Subsidiary Debt definition

Subsidiary Debt means all unsecured Indebtedness of which a Restricted Subsidiary is the primary obligor.

Subsidiary Debt means, collectively, the Subsidiary Unsecured Notes, Rural Utilities Service Loan Contracts, and Verizon Secured Notes.

Subsidiary Debt means, with respect to the Company’s consolidated subsidiaries, at any time and without duplication, the aggregate outstanding principal amount of all Indebtedness of such consolidated subsidiaries at such time described in clauses (a), (b), (c), (g) and (h) of the definition of the term “Indebtedness”, other than:

Examples of Subsidiary Debt in a sentence

• Subsidiary Debt GuaranteeHydro One Holdings Limited (HOHL) is an indirect wholly-owned subsidiary of Hydro One that may offer and sell debt securities.

• Kolasinski, Subsidiary Debt, Capital Structure and Internal Capital Markets, 94 J.

• In December 2020, Qurate Retail completed a restructuring of its international operations into a controlled foreign corporation whereby a subsidiary of QVC International became a co-obligor on LI LLC’s MSI Exchangeables (defined below), and accordingly the MSI Exchangeables have been classified as Qurate Retail Group Subsidiary Debt in the table above as of December 31, 2020.

• For the avoidance of doubt, the Subsidiary Debt shall be Reinstated on the Effective Date.

• Vines and espalier plants shall be checked and re-tied as required.

More Definitions of Subsidiary Debt

Subsidiary Debt means all unsecured Indebtedness of which a non-Guarantor Restricted Subsidiary is the obligor.

Subsidiary Debt means, in respect of any Subsidiary of the Borrower, all Indebtedness (other than (a) net obligations of such Subsidiary under any Swap Contract with a tenor of less than eighteen months, (b) Guarantees by such Subsidiary of the obligations of other Subsidiaries or the obligations of the Borrower, in either case, of the kind described in the preceding clause (a) and (c) unfunded, uncommitted lines of credit) of such Subsidiary.

Subsidiary Debt has the meaning specified in Section 7.01.

Subsidiary Debt means any Funded Debt which is owed by a Designated Subsidiary (other than a Designated Subsidiary Guarantor) to any Person other than the Covenantor, a Borrower or another Designated Subsidiary, other than Funded Debt (i) which is secured by a Permitted Lien and (ii) of a Designated Subsidiary acquired by a Borrower or the Covenantor provided that such Funded Debt existed at the date of any such acquisition and was not incurred in contemplation of such acquisition.

Subsidiary Debt means all Debt of which the direct obligor is a subsidiary of the Company.

Subsidiary Debt has the meaning specified in Section 1011(a).

Subsidiary Debt means, without duplication, all Unsecured Indebtedness (including Guarantees other than Guarantees by Restricted Subsidiaries of Secured Indebtedness) of which a Restricted Subsidiary of the Company or the Parent (other than the Company) other than a Guarantor is the obligor. A release of the Subsidiary Guarantee of a Guarantor which remains a Restricted Subsidiary of the Company or the Parent shall be deemed to be an incurrence of Subsidiary Debt in an amount equal to the proportionate interest of the Company or the Parent in the Unsecured Indebtedness of such Guarantor.