Initial Pledged Debt definition

Initial Pledged Debt has the meaning specified in the Security Agreement.

Initial Pledged Debt means Debt in existence on the Petition Date which is evidenced by a promissory note payable to a Loan Party by a third party with a principal face amount in excess of $100,000 as listed opposite such Loan Party’s name on and as otherwise described in Schedule V hereto.

Initial Pledged Debt has the meaning assigned to such term in the preamble hereto.

Examples of Initial Pledged Debt in a sentence

• The Initial Pledged Debt constitutes all of the outstanding indebtedness owed to such Grantor by the issuers thereof and is outstanding in the principal amount indicated on Schedule II hereto.

• The Initial Pledged Debt constitutes all of the outstanding indebtedness owed to such Grantor by the issuers thereof and is outstanding in the principal amount indicated on Schedule I hereto.

• The Initial Pledged Debt constitutes all of the outstanding indebtedness owed to such Grantor by the issuers thereof and is outstanding, as of the date hereof, in the principal amount indicated on Schedule I hereto as of the date hereof.

• The Initial Pledged Debt constitutes all of the outstanding Debt for Borrowed Money owed to such Grantor by the issuers thereof.

• The Initial Pledged Debt constitutes all of the outstanding indebtedness owed to such Obligor by the issuers thereof that is evidenced by instruments on the date hereof and is outstanding in the principal amount indicated on Annex II hereto.

More Definitions of Initial Pledged Debt

Initial Pledged Debt means the indebtedness described in Part II of Schedule II hereto.

Initial Pledged Debt means the indebtedness set forth opposite such Grantor’s name on and as otherwise described in Part II of Schedule I to this Agreement and issued by the obligors named therein.

Initial Pledged Debt has the meaning set forth in Recital (3) of this Agreement.

Initial Pledged Debt shall have the meaning assigned to such term in Section 9(g).

Initial Pledged Debt means all indebtedness for borrowed money owed to each Grantor and set forth opposite such Grantor's name on and as otherwise described in Schedule 2.07(b).

Initial Pledged Debt means the indebtedness of each Issuer beneficially owned by any Securing Party on the date hereof, including the indebtedness identified in Annex 2 (Part A).

Initial Pledged Debt has the meaning assigned to such term in the recitals.