Liability Management Transactions definition

Liability Management Transactions means the series of transactions described on Schedule 1.01(g) hereto.

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Liability Management Transactions means (A) redemption in full of the following debt issues: (i) ADESA Corporation 7.7% Senior Notes, Series A, due 2006 and (ii) ADESA Corporation 8.10% Senior Notes, Series B, Due 2010, (B) repayment in full of the following debt issues: (i) a note payable in the amount of $45 million relating to the Company’s used vehicle auction facility locate in Tracy, California, (ii) a note payable in the amount of $28.4 million relating to the Company’s used vehicle auction facilities located in Boston, Massachusetts, Charlotte, North Carolina and Knoxville, Tennessee and (iii) a note payable to Interstate Auto Auction in the amount of $1.8 million; (C) consents relating to the following documents: (i) Master Lease Agreement, dated December 4, 2001, between LaSalle National Leasing Corporation and ADESA Corporation, (ii) Revolving Credit Agreement, dated January 19, 2001, between Automotive Recovery Services, Inc. and Fleet National Bank, (iii) Amended and Restated Credit Agreement, dated as of July 25, 2003, between ADESA Corporation and Bank One, N.A., and (iv) Revolving Loan Agreement, dated as of November 14, 2000, by and between A&H, LLC and Suntrust Bank; and (D) refinancing of the Automotive Finance Corporation Receivables Facility.

Liability Management Transactions means a transaction or series of transactions whereby the Company will repay, repurchase, retire or otherwise reduce the indebtedness or other liabilities of the Company, including any expenses or out of pocket costs in connection therewith. “Available Liquidity” shall mean, as of such date, the sum of (i) all amounts available to be borrowed by the Company and its Subsidiaries under any of their respective credit facilities (including, but not limited to, revolver facilities and lines of credit) and (ii) all unrestricted cash and cash equivalents of the Company and its Subsidiaries. The Closing Date Dividend shall only be made to the Person (as defined below) or Persons who hold Common Stock prior to the Closing and not to the Investor.

Examples of Liability Management Transactions in a sentence

Notwithstanding the foregoing, the effectiveness of any proposed amendments to the Impax Indenture contemplated by the Impax Liability Management Transactions hall be conditioned upon the occurrence of the Closing and any proposed amendments to the Impax Indenture contemplated by the Impax Liability Management Transaction shall revert to the form in effect prior to the effectiveness of any proposed amendments and be of no further effect if this Agreement is terminated pursuant to Article VIII.
The consummation of the Liability Management Transactions (as described on Schedule 1.1(i) attached hereto) on or after the Effective Date shall be subject to receipt by the Agent of such additional Loan Documents, certificates, legal opinions and other documents as required by the Credit Agreement as amended hereby and as the Agent otherwise may reasonably request.
In addition, the Company is required to use reasonable best efforts to cause the Trustee to agree to proceed with one or more Liability Management Transactions on notice of at least 30 days, but not more than 60 days, before the applicable repurchase and/or redemption date or such other reasonable time.
The proceeds of the Loans will be used only for general corporate purposes not prohibited by the Credit Agreement and other Loan Documents, including, without limitation, for Liability Management Transactions, Acquisitions, payment of transaction fees, costs and expenses, capital expenditures, Investments, satisfying lease obligations and any other purpose not prohibited by the terms hereof.
The consummation of the Liability Management Transactions (as described on Schedule 1.01(g) attached hereto) on or after the Effective Date shall be subject to the receipt by the Administrative Agent and the Collateral Agent of such additional Loan Documents, certificates, legal opinions and other documents as required by the Credit Agreement as amended hereby and as the Senior Managing Agents otherwise may reasonably request.
The provision of this Section 10.19 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party., including with respect to the Specified Liability Management Transactions that are released pursuant to Section 10.25.

More Definitions of Liability Management Transactions

Liability Management Transactions means (A) redemption in full of the following debt issues: (i) ADESA Corporation 7.7% Senior Notes, Series A, due 2006, and (ii) ADESA Corporation 8.10% Senior Notes, Series B, Due 2010; (B) repayment in full of the following: (i) a note payable in the amount of $45 million relating to the Company’s used vehicle auction facility located in Tracy, California, (ii) a note payable in the amount of $28.4 million relating to the Company’s used vehicle auction facilities located in Boston, Massachusetts, Charlotte, North Carolina and Knoxville, Tennessee, (iii) a note payable to Interstate Auto Auction in the amount of $1.8 million; and (iv) all amounts outstanding under the Amended and Restated Credit Agreement, dated of July 25, 2003, between ADESA Corporation and Bank One, N.A.; (C) consents relating to the Revolving Credit Agreement, dated March 22, 2001, between Automotive Recovery Services, Inc. and Fleet National Bank; (D) amendment of the Receivables Purchase Agreement; and (E) termination of the guaranty by ALLETE, Inc. of the Master Lease Agreement, dated December 4, 2001, between LaSalle National Leasing Corporation and ADESA Corporation.

Liability Management Transactions will be defined as any refinancing, retirement, exchange, extension, amendment, repurchase, replacement, or defeasance of any existing Indebtedness of the Borrower or any Subsidiary (including the Revolving Loans and the Term Loans) with any other Indebtedness, equity or quasi-equity (or the proceeds of any other Indebtedness, equity or quasi-equity) that is/are contractually, structurally or temporally senior (including as to lien priority with respect to any collateral, or by means of additional collateral or additional guarantors, obligors or other credit support) to any of the Revolving Loans and the Term Loans (including, for the avoidance of doubt, through any incurrence of Indebtedness, equity or quasi-equity by a Person that is not a Loan Party, whether or not such Person owns any assets or property).

Liability Management Transactions means the series of transactions described on Schedule 1.01(g) hereto. and by adding at the end of the definition of "Subsidiary" the parenthetical phrase "(including SCC RMMI and SCC AMMI)".

Liability Management Transactions means the series of transactions described on SCHEDULE 1.01(g) hereto.

Liability Management Transactions means the series of transactions described on Schedule 1.1(i) hereto. The Definitional Appendix is further amended by adding thereto a new penultimate paragraph to read as follows: