Existing Bank Debt definition

Existing Bank Debt means all Debt under the Existing Agreement and all accrued and unpaid monetary obligations of the Borrower under the Existing Agreement and all documents, instruments and other agreements executed and delivered in connection therewith.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Existing Bank Debt means indebtedness under the Existing Credit Agreement.

Existing Bank Debt means Indebtedness of the Borrower existing on the date hereof and arising pursuant to the terms of that Credit Agreement, dated as of January 15, 1997 between the Borrower and Fleet as such document may have been amended, supplemented or modified through the date hereof.

Examples of Existing Bank Debt in a sentence

• The 2008 Notes Call for Redemption and the Existing Bank Debt Refinancing shall have been effected.

• The proceeds of the Loans are to be used solely to refinance the Existing Bank Debt and for working capital purposes and other general corporate purposes of the Parent and its Subsidiaries not prohibited hereby.

• Borrower will use the proceeds of the initial Loans to consummate the Acquisition and to repay and cancel the Existing Bank Debt.

• To the extent the Agent or the Issuing Bank determines that the provisions of any documents executed in connection with the Existing Bank Debt would be required to effect the intent of this subparagraph 2.7(e), such documents and provisions (but only such documents and provisions) shall remain in full force and effect as long as the Agent or the Issuing Bank deems necessary to effect the provisions of this subparagraph 2.7(e).

• Buyer and Seller acknowledge and agree that Buyer may, in its sole and absolute discretion, may at any time cause the Existing Note to be amended, modified or recast to become having such terms and conditions satisfactory to Buyer in Buyer’s sole discretion (the Existing Bank Debt, as same may be amended and recast as described herein, is referred to as the “Bank Note”).

More Definitions of Existing Bank Debt

Existing Bank Debt means all Debt (other than the Existing Letters of Credit) under the Existing Agreements and all accrued and unpaid monetary obligations of the Borrower under the Existing Agreements and all documents, instruments and other agreements executed and delivered in connection therewith.

Existing Bank Debt means each item of Indebtedness described on Schedule II hereto, as supplemented from time to time.

Existing Bank Debt means the Debt in an aggregate principal amount of no more than $180.0 million of the Issuer outstanding under the Existing Bank Agreement.

Existing Bank Debt collectively, the indebtedness of KDS under the Credit Agreement, dated as of June 13, 1997, among ▇▇▇▇'▇ Corporation, KDS, the lenders party thereto, the agents party thereto, and BNY, as administrative agent thereunder, as amended, together with all outstanding principal, accrued interest and fees and other sums payable thereunder.

Existing Bank Debt collectively, the Indebtedness of Parent and certain Subsidiary Guarantors under that certain Credit Agreement dated March 26, 1997 by and among Parent, certain of the Subsidiary Guarantors and Fleet Bank, National Association as Administrative and Collateral Agent and the documents, instruments and agreements executed pursuant thereto or in connection therewith, including all outstanding principal, unpaid and accrued interest, unpaid and accrued fees and other unpaid sums thereunder.

Existing Bank Debt means all obligations of the Companies under the Credit Agreement dated as of March 12, 1993, as amended.

Existing Bank Debt means all indebtedness, obligations and liabilities under or in connection with the Credit Agreement, dated as of August 21, 1995, among the Parent, HDSC, the lenders party thereto and Chemical Bank, as Administrative Agent and Fronting Bank, as the foregoing shall be amended, restated, modified and supplemented from time to time to the Closing Date.