Examples of Financial Indebtedness in a sentence
No Obligor shall, and shall procure that none of its Subsidiaries will, incur any Financial Indebtedness, other than Permitted Debt.
No Financial Indebtedness shall be incurred on behalf of the Company or any subsidiary of the Company or against the security of any of the Portfolio or the property of any subsidiary of the Company unless the Board has given its prior written approval to the Company or that subsidiary incurring that Financial Indebtedness.
An executory attachment (uitvoerend beslag/saisie exécutoire) or other similar process is enforced upon or against all or any part of the property, assets or revenues of the Issuer or any Subsidiary, provided that the aggregate amount of the Financial Indebtedness in respect of which such executory attachment is enforced amounts to at least EUR 5,000,000 or its equivalent and is not discharged or stayed within 60 Business Days.
The Issuer shall not, and shall procure that none of its Subsidiaries, incur any Financial Indebtedness, provided however that the Issuer and the Subsidiaries have a right to incur Financial Indebtedness that constitute Permitted Debt, if such Permitted Debt is incurred on market terms (or better).
In case of enforcement of the Shared Security, any enforcement proceeds will first be applied towards repayment of the Financial Indebtedness incurred by the Issuer under the Super Senior RCF and the Super Senior Xxxxxx and secondly towards redemption of the Bonds.