Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.
Existing Debt has the meaning specified in Section 5.02(d)(ii).
Existing Debt has the meaning specified in Section 4.01(gg) hereof.
Examples of Existing Debt in a sentence
Effective on the date hereof, the Creditor hereby delivers the Existing Debt in exchange for the contemporaneous execution and delivery of the Convertible Note, which shall be issued with an aggregate original principal amount equal to the Debt Amount, on the terms and conditions set forth in this Agreement (the “Exchange”).
For the purposes of Rule 144 of the Securities Act, the Company agrees not to take a position contrary to the Creditor’s position that the holding period of the Exchange Shares may be tacked on the holding period of the Existing Debt.
More Definitions of Existing Debt
Existing Debt means Indebtedness of each Loan Party and its Subsidiaries outstanding on the Closing Date.
Existing Debt means the obligations of the Borrower or its Subsidiaries in connection with the Bareboat Charterparty with respect to the vessel BRILLIANCE OF THE SEAS dated July 5, 2002 between Halifax Leasing (September) Limited and RCL (UK) LTD, and the replacement, extension, renewal or amendment of the foregoing without increase in the amount or change in any direct or contingent obligor of such obligations.
Existing Debt means all Debt for Borrowed Money of the Borrower and its Subsidiaries outstanding immediately before the occurrence of the Restatement Effective Date.
Existing Debt shall have the meaning provided in Section 8.04(d).
Existing Debt means such Debt set forth on Schedule 5.02(b).
Existing Debt means the indebtedness of the Company under the Existing Credit Agreement.