the Debenture Certificates, including without limitation the Debenture Indebtedness, the Corporation shall cause each Material Subsidiary to execute and deliver a Guarantee to the Trustee, for the benefit of the Debentureholders.

  • Contract balances (i) Contract assets A contract asset is the right to consideration in exchange for the right of ownership of the investment property transferred to the customer.

  • At the Closing, Sellers shall deliver to Buyer written statements from Chase and the holders of the Subordinated Debentures (or their representatives) stating the amount due, as of the Closing Date, for the Bank Indebtedness Payment and the Debenture Indebtedness Payment, respectively.


More Definitions of Debenture Indebtedness

Debenture Indebtedness means, from time to time, all indebtedness, liabilities and obligations, present or future, direct or indirect, of the Company to the Debenture holders or the Trustee on behalf of the Debenture holders, as the case may be, under the Debentures, including principal, interest, fees, expenses and other amounts owing under the Debentures;
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Debenture Indebtedness means the Principal Amount, interest thereon, and any and all other amounts payable by the Corporation to the Holderhereunder;
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Debenture Indebtedness means the payment of the Debentures in principal and interest (including interest on all amounts in default) and premiums, if any, on the Debentures, payment of the PIK Debentures (and/or payments in connection therewith), as well as payment of all the sums, if any, from time to time owing under the Trust Indenture or this Deed to the Debentureholders or the Trustee;
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Debenture Indebtedness means all present and future debts, liabilities and obligations of the Company to the holders of Debentures under and in connection with the Debenture Indenture and the Debentures, including all principal money owing on the Debentures, the premium, if any, interest (including interest on overdue principal, premium, if any and interest) and all fees paid and other money from time to time owing pursuant to the terms of the Debenture Indenture;
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Debenture Indebtedness means all present and future debts, liabilities and obligations of the Corporation or a Corporation Subsidiary, as applicable to the Debentureholders under and in connection with this Indenture, any Supplemental Indenture, the Debenture Certificates and the Guarantees, including all principal money owing on the Debentures, the Premium, if any, interest (including interest on overdue principal, the Premium, if any, and interest) and all fees paid and other money from time to time owing pursuant to the terms of this Indenture, the Debenture Certificates and the Guarantees.
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Related to Debenture Indebtedness

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Senior Secured Indebtedness means, with respect to any Person as of any date of determination, any Specified Indebtedness; provided that such Indebtedness is in each case secured by a Lien on the assets of the Issuer or its Restricted Subsidiaries on a basis pari passu with or senior to the security in favor of the Notes.

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Final Indebtedness has the meaning set forth in Section 3.2(b).

  • Permitted Convertible Indebtedness means any unsecured Indebtedness issued under the Convertible Senior Notes, and any refinancings or replacements thereof that is unsecured Indebtedness issued by the Borrower and/or guaranteed by a Loan Party; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing or replacement except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and (ii) any Indebtedness in connection with a refinancing or a replacement thereof shall (A) not mature or require any payment of principal thereof prior to the date that is 91 days past the Maturity Date and (B) have covenants that are not more restrictive (taken as a whole) than those set forth herein; provided, further, that the conversion of Permitted Convertible Indebtedness, including any requirement or decision to pay cash upon any conversion of Permitted Convertible Indebtedness in lieu of all or any portion of the Equity Interests of the Borrower due upon conversion of such Permitted Convertible Indebtedness, and the requirement of the Borrower to repurchase Permitted Convertible Indebtedness prior to its stated maturity date upon a fixed date or upon the occurrence of a fundamental change (which would include customary change of control provisions or a termination of trading of the Borrower’s common stock on the exchange on which it is then listed), shall not constitute a maturity or the requirement of any payment of principal of such Permitted Convertible Indebtedness prior to the date that is 91 days past the Maturity Date hereunder for purposes of this definition.

  • Total Secured Indebtedness means (a) all Secured Indebtedness of the Consolidated Group determined on a consolidated basis plus (b) the Consolidated Group Pro Rata Share of Secured Indebtedness attributable to interests in Unconsolidated Affiliates.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Designated Indebtedness has the meaning assigned to such term in the Guarantee and Security Agreement.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.