Unrestricted Subsidiary Debt means Indebtedness of any one or more Unrestricted Subsidiaries.
Unrestricted Subsidiary Debt means, as to any Unrestricted Subsidiary of any Person, Debt of such Unrestricted Subsidiary (i) as to which neither such Person nor any Subsidiary of such Person is directly or indirectly liable (by virtue of such Person or any such Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Debt), unless such liability constitutes Unrestricted Non-Recourse Debt and (ii) which, upon the occurrence of a default with respect thereto, does not result in, or permit any holder (other than the Company or any Subsidiary of the Company) of any Debt of such Person or any Subsidiary of such Person to declare, a default on such Debt of such Person or any Subsidiary of such Person or cause the payment thereof to be accelerated or payable prior to its stated maturity, unless, in the case of this clause (ii), such Debt constitutes Unrestricted Non-Recourse Debt.
Unrestricted Subsidiary Debt means, as to any Unrestricted Subsidiary of any Person, Debt of such Unrestricted Subsidiary (i) as to which neither such Person nor any Subsidiary of such Person is directly or indirectly liable (by virtue of such Person or any such Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Debt), unless such liability constitutes Unrestricted Non-Recourse Debt and (ii) which, upon the occurrence of a default with respect thereto, does not result in, or permit any holder (other than the Borrower or any Subsidiary of the Borrower) of any Debt of such Person or any Subsidiary of such Person to declare, a default on such Debt of such Person or any Subsidiary of such Person (other than the Borrower or any Subsidiary of the Borrower or cause the payment thereof to be accelerated or payable prior to its stated maturity, unless, in the case of this clause (ii), such Debt constitutes Unrestricted Non-Recourse Debt.
Examples of Unrestricted Subsidiary Debt in a sentence
The aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in said Part A of Schedule 3.14, and said Part A of Schedule 3.14 correctly indicates whether each such arrangement constitutes Unrestricted Subsidiary Debt Guaranteed by the Borrower or any Restricted Subsidiary.
Nexen and its Restricted Subsidiaries shall not guarantee or otherwise become liable for or contingently liable for any Unrestricted Subsidiary Debt in excess, in aggregate, of U.S.$125,000,000 at any time.
The Borrower and its Restricted Subsidiaries shall not guarantee or otherwise become liable for or contingently liable for any Unrestricted Subsidiary Debt in excess, in aggregate, of Cdn.
Notwithstanding anything contained herein to the contrary, no default with respect to any Permitted Unrestricted Subsidiary Debt (including any rights that the holders thereof may have to take enforcement action against the Subsidiary obligated in respect of such Permitted Unrestricted Subsidiary Debt) would constitute a Potential Default or Event of Default.
Notwithstanding anything contained herein to the contrary, no default with respect to any Permitted Unrestricted Subsidiary Debt (including any rights that the holders thereof may have to take enforcement action against the Subsidiary obligated in respect of such Permitted Unrestricted Subsidiary Debt) would constitute a Potential Event of Default or Event of Default.
More Definitions of Unrestricted Subsidiary Debt
Unrestricted Subsidiary Debt means, as to any Unrestricted Subsidiary of any Person, Debt of such Unrestricted Subsidiary (i) as to which neither such Person nor any Subsidiary of such Person is directly or indirectly liable (by virtue of such Person or any such Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Debt), unless such liability constitutes Unrestricted Non-Recourse Debt and (ii) which, upon the occurrence of a default with respect thereto, does not result in, or permit any holder (other than the Borrower or any Subsidiary of the Borrower) of
Unrestricted Subsidiary Debt means any Debt of any Permitted Subsidiary for which neither Borrower nor Guarantor has any direct or indirect liability and as to which no properties or assets of Borrower or Guarantor serve as security.
Unrestricted Subsidiary Debt means, at any time and from time to time, all of the obligations, indebtedness and liabilities (present or future, absolute or contingent, material or not) of Unrestricted Subsidiaries, howsoever and wheresoever arising.
