Guarantee and Collateral Exception Amount means, at any time: (a) $250,000,000, minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time pursuant to Sections 10.1(A)(j) or 10.1(A)(k) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, Stock, Stock Equivalents and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, (ii) the aggregate New Loan Commitments at such time and (iii) any Indebtedness incurred by any Restricted Subsidiary that is not a Guarantor, provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time: (a) $350,000,000 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time and after the Closing Date pursuant to Section 10.1(A)(i) or (A)(j) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, capital stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, (ii) the aggregate Incremental Loan Commitments at such time and (iii) any Indebtedness outstanding at such time incurred after the Closing Date by any Restricted Subsidiary that is not a Guarantor; provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time, $60,000,000 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time pursuant to Section 10.1(a)(xi) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, Capital Stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, and (ii) any Indebtedness incurred by any Restricted Subsidiary that is not a Guarantor; provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Examples of Guarantee and Collateral Exception Amount in a sentence
Each Credit Party organized under the laws of Luxembourg will not own Satellites, orbital slots or hold customer contracts to the extent the Collateral Trustee cannot hold a valid and perfected security interest in such property, except pursuant to the Guarantee and Collateral Exception Amount.
More Definitions of Guarantee and Collateral Exception Amount
Guarantee and Collateral Exception Amount means, at any time: (a) $100,000,000 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time pursuant to Section 10.1(j) or (k) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, capital stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, (ii) the lesser of (x) the aggregate Increased Commitment Amount at such time and (y) $50,000,000 and (iii) any Indebtedness incurred by any Foreign Joint Venture, provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time, $200,000,000.
Guarantee and Collateral Exception Amount means, at any time: (a)(i) $100,000,000 so long as the Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of the most recent period for which Section 9.1 Financials are delivered by the US Borrower to the Lenders under Section 9.1 is less than 2.00 to 1.00, (ii) $75,000,000 if the Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of the most recent period for which Section 9.1 Financials are delivered by the US Borrower to the Lenders under Section 9.1 is equal to or greater than 2.00 to 1.00 but less than 3.00 to 1.00 or (iii) $50,000,000 if the Senior Secured Debt to Consolidated EBITDA Ratio as of the last day of the most recent period for which Section 9.1 Financials are delivered by the US Borrower to the Lenders under Section 9.1 is greater than or equal to 3.00 to 1.00 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed following the Restatement Date prior to such time pursuant to Section 10.1(j) or (k) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, capital stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, (ii) the lesser of (x) the aggregate Increased Commitment Amount at such time and (y) $50,000,000, (iii) any Indebtedness incurred following the Restatement Date by any Foreign Joint Venture and (iv) the aggregate fair market value at the time each such investment was made of all outstanding investments made following the Restatement Date pursuant to Section 10.5(j) in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12; provided, that the Guarantee and Collateral Exception Amount shall be increased to the extent that the Indebtedness and Investments deducted from the Guarantee and Collateral Exception Amount prior to the Restatement Date are no longer outstanding; provided further, that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time: (a) $350,000,000 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time and after the Closing Date pursuant to Section 10.1(A)(i) or (A)(j) that is outstanding at such time and that was used to
Guarantee and Collateral Exception Amount means, at any time: (a) $5,000,000 minus (b) any Indebtedness incurred by any Foreign Subsidiary, provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time: (a) $200.0 million minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time pursuant to Section 6.01(A)(j) or (A)(k) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, capital stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Section 5.10, (ii) the aggregate Incremental Term Loan Commitment at such time and (iii) any Indebtedness incurred by any Restricted Subsidiary that is not a Guarantor, provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.
Guarantee and Collateral Exception Amount means, at any time: (a) $200,000,000 minus (b) the sum of (i) the aggregate amount of Indebtedness incurred or assumed prior to such time pursuant to Section 10.1(j) or (k) that is outstanding at such time and that was used to acquire, or was assumed in connection with the acquisition of, capital stock and/or assets in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, (ii) the lesser of (x) the aggregate Increased Commitment Amount at such time and (y) $50,000,000, (iii) any Indebtedness incurred by any Foreign Joint Venture and (iv) the aggregate fair market value at the time each such investment was made of all outstanding investments made pursuant to Section 10.5(j) in respect of which guarantees, pledges and security have not been given pursuant to Sections 9.11 and 9.12, provided that if such amount is a negative number, the Guarantee and Collateral Exception Amount shall be zero.