Other Secured Indebtedness definition

Other Secured Indebtedness means, as at any date, Indebtedness (other than Indebtedness hereunder) of an Obligor (which may be Guaranteed by one (1) or more other Obligors) that:

Other Secured Indebtedness shall not include any indebtedness arising under any Hedging Agreement.

Other Secured Indebtedness means, as at any date, Indebtedness (other than Indebtedness hereunder) of an Obligor (which may be Guaranteed by one or more other Obligors) that (i) (a) has no amortization prior to (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum, provided that amortization in excess of 1% per annum shall be permitted so long as the amount of such amortization in excess of 1% is permitted to be incurred pursuant to Section 6.01(g) hereof, and, in the case of any term loan, other than for any customary mandatory prepayment required by the terms thereof, it being understood that if any mandatory prepayment is required under such Other Secured Indebtedness constituting a term loan that is not required pursuant to Section 2.09(c) hereof, the Borrower shall offer to repay Loans (and/or provide cover for LC Exposure as specified in Section 2.04(k)) in an amount at least equal to the aggregate Revolving Credit Exposure’s ratable share (such ratable share being determined based on the outstanding principal amount of the Revolving Credit Exposures as compared to the Other Secured Indebtedness being paid), provided the Borrower shall only be required to make an offer to repay the Loans (or provide cover for LC Exposure) to the extent of any amounts that the Borrower would not be permitted to borrow as a new Loan hereunder at such time), and has a final maturity date not earlier than, six months after the Maturity Date, (b) has terms substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as determined by the Borrower in good faith and (c) is not secured by any assets of any Obligor other than pursuant to the Security Documents and the holders of which have agreed, in a manner satisfactory to the Administrative Agent and the Collateral Agent, to be bound by the provisions of the Security Documents, or (ii) is permitted pursuant to Section 6.01(g) hereof and that has been designated by the Borrower as “Designated Indebtedness” in accordance with the requirements of Section 6.01 of the Guaranty and Security Agreement.

Examples of Other Secured Indebtedness in a sentence

• Pursuant to Section 6.01 of the Guarantee and Security Agreement, the Borrower hereby designates the following Other Secured Indebtedness as “Designated Indebtedness” under the Guarantee and Security Agreement: [Complete as appropriate] CORPORATE CAPITAL TRUST, INC.

• This Note shall evidence the Secured Indebtedness, and the Deed of Trust and the Other Deed of Trust shall both secure each of the Secured Indebtedness and the Other Secured Indebtedness (as defined in the Deed of Trust).

• Except with respect to the Other Secured Indebtedness (as defined in the Note), the issuance of the Securities to the Buyer will not be integrated with any other issuance of the Company’s securities (past, current or future) for purposes of any shareholder approval provisions applicable to the Company or its securities, including but not limited to any applicable shareholder approval provisions of the Principal Market.

• For the avoidance of doubt, Other Secured Indebtedness shall also include any refinancing, refunding, renewal or extension of any Other Secured Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition.

• The Company represents and warrants that there are no security interests in, or liens on, the Company’s assets as of the date of this Agreement except as created in favor of the Buyer pursuant to the Security Agreement other than with respect to the Specified Secured Indebtedness, the Other Secured Indebtedness, and as otherwise set forth on Schedule 3(g) to this Agreement.

More Definitions of Other Secured Indebtedness

Other Secured Indebtedness means Secured Longer-Term Indebtedness.

Other Secured Indebtedness means Secured Longer-Term Indebtedness (or any Indebtedness that constituted Secured Longer-Term Indebtedness at the time it was designated as Designated Indebtedness under the Guaranty and Security Agreement).

Other Secured Indebtedness means, as at any date, Indebtedness (other than Indebtedness hereunder) of an Obligor (which may be Guaranteed by one or more other Obligors) that (a) has no amortization prior to, and a final maturity date not earlier than, six months after the Maturity Date, (b) has terms substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as determined by the Borrower in good faith and (c) is not secured by any assets of any Obligor other than pursuant to the Security Documents and the holders of which have agreed, in a manner satisfactory to the Administrative Agent and the Collateral Agent, to be bound by the provisions of the Security Documents.

Other Secured Indebtedness means any Indebtedness that would otherwise constitute Secured Longer-Term Indebtedness except that such Indebtedness is secured by assets that do not constitute Collateral.

Other Secured Indebtedness means Longer-Term Secured Indebtedness.

Other Secured Indebtedness shall not include any indebtedness arising under any Hedging Agreement, Credit Default Swap or Capital Call Facility.

Other Secured Indebtedness means “Secured Longer-Term Indebtedness” under and as defined in the Credit Agreement.