Permitted Debt definition

Permitted Debt means any Financial Indebtedness:
Permitted Debt has the meaning specified in Section 7.01.
Permitted Debt means the following:

Examples of Permitted Debt in a sentence

  • The Borrower and each Guarantor will not enter into any financing transactions that would result in Debt other than Permitted Debt, unless such financing transaction is in connection with a debt financing contemplated in Section 8.2(g), and amendment, modification or extension of debt set forth on Schedule 8.2 which does not result in a material adverse effect upon the Collateral or the Lenders, or a merger or acquisition by the Borrower or a Guarantors and such Borrower or Guarantor survives such merger.


More Definitions of Permitted Debt

Permitted Debt has the meaning assigned to such term in Section 4.06.
Permitted Debt has the meaning set forth in Section 6.1.
Permitted Debt has the meaning set forth in Section 4.09(b).
Permitted Debt shall have the meaning assigned to such term in Section 6.01(b).
Permitted Debt means: (a) Debt of any Subsidiary to any Group Member; (b) any Debt incurred pursuant to Sale and Leaseback Transactions permitted under Section 7.03; (c) Debt of any Subsidiary as an account party in respect of trade letters of credit, to the extent that such letters of credit are not drawn upon; (d) Debt of any Person existing at the time such Person becomes a Subsidiary; provided that such Debt was not created in anticipation of such Person becoming a Subsidiary; (e) Debt secured by any Lien permitted pursuant to Section 7.02(b) or 7.02(q); (f) Debt consisting of guarantees of loans made to officers, directors or employees of any Subsidiary; (g) unsecured trade accounts payable and other unsecured current Debt incurred in the ordinary course of business and not more than 120 days past due (but excluding any Debt for borrowed money); (h) any Permitted Receivables Securitization; (i) Debt with respect to surety, appeal and performance bonds obtained by any Subsidiary in the ordinary course of business; (j) Debt owed in respect of any netting services, overdrafts and related liabilities arising from treasury, depository and cash management services or in connection with any automated clearing-house transfers of funds; (k) Debt incurred at a Japanese subsidiary of the Borrower in an aggregate principal amount (together with any replacements, renewals, refinancings or extensions thereof pursuant to clause (l) below) not to exceed $300,000,000 (or the equivalent thereof in Japanese Yen); and (l) any replacement, renewal, refinancing or extension of any Debt referenced in clause (d) or (k) above that does not exceed the aggregate principal amount (plus associated fees and expenses) of the Debt being replaced, renewed, refinanced or extended (except that accrued and unpaid interest not delinquent in accordance with its terms may be part of any refinancing pursuant to this clause).
Permitted Debt as defined in Section 6.2(b).
Permitted Debt means: