Indebtedness Payment definition

Indebtedness Payment means the amount of cash delivered by TRGP to Parent pursuant to Section 7.21(a) of the Merger Agreement in respect of the repayment of a portion of Parent’s outstanding indebtedness under the Parent Credit Agreements.

Indebtedness Payment shall have the meaning set forth in Section 2.2(d)(i) hereof.

Indebtedness Payment means the Indebtedness Amount minus (A) the amount of the Loans (within the meaning of the Loan Documents) under the Domestic Loan Agreement (within the meaning of the Loan Documents) and the EXIM Loan Agreement (within the meaning of the Loan Documents) outstanding as of the Closing Date and (B) the Note Amount.

Examples of Indebtedness Payment in a sentence

• If Employee declines to sign this agreement or revokes it within 7 days of his execution, this Agreement shall be null and void, and Employee shall return the Indebtedness Payment to the Company if and to the extent paid to Employee prior to such date.

• Except for the Indebtedness Payment, Employee acknowledges and represents that the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee through the Separation Date.

• This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the Senior Indebtedness Payment Date shall have occurred.

• After the Senior Indebtedness Payment Date and until the Subordinated Indebtedness is paid in full, the Subordinated Holders shall be subrogated to the rights of holders of Senior Indebtedness to receive distributions applicable to Senior Indebtedness to the extent that distributions otherwise payable to the Subordinated Holders have been applied to payment of Senior Indebtedness.

• The Parties acknowledge and agree that upon receipt of the fully executed counterparts of this Agreement and receipt by Employee of the Indebtedness Payment (described below), the obligations under the Employment Agreement, the RSU Award Agreement, or any other agreement that may exist between the Parties shall terminate and be of no further force or effect.

More Definitions of Indebtedness Payment

Indebtedness Payment means an amount equal to, as of the Closing Date, the then outstanding principal of, and accrued and unpaid interest on, and any premiums, prepayment fees and penalties due upon prepayment and full satisfaction of, all bank or other third party indebtedness for borrowed money or capital leases of the Company and its subsidiaries, including without limitation indebtedness under any bank credit agreement and any other related agreements but not including any indebtedness (A) of up to Fifty Two Thousand Six Hundred Forty Two Dollars ($52,642) owed by the Company as a mortgage on the Real Property, (B) of up to Nine Thousand Five Hundred Twenty Three Dollars ($9,523) of capital lease obligations, (C) to trade creditors in the Ordinary Course of Business, or (D) to Employees for unreimbursed business expenses in the Ordinary Course of Business.

Indebtedness Payment means an amount equal to, as of -------------------- the Closing Date, the then outstanding principal of, accrued and unpaid interest on, any prepayment penalties or premiums on, and any other amounts payable (including any success fee) with respect to, (A) all indebtedness of CII and the Subsidiaries under the BOA Loan Agreement (the "Bank ---- Indebtedness Payment"), (B) all indebtedness of CII and the Subsidiaries -------------------- under the Subordinated Notes (the "Subordinated Notes Indebtedness ------------------------------- Payment") and (C) all indebtedness of CII and the Subsidiaries under the -------- Predecessor Subordinated Notes (the "Predecessor Subordinated Notes ------------------------------ Indebtedness Payment"). The Indebtedness Payment shall exclude any -------------------- indebtedness relating to the Recapitalization and any other transactions related thereto.

Indebtedness Payment has the meaning set forth in Section 1.2(a).

Indebtedness Payment means an amount equal to, as of the Closing Date, the then outstanding principal of, and accrued and unpaid interest on, and any premiums, prepayment fees and penalties due upon prepayment and full satisfaction of, all bank or other third party indebtedness for borrowed money of the Company, including without limitation indebtedness under any bank credit agreement, any capital lease and any other related agreements but not including any indebtedness to trade creditors, or indebtedness to employees for unreimbursed business expenses in the Ordinary Course of Business. Indebtedness Payments (including the creditors names and the amount of indebtedness outstanding) are listed in Schedule 2.5(b).

Indebtedness Payment means an amount equal to, as of the Closing Date, the then outstanding principal of, accrued and unpaid interest on, any prepayment penalties or premiums on, and any other amounts payable with respect to, (A) all indebtedness of the Company and the Subsidiaries under the Credit Agreement, dated as of November 30, 1994, among the Company, The Thomxxxx Xxxwax Company, Chase Manhattan Bank ("Chase"), as agent, and the financial institutions party thereto, as amended (the "Credit Agreement"), but not including any undrawn amounts under outstanding letters of credit (the "Bank Indebtedness Payment"), and (B) all indebtedness of the Company and the Subsidiaries under the Subordinated Debentures (the "Subordinated Debentures") issued by the Company and held by the limited partners of MBO-V (the "Debenture Indebtedness Payment").

Indebtedness Payment means an amount equal to, as of the Closing Date, the then outstanding principal of, accrued and unpaid interest on, any prepayment penalties or premiums on, and any other amounts payable (including any success fee) with respect to, (A) all indebtedness of Four Star under that certain loan and security agreement (the "Loan Agreement") with Bank of America Illinois ("Bank of America"), dated as of September 8, 1995, as amended (the "Bank Indebtedness Payment"), (B) all indebtedness of the Company under certain subordinated notes (the "Subordinated Notes") held by Four Star Associates, L.P. and Stonebridge Partners Equity Fund, L.P. (the "Subordinated Notes Indebtedness Payment"), and (C) the redemption value of the cumulative redeemable preferred stock, par value $.01, of the Company (the "Preferred Stock") plus accrued but unpaid dividends thereon (the " Preferred Stock Indebtedness Payment").

Indebtedness Payment means an amount equal to, as of the Closing Date, the outstanding principal of, accrued and unpaid interest on, any prepayment penalties or premiums on, and any other amounts payable with respect to, all indebtedness of Safelite and its subsidiaries under the Credit Agreement, dated as of August 11, 1994, among Chase, as agent, and the financial institutions party thereto, as amended (the "Credit Agreement"), but not including any undrawn amounts under outstanding letters of credit. Immediately after the Effective Time, the Surviving Corporation shall pay to Chase (for the benefit of the financial institutions party to the Credit Agreement), by wire transfer of immediately available funds, an amount in cash equal to the Indebtedness Payment.