Examples of Group Indebtedness in a sentence
Subject to Clause 4 below, the Parent irrevocably warrants and undertakes in favour of Venture that it shall not without the prior written consent of Venture accept repayment of all or any part of the Intra Group Indebtedness from the Guarantor until the conditions described in Clauses 2.1(a) - 2.1(c) inclusive above have been duly satisfied.
As used herein, the term "Senior Indebtedness" means, collectively, the Bank Group Indebtedness and Senior Noteholder 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 November 2010 Wind Italy restructured and refinanced the Wind Italy Group Indebtedness, other than the 2017 Notes and the PIK Notes.
At Closing, the Buyer shall, in addition to the payment of the Purchase Price, pay in cash into the Company’s bank account an amount sufficient for the Company and its Subsidiaries to repay the Group Indebtedness with value date (date de valeur) at the Closing Date, in accordance with the terms and conditions of the Credit Facility Agreements.
As at Completion, the Company will have no Group Indebtedness or Intra-Group Indebtedness.
The Stockholders shall use commercially reasonable efforts to assist the Company and the Buyer with preparations for prepayments and termination of the Group Indebtedness.
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.
The Wind Italy Group Indebtedness is paid from cash flow generated by Wind Italy businesses, and VimpelCom has no obligations for any payments on any Wind Italy Group Indebtedness.
The Company shall have obtained and communicated to the Purchaser on or prior to the Closing a statement from the lenders under the Credit Facilities Agreement listing all Credit Facilities Liens, expressing that the Credit Facilities Liens shall be released at Closing, upon and subject to full repayment to such lenders of the Group Indebtedness, and whereby the lenders undertake to provide all reasonably required assistance for the purpose of making effective such releases.