Excess Debt definition

Excess Debt means any Indebtedness other than Permitted Indebtedness.

Excess Debt means the amount by which the then outstanding principal balance of the Loan exceeds the Maximum Available Amount as determined on any date during the term of the Notes.

Excess Debt means Tranche A Excess Debt or Tranche B Excess Debt.

Examples of Excess Debt in a sentence

• In full satisfaction of the Bond Trustee/Bondholder Claims, the Bondholders will receive, under the settlement described in Section 7.1(b) of the Plan, their pro rata share of: (A) the Initial Bondholder Payment, (B) a Cash distribution equal to the Excess Debt Service Reserve Fund Amount, and (C) the New Bonds.

• Notwithstanding the foregoing, so long as there exists no Unmatured Event of Default and no Excess Debt at the time of or resulting from such action, Borrower is authorized to acquire capital stock or equity interest in Summo Minerals Corporation or a direct property interest in any property owned by Summo Minerals Corporation provided that the aggregate consideration paid by Borrower for such capital stock, equity or property interest does not exceed the sum of $10,000,000.

• Excess Debt Service Fund balances should be returned to the general or special revenue fund where the pledged revenue stream is collected.

• Such sponsor obligation shall be for a period earlier of the tenure of the project loan or December 2032 Since, the time line for the construction of the Project has been extended; revised approval for Excess Debt Support is sought to the extent required under the Finance Documents.

• The balances of the reserve accounts as of June 30, 2014 are as follows:Required Actual Balance Balance Excess Debt service reserve $ 10,422,343 $ 10,617,461 $ 195,118The debt service reserve contains funds held by the trustee in the event the institution is unable to meet payments.

More Definitions of Excess Debt

Excess Debt means, as of immediately prior to the Effective Time, the difference between the sum of the following and $899,700,000: (i) the difference between (A) Indebtedness of the Company and its consolidated Subsidiaries less (B) the difference between $70,000,000 and any amounts (other than the reimbursement of expenses) actually received by the Company and its consolidated subsidiaries after the date hereof under agreements relating to the sale or LMA (such LMA payments not to exceed $30,000 per month) of its WVGO-FM and the sale or LMA of its Xxxxxxx/Biloxi radio stations, less (C) any Indebtedness incurred to finance acquisitions approved by Parent of stock of or substantially all of the assets of radio stations, less (D) interest accrued as of immediately prior to the Effective Time that is not then due and payable, (ii) the Series B Merger Consideration, (iii) the Series C Merger Consideration, (iv) the liquidation preference amount of the Series E Preferred Stock, and (v) Environmental Costs or Liabilities accrued and not paid after June 30, 1997 to the extent they exceed $100,000 in the aggregate. "Working Capital Adjustment Amount" shall mean an amount equal to the Final Working Capital, less the Estimated Working Capital, together with interest on the absolute value of the difference at 10% per annum beginning on the Closing Date and ending on the date of payment of the Working Capital Adjustment Amount as provided in Section 5.07(i)(iii)(B). Notwithstanding the foregoing, Working Capital shall not include any asset transferred to Delsener/Xxxxxx Holdings or any of its Subsidiaries, any liability assumed by Delsener/Xxxxxx Holdings, or any liability to which none of the Company or any of its Subsidiaries is a party immediately after the Effective Time and any such computation shall assume that the Spin Off has been consummated.

Excess Debt means all or any part of any Financial Indebtedness (other than Project Finance Indebtedness and Subordinated Amounts):

Excess Debt has the meaning assigned to that term in subsection 5.14.

Excess Debt means the debt as on the First Tranche Completion Date in excess of the Net Debt, if applicable.

Excess Debt means the sum of outstanding principal balance of and accrued interest on all outstanding Debt (as defined in Section 5.19) as of immediately prior to the Effective Time after giving effect to the payment of the SportsLine Loan (as defined in Section 8.12).

Excess Debt means the amount, if any, by which Closing Debt exceeds $15,000,000.

Excess Debt has the meaning specified in Section 2.4(b)(ii).