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.
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Xxxx Indebtedness means the unsecured indebtedness in the amount of $11,927,000 evidenced by the Xxxx Promissory Note.
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Examples of Xxxx Indebtedness in a sentence

  • The Original Xxxxx Xxxx Loan in the original maximum principal amount of $42,500,000 had an outstanding principal balance of $40,000,000 as of immediately prior to the execution of this Agreement, which principal balance is being paid down to $39,500,000 (the "Aggregate Xxxxx Xxxx Indebtedness") simultaneously with the execution and delivery of this Agreement .

  • 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.

  • 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.

  • Unless varied by agreement in writing between the Members and the Bank, the provisions of this Deed shall apply during such time as there shall be any Xxxx Indebtedness actually or contingently owing or payable to or for the account of the Bank by any Member or Members of the Xxxx Group.

  • 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").


More Definitions of Xxxx Indebtedness

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;
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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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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.
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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.

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

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

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • 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, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute 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 means any Indebtedness that has been designated by the Borrower at the time of the incurrence thereof as “Designated Indebtedness” for purposes of this Agreement in accordance with the requirements of Section 6.01.

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

  • Permitted Unsecured Indebtedness means Indebtedness of Holdings or the Borrower (a) that is not (and any Guarantees thereof by Subsidiaries or Holdings are not) secured by any collateral (including the Collateral), (b) that does not mature earlier than the Latest Maturity Date then in effect, and has a weighted average life to maturity no shorter than the Class 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 in the case of convertible or exchangeable Indebtedness) prior to the date that is the Latest Maturity Date then in effect, (d) that shall not include any financial maintenance covenants and applicable negative covenants shall be incurrence-based and that shall contain covenants, events of default and other terms that, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms) are not materially more restrictive to Holdings and its Subsidiaries than, those set forth in the Loan Documents; provided, that, a Financial Officer of Holdings shall have delivered a certificate to the Administrative Agent at least two (2) 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 summary of the material terms and conditions of such resulting Indebtedness, stating that Holdings has determined in good faith that such material terms and conditions satisfy the requirements set forth in this clause (d), which determination shall be conclusive, and (e) that is not guaranteed by any Person other than on an unsecured basis by Holdings and Subsidiaries that are Subsidiary Loan Parties.

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated in right to the Loan Obligations.

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

  • Consolidated First Lien Indebtedness means Consolidated Total Indebtedness as of any date of determination that is secured by a Lien on any asset or property of the Borrower and its Restricted Subsidiaries, which Lien does not rank junior in priority to the Liens securing the Secured Obligations.

  • 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 the Indebtedness under the First Lien Indebtedness Documents.