Existing Bank Indebtedness definition

Existing Bank Indebtedness all Indebtedness under the Existing Credit Agreement and all accrued and unpaid monetary obligations of the Borrower under the Existing Credit Agreement.

Existing Bank Indebtedness. All outstanding principal, accrued and unpaid interest and fees, and all other unpaid amounts owed to Huntington pursuant to the Existing Bank Credit Agreement.

Existing Bank Indebtedness means the Indebtedness of Royal Wolf Holdings and its Subsidiaries under the ANZ Credit Documents and the CBA Credit Documents as set forth on Schedule 3.11(a).

Examples of Existing Bank Indebtedness in a sentence

• All Existing Bank Indebtedness shall have been paid in full, the commitments under the Existing Credit Agreement shall have been terminated and the Administrative Agent shall have received satisfactory evidence of the foregoing.

• Borrower shall use the proceeds of the Credit Extensions solely to repay in full the Existing Bank Indebtedness and for working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.

• The Borrower shall have authorized the Agent in writing to pay in full the Existing Bank Indebtedness on the Closing Date with proceeds of the first Loans made hereunder, including replacement of any letters of credit issued and outstanding thereunder.

• The Borrower may reloan to NATC a portion of the proceeds of the Term Loan sufficient to allow NATC to repay the Existing Bank Indebtedness provided such loan is treated as an intercompany loan on the books and records of the parties and is not evidenced by a promissory note.

• Section 6.1 of each of the Agreements is hereby amended (a) by changing the reference to "5.18" in the third line of subsection 6.1(c) to "5.19", and (b) by changing the parenthetical statement "(individually or in the aggregate") in the sixth and seventh lines of subsection 6.1(e) to "(individually or in the aggregate, and including without limitation the Existing Bank Indebtedness)".

More Definitions of Existing Bank Indebtedness

Existing Bank Indebtedness is the Indebtedness of Borrower to Bank under the Existing Bank Loan Agreement including the final payment and prepayment fee thereunder.

Existing Bank Indebtedness means (i) as to the Borrower, -------------------------- Indebtedness owing pursuant to the Second Amended and Restated Loan Agreement dated December 21, 1995 effective January 2, 1996 with Sun Trust Bank, Central Florida, N.A., the principal amount outstanding of which as of March 31, 1997 was $10,000,000, and (ii) as to Suncom, Indebtedness owing pursuant to the Term Loan Agreement dated September 14, 1995 with Midlantic Bank, National Association (predecessor to PNC Bank), as amended, the principal amount outstanding of which as of March 31, 1997 was $14,000,000. Expiration Date shall mean, with respect to the Revolving Credit --------------- Commitments, May 15, 2004.

Existing Bank Indebtedness means the portion of the Debt of the Company incurred under or pursuant to the Existing Credit Agreement. "Existing Bank Indebtedness Documents" shall mean the Existing Credit Agreement, together with all instruments and documents related thereto, given to secure or evidence the Existing Bank Indebtedness, or otherwise executed in connection therewith. "Existing Credit Agreement" shall mean that certain Credit Agreement dated as of October 23, 1996 among the Company, The First National Bank of Boston, as Agent, and the other parties thereto, as the same may from time to time be amended or otherwise modified. Reference herein to the amendment or other modification of the Existing Credit Agreement is not intended to waive or modify in any respect the covenant of the Company contained in Section 5.19 regarding the modification of the Existing Bank Indebtedness Documents. "Guaranty" shall mean the Guaranty of the Subsidiaries, the form of which is appended as Exhibit A to that certain Waiver and Amendment dated as of December 31, 1997, by and among the Company and the Purchasers.

Existing Bank Indebtedness means that the Indebtedness of the Borrower pursuant to and under that certain Credit Agreement, dated as of October 4, 1996, by and among the Borrower, certain financial institution named therein, National City Bank as Agent and Issuing Bank, as amended from time to time.

Existing Bank Indebtedness all of the obligations of the Borrower under the Existing Credit Agreement.

Existing Bank Indebtedness means all Indebtedness of any Borrower or any Guarantor under or with respect to the Existing Loan Agreement.

Existing Bank Indebtedness has the meaning specified in Schedule 5.02(d).