Xxxx Xxxxxxx Debt definition

Xxxx Xxxxxxx Debt means the Indebtedness for Borrowed Money of the Borrower issued pursuant to the Xxxx Xxxxxxx Agreement and secured only by Liens on the Xxxx Xxxxxxx Collateral, in an aggregate principal amount not to exceed $175,000,000 (which is currently evidenced by three tranches of senior secured notes, two of which are due January 1, 2016 and one of which is due November 1, 2019), including any future extensions, refinancings or replacements so long as such principal limitation is not exceeded and the Liens securing such indebtedness do not extend to assets that constitute Collateral.

Xxxx Xxxxxxx Debt means the Indebtedness for Borrowed Money of the Borrower in an aggregate principal amount not to exceed $150,000,000 (which is currently evidenced by Senior Secured Notes due April 1, 2008, Senior Secured Notes due October 1, 2009, and Amended and Restated Senior Secured Notes due January 1, 2016) (including any future extensions of credit under the Xxxx Xxxxxxx Agreement for so long as such principal limitation is not exceeded) issued pursuant to the Xxxx Xxxxxxx Agreement, which is secured only by Liens in the Xxxx Xxxxxxx Collateral.

Xxxx Xxxxxxx Debt means that certain indebtedness owed to Xxxx Xxxxxxx Life Insurance Company for itself and as agent for the holder(s) thereof (“Xxxx Xxxxxxx”), in the aggregate original principal amount of $29,400,000, consisting of the following: (a) 6.9% Fixed Rate Senior Secured Note, dated June 15, 2007, in the original aggregate amount of $6,250,000 and with a maturity date of June 1, 2028; (b) 6.9% Fixed Rate Senior Secured Note, in the original aggregate amount of $6,250,000, that was reissued on September 1, 2011, in the aggregate amount of $6,236,022 and with a maturity date of June 1, 2028; (c) 6.9% Fixed Rate Senior Secured Note, in the original aggregate amount of $12,500,000, that was reissued on September 1, 2011 in the aggregate amount of $12,513,978 and with a maturity date of June 1, 2028; and (d) 5.5% Fixed Rate Senior Secured Note, dated April 12, 2011, in the aggregate original amount of $4,400,000 with a maturity date of June 1, 2028.

Examples of Xxxx Xxxxxxx Debt in a sentence

• The consent of Xxxx Xxxxxxx with respect to Buyer’s assumption of the Xxxx Xxxxxxx Debt shall not be a condition of closing under Article VII.

• The aggregate consideration for the Purchased Assets shall be $33,750,000 (the “Base Purchase Price”) plus the Assumed Liabilities (other than the Xxxx Xxxxxxx Debt), allocated among the Sellers in accordance with Section 2.5(a) of the Disclosure Schedules, as adjusted pursuant to Section 2.5(b), Section 2.7, Section 6.13, Section 6.14, and Section 6.15 (the “Purchase Price”).

• The proceeds of the Term Loan shall be applied by Borrower for repayment of a portion of the Xxxx Xxxxxxx Debt and for payment of fees and expenses in connection therewith.

• If Buyer is unable to obtain such consent prior to the Closing, Buyer shall be solely responsible for the repayment in full, at the Closing, of the Xxxx Xxxxxxx Debt, including any pre-payment penalties and any fees, expenses and costs relating thereto.

• The Agent shall have received a copy of the fully executed Note Purchase Agreement evidencing the Xxxx Xxxxxxx Debt.

• If the initial test fails to meet the standards, the Seller shall be responsible for the adjustment and a new round of test shall be conducted until the "equipment" reaches the quality index set forth for such work.

More Definitions of Xxxx Xxxxxxx Debt

Xxxx Xxxxxxx Debt means the unsecured Indebtedness of the Borrower in the principal amount not to exceed $80,000,000, evidenced by the Note Purchase Agreement dated as of March 15, 1998, between the Borrower, Xxxx Xxxxxxx Mutual Life Insurance Company and certain other Persons.