Exchange Debt definition

Exchange Debt means, at any time, the series of Eligible Debt for which the then existing series of Covered Debt is exchanged pursuant to an Automatic Redesignation Event.

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Exchange Debt means outstanding debt obligations of EQT that are exchanged for Retained Shares pursuant to the Debt-for-Equity Exchange, if any.

Exchange Debt shall have the meaning set forth in Section 2.12(a).

Examples of Exchange Debt in a sentence

Upon the occurrence of an Automatic Redesignation Event, the then existing Covered Debt shall automatically cease to be the Covered Debt and the Exchange Debt shall automatically become the Covered Debt.
Premium and Interest and to Exchange Debt Securities for Capital Securities; Direct Action by Holders of Capital Trust Securities.
The Debt Holder has good and marketable title to the Exchange Debt, free and clear of all liens, pledges, options, claims, title defects, encumbrances, charges and other restrictions of every kind (collectively, the “Liens”).
There are no unpaid taxes or other matters which are or could become a Lien on the Exchange Debt.
Without limiting the generality of this Section 2.6(a), WIN shall, and WIN shall cause Holdings to, issue the Holdings Exchange Debt in accordance with the immediately preceding sentence, subject to the responsibilities of the WCAS Subs set forth in the second sentence of this Section 2.6(a).

More Definitions of Exchange Debt

Exchange Debt means the aggregate of (i) all of the outstanding principal amount of the Loans (as defined in the Original Agreement) in excess of an amount equal to the aggregate Term Loans (as defined in the New Credit Agreement and after giving to any revisions required pursuant to Section 2.1 of this Agreement) as of the Consummation Date, (ii) all accrued and unpaid interest and commitment fees in respect of the indebtedness under the Original Agreement as of the Consummation Date, other than that amount of interest determined to be "Adjusted Existing Accrued Interest" under the terms of the New Credit Agreement, and (iii) the Forbearance Fee.

Exchange Debt has the meaning specified in the recitals to this Agreement.

Exchange Debt is defined in the Recitals.

Exchange Debt means any Excluded Debt issued to the Vendor Parties pursuant to the Exchange Debt Agreement due to such Vendor Parties' election to convert a portion of their Notes to Excluded Debt, on the terms and conditions set forth in the Exchange Debt Agreement.

Exchange Debt means the 15% Junior Subordinated Debentures of the Corporation issued pursuant to the Exchange Debt Indenture, as amended, modified, supplemented, restructured, replaced, extended, or refinanced from time to time in accordance with the terms hereof and thereof.

Exchange Debt has the meaning provided in Section 2.3.

Exchange Debt means indebtedness for borrowed money issued by the Company or any of its subsidiaries (including indebtedness to finance acquisitions or other non-working capital needs), other than indebtedness incurred to finance ordinary course working capital needs of the Company and its subsidiaries, provided by an institutional lender whose loans are regulated by law (such as banks, trust companies, credit unions and commercial loan agencies) having aggregate capital and surplus in excess of $1 billion.