Unrestricted Subsidiary Debt means, as to any Unrestricted Subsidiary of any Person, Debt of such Unrestricted Subsidiary (i) as to which neither such Person nor any Subsidiary of such Person is directly or indirectly liable (by virtue of such Person or any such Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Debt), unless such liability constitutes Unrestricted Non-Recourse Debt and (ii) which, upon the occurrence of a default with respect thereto, does not result in, or permit any holder of any Debt of such Person or any Subsidiary of such Person to declare, a default on such Debt of such Person or any Subsidiary of such Person or cause the payment thereof to be accelerated or payable prior to its stated maturity, unless, in the case of this clause (ii), such Debt constitutes Unrestricted Non-Recourse Debt.
Unrestricted Subsidiary Debt. “Voting Stock” “Wholly Owned Restricted Subsidiary” Other Definitions. Compliance Certificates and Opinions. Form of Documents Delivered to Trustee. Acts of Holders. Notices, etc., to the Trustee, the Company and any Guarantor. Notice to Holders; Waiver. Conflict with Trust Indenture Act. Effect of Headings and Table of Contents. Successors and Assigns. Separability Clause. Benefits of Indenture. Governing Law. Legal Holidays. Independence of Covenants. Schedules and Exhibits. Counterparts. No Personal Liability of Directors, Officers, Employees and Stockholders. ARTICLE TWO SECURITY FORMS Section 201. Section 202. Section 203. Section 204. Forms Generally. Form of Face of Security. Form of Reverse of Securities. Form of Guarantee. ARTICLE THREE THE SECURITIES Section 301. Section 302. Section 303. Section 304. Section 305. Section 306. Section 307. Section 308. Section 309. Section 310. Section 311. Section 312. Section 313. Title and Terms. Denominations. Execution, Authentication, Delivery and Dating. Temporary Securities. Registration, Registration of Transfer and Exchange. Book Entry Provisions for Global Securities. Special Transfer and Exchange Provisions. Mutilated, Destroyed, Lost and Stolen Securities. Payment of Interest; Interest Rights Preserved. CUSIP Numbers etc. Persons Deemed Owners. Cancellation. Computation of Interest. ARTICLE FOUR DEFEASANCE AND COVENANT DEFEASANCE Section 401. Section 402. Section 403. Section 404. Company’s Option to Effect Defeasance or Covenant Defeasance. Defeasance and Discharge. Covenant Defeasance. Conditions to Defeasance or Covenant Defeasance. Section 405. Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Section 406. Reinstatement.
Unrestricted Subsidiary Debt of any Unrestricted Subsidiary means Debt of such Unrestricted Subsidiary: (i) as to which neither the Company nor any Restricted Subsidiary is directly or indirectly liable (by virtue of the Company or any such Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Debt), except Guaranteed Debt of the Company or any Restricted Subsidiary to any Affiliate, in which case (unless the incurrence of such Guaranteed Debt resulted in a Restricted Payment at the time of incurrence) the Company shall be deemed to have made a Restricted Payment equal to the principal amount of any such Debt to the extent guaranteed at the time such Subsidiary is designated an Unrestricted Subsidiary; and (ii) which, upon the occurrence of a default with respect to such Debt, does not result in, or permit any holder of any Debt of the Company or any Restricted Subsidiary to declare, a default on such Debt of the Company or any Restricted Subsidiary or cause the payment of such Debt to be accelerated or payable prior to its Stated Maturity; provided that notwithstanding the foregoing any Unrestricted Subsidiary may guarantee the Securities.
Unrestricted Subsidiary Debt means, at any time and from time to time, all of the obligations, indebtedness and liabilities (present or future, absolute or contingent, material or not) of Unrestricted Subsidiaries, howsoever and wheresoever arising, other than obligations owing to Nexen or any Restricted Subsidiary; provided that, with respect to contingent liabilities for performance obligations, in the determination of "Unrestricted Subsidiary Debt" there shall only be included therein the amount or amounts of such obligations currently required to be paid by Unrestricted Subsidiaries (for certainty, performance obligations shall not, for the purpose of this definition, include obligations for or in respect of indebtedness for borrowed money or any other obligation which would constitute "Debt" as defined herein if such obligation was incurred by Nexen or any Restricted Subsidiary as opposed to an Unrestricted Subsidiary).