Group Indebtedness definition

Group Indebtedness means the Indebtedness of the Group, as shown in, or determined by reference to, the Group’s latest audited consolidated annual financial statements;
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Group Indebtedness means all outstanding and unpaid amounts, other than any outstanding and unpaid amounts arising from or relating to the Convertible Bonds, owing at Closing (including principal, interests, penalties and any other sums) by the Company and/or its Subsidiaries pursuant to or in connection with the Credit Facility Agreements (including, for the avoidance of doubt, any amounts that may be due upon termination of any hedging arrangements entered into in connection with the Credit Facility Agreements).
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Group Indebtedness any loan or other financing liability or obligation of any Group Company, including (a) any moneys borrowed by any Group Company, (b) any indemnity or guarantee given for the benefit of another person and (c) financing, operating or capitalized leases, excluding in each of (a), (b) and (c) any loan or other financing liability or obligation incurred by the relevant Group Company from or for the benefit of another Group Company;
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Examples of Group Indebtedness in a sentence

  • The Group’s activities are exposed to various financial risks, the most significant of which are foreign currency risk, interest rate risk, credit risk, liquidity risk, inflation risk and risks related to Group Indebtedness.

  • The Issuer will not make a Distribution, except where, following such Distribution the Current Resources of the Wholly Owned Group are (or would be) greater than 75% of the Group Indebtedness, and provided that, in any case, a Distribution is no greater than an amount lawfully permitted under applicable law.

  • Seller shall cause to be repaid in full at or prior to Closing all Commercial Air Group Indebtedness and shall deliver the documents set forth in Section 2.3(b)(iv)(E) in connection therewith at Closing other than Specified Indebtedness for which Specified Indebtedness Consents have been obtained by December 31, 2016.

  • Notwithstanding the foregoing, Seller shall not adversely modify the terms of any Commercial Air Group Indebtedness that is to be assigned or transferred to, or otherwise assumed by, Purchaser or an Affiliate of Purchaser as of the Closing pursuant to this Section 5.19 without the prior written consent of Purchaser.

  • Seller shall be responsible for the payment of: (i) the fees and expenses owed by the Commercial Air Group or Sellers to their investment bankers, attorneys, accountants and other professionals payable in connection with this Agreement; and (ii) any fees or expenses in the nature of prepayment penalties, or make-whole payments associated with the repayment of Commercial Air Group Indebtedness at or prior to Closing.

  • As long as any payment obligations from the Notes remain outstanding in accordance with these Terms and Conditions, the Issuer or any Material Subsidiary will not enter into any transaction that would directly or indirectly result in any increase of the Group Indebtedness, where as a result of such transaction, (i) the Consolidated Net Indebtedness Ratio would exceed 3.50, or (ii) an Event of Default would occur, threaten to occur or continue.

  • For more information about the refinancing of the Wind Italy Group Indebtedness, see Note 5 to our Unaudited Pro Forma Condensed Combined Financial Information.

  • The Purchaser shall procure that it will be solely responsible to take all necessary steps as required in this respect under the applicable contractual documentation in relation to the External Group Indebtedness.

  • Ten Business Days prior to the anticipated Closing Date, the Company shall deliver to the Buyer a schedule setting forth the amount of Group Indebtedness to be paid by the Company at the Closing.

  • In particular, the Sellers shall provide the Purchaser at the latest ten Business Days prior to the Completion Date with (i) an overview of all amounts that will or may become due under the External Group Indebtedness in case of a (p)repayment of such External Group Indebtedness on the Completion Date and (ii) the notice details of the relevant lenders, noteholders, bondholders or agents referred to in Clause 6.2.


More Definitions of Group Indebtedness

Group Indebtedness means any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent incurred between the Borrower and any member of the Group. Group Structure Chart means the structure chart of the Group in the agreed form.
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Group Indebtedness means any financial indebtedness between a Seller (or any affiliate of a Seller), as creditor and any other Seller, as debtor.
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Group Indebtedness means all outstanding and unpaid amounts (in principal, interest, break costs, penalties, close out costs and any other sums, fees and expenses due in connection with voluntary or mandatory prepayments or of any other nature) due by any Group Company pursuant to, or in connection with, the Financing Documents;
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Group Indebtedness means indebtedness (other than amounts arising out of the ordinary course of trade) owed by the Group Companies to the Sellers’ Post-Closing Group;
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Related to Group Indebtedness

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Company Indebtedness means the Indebtedness of the Company.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness; provided, however, that any Indebtedness that is secured only by a pledge of Equity Interests shall be deemed to be Unsecured Indebtedness.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Subordinated Indebtedness means Indebtedness of the Company or a Guarantor subordinated in right of payment to the Notes or a Guarantee, as the case may be.

  • Designated Indebtedness has the meaning assigned to such term in the Guarantee and Security Agreement.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • First Lien Indebtedness means all Obligations (as that term is defined in the First Lien Credit Agreement) of Company and its Subsidiaries under the First Lien Credit Agreement.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Permitted Indebtedness means, without duplication, each of the following:

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Senior Secured Indebtedness means, with respect to any Person as of any date of determination, any Specified Indebtedness; provided that such Indebtedness is in each case secured by a Lien on the assets of the Issuer or its Restricted Subsidiaries on a basis pari passu with or senior to the security in favor of the Notes.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.