Permitted Debt Exchange shall have the meaning provided in Section 2.15(a).
Permitted Debt Exchange has the meaning specified in Section 2.20(a).
Permitted Debt Exchange as defined in Subsection 2.9(a).
Examples of Permitted Debt Exchange in a sentence
All other projects in the pre-2012/13 programme have successfully been completed.
The Borrower shall provide the final results of such Permitted Debt Exchange to the Administrative Agent no later than three (3) Business Days prior to the proposed date of effectiveness for such Permitted Debt Exchange (or such shorter period agreed to by the Administrative Agent in its sole discretion) and the Administrative Agent shall be entitled to conclusively rely on such results.
The Administrative Agent and the Lenders hereby acknowledge and agree that the provisions of Sections 2.05, 2.06 and 2.13 do not apply to the Permitted Debt Exchange and the other transactions contemplated by this Section 2.17 and hereby agree not to assert any Default or Event of Default in connection with the implementation of any such Permitted Debt Exchange or any other transaction contemplated by this Section 2.17.
Notwithstanding anything to the contrary herein, no Lender shall have any obligation to agree to have any of its Loans exchanged pursuant to any Permitted Debt Exchange Offer.
Be it resolved that the Planning and Community Development Committee minutes dated July 20th, 2004, be adopted as circulated.
More Definitions of Permitted Debt Exchange
Permitted Debt Exchange shall have the meaning provided in Section 2.15(a). “Permitted Debt Exchange Notes” shall have the meaning provided in Section 2.15(a). “Permitted Debt Exchange Offer” shall have the meaning provided in Section 2.15(a).
Permitted Debt Exchange has the meaning specified in Section 2.16(a). “Permitted Debt Exchange Notes” has the meaning specified in Section 2.16(a). “Permitted Debt Exchange Offer” has the meaning specified in Section 2.16(a). “Permitted Equity Issuance” means any sale or issuance of any Qualified Equity Interests of Holdings or any direct or indirect parent of Holdings, in each case to the extent permitted hereunder. “Permitted Holder” means any of the Investors. “Permitted Indebtedness” means: (1) the incurrence of Indebtedness pursuant to the ABL Facility by Holdings or any Restricted Subsidiary and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the undrawn face amount thereof); provided that the aggregate principal amount of such Indebtedness outstanding pursuant to this clause (1) without duplication, does not exceed an amount equal to the sum of (i) greater of (x) $575,000,000 and (y) the Borrowing Base at the time of incurrence thereof at the time such debt is incurred plus (ii) the Unrestricted ABL Incremental Amount; (2) the incurrence of Indebtedness pursuant to the Loan Documents; (3) [reserved]; (4) Indebtedness of Holdings and the Restricted Subsidiaries in existence on the Closing Date and set forth on Schedule 7.03; (5) Indebtedness (including Capitalized Lease Obligations) and Disqualified Stock incurred or issued by Holdings or any Restricted Subsidiary and Preferred Stock issued by any Restricted Subsidiary, to finance the purchase, lease or improvement of property (real or personal), equipment or other assets, including assets that are used or useful in a Similar Business, whether through the direct purchase of assets or the Capital Stock of any Person owning such assets in an aggregate principal amount, together with any Refinancing Indebtedness in respect thereof and all other Indebtedness, Disqualified Stock and/or Preferred Stock incurred or issued and outstanding under this clause (5), not to exceed the greater of (A) $65,000,000 and (B) 30.0% of EBITDA of Holdings and its Restricted Subsidiaries for the most recently ended Test Period at any time outstanding; (6) Indebtedness incurred by Holdings or any Restricted Subsidiary constituting reimbursement obligations with respect to letters of credit, bank guarantees, banker’s acceptances, warehouse receipts, or similar instruments issued or created in the ordinary course of bus...
Permitted Debt Exchange has the meaning specified in Section 2.19(a). “Permitted Debt Exchange Notes” means Indebtedness in the form of unsecured, first lien, second lien or other junior lien notes; provided that such Indebtedness (i) does not mature prior to the Latest Maturity Date of the Term Loan Tranche being exchanged, (ii) the covenants of such Indebtedness, taken as a whole, either (A) reflect market terms at the time of issuance of such Permitted Debt Exchange Notes (or the time of obtaining a commitment with respect thereto) (as determined by the Borrower in good faith) or (B) are not more restrictive to the Borrower and the Restricted Subsidiaries than those contained in the Loan Documents applicable to the Term Loan Tranche being exchanged (taken as a whole) (except for (x) covenants applicable only to periods after the Maturity Date of the applicable Facility existing at the time of Incurrence or issuance of such Permitted Debt Exchange Notes and (y) any covenants to the extent such covenants are also added for the benefit of the lenders under the applicable Facility), (iii) such Indebtedness is not guaranteed by any Restricted Subsidiary other than Guarantors, and (iv) to the extent secured, such Indebtedness is not secured by property of any Loan Party or its Subsidiaries other than the Collateral (in each case, subject to a Market Intercreditor Agreement). “Permitted Debt Exchange Offer” has the meaning specified in Section 2.19(a). “Permitted Equal Priority Debt” means Indebtedness (x) outstanding pursuant to the Existing First Lien Loan Documents (including any First Lien Term Loans) or (y) otherwise incurred by the Borrower or any other Credit Party and consisting of First Lien Obligations, Indebtedness secured by the Collateral on a “junior” basis to the Liens securing the Obligations or unsecured Indebtedness, in each case of the foregoing clauses (x) and (y), pursuant to Section 7.01(b) (including any guarantee thereof).
Permitted Debt Exchange as defined in Subsection 2.7(a) of the Term Loan Credit Agreement.
Permitted Debt Exchange as defined in subsection 2.10(a). “Permitted Debt Exchange Notes”: as defined in subsection 2.10(a). “Permitted Debt Exchange Offer”: as defined in subsection 2.10(a).
Permitted Debt Exchange as defined in Section 2.7(a). 1003003016v2 #895889271003585382v58
Permitted Debt Exchange has the meaning specified in Section 2.19(a). “Permitted Debt Exchange Offer” has the meaning specified in Section 2.19(a). “Permitted Equity Issuance” means any, (a) public or private sale or issuance of any Qualified Equity Interests of a Borrower or any Parent Entity (to the extent the proceeds of such sale or issuance are contributed by such Parent Entity to a Borrower) (other than a Specified Equity Contribution); (b) contribution to the equity capital of a Borrower (other than (i) a Specified Equity Contribution or (ii) in exchange for Disqualified Equity Interests); or (c) sale or issuance of Indebtedness of a Borrower or any Parent Entity (to the extent the proceeds of such sale or issuance are contributed by such Parent Entity to a Borrower) (other