Indenture Limit definition

Indenture Limit means (a) the maximum amount permitted under the Borrower's public debt indentures that may be outstanding as secured obligations without requiring the Borrower to equally and ratably secure the Borrower's public debt multiplied by (b) 95% minus (c) all then outstanding secured obligations of the Borrower and its Subsidiaries (other than the Advances and the Letters of Credit) that are subject to such public debt indentures' limitations on secured obligations.
Sample 1
Indenture Limit means the maximum aggregate amount of "Permitted Indebtedness" which Borrower may incur under the terms of subparts (b) and (d) of the definition of "Permitted Indebtedness" in Section 1.1 of the Indenture. Borrower represents to Lender as of February 11, 2002 the present Indenture Limit, after taking into account Permitted Indebtedness owing to others, is $25,000,000."
Sample 1
Indenture Limit means the lesser of the amounts calculated pursuant to clause (x) and clause (y) of paragraph (1) of Section 4.09 of the Indenture.
Sample 1

Examples of Indenture Limit in a sentence

  • The Borrower shall, on each Business Day, prepay an aggregate principal amount of the Advances comprising part of the same Borrowings and deposit an amount in the L/C Cash Collateral Account in an amount equal to the amount by which the sum of the aggregate principal amount of the Advances then outstanding plus the aggregate Available Amount of all Letters of Credit then outstanding exceeds the Indenture Limit on such Business Day.

  • The definition of "Borrowing Base" in the Credit Agreement shall be amended such that in no event will the Borrowing Base exceed amount by which (a) the "Indenture Limit" exceeds (b) the then outstanding principal balance of the Additional Term Loan, where the "Indenture Limit" is a dollar amount equal to the sum of (i) 95% of the net book value of Borrower's Accounts plus (ii) 75% of Borrower's Inventory.

  • Notwithstanding Section 2.1(b) hereof to the contrary, in no event will outstanding Revolving Loans in excess of the Indenture Limit (as hereinafter defined) be available unless and until Lender is satisfied that Revolving Loans in excess of such Indenture Limit are permitted by the terms of the Indenture, such as by reason of further amendment to the Indenture or by reason of repayment/redemption by Borrower of all of the 10-1/4% Senior Notes issued thereunder.

  • Lender agrees to give Borrower prompt written notice at such time as Lender is satisfied as aforesaid that Borrower has satisfied the Special Advance Condition set forth in this Section 8.5. As used herein, "Indenture Limit" means the maximum aggregate amount of "Permitted Indebtedness" which Borrower may incur under the terms of subparts (b) and (d) of the definition of "Permitted Indebtedness" in Section 1.1 of the Indenture.


More Definitions of Indenture Limit

Indenture Limit means (a) the maximum amount of additional indebtedness secured by liens or charges that may be incurred under Section 10.6 (3) of the Indenture dated July 31, 1989, as supplemented and amended by a Supplemental Indenture dated as of December 18, 1991, by a Second Supplemental Indenture dated as of January 2, 1996 and by a Third Supplemental Indenture dated as of October 14, 1997, between Borrower and JX Xxxxxx Cxxxx Bank, as Trustee (the “Indenture”) with respect to the Borrower’s $250,000,000 8.875% Senior Notes due 2009 without requiring the Borrower to equally and ratably secure indebtedness outstanding under the 8.875% Senior Notes due 2009 minus (b) the principal amount outstanding that is due on April 12, 2006 under the Term Loan Agreement dated as of April 9, 2001 among the Borrower, the lenders named therein and Bayerische Landesbank, as Agent.
Sample 1
Indenture Limit means (a) the maximum amount of additional indebtedness secured by liens or charges that may be incurred under Section 10.6
Sample 1
Indenture Limit means (a) the maximum amount of additional indebtedness secured by liens or charges that may be incurred under Section 10.6 (3) of the Indenture dated July 31, 1989, as supplemented and amended by a Supplemental Indenture dated as of December 18, 1991, by a Second Supplemental Indenture dated as of January 2, 1996 and by a Third Supplemental Indenture dated as of October 14, 1997, between Borrower and JP Morgan Chase Bank, as Trustee (the "Indenture") with rexxxxx xx txx Xxrrower's $250,000,000 8.875% Senior Notes due 2009 without requiring the Borrower to equally and ratably secure indebtedness outstanding under the 8.875% Senior Notes due 2009 minus (b) the sum of all outstanding amounts under (i) the Indenture with respect to the Borrower's Medium Term Notes - Series B and Medium Term Notes - Series C, (ii) the Term Loan Agreement dated as of October 16, 1998 among the Borrower, the lenders named therein and Bayerische Landesbank, as Agent and (iii) the Term Loan Agreement, dated as of April 9, 2001, among Borrower, the lenders named therein and Bayerische Landesbank, New York Branch, as Administrative Agent.
Sample 1

Related to Indenture Limit

  • Indenture Estate shall have the meaning specified in the Granting Clause of the Lease Indenture.

  • Indenture Notes means the Notes.

  • obligor on the indenture securities means the Company or any other obligor on the Securities. All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by SEC rule have the meanings therein assigned to them.

  • Indenture Secured Parties means the Noteholders.

  • Base Indenture has the meaning provided in the recitals.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • other indenture securities means securities upon which the Company is an obligor (as defined in the Trust Indenture Act) outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section 613, and (iii) under which a default exists at the time of the apportionment of the funds and property held in such special account;

  • Indenture Supplement means the Amended and Restated CHASEseries Indenture Supplement, dated as of October 15, 2004, among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

  • on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Trust Indenture Estate means all estate, right, title and interest of the Indenture Trustee in and to the properties referred to in the Granting Clause of the Trust Indenture, excluding Excluded Payments.

  • Trust Indenture Act means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, "Trust Indenture Act" means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • indenture securities means the Notes.

  • Operative Indentures means, as of any date, each “Indenture” (as such term is defined in the Note Purchase Agreement), including the Indenture, whether or not any other “Indenture” shall have been entered into before or after the date of the Indenture, but only if as of such date all “Equipment Notes” (as defined in each such “Indenture”) are held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in each such “Indenture”.

  • indenture securityholder means a Securityholder.

  • Acceptable Intercreditor Agreement means the Intercreditor Agreement, a Market Intercreditor Agreement, or another intercreditor agreement that is reasonably satisfactory to the Administrative Agent (which may, if applicable, consist of a payment “waterfall”).

  • this Indenture means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated by Section 3.01.

  • Senior Subordinated Indenture means the Indenture dated as of October 15, 1997 between the Company and State Street Bank and Trust Company, as trustee, as from time to time amended, restated, supplemented or otherwise modified.

  • Senior Subordinated Note Indenture means the Indenture dated as of May 12, 2009, between the Company and U.S. Bank National Association, as trustee, in respect of the 2020 Senior Subordinated Notes and the 2023 Senior Subordinated Notes, as supplemented and amended from time to time.

  • Second Lien Indenture has the meaning set forth in the recitals.

  • Senior Note Indentures means, collectively, the Senior Note (2020) Indenture, the Senior Note (2021) Indenture, the Senior Note (2022) Indenture and the Senior Note (2023) Indenture.

  • Indenture Trustee Fee means an annual fee equal to $5,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Note Indenture means the Note Indenture dated as of May 17, 2001, between the Note Issuer and the Note Trustee, as the same may be amended and supplemented from time to time.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Indenture means this Indenture, as amended or supplemented from time to time.

  • Bond Indenture means, for any series of Bonds, the indenture pursuant to which such Bonds are issued and any supplement thereto relating to such Bonds.