Third Party Debt definition

Third Party Debt means debt of any Person (other than the Company or any Subsidiary) for borrowed money that (i) pursuant to Generally Accepted Accounting Principles, is classified as a non-current liability, and (ii) the repayment of which is guaranteed by the Company or any Subsidiary. Notwithstanding the foregoing, Consolidated Funded Debt shall not include any Excluded Acquisition Debt.

Third Party Debt. TALF Debt and Additional Debt.

Third Party Debt means any and all Debt (other than Debt evidenced by the Notes or the Joint and Several Guaranty).

Examples of Third Party Debt in a sentence

• If such Subsidiary is a Financing Subsidiary, the Borrower will furnish to the Agents and the Lender a description of the Third Party Debt expected to be incurred by such Subsidiary and, when available, a copy of the related loan documents in respect thereof.

• Subject to Clause 7.7 (Date for prepayment), if any member of the UGCE Borrower Group incurs Third Party Debt and Clause 16.12(d)(i) (Restrictions on Financial Indebtedness) applies to such Third Party Debt, UPC Broadband shall, within ten Business Days of receipt by such member of the UGCE Borrower Group of the proceeds of Third Party Debt prepay or procure that there is prepaid, an amount of the Facilities equal to 50 per cent.

• The occurrence of any material breach, default or event of default under or with respect to the (i) any Debt set forth on Schedule 7(n) or (ii) any Third Party Debt, provided that a breach shall be deemed material in the event the creditor declares a breach, default or event of default against debtor under such agreement(s) or in connection with such Debt.

• As soon as practicable after the Closing, DoveBid ---------------- will pay in full all amounts (including principal and interest) constituting Third Party Debt (as reflected on the Closing Balance Sheet).

• Promptly, and in any event within five Business Days, following the payment in full of the Third Party Debt and the termination of any unfunded commitments in respect thereof of any Financing Subsidiary, the Borrower will cause such Financing Subsidiary to distribute all of its remaining assets to the Borrower and dissolve or merge into the Borrower as provided in Section 7.03 or to become a “Guarantor” as provided in Section 6.08(a).

More Definitions of Third Party Debt

Third Party Debt means that certain Debt evidenced by the following (as amended from time to time): (i) Convertible Senior Secured Promissory Note, dated March 10, 2017, issued by Operating LLC (formerly known as IFMI, LLC) to the DGC Family Fintech Trust in the aggregate principal amount of $15,000,000, together with that certain Securities Purchase Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), the DGC Family Fintech Trust, a trust established by Xxxxxx X. Xxxxx, and solely with respect to certain provisions thereof, Parent (formerly known as Institutional Financial Markets, Inc.), and the related Pledge Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), in favor of the DGC Family Fintech Trust; (ii) Convertible Senior Secured Promissory Note, dated August 28, 2015, issued by Parent to the Xxxxxx X. Xxxxx XXX in the aggregate principal amount of $4,385,628 (formerly that certain Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to Xxxx Park Capital Partners LLC in the aggregate principal amount of $2,923,755, and that certain Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to Xxxx Park Capital Partners LLC in the aggregate principal amount of $1,461,873 (collectively, the “Xxxx Park Notes”); (iii) Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to EBC 2013 Family Trust in the aggregate principal amount of $2,400,000; (iv) Junior Subordinated Note due 2037, dated June 25, 2007, issued by Parent (formerly known as Alesco Financial Inc.) in the aggregate principal amount of $28,995,000; (v) Junior Subordinated Note due 2035, dated March 15, 2005, issued by Parent (formerly known as Sunset Financial Resources, Inc.) to JPMorgan Chase Bank, N.A., as Property Trustee of Sunset Financial Statutory Trust I, in the aggregate principal amount of $20,619,000; (vi) Investment Agreement, dated October 3, 2016, by and between Operating LLC (formerly known as IFMI, LLC) and JKD Capital Partners I LTD (pursuant to which, among other things, JKD Capital Partners I LTD agreed to invest up to $12,000,000 into Operating LLC) (the “JKD Investment Agreement”); (vii) Investment Agreement, dated September 29, 2016, by and between Operating LLC and Xxxxx Bros. Financial LLC Trust (pursuant to which, among other things, Xxxxx Bros. Financial LLC invested $8,000,000 into Operating LLC); and...

Third Party Debt has the meaning specified in Section 1008.

Third Party Debt means (a) all outstanding Indebtedness for borrowed money of the Company from any Person, including the short-term and long-term portion thereof, and (b) outstanding Indebtedness of any Person other than the Company that is secured by an Encumbrance on any asset or equity interest of the Company or guaranteed by the Company.

Third Party Debt has the meaning specified in Section 1004(3) hereof.

Third Party Debt means any Financial Indebtedness which is owed to any person other than a member of the Wider Group (but, for the avoidance of doubt, excluding any indebtedness arising under any instrument that does not impose any obligations on the obligor to make any cash payment and does not permit such obligor to elect to make any cash payments and to the extent only that such instrument is not amended so as to become an instrument under which there are (or may be) cash payment obligations).

Third Party Debt means the aggregate amount (ignoring for these purposes any amounts owed by any Group Company to any other Group Company) of the following amounts at their redemption value (but provided that any amount in relation to a specific item shall only be included once in the calculation or determination of Third Party Debt):

Third Party Debt is defined herein to mean the principal portion owed to third party lenders having a security interest in Resellers’ Financed Inventory which is senior in priority to the security interest of CPC. If Resellers from time to time are required to make immediate payment to CPC, Resellers agree that acceptance of such payment by CPC shall not be construed to have waived or amended the terms of its financing program. Resellers waive notice of CPC’s acceptance of this Paydown Amendment. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and in full force and effect. [signature page(s) follow]