Aleris Indebtedness Sample Clauses
The "Aleris Indebtedness" clause defines and governs the types and limits of debt that Aleris, the specified party, is permitted to incur under the agreement. Typically, this clause outlines what constitutes "indebtedness" for Aleris, such as loans, credit facilities, or guarantees, and may set thresholds or require lender consent for new borrowings. By clearly specifying these parameters, the clause helps manage financial risk and ensures that Aleris does not take on excessive debt that could jeopardize its financial stability or the interests of other parties to the contract.
Aleris Indebtedness. The Administrative Agent shall have received evidence reasonably satisfactory to it that all Indebtedness of Aleris and its Subsidiaries and other accrued and outstanding obligations in respect thereof (other than Indebtedness permitted under Section 6.01) has been repaid in full, all commitments thereunder have been terminated, and all security interests in connection therewith have been released, or, in the case of each of the foregoing, will be repaid in full, terminated and released, as applicable, substantially concurrently with the Aleris Acquisition Closing Date after giving effect to the application of proceeds thereof.
Aleris Indebtedness. The Administrative Agent shall have received evidence reasonably satisfactory to it that all Indebtedness of Aleris and its Subsidiaries and other accrued and outstanding obligations in respect thereof (other than Indebtedness permitted under Section 6.01 of the Amended Credit Agreement) has been repaid in full, all commitments thereunder have been terminated, and all security interests in connection therewith have been released, or, in the case of each of the foregoing, will be repaid in full, terminated and released, as applicable, substantially concurrently with the funding of the Escrowed Amounts to the Incremental Borrower (or to the Person designated by the Incremental Borrower to receive such Escrowed Amounts pursuant to Section 2.21 of the Amended Credit Agreement) on the Aleris Acquisition Closing Date after giving effect to the application of proceeds thereof.
Aleris Indebtedness. The Administrative Agent shall have received evidence reasonably satisfactory to it that all Indebtedness of Aleris and its Subsidiaries and other accrued and outstanding obligations in respect thereof (other than Indebtedness permitted under Section 6.01) has been repaid in full, all commitments thereunder have been terminated, and all security interests in connection therewith have been released, or, in the case of each of the foregoing, will be repaid in full, terminated and released, as applicable, substantially 1066931.03C-CHISR01A - MSW concurrently with the funding of the Term Loans on the Closing Date after giving effect to the application of proceeds thereof.
Aleris Indebtedness. The Administrative Agent shall have received evidence reasonably satisfactory to it that all Indebtedness of Aleris and its Subsidiaries and other accrued and outstanding obligations in respect thereof (other than Indebtedness permitted under Section 6.01) has been repaid in full, all commitments thereunder have been terminated, and all security 135 1120544.02G-CHISR02A - MSW