EDC Debt definition

EDC Debt means the EDC Secured Debt and the EDC Unsecured Debt.
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EDC Debt means the Debt to EDC described in Section 1.1(92)(k).
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EDC Debt means a debt of GL&V India Private Limited in favour of EDC for a principal amount of USD$2,000,000, plus any interest thereunder.
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Examples of EDC Debt in a sentence

  • The Lenders also acknowledge that the terms of the EDC Debt will include provisions requiring the Obligors to cash-collateralize their obligations to EDC in connection with the EDC Debt following an Event of Default.

  • EDC, the other Lenders, the Agent and the Obligors agree that this Section 3.3 shall remain binding on them as long as the EDC Debt and the Obligations and/or Other Secured Obligations remain outstanding, even if EDC ceases to be a Lender.

  • On the Plan Effective Date, the Amended & Restated EDC Debt Documents shall constitute legal, valid, binding, and authorized obligations of the applicable Reorganized EDC Debtors, enforceable in accordance with their terms.

  • Each Holder of an Allowed EDC Remaining Facilities Claim shall receive its Pro Rata share of the Amended & Restated EDC Debt.

  • With respect to the EDC Remaining Facilities, on the Plan Effective Date, pursuant to the terms of the EDC Facilities Term Sheet Holders of Allowed EDC Remaining Facilities Claims will receive their Pro Rata share of the Amended & Restated EDC Debt.

  • Amended & Restated EDC Debt On the Plan Effective Date, and without the need for further corporate action or other action by Holders of Claims or Interests, the applicable Reorganized EDC Debtors shall enter into the Amended & Restated EDC Debt Documents pursuant to the terms of the EDC Facilities Term Sheet.

  • The Lenders also acknowledge that the terms of the EDC Debt include provisions requiring the Obligors to cash-collateralize their obligations to EDC in connection with the EDC Debt following an Event of Default.

  • The Lenders, the Agent and the Borrower agree that this Section 3.7 shall remain binding on them as long as the EDC Debt and the Obligations and/or Other Secured Obligations remain outstanding.

  • The Amended & Restated EDC Debt will be divided across the EDC Remaining Facilities on a pro rata basis according to a specified maintenance-adjusted market value of the aircraft financed under each Remaining Facility (as defined in the EDC Facilities Term Sheet).

  • EDC (which is both a Lender and holder of Other Secured Obligations in the form of the EDC Debt), the other Lenders, the Agent and the Obligors acknowledge that, in accordance with Section 3.2(1), all Obligations and all Other Secured Obligations shall be supported by the Guarantees pari passu and that any security provided or to be provided by the Obligors shall be provided proportionately based on the aggregate outstanding amount of the Obligations and the Other Secured Obligations.


More Definitions of EDC Debt

EDC Debt means Debt of one or more Obligors in an aggregate principal amount of up to US $100,000,000 at any time under or in connection with one or more arrangements by which EDC may provide financial support in order to enable the Borrower or any other Restricted Party to obtain letters of credit, letters of guarantee, performance guarantees or other similar instruments from a financial institution that are required in connection with the business of the Borrower or any other Restricted Party, provided that the terms of the Debt are, in the aggregate, not materially more onerous to the Obligors than the terms of this Agreement, other than interest rates and fees.
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Related to EDC Debt

  • Public Debt means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (1) a public offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Permitted Unsecured Refinancing Debt means Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that (i) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Consolidated Senior Secured Indebtedness means all Consolidated Funded Indebtedness that is secured by a Lien on any property or assets of the Borrower or any Restricted Subsidiary.

  • Consolidated Senior Secured Debt means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of any Loan Party.

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