Target Indebtedness definition

Target Indebtedness means any Indebtedness (and any Liens in connection therewith) of the Target and its Subsidiaries that is permitted to remain outstanding pursuant to the Acquisition Agreement.

Target Indebtedness means any existing or hereafter incurred Debt of the Target.

Target Indebtedness means the amount set forth in Schedule 1.1(i) corresponding to the applicable month of the Closing Date.

Examples of Target Indebtedness in a sentence

• In the event that the Borrower at any time provides a guarantee of any Target Indebtedness, the Borrower shall within ten days of having entered in such guarantee (or such longer period as the Administrative Agent may approve) cause the Target to execute and deliver to the Administrative Agent a Target Guarantee (and in connection therewith, provide to the Administrative Agent such documents with respect to the Target corresponding to those set forth in Section 3.01(b), (c) and (d)).

• To the extent the inclusion of such Transaction Expenses in Indebtedness Assumed is in excess of the Target Indebtedness, a corresponding adjustment shall be made pursuant to the Indebtedness Adjustment calculation as set forth in Section 2.15(c).

• To the extent the inclusion of such investment banking fees in Indebtedness Assumed is in excess of the Target Indebtedness, a corresponding adjustment shall be made pursuant to the Indebtedness Adjustment calculation as set forth in Section 2.15(c).

• To the extent the inclusion of such payments under the Management Plan in Indebtedness Assumed is in excess of the Target Indebtedness, a corresponding adjustment shall be made pursuant to the Indebtedness Adjustment calculation as set forth in Section 2.15(c).

• Use all proceeds of the initial borrowing under the Commitment to refinance the outstanding Indebtedness under the Existing Credit Agreement on the Initial Closing Date, to consummate the Related Transactions, to refinance the outstanding Target Indebtedness on the Initial Closing Date and use all proceeds of each borrowing under the Commitment thereafter to provide for working capital requirements and the general corporate purposes of the Borrowers to the extent that such purposes are permitted hereunder.

More Definitions of Target Indebtedness

Target Indebtedness means $24,300,000,000.

Target Indebtedness means, with respect to any proposed transaction(s) involving an Acquisition Target, such Acquisition Target's total obligations (whether short-term or long-term) for borrowed money (including capitalized leases) as of immediately prior to Delphi acquiring Control of such Acquisition Target in such proposed transaction(s).

Target Indebtedness as of a specified time means, without duplication, all Indebtedness of the Target Business as of such time, but excluding (x) Indebtedness owed by one Target Group Company to another Target Group Company, or (y) any amounts that are included as an offset to Target Cash and Cash Equivalents.

Target Indebtedness means the Indebtedness of the Target Company and/or its subsidiaries outstanding on the Initial Closing Date under (x) a Loan Agreement, dated as of June 29, 1995, among the Target Company, the financial institutions from time to time party thereto and Hibernia National Bank, as agent, (y) a Promissory Note in the original principal amount of $937,521.00 dated March 1, 1993 by the Target Company in favor of Hibernia National Bank and (z) a Note Agreement dated as of June 30, 1993 between the Target Company and Great West Life & Annuity Insurance Company relating to the Target Company's 5.51% Senior Notes due July 1, 2000, in each case as from time to time amended and in effect on the Initial Closing Date.

Target Indebtedness means the Indebtedness due or owing by MC Assembly or any of its Affiliates set forth on Schedule 1.01(G).

Target Indebtedness means €23,564,174.00. “Target Net Working Capital” means €1,702,000.

Target Indebtedness means the amount set forth in Schedule 1.1(i) corresponding to the applicable month of the Closing Date. “Tax Proceeding” has the meaning set forth in Section 5.3(d)(i).