Permitted Company Debt definition

Permitted Company Debt means the Company’s capital lease obligations.
Sample 1Sample 2
Permitted Company Debt means any Debt that the Company or its Subsidiaries would be permitted to incur, create, assume or suffer to exist pursuant to Section 9.02(b) or Section 9.02(e) of the Credit Facility as in effect on the date hereof.
Sample 1
Permitted Company Debt means, in respect of TAH and the TLR Entities, as applicable, (a) Debt under the existing Deutsche Bank 2013 Facility and the Morgan Stanley Facility, provided that, in each case, such Debt continues to be non-recourse; (b) Debt under the TLR Loan Facilities, provided that such Debt continues to be non-recourse; (c) Debt in respect of Non-Recourse Arrangements; (d) Debt in respect of (i) purchase money Liens on specific fixed assets (including Capital Leases) and (ii) trade accounts payables arising in the ordinary course of business to the extent included in Debt, in an aggregate amount for clauses (i) and (ii) not to exceed Cdn$[DELETION] [Amount deleted for confidentiality reasons] at any time; (e) intercompany Debt among the Borrower and/or any Guarantor and TAH and the TLR Entities, respectively, provided that such intercompany Debt is unsecured and subordinated to the Obligations; and (f) for greater certainty, any Securitization Arrangement.
Sample 1

Examples of Permitted Company Debt in a sentence

  • Parent or the Surviving Corporation shall pay all Permitted Company Debt that is due and payable as of Closing within five (5) days of the Closing Date.

  • All Company Debt, other than Permitted Company Debt, will be extinguished by the Company prior to Closing.

  • Other than the Permitted Company Debt, all outstanding debts and obligations, whether current or long term, of the Company will be extinguished immediately prior to the Closing.

  • The Company shall not make any principal payments on, purchase, defease, redeem, prepay or otherwise acquire or retire for value, any Excluded Company Debt other than Permitted Company Debt prior to the repurchase of the Notes.


More Definitions of Permitted Company Debt

Permitted Company Debt means, in respect of TAH: (a) Debt under the existing Deutsche Bank 2013 Facility and the Xxxxxx Xxxxxxx Facility, provided that, in each case, such Debt continues to be non-recourse; (
Sample 1
Permitted Company Debt means all of the Indebtedness of East and its Subsidiaries outstanding immediately prior to the Merger Effective Time, together with all re-financings and replacements thereof, and all working capital and fixed asset Indebtedness incurred to fund or support the operations and capital expenditures of the Company Accounting Group, which Indebtedness may be provided by the Parent or any of its Subsidiaries or incurred under credit facilities or other arrangements of Parent or any of its Subsidiaries and allocated to the Company and/or its Subsidiaries, provided, that, in no event shall Permitted Company Debt include Indebtedness incurred by Parent or any of its Subsidiaries to fund the payment of merger consideration payable in the Merger under the Merger Agreement in respect of the East Common Stock.
Sample 1
Permitted Company Debt means: (a) Indebtedness of the Company pursuant to one or more Credit Facilities; (b) guarantees by the Company of the Indebtedness of any of its Restricted Subsidiaries, PROVIDED that the Indebtedness of such Restricted Subsidiaries is permitted to be incurred under the Indenture; (c) Indebtedness of the Company under which the Company becomes the primary obligor following a default upon any of the preceding Indebtedness of any of its Restricted Subsidiaries that the Company guaranteed in compliance with clause (b); (d) Non-Permanent Indebtedness incurred by the Company in connection with the acquisition of any business, Person or assets; or (e) Indebtedness incurred pursuant to clause (xvii) of the definition of "Permitted Indebtedness" to the extent such payments are permitted by Section 4.07 hereof.
Sample 1
Permitted Company Debt shall have the meaning set forth in Section 6.4 of this Agreement.
Sample 1
Permitted Company Debt means, in respect of TAH and the TLR Entities, as applicable, (a) Debt under the existing Deutsche Bank 2013 Facility and the Xxxxxx Xxxxxxx Facility, provided that, in each case, such Debt continues to be non-recourse; (b) Debt under the TLR Loan Facilities, provided that such Debt continues to be non-recourse; (c) Debt in respect of Non-Recourse Arrangements; (d) Debt in respect of (i) purchase money Liens on specific fixed assets (including Capital Leases) and (ii) trade accounts payables arising in the ordinary course of business to the extent included in Debt, in an aggregate amount for clauses (i) and (ii) not to exceed Cdn$[DELETION] [Amount deleted for confidentiality reasons] at any time; (e) intercompany Debt among the Borrower and/or any Guarantor and TAH and the TLR Entities, respectively, provided that such intercompany Debt is unsecured and subordinated to the Obligations; and (f) for greater certainty, any Securitization Arrangement.
Sample 1

Related to Permitted Company Debt

  • Company Debt shall have the meaning set forth in Section 6.13.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.

  • Intercompany Debt has the meaning specified in Section 7.02(d).

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Permitted Group means any group of Persons that is deemed to be a “person” (as that term is used in Section 13(d)(3) of the Exchange Act) and which group includes a Permitted Holder; provided that no single Person (together with its Affiliates) beneficially owns more of the Voting Stock of the Company that is beneficially owned by such group of Persons than is then collectively beneficially owned by the Permitted Holders in the aggregate.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Debt means any Financial Indebtedness:

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Short-Term Indebtedness means Utility Indebtedness having an original maturity less than or equal to one year from the date of original incurrence thereof, and not renewable or extendible at the option of the obligor thereon for a term greater than one year beyond the date of original issuance.

  • Permitted Prior Working Capital Lien means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior facility is not greater than 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Advisor (so long as it has the necessary delegated authority) or the Borrower’s board of directors (or the appropriate committee thereof with the necessary delegated authority) in a commercially reasonable manner, including the use of an Approved Third-Party Appraiser in the case of Unquoted Investments).

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person or division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with cash consideration in excess of $50,000,000, the Borrower shall be in Pro Forma Compliance immediately after giving effect to such acquisition or investment and any related transaction; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests of persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed the greater of (x) $150,000,000 and (y) 0.05 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 3.15 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Excluded Debt , in relation to a debtor, means any:

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • permitted client means any of the following:

  • Company Indebtedness means the Indebtedness of the Company.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Permitted Affiliate Transactions means the following:

  • Permitted Convertible Indebtedness means senior, unsecured Indebtedness of the Borrower or any Restricted Subsidiary that is convertible into shares of common stock of the Borrower (or other securities or property following a merger event, reclassification or other change of the common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such other securities or property), and cash in lieu of fractional shares of common stock of the Borrower.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).