Permitted Indebtedness for Money Borrowed definition

Permitted Indebtedness for Money Borrowed means (a) Permitted Purchase Money Indebtedness, (b) Indebtedness to NationsCredit under the Inventory Financing Agreement, (C) Subordinated Indebtedness, and (d) Indebtedness owing to Barnxxx Xxxk of Pinellas County as set forth on the SCHEDULE 5.1(I) delivered on the Effective Date.
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Permitted Indebtedness for Money Borrowed means (a) Permitted Purchase Money Indebtedness, and (b) Subordinated Indebtedness.
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Permitted Indebtedness for Money Borrowed means (a) the Indebtedness to Lenders arising under this Agreement, (b) the Indebtedness set forth on SCHEDULE 6.1(I) hereof, (c) Borrowers Intercompany Debt, and (d) other Indebtedness (including Purchase Money Indebtedness) in an aggregate amount outstanding at any time for all 20 27 Borrowers not to exceed $45,000,000; provided that (i) at the time of the incurrence of such Indebtedness no Default or Event of Default exists or shall occur therefrom, (ii) no Lien shall be created or be permitted to exist on the Collateral, (iii) except for Capitalized Lease Obligations, the aggregate net proceeds thereof are applied to reduce the outstanding amount of the Secured Obligations (other than contingent obligations) including, without limitation, the Revolving Credit Loans, in accordance with SECTION 4.1(B); provided, however, that (y) such reduction shall not be a permanent reduction in the principal amount of the Revolving Credit Facility and (z) the Borrowers shall not incur any liability for LIBOR breakage costs as described in SECTION 4.1(A)(III) in the event such proceeds are used to prepay LIBOR Advances; and (iv) if the Indebtedness with respect to any real estate being financed and mortgages shall be less than 50% of the fair market value of such real estate, then the terms of such Indebtedness shall not prohibit a second lien or mortgage thereon.
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Examples of Permitted Indebtedness for Money Borrowed in a sentence

  • The techniques have been widely adopted by banana export companies who use CA more widely than deciduous fruit shippers.

  • In the ordinary course of business, the Debtors maintain leases for various forms of equipment, retail outlets, depots and warehouses.

  • Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or incurred or to be outstanding any Indebtedness, except for Permitted Indebtedness for Money Borrowed.

  • Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or incurred or to be outstanding any Indebtedness for Money Borrowed, except for Permitted Indebtedness for Money Borrowed and the Sirrom Subordinated Indebtedness.

  • The Borrowers will not create, incur, assume or suffer to exist any Indebtedness for Borrowed Money, except for Permitted Indebtedness for Money Borrowed.

  • Any Credit Party shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) if the existence of any such defaults, singly or in the aggregate, could reasonably be expected to have a Materially Adverse Effect.

  • Consonants may also be extrasyllabic, when they appear word-finally after a bisegmental rhyme.

  • Create, assume, or otherwise become or remain ------------ obligated in respect of, or permit or suffer to exist or to be created, assumed or incurred or to be outstanding any Indebtedness for Money Borrowed, except for Permitted Indebtedness for Money Borrowed.

  • Create, assume, or otherwise become or remain obligated in respect of, or permit or suffer to exist or to be created, assumed or incurred or to be outstanding any Indebtedness for Money Borrowed, except for Contingent Insurance Obligations and for Permitted Indebtedness for Money Borrowed.


More Definitions of Permitted Indebtedness for Money Borrowed

Permitted Indebtedness for Money Borrowed means the Indebtedness listed ----------------------------------------- on Schedule 5.1(j).
Sample 1
Permitted Indebtedness for Money Borrowed means the Indebtedness listed on Schedule 1.2 - Permitted Indebtedness.
Sample 1
Permitted Indebtedness for Money Borrowed means (a) the Indebtedness to Lenders arising under this Agreement, (b) solely with respect to Parent, the Indebtedness under the Senior Notes and the Indebtedness incurred with respect to unsecured debt that is subject to a subordination agreement and other terms and conditions acceptable in writing in all respects to Agent in its good faith discretion, (c) Capitalized Lease Obligations (i) not to exceed $5,000,000 in the aggregate during the period beginning on the Effective Date and ending on the Initial Anniversary Date and (ii) not to exceed an aggregate amount mutually agreeable to the parties to this Agreement upon any renewal hereof and (d) the Indebtedness set forth on SCHEDULE 6.1(I) hereof.
Sample 1
Permitted Indebtedness for Money Borrowed means Permitted Purchase Money Indebtedness.
Sample 1
Permitted Indebtedness for Money Borrowed means Indebtedness for Money Borrowed which is not secured by a Lien other than a Permitted Lien and which, in an aggregate amount as to both Borrowers, does not at any time exceed $250,000.
Sample 1

Related to Permitted Indebtedness for Money Borrowed

  • Indebtedness for Money Borrowed means any obligation of, or any obligation guaranteed by, the Company for the repayment of borrowed money, whether or not evidenced by bonds, debentures, notes or other written instruments.

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

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of any Obligor’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of any Obligor’s business in connection with its purchasing of securities, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Investment Policies, provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

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

  • 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.

  • Indebtedness for Borrowed Money means any present or future indebtedness (whether being principal, premium, interest or other amounts) for or in respect of (i) money borrowed, (ii) liabilities under or in respect of any acceptance or acceptance credit or (iii) any bonds, notes, debentures, loan capital, certificates of deposit, loan stock or other like instruments or securities offered, issued or distributed whether by way of public offer, private placement, acquisition consideration or otherwise and whether issued for cash or in whole or in part for a consideration other than cash;

  • Permitted Existing Indebtedness means the Indebtedness of the Borrower and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • Restricted Indebtedness means Indebtedness of Holdings, the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, except such indebtedness which has been paid or is payable by Borrower to Lender under this Note.

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Indebtedness means, with respect to any Person, without duplication:

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Permitted Debt means any Financial Indebtedness:

  • Permitted Subsidiary Indebtedness means any of the following:

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

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

  • Designated Indebtedness means any Indebtedness that has been designated by the Borrower at the time of the incurrence thereof as “Designated Indebtedness” for purposes of this Agreement in accordance with the requirements of Section 6.01.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • Acquisition Indebtedness means any Indebtedness of the Company or any Subsidiary that has been incurred for the purpose of financing, in whole or in part, an Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of any related bridge facilities or any pre-existing Indebtedness of the Persons or assets to be acquired); provided that either (a) the release of the proceeds thereof to the Company and the Subsidiaries is contingent upon the substantially simultaneous consummation of such Acquisition (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition, or if such Acquisition is otherwise not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness, then, in each case, such proceeds are, and pursuant to the terms of such definitive documentation are required to be, promptly applied to satisfy and discharge all obligations of the Company and the Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or a similar provision) if such Acquisition is not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition or such Acquisition is otherwise not consummated by the date so specified, such Indebtedness is, and pursuant to such “special mandatory redemption” (or similar) provision is required to be, redeemed or otherwise satisfied and discharged within 90 days of such termination or such specified date, as the case may be).

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).