Original Debt definition

Original Debt has the meaning set forth in the definition of “Refinancing Debt”.

Original Debt means all Indebtedness (as defined in Section 1(l) hereof) the aggregate scheduled annual debt service for which in any year does not exceed that set forth on Schedule I hereto. Without limiting the foregoing, "Original Debt" shall include Indebtedness

Original Debt has the meaning given to that term in Section 7.01(b)(i)(B) (Conversion Procedure);

Examples of Original Debt in a sentence

• To the extent of any payment so made, the Original Debt shall be treated as if it had not been discharged.

• The Collateral Agent shall have the right to assign its interest in this Consent to any person or entity to whom the Original Debt is transferred, provided such transferee assumes the obligations of the Borrower (or the Collateral Agent, as the case may be) under this Consent.

• This provision is not intended to apply to consensual restructurings of Original Debt due to non-payment of Original Debt that results in an accrual of past due scheduled annual debt service, and is not intended to require the Collateral Agent or the Secured Parties to exercise remedies.

• As part of the Original Debt Agreement, the Lenders funded $15.0 million in the form of convertible indebtedness, or Convertible Debt, at closing.

• If the New Owner elects to assume the Contracts, the term of each Contract shall be deemed to be extended by the term of the Limited Standstill Period if, at the end of such Contract's term, any Original Debt is outstanding.

More Definitions of Original Debt

Original Debt means the debt owed under the relevant RMB Financing prior to any repayment by a person other than the relevant debtor (whether borrowers, pledgors, chargors and/or guarantors) and “replacement debt” means the debt that existed on or after the aforementioned repayment.

Original Debt shall include Indebtedness outstanding from time to time under the Working Capital Facility complying with clause (b) of Section 1(l)

Original Debt means all Indebtedness (as defined in Section 1(l) hereof) the aggregate scheduled annual debt service for which in any year does not exceed that set forth on Schedule I hereto. Without limiting the foregoing, "Original Debt" shall include Indebtedness outstanding from time to time under the Working Capital Facility complying with clause (b) of Section (l) hereof, provided that the limitations contained in the preceding sentence regarding scheduled annual debt service on Original Debt not exceeding the amount set forth on Schedule I hereto shall be determined without regard to principal payments under the Working Capital Facility. For purposes hereof, "debt service" means payments of principal, interest and other payments, costs, fees and expenses under any Indebtedness. Nothing in this Section 1(b) shall be deemed to limit or restrict any of the other rights and remedies available to the Collateral Agent under the Financing Documents (subject to the other terms and provisions hereof) and no provision of any of the Financing Documents shall be deemed to limit or restrict any of the other rights and remedies of the Consenting Party hereunder (subject to the other terms and provisions hereof). Notwithstanding any provision to the contrary set forth herein, the failure to exercise any Mill Owner Step-In Rights shall not act as a waiver or release of such Mill Owner Step-In Rights and the termination of the exercise of any Mill Owner Step-In Rights shall not act as a waiver or release of any other Mill Owner Step-In Rights that may arise after such termination; provided that no provision in this Consent shall be deemed to permit the Mill Owners, upon termination of Mill Owner Step-In Rights with respect to any Energy Complex Triggering Event, to elect to exercise Mill Owner Step-In Rights with respect to any Energy Complex Triggering Event that was in existence and of which the Mill Owners were aware at the time of such termination, or otherwise to increase the availability or scope of Mill Owner Step-In Rights beyond that specified in the Master Operating Agreement and the other Contracts.

Original Debt shall have the meaning ascribed to such term in Recital First of this Agreement.

Original Debt. Note Date: June 30, 2014 Note Amount: $29,600.00 Interest Rate: No interest charged on mortgage. Monthly Principal Payment: $123.33 Maturity Date: June 1, 2034 Payment Due Date: 1st of each month Property Common Address: 000 Xxxx Xxxxxx Xxxxxxxx Xxxxxxx, XX 00000 DEFINITIONS:

Original Debt. The Class A Notes, the Class A-F Notes, the Class A Loans and the Class B Notes issued on the Closing Date, collectively.

Original Debt means the debt due and owing from the Account Holder to the Bank under the Original Agreement.