Debt Liabilities definition

Debt Liabilities means all monies and obligations due, owing or incurred to the Agent and the Holders or any of them by the Obligors or any of them (whether present or future, actual or contingent and whether incurred as principal or surety) pursuant to any Finance Document.
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Debt Liabilities. All indebtedness, determined without duplication, including indebtedness evidenced by notes, capitalized leases, bank term and revolving credit loans, obligations related to drawn letters of credit, bonds evidencing indebtedness, debentures, borrowings from lending institutions or other persons, subordinated loans and subordinated debt securities with or without stated maturity, bank bills, bank overdrafts, obligations with respect to the factoring or discounting of accounts receivable and other instruments, and accrued interest and expense and penalties on any of the foregoing (including prepayment penalties) all calculated in accordance with GAAP.
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Debt Liabilities means the amounts outstanding or due to the financial companies or creditors.
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Examples of Debt Liabilities in a sentence

  • Each of the Parties agrees that the Credit Facility Liabilities, the Hedging Liabilities and the Pari Passu Debt Liabilities owed by the Debtors to the Primary Creditors shall rank in right and priority of payment pari passu and without any preference between them.

  • Each of the Parties agrees that the Transaction Security shall rank and secure the Credit Facility Liabilities, the Hedging Liabilities and the Pari Passu Debt Liabilities (subject to the terms of this Agreement) pari passu and without any preference between them (but only to the extent that such Transaction Security is expressed to secure those Liabilities).

  • Subject to Clause 3.2 (Rolled Loan – restrictions), if any Disposal Proceeds are required to be applied (or offered to be applied) in mandatory prepayment or redemption of the Credit Facility Liabilities or the Pari Passu Debt Liabilities then those Disposal Proceeds shall be applied (or, if relevant, offered and then applied, if required) in accordance with the Debt Documents and the consent of any other Party shall not be required for that application or offer.

  • Termination of the provision of the Banking Service to the Payer Client by the Bank in accordance with this clause 5.6.6.3 of the Agreement does not release the Payer Client from the obligation to fulfil its Debt Liabilities under the Agreement in full.

  • For the purposes of calculating any Senior Debt Liabilities pursuant to this clause 5.2 or as otherwise required under this Agreement, any amounts in a Non-Base Currency will be converted into the Base Currency in accordance with the relevant Spot Exchange Rate.

  • No insolvency proceedings of any kind have been filed against the Company and the Company has not stopped payment or is insolvent or unable to pay its Debt Liabilities as and when they fall due.

  • Senior Debt Liabilities under the Bank Finance Documents and any permitted refinancing thereof designated by Seadrill Limited as “Senior Debt” pursuant to the Intercreditor Agreement.

  • Intra Group Debt Liabilities of the relevant Obligors under intercompany loans made by Intercompany Lenders to RigCo or other Obligors where such loans are required by the terms of the relevant Secured Facilities Agreement and the Intercreditor Agreement to be subordinated.

  • When calculating the Total Compensation Amount, Senior Debt Compensation and Senior Debt Liabilities (including Breakage Costs) for the purposes of this clause 6.6, Breakage Costs and Breakage Gains will be calculated as if the DA Approved Hedging had terminated on the Discontinuation Date.

  • If the amount of Senior Debt Compensation was less than the amount of the Senior Debt Liabilities on the Discontinuation Date, the amounts payable pursuant to this clause 6.8 shall be reduced pro rata to the Reduction Ratio.


More Definitions of Debt Liabilities

Debt Liabilities means all monies and obligations due, owing or incurred to the Beneficiaries or any of them by the Issuer (whether present or future, actual or contingent and whether incurred as principal or surety) pursuant to any Deed means this Deed and the Schedules to this Deed as amended from time to time. Deferred Amount means a payment of Principal and/or Interest that is deferred (in whole or part) in accordance with clauses 8 and 9 (respectively).
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Debt Liabilities means all monies and obligations due, owing or incurred to the Agent and the Holders or any of them by the Obligors and the Parent or any of them (whether present or future, actual or contingent and whether incurred as principal or surety) pursuant to any Finance Document. Debt Service Reserve Account means the account held by the Issuer and designated as such by the Issuer and the Agent in accordance with paragraph 4 of Schedule 4. Deed means this deed and the Schedules to this deed.
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Debt Liabilities means all monies and obligations due, owing or incurred to the Beneficiaries or any of them by the Obligors or any of them (whether present or future, actual or contingent and whether incurred as principal or surety) pursuant to any Finance Document; Default Rate means 3% over the published Base Rate Delegate means any delegate, agent, attorney or co-agency appointed by the Agent; Enforcement Action means any action or step taken by any Beneficiary whatsoever to enforce its rights against an Obligor under a Relevant Document including:
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Debt Liabilities means all monies and obligations due, owing or incurred to the Beneficiaries or any of them by the Issuer Debenture means each debenture constituted by this Deed. Deed means this deed and the Schedules to this deed.
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Debt Liabilities means monies and obligations due, owing
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Related to Debt Liabilities

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).