Xxxx Indebtedness definition

Xxxx Indebtedness means the aggregate principal amount of total liabilities (whether long-term or short-term) for borrowed money (including capitalized leases) of the members of the Xxxx Group collectively, as determined for purposes of its annual and quarterly financial statements and prepared in accordance with GAAP.
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Xxxx Indebtedness means unsecured Indebtedness of Borrower owed to Xxxx Xxxx in an original principal amount of Two Hundred Fifty Thousand Dollars ($250,000.00), which shall be reduced on a dollar for dollar basis as such Indebtedness is repaid or otherwise satisfied. [Signature page follows.]
Sample 1
Xxxx Indebtedness means (i) the Indebtedness evidenced by that certain Business Loan Agreement, dated November 18, 1996, between Xxxx and Peoples State Bank ("PSB"), the Commercial Promissory Note, dated of even date therewith, from Xxxx made payable to PSB in the original principal amount of $725,000, the Commercial Security Agreement, dated of even date therewith, from Xxxx to PSB and the Commercial Real Estate Mortgage and Assignment of Leases and Rents, dated December 27, 1995, modified pursuant to a Mortgage Modification Agreement, dated November 18, 1996, (ii) the Indebtedness evidenced by that certain Commercial Promissory Note, dated March 5, 1997, from Xxxx made payable to PSB, in the original principal amount of $45,050 and the Commercial Security Agreement from Xxxx to PSB, dated of even date therewith (collectively, the "Mercedes Loan"), (iii) the Indebtedness evidenced by that certain Retail Installment Contract, dated November 20, 1996, from Xxxx to Riverside Ford Sales, Inc., in the amount of $15,978.96 (collectively, the "Ford Loan") and (iv) the Indebtedness evidenced by that certain Commercial Line of Credit Agreement, dated February 20, 1998, between Xxxx and PSB, the Commercial Promissory Note, dated of even date therewith, from Xxxx made payable to PSB, in the original principal amount of $600,000 and the Commercial Security Agreement, of even date therewith, from Xxxx to PSB (collectively, the "$600,000 Loan").
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Examples of Xxxx Indebtedness in a sentence

  • Also simultaneously with the execution and delivery of this Agreement, Lender and RBA are severing the promissory note evidencing the original Xxxxx Xxxx Loan into two substitute notes, one of which ("Substitute Xxxxx Xxxx Note A") will henceforth evidence $32,000,000 of the Aggregate Xxxxx Xxxx Indebtedness, and the other of which ("Substitute Xxxxx Xxxx Note B") will henceforth evidence $7,500,000 of the Aggregate Xxxxx Xxxx Indebtedness.

  • Each undertaking in this Clause shall continue from the date of this Deed until the Xxxx Indebtedness is fully and finally paid or repaid, as the case may be at which time a final discharge of this Deed will be given to the Members.

  • In addition to Xxxx'x salary, the Company, as a special bonus to Xxxx (the "Special Bonus") shall, as of December 31, 2001, cancel the present indebtedness of Xxxx to the Company in the amount of twenty-five thousand ($25,000) dollars (the "Xxxx Indebtedness").

  • The following sentence is hereby added to the Credit Agreement after subsection (c) of Section 8.15 of the Credit Agreement and shall read as follows: The Xxxx Indebtedness may not be amended or modified in any manner without the prior written consent of the Administrative Agent.

  • For such classes, rolling over' is where current members of a class get priority over others for being in that class the following year.

  • Enligt KC sker det ingen central styrning av hur bemanningen och schemaläggningen sköts.


