Seller Financing Indebtedness definition

Seller Financing Indebtedness means any obligation or liability consisting of fixed deferred purchase price, installment payments, or promissory notes that, in each case, is issued or otherwise incurred as consideration for any acquisition of any property.
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Seller Financing Indebtedness means any obligation or liability consisting of fixed deferred purchase price, installment payments, or promissory notes that, in each case, is issued or otherwise incurred as consideration for any Permitted Acquisition.
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Seller Financing Indebtedness means a purchase money Indebtedness issued to the seller of a business or other assets for, and not in excess of, the purchase price thereof.
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Examples of Seller Financing Indebtedness in a sentence

  • Notwithstanding the foregoing limitations, the Guarantor and LGII (and any Wholly-Owned Subsidiary with respect to Seller Financing Indebtedness) will be permitted to incur Indebtedness (including, without limitation, Acquired Indebtedness) if at the time of such incurrence, and after giving PRO FORMA effect thereto, the Consolidated Fixed Charge Coverage Ratio of the Guarantor is at least equal to 2.25 : 1.

  • Notwithstanding the foregoing limitations, TLGI and LGII (and any Wholly-Owned Subsidiary with respect to Seller Financing Indebtedness) will be permitted to incur Indebtedness (including, without limitation, Acquired Indebtedness) if at the time of such incurrence, and after giving pro forma effect thereto, the Consolidated Fixed Charge Coverage Ratio of TLGI is at least equal to 2.25 : 1.

  • Notwithstanding the foregoing limitations, TLGI and LGII (and any Wholly-Owned Subsidiary with respect to Seller Financing Indebtedness) will be permitted to incur Indebtedness (including, without limitation, Acquired Indebtedness) if at the time of such incurrence, and after giving PRO FORMA effect thereto, the Consolidated Fixed Charge Coverage Ratio of TLGI is at least equal to 2.25 : 1.

  • Notwithstanding the foregoing limitations, ▇▇▇▇▇▇ and LGII (and any Wholly-Owned Subsidiary with respect to Seller Financing Indebtedness) will be permitted to incur Indebtedness (including, without limitation, Acquired Indebtedness) if at the time of such incurrence, and after giving PRO FORMA effect thereto, the Consolidated Fixed Charge Coverage Ratio of ▇▇▇▇▇▇ is at least equal to 2.25:1.