Vendor Indebtedness definition
Examples of Vendor Indebtedness in a sentence
The aggregate outstanding principal amount of Existing Vendor Indebtedness that may be permitted to be outstanding under the "Motorola Agreements" and "Northern Telecom Agreements" in accordance with the definitions of such respective terms under the Public Note Indentures is $260,000,000 and $40,000,000, respectively.
The Vendor shall on or before Completion repay or procure the repayment of the Vendor Indebtedness.
The Company will, to the extent it can with commercial reasonableness do so, use (a) its free cash (i.e., from sources other than the Notes) and assets to pay for any of its expenses that do not qualify as Vendor Indebtedness and (b) the proceeds of any Purchase in such a manner as to qualify such proceeds as Vendor Indebtedness.
Subject to the terms and conditions set forth herein, NTFC Capital agrees to make Tranche C Loans to the Borrower on the Effective Date in a principal Vendor Financing Agreement amount equal to the Tranche C Commitment, provided that on the Effective Date a portion of the Existing Vendor Indebtedness held by NTFC Capital up to but not exceeding the Tranche C Commitment shall be automatically designated as Tranche C Loans hereunder.
The Company will use its best efforts to obtain a Vendor Indebtedness facility in an aggregate principal amount of at least $150,000,000 no later than September 1, 2001.