Debt for Money Borrowed means, with respect to any Person at any date and without duplication, the sum of the following calculated in accordance with GAAP: (a) all liabilities, obligations and indebtedness for borrowed money including, but not limited to, obligations evidenced by bonds, debentures, notes or other similar instruments of the Borrower, (b) all obligations of such Person as lessee under Capital Leases, and (c) all obligations, contingent or otherwise, of any such Person relative to the face amount of letters of credit, whether or not drawn, and banker's acceptances issued for the account of such Person.

Debt for Money Borrowed of any Person means at any date, without duplication, Debt of the type referred to in clauses (i) and (ii) of the definition of "Debt" set forth herein.

Debt for Money Borrowed means, with respect to the Company and its Restricted Subsidiaries at any date and without duplication, the sum of the following calculated in accordance with GAAP: (a) all liabilities, obligations and indebtedness for borrowed money, including, but not limited to, obligations evidenced by bonds, debentures, notes or other similar instruments of any Person, (b) all obligations of any Person as lessee under Capital Leases, (c) all Contingent Obligations of any such Person with respect to Debt for Money Borrowed, and (d) all obligations, contingent or otherwise, of any such Person relative to the face amount of letters of credit, whether or not drawn, and banker's acceptances issued for the account of any such Person.

Examples of Debt for Money Borrowed in a sentence

There shall occur any default or event of default on the part of Borrower or Guarantor under any agreement, document or instrument, which is entered into after the Effective Date and which relates to any Debt for Money Borrowed, if, as a consequence of such default or event of default, the holder of such Debt shall be authorized to accelerate the maturity or demand payment thereof.
Borrower (i) shall default under any agreement ------------ with any creditor other than Lender for Debt for Money Borrowed in excess of $100,000 which entitles said creditor to accelerate the maturity thereof or (ii) shall default with respect to any Debt (other than Debt for Money Borrowed) in excess of $250,000 which entitles the obligee to demand payment of the Debt, and any such default shall continue beyond any applicable grace or cure period.
Permitted Fixed Asset Loan - after the satisfaction of the Partial Release Conditions, Debt for Money Borrowed incurred by Borrower to a Person other than Agent and Lenders that is secured by a Permitted Fixed Asset Lien only.
Any Guarantor shall be in default under the terms of any agreement, document or instrument which relates to any Debt for Money Borrowed; or any Insolvency Proceeding shall be commenced by or against any Guarantor.
Such official may also take criminal or civil action against violators.

More Definitions of Debt for Money Borrowed

Debt for Money Borrowed means all liabilities, obligations and indebtedness of Strategic to any Person consisting of indebtedness for money borrowed or the deferred purchase price of property, excluding trade payables, but including (a) all Indebtedness evidenced by the Notes, (b) all debt outstanding to BB&T and (c) all obligations and liabilities created or arising under any Capital Lease or conditional sale with respect to property used or acquired by Strategic.

Debt for Money Borrowed means, with respect to the Company and its Subsidiaries at any date and without duplication, any of the following:

Debt for Money Borrowed means, as applied to any Person, (i) Indebtedness arising from the lending of money by any other Person to such Person (whether interest-bearing or not); (ii) Indebtedness, whether or not in any such case arising from the lending of money by another Person to such Person, (A) which is represented by notes payable or drafts accepted that evidence extensions of credit, (B) which constitutes obligations evidenced by bonds, debentures, notes or similar instruments, or (C) upon which interest charges are customarily paid (other than accounts payable) or that was issued or assumed as full or partial payment for property; (iii) Indebtedness under a Capital Lease; (iv) reimbursement obligations with respect to letters of credit or guaranties of letters of credit; and (v) Indebtedness of such Person under any guaranty of obligations that would constitute Debt for Money Borrowed under clauses (i) through (iv) hereof, if owed directly by such Person.

Debt for Money Borrowed means, as applied to any Person, (i) Indebtedness arising from the lending of money by any other Person to such Person; (ii) Indebtedness, whether or not in any such case arising from the lending of money by another Person to such Person, (A) which is represented by notes payable or drafts accepted that evidence extensions of credit, (B) which constitutes obligations evidenced by bonds, debentures, notes or similar instruments, or (C) upon which interest charges are customarily paid (other than accounts payable) or that was issued or assumed as full or partial payment for Property; (iii) Indebtedness that constitutes a Capitalized Lease Obligation; (iv) reimbursement obligations with respect to letters of credit or guaranties of letters of credit and (v) Indebtedness of such Person under any guaranty of obligations that would constitute Debt for Money Borrowed under clauses (i) through (iii) hereof, if owed directly by such Person.

Debt for Money Borrowed means, with respect to the Company and its Subsidiaries at any date and without duplication, any of the following: (i) all liabilities, obligations and indebtedness for borrowed money, including obligations evidenced by bonds, debentures, notes or other similar instruments of any Person; (ii) all obligations of any Person as lessee under Capital Leases; (iii) all Contingent Obligations of any such Person with respect to Debt for Money Borrowed; and (iv) all obligations, contingent or otherwise, of any such Person relative to the unexpired face amount of letters of credit, whether or not drawn, and banker's acceptances issued for the account of any such Person.

Debt for Money Borrowed means, as to any Person, all Indebtedness excluding Indebtedness referred to in clause (b) under the definition of the term "Indebtedness."