Debt Reduction Amount definition

Debt Reduction Amount shall have the meaning set forth in Section 1.8(d).

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Debt Reduction Amount means an amount equal to the sum of (a) --------------------- --- the aggregate amount of prepayments made by the Borrower to the Agent under the Credit Agreement on or after the Third Amendment Effective Date and applied to the reduction of Term Advances pursuant to Section 2.05 plus (b) the aggregate ---- amount of HLS Subordinated Debt that, on or after the Third Amendment Date, is converted into common stock of the Borrower or into other capital stock of the Borrower, in either event, on terms reasonably satisfactory to the Required Lenders (it being understood and agreed that the amount under this clause (b) as of any date shall be determined by the Agent based on an officer's certificate delivered to the Agent on or prior to such date setting forth such amount and on such other evidence, if any, as the Agent or the Required Lenders may reasonably require).

Debt Reduction Amount means for any period that amount which is the aggregate amount of payments of principal made during such period on Debt For Borrowed Money (excluding the Obligations, the Existing Bank Debt and the repayment pursuant to Section 3(c) of the First Amendment of term loans made by the Lenders hereunder) of the Parent and its Subsidiaries, Debt under sale-leaseback arrangements of the Parent and its Subsidiaries permitted hereunder and other similar Debt of the Parent and its Subsidiaries permitted hereunder."

Examples of Debt Reduction Amount in a sentence

In addition to any Commitment reductions pursuant to Section 5.01(a) or the preceding paragraphs (i) and (ii), if, on the date which is six months after the Agreement Date (the "Existing Debt Reduction Date"), the long-term senior unsecured debt of the Company has an S&P Rating lower than BBB- and a ▇▇▇▇▇'▇ Rating lower than Baa3, the Commitments shall be reduced permanently by an amount equal to the Existing Debt Reduction Amount.
Under no circumstances will BANA be required to make any cash payments as a result of the Debt Reduction or make Debt Reduction Payments exceeding the Debt Reduction Amount.
ACQUISITION DOCUMENTS -- is defined in Section B.6. ADJUSTED BASE SENIOR DEBT CAP -- means, at any time, the result of (a) the Base Senior Debt Cap, minus (b) the Senior Debt Reduction Amount at such time.
For Class Members who were assessed an EOBC during the Class Period, and whose accounts were closed while an EOBC was still due and owing, the Debt Reduction Amount will be used by BANA to make Debt Reduction Payments toward the outstanding balance on the account that was closed with the EOBC still due and owing in an amount up to $35 to reflect a credit for the outstanding EOBC.
Pursuant to Article III, at the Closing, Buyer shall pay an estimated purchase price equal to: the sum of (A) $200,000,000.00 (Two Hundred Million Dollars), (B) the Estimated Net Working Capital, (C) the ICE Payment and (D) the Debt Reduction Amount (which amount may be either a negative or a positive number) (collectively, the “Estimated Purchase Price”).

More Definitions of Debt Reduction Amount

Debt Reduction Amount has the meaning ascribed to it in Section 2.2(b)(1).

Debt Reduction Amount means for any period that amount which is (1) the aggregate amount of payments of principal made during such period on Debt For Borrowed Money (other than the Obligations and the Existing Bank Debt) of the Parent and its Subsidiaries, Debt under sale-leaseback arrangements of the Parent and its Subsidiaries permitted hereunder and other similar Debt of the Parent and its Subsidiaries permitted hereunder LESS (2) any cumulative additions to all such Debt after May 1, 1996 not included in clause (2)(ii) of the definition "Net Capex" for such period; provided, that except for the calculation of the EBITDA Carryforward Amount, the Debt Reduction Amount for any period shall in no event be less than zero.

Debt Reduction Amount means an amount equal to **.

Debt Reduction Amount. EBITDA", "LIBOR Rate Loans", "Loan Documents", Maximum Revolver Amount", "Net Capex", "Obligations" and "Stated Termination Date" and substituting therefor the following respective new definitions:

Debt Reduction Amount means (i) if the Estimated Working Capital exceeds the Target Working Capital, $0 and (ii) if the Target Working Capital exceeds the Estimated Working Capital, the amount of such excess.

Debt Reduction Amount shall have the meaning set forth in Section 2.3(a).

Debt Reduction Amount means for any period that amount which is (1) the aggregate amount of payments of principal made during such period on Debt For Borrowed Money (including the Term Loans, but excluding all other Obligations and excluding the Existing Bank Debt) of the Parent and its Subsidiaries, Debt under sale-leaseback arrangements of the Parent and its Subsidiaries permitted hereunder and other similar Debt of the Parent and its Subsidiaries permitted hereunder LESS (2) any cumulative additions to all such Debt (including the Term Loans) after May 1, 1996 not included in clause (2)(ii) of the definition "Net Capex" for such period; provided, that except for the calculation of the EBITDA Carryforward Amount, the Debt Reduction Amount for any period shall in no event be less than zero.