Unsecured Indebtedness definition

Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

Unsecured Indebtedness means any Indebtedness of the Company or any of its Subsidiaries that is not Secured Indebtedness.

Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness.

Examples of Unsecured Indebtedness in a sentence

• The Borrower shall not, and shall not permit any of its Material Subsidiaries to, amend the terms of any Permitted Unsecured Indebtedness or the Indenture if any such amendment would (i) increase the principal amounts of Indebtedness thereunder, (ii) increase the rates of interest or fees payable thereunder, (iii) shorten the term to maturity thereunder, or (iv) otherwise be adverse to the interests of the Lenders.

• For greater certainty, any regularly scheduled payment required under any Indenture Indebtedness or Permitted Unsecured Indebtedness is not restricted by this Section 6.1(19).

• Total Unencumbered Assets of no less than 100% of the aggregate principal amount of the Unsecured Indebtedness of the Guarantor.

• At the end of each fiscal quarter, Guarantor shall maintain Total Unencumbered Assets of no less than 100% of the aggregate principal amount of the Unsecured Indebtedness of the Guarantor.

More Definitions of Unsecured Indebtedness

Unsecured Indebtedness means all indebtedness of the Company for borrowed money or obligations of the Company evidenced by notes, bonds, debentures or other similar instruments that are not secured by a lien on any Company Property or other assets of the Company or any Subsidiary.

Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness; provided, however, that (i) any Indebtedness that is secured only by a pledge of Equity Interests shall be deemed to be Unsecured Indebtedness unless the same constitutes Secured Indebtedness as provided in the last sentence of the definition of “Secured Indebtedness”; and (ii) Indebtedness of the type described in clause (g) of the definition of Indebtedness shall not constitute Unsecured Indebtedness.

Unsecured Indebtedness means Indebtedness which is not secured by any Encumbrance upon any of the properties of the Company or any Subsidiary.

Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness; provided, however, that any Indebtedness that is secured only by a pledge of Equity Interests shall be deemed to be Unsecured Indebtedness.

Unsecured Indebtedness means Indebtedness not secured by any Lien.

Unsecured Indebtedness means all Consolidated Total Indebtedness that is not Secured Indebtedness.