More Definitions of Xxxx Indebtedness

Xxxx Indebtedness means (i) all amounts outstanding under that certain Fifteenth Amended and Restated Promissory Note, dated as of December 31, 2019, pursuant to which PAA may borrow up to $24,000,000 from PAC OP, and (ii) all amounts outstanding under that certain Fifth Amended and Restated Promissory Note, dated as of December 31, 2019, pursuant to which PCMS may borrow up to $1,500,000 from PAC OP.
Sample 1
Xxxx Indebtedness means the unsecured indebtedness in the amount of $11,927,000 evidenced by the Xxxx Promissory Note.
Sample 1
Xxxx Indebtedness all moneys from time to time owing or payable to or for the account of the Bank, either actually or contingently and on any account whatsoever, by any Member or Members of the Xxxx Group, either alone or jointly with others, under or in relation to any Transaction Document;
Sample 1

Related to Xxxx Indebtedness

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Final Indebtedness has the meaning set forth in Section 3.2(b).

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Net Indebtedness means, as of any date, (i) the amount of outstanding Indebtedness of the Company and its consolidated subsidiaries as of such date, minus (ii) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries as of such date minus (iii) loans by the Company and its consolidated subsidiaries to its Partners or Affiliates thereof as of such date.

  • Designated Indebtedness has the meaning assigned to such term in the Guarantee and Security Agreement.

  • Settlement Indebtedness means any payment or reimbursement obligation in respect of a Settlement Payment.

  • Permitted Unsecured Indebtedness Indebtedness of any Loan Party (a) that is not (and any Guarantees thereof by any Loan Party are not) secured by any collateral (including the Collateral), (b) that does not mature earlier than the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted average life to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence of such Indebtedness, (c) that does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, customary asset sale or event of loss mandatory offers to purchase and customary acceleration rights after an event of default and, for the avoidance of doubt, rights to convert or exchange into Capital Stock of the Borrower in the case of convertible or exchangeable Indebtedness) prior to the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof, (d) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and agreed that such Indebtedness shall not include any financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), are not more favorable to the lenders or investors providing such Permitted Unsecured Indebtedness, as the case may be, than those set forth in the Loan Documents are with respect to the Lenders (other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive, and (e) that is not guaranteed by any Person other than on an unsecured basis by the Borrower and/or Restricted Subsidiaries that are Loan Parties.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Public Indebtedness means any payment obligation, including any contingent liability, of any person arising from bonds, debentures, notes or other securities that (A) are, or were intended at the time of issuance to be, quoted, listed or traded on any securities exchange or other securities market (including, without limiting the generality of the foregoing, securities eligible for resale pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (or any successor law or regulation of similar effect)) and (B) have an original maturity of more than one year or are combined with a commitment so that the original maturity of one year or less may be extended at the option of Mexico to a period in excess of one year;

  • Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • First Lien Indebtedness means Consolidated Total Indebtedness that is secured by a Lien on the Collateral, except by a Lien that is junior to the Liens on the Collateral securing the First Lien Obligations.

  • Permitted Convertible Indebtedness means any unsecured Indebtedness issued under the Convertible Senior Notes, and any refinancings or replacements thereof that is unsecured Indebtedness issued by the Borrower and/or guaranteed by a Loan Party; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing or replacement except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and (ii) any Indebtedness in connection with a refinancing or a replacement thereof shall (A) not mature or require any payment of principal thereof prior to the date that is 91 days past the Maturity Date and (B) have covenants that are not more restrictive (taken as a whole) than those set forth herein; provided, further, that the conversion of Permitted Convertible Indebtedness, including any requirement or decision to pay cash upon any conversion of Permitted Convertible Indebtedness in lieu of all or any portion of the Equity Interests of the Borrower due upon conversion of such Permitted Convertible Indebtedness, and the requirement of the Borrower to repurchase Permitted Convertible Indebtedness prior to its stated maturity date upon a fixed date or upon the occurrence of a fundamental change (which would include customary change of control provisions or a termination of trading of the Borrower’s common stock on the exchange on which it is then listed), shall not constitute a maturity or the requirement of any payment of principal of such Permitted Convertible Indebtedness prior to the date that is 91 days past the Maturity Date hereunder for purposes of this definition.