Outside Debt definition

Outside Debt means (i) Indebtedness that does not constitute Qualified Intercompany Debt and is incurred or assumed by an Outside Company in connection with the Acquisition of such Outside Company pursuant to a Permitted Ineligible Acquisition and (ii) any Indebtedness incurred by an Outside Company subsequent to the Acquisition of such Outside Company pursuant to a Permitted Ineligible Acquisition (or, as applicable, subsequent to such Outside Company having been reclassified as such in connection with the consummation of a transaction of the type described in Section 7.05(b)).

Outside Debt means all Debt other than Loans and Real Property Debt.

Outside Debt means all Debt other than Loans and Real Property

Examples of Outside Debt in a sentence

• Borrower acknowledges that any amount outstanding under the Credit Line Note is included within the definition of "Debt" and "Outside Debt" under the Agreement.

• In connection with such Restructuring, Pioneer USA shall guarantee the repayment of the Outside Debt being assumed by Borrower.

• No later than 30 days after the Effective Date, Borrower shall cause the Outside Debt to be assumed by Borrower through a Restructuring.

• As used herein, "Restructuring" shall mean the formation of one or more wholly-owned Subsidiaries of Borrower and/or Pioneer USA and the occurrence of one or more mergers, to take place on a single day, among Borrower, Pioneer USA and any such Subsidiaries, in each case as determined by Borrower to be appropriate to bring about the assumption, by merger, of the Outside Debt from Pioneer USA to Borrower as contemplated by this Section.

• In the event that the Agent is unable to fully resolve the GTII Debt and obtain releases by the Outside Debt Date, and the Pro Forma Company assumes any remaining GTII Debt, GTII or its Agent shall return a number of Series C shares to the Pro Forma Company treasury equal to the value of any remaining and unresolved GTII Debt.

• Borrower acknowledges that any amount outstanding under the Note is included within the definition of "Debt" and "Outside Debt" under the Agreement, and is therefore subject to, among other things, the limitations of Section 8.5(c) of the Agreement.

More Definitions of Outside Debt

Outside Debt means (i) Pioneer USA's $150,000,000 8 7/8% Senior Notes due 2005 which obligations thereunder will be transferred to Borrower pursuant to the Restructuring, (ii) Pioneer USA's $150,000,000 8 1/4% Senior Notes due 2007 which obligations thereunder will be transferred to Borrower pursuant to the Restructuring, (iii) Mesa's 10 5/8% Senior Subordinated Notes due 2006 which obligations thereunder will be transferred to Borrower pursuant to the Restructuring, and (iv) Mesa's 11 5/8% Senior Subordinated Discount Notes due 2006 which obligations thereunder will be transferred to Borrower pursuant to the Restructuring..

Outside Debt means all Debt other than Loans and Real Property Debt. "PBGC" means the Pension Benefit Guaranty Corporation.

Outside Debt means (i) Indebtedness that does not constitute Qualified Intercompany Debt and is incurred or assumed by an Outside Company in connection with the Acquisition of such Outside Company pursuant to a Permitted Ineligible Acquisition and (ii) any Indebtedness incurred by an Outside Company subsequent to the Acquisition of such Outside Company pursuant to a Permitted Ineligible Acquisition (or, as applicable, subsequent to such Outside Company having been reclassified as such in connection with the consummation of a transaction of the type described in Section 7.05(b).