Excess Debt definition

Excess Debt means any Indebtedness other than Permitted Indebtedness.

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

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.

Examples of Excess Debt in a sentence

• On June 30, 2020, the following provisos contained in Act 91 of 2019, the general appropriations act for Fiscal Year 2019- 2020, are deleted: 112.1. (DS: Excess Debt Service); 117.112.

• 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.

• And holding other variables unchanged, the coefficient of Excess Debt is significantly negative, which predicts the more asset-liability ratio of the acquirer exceeds the industry average, the less likely it is to acquire political sensitive assets, that is, over-debt constrains political sensitive assets transaction.

• 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.

• On June 30, 2020, the following provisos contained in Act 91 of 2019, the general appropriations act for Fiscal Year 2019‑2020 are deleted: 112.1. (DS: Excess Debt Service); 117.112.

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 means the amount, if any, by which the Net Closing Indebtedness (as defined below) exceeds $196,139.00;

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

Excess Debt means the aggregate amount of the Indebtedness of the Company as at Completion other than the respective amounts set out in part 1 of schedule 7 to the extent that such amounts have already been paid by the Company prior to Completion;

Excess Debt shall equal the excess, if any, of (1) the sum of (a) the UAR Payment, (b) the amount of Certified Indebtedness plus any premium or penalty payable upon the prepayment of such Indebtedness on the Closing Date and (c) the amount by which, if any, the Estimated Net Working Capital is less than zero, over (2) $57,000,000.

Excess Debt means Excess ABL Debt or Excess Term Loan Debt, as applicable.