Included Indebtedness definition
Included Indebtedness as of any fiscal quarter end, (1) all items which constitute, without duplication, Indebtedness of the Borrower and its Subsidiaries on a Consolidated basis, other than (a) Indebtedness within the meaning of clause (v) of such defined term, and (b) Indebtedness within the meaning of clauses (ix) and (x) of such defined term solely in respect of Indebtedness referred to in clause (a) above, minus (2) any unamortized debt discount of the Borrower and its Subsidiaries on a Consolidated basis to the extent not otherwise taken into consideration in the determination of Indebtedness under clause (1) above, plus (3) an amount equal to the product of eight (8) multiplied by Rent for the four consecutive fiscal quarters then ended.
Included Indebtedness as to any Person, all items which constitute, without duplication, (1) Indebtedness of such Person, other than (a) Indebtedness of such Person within the meaning of clause (v) of such defined term, and (b) Indebtedness of such Person within the meaning of clauses (ix) and (x) of such defined term solely in respect of Indebtedness referred to in clause (a) above, minus (2) any unamortized debt discount to the extent not otherwise taken into consideration in the determination of Indebtedness.
Included Indebtedness is (a) indebtedness for borrowed money, (b) obligations evidenced by notes, bonds, debentures or similar instruments, and (c) capital lease obligations.” 10 The Loan Agreement shall be amended by deleting the following definitions, appearing in Section 13.1 thereof:
Examples of Included Indebtedness in a sentence
The purchase price for Target Interests shall be an amount equal to $24,000,000 less the outstanding balance of the Included Indebtedness (the "Purchase Price").
More Definitions of Included Indebtedness
Included Indebtedness is (a) indebtedness for borrowed money, (b) obligations evidenced by notes, bonds, debentures or similar instruments, and (c) capital lease obligations.
Included Indebtedness means the outstanding balances of the following items of indebtedness of the Target and IISC at the Closing Date:
Included Indebtedness at any date, the amount equal to the sum of (a) the average daily amount of Domestic Revolving Credit Exposure during the period of 12 consecutive fiscal months ended on such date, (b) the average daily amount of the Incremental Credit Exposure outstanding during the period of 12-consecutive fiscal months ended on such date, (c) the average daily principal amount of UK Revolving Credit Exposure outstanding during the period of 12 consecutive fiscal months ended on such date, (d) the average daily principal amount of working capital Indebtedness for borrowed money of the Foreign Subsidiaries of the Company (other than the UK Borrower) outstanding during the period of 12 consecutive fiscal months ended on such date, (e) the average daily principal amount of the Supplemental Loans during the period of 12 consecutive fiscal months ended on such date and (f) without duplication, the aggregate principal amount of all other Indebtedness for borrowed money (including without limitation, the Senior Subordinated Indebtedness and Loans owing hereunder which are not described in clause (a), (b), (c), (d) or (e) of this definition) of the Company and its Subsidiaries (on a consolidated basis) outstanding as of such date. For all purposes hereof, the aggregate average daily principal amount of Indebtedness described in clauses (a), (c) and (d) of this definition shall be deemed to be $29,500,000 on each date through June 30, 1996.
Included Indebtedness at any date, the amount equal to the sum of (a) the average daily amount of Domestic Revolving Credit Exposure during the period of 12 consecutive fiscal months ended on such date, (b) the average daily principal amount of UK Revolving Credit Exposure outstanding during the period of 12 consecutive fiscal months ended on such date, (c) the average daily principal amount of working capital Indebtedness for borrowed money of the Foreign Subsidiaries of the Company (other than the UK Borrower) outstanding during the period of 12 consecutive fiscal months ended on such date, (d) the average daily principal amount of the Supplemental Loans during the period of 12 consecutive fiscal months ended on such date and (e) without duplication, the aggregate principal amount of all other Indebtedness for borrowed money (including without limitation, the Senior Subordinated Indebtedness and Loans owing hereunder which are not described in clause (a), (b), (c) or (d) of this definition) of the Company and its Subsidiaries (on a consolidated basis) outstanding as of such date. For all purposes hereof, the aggregate average daily principal amount of Indebtedness described in clauses (a), (b) and (c) of this definition shall be deemed to be $29,500,000 on each date through June 30, 1996.