Parent Debt definition

Parent Debt means any Financial Indebtedness of the Ultimate Parent or one or more of its Subsidiaries (other than a member of the Bank Group).

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Parent Debt means Financial Indebtedness owed by the Issuer to the Parent and which constitutes Parent Liabilities. “Parent Liabilities” has the meaning given to that term in the Intercreditor Agreement.

Parent Debt means (i) the $13 Million Obligation, and (ii) the $18 Million Obligation.

Examples of Parent Debt in a sentence

• There are not any bonds, debentures, notes or other indebtedness of Parent having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of Parent Common Stock may vote ("Voting Parent Debt").

• No Loan Party shall have any Indebtedness for borrowed money other than Indebtedness created by or permitted pursuant to this Agreement and the Parent Debt.

• The Administrative Agent shall have received one or more certificates from Parent, dated as of the Closing Date and signed by a senior executive officer of Parent, to the effect that (i) all guarantees made by the Borrower and any of its subsidiaries pursuant to the Parent Debt will be released upon the occurrence of the Spin-Off and (ii) the Spin-Off is permitted under the Parent Debt Documents.

• For purposes of determining the Parent Debt to Total Capitalization Ratio, only that portion of the Total Return Equity Swaps, including notional value additions, which is treated as indebtedness by A.M. Best Company will be included as Debt.

• Parent and Merger Sub agree that any information regarding the Company or any of its Subsidiaries or Affiliates contained in any presentations, offering documents, teasers or other materials in connection with the Parent Debt Financing or the Parent Spin shall be subject to the prior review of the Company, which review shall be completed promptly and in any case within three (3) Business Days of receipt thereof.

More Definitions of Parent Debt

Parent Debt means all Indebtedness pursuant to the Parent Debt Documents.

Parent Debt means all obligations of Ondas Holdings Inc., a Nevada corporation (“Parent”), under and pursuant to that certain Securities Purchase Agreement dated as of October 26, 2022 by and among Parent and each of the “Buyers” from time to time party thereto, as the same may be amended, restated, modified or supplemented from time to time in accordance with its terms.

Parent Debt means, with respect to the Parent and its Subsidiaries, at any date, without duplication, (a) all obligations of such Person for borrowed money or in respect of loans or advances (including any such obligations issued by such Person that qualify as Catastrophe Bonds described in clause (a) of the definition thereof net of any escrow established (whether directly or to secure any letter of credit issued to back such Catastrophe Bonds) in connection with such Catastrophe Bonds); (b) all obligations of such Person evidenced by bonds,

Parent Debt. ’ means Financial Indebtedness owed by the Issuer to the Parent and which constitutes Parent Liabilities.

Parent Debt means any indebtedness of any member of the Group owed to any direct or indirect shareholders of Issuer;

Parent Debt means the Debt owed to the Parent by the Borrowers and evidenced by the Parent Notes.

Parent Debt means, as of any date and without duplication, all Indebtedness of the Borrower as of such date, but excluding (to the extent included therein) (i) all Indebtedness of Subsidiaries of the Borrower and (ii) any Indebtedness that consists of deferred purchase price arising from any acquisition, but only to the extent such Indebtedness is contractually required to be paid solely in the form of common stock of the Borrower.