Borrowed Sample Clauses

Borrowed. Money to the extent secured by a Security Interest permitted by paragraphs (c) (d) (e) (f) and (l) of the definition of Permitted Security Interest, but only for so long as such Security Interest remains a Permitted Security Interest;
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Borrowed. For purposes of this Agreement, a Guaranty shall not include (i) any bond obligations of, or any Guaranty of or letter of credit securing performance by, a Borrower or a Restricted Subsidiary undertaken or incurred in the ordinary course of its business (other than in connection with the borrowing of money or obtaining of credit) as presently conducted for or on behalf of a Borrower or a Restricted Subsidiary and (ii) a guaranty or other obligation consisting of a pledge of such Person's interest in the equity interest in any Unrestricted Subsidiary, provided that recourse under such guaranty or obligation secured by such pledge shall be limited solely to such Person's interest in the equity interest in such Unrestricted Subsidiary so pledged.
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Borrowed. Money — with respect to any Obligor, without duplication, its (a) Indebtedness (other than, for purposes of determining Indebtedness of the Consolidated Parties on a consolidated basis and for purposes of the definitions of the terms “Consolidated Interest Charges” and “Fixed Charges”, intercompany Indebtedness) that (i) arises from the lending of money by any Person to such Obligor, (ii) is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, (iii) accrues interest or is a type upon which interest charges are customarily paid (excluding trade payables owing in the Ordinary Course of Business), or (iv) was issued or assumed as full or partial payment for Property; (b) Capital Leases; (c) reimbursement obligations with respect to letters of credit; and (d) guaranties of any Indebtedness of the foregoing types owing by another Person. Borrower or Borrowers — as defined in the first paragraph of this Agreement.
Sample 1
Borrowed. For purposes of calculating Pro Forma Debt Service hereunder, when interest payments for the four-quarter period immediately succeeding the calculation date are not fixed by way of Interest Rate Hedge Agreements, Fixed Rate Advances, or otherwise for the entire period, interest shall be calculated on such Indebtedness for Money Borrowed for periods for which interest payments are not so fixed at the LIBOR Basis (based on the then current adjustment under Section 2.3(g) hereof) for a LIBOR Advance having an Interest Period of three (3) months as determined on the date of calculation; provided, however, that if such LIBOR Basis cannot be -------- ------- determined in the reasonable opinion of the Administrative Agent, such interest shall be calculated using the Base Rate Basis as then in effect.
Sample 1
Borrowed. Money — with respect to any Obligor, without duplication, its (a) Debt that (i) arises from the lending of money by any Person to such Obligor, (ii) is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, (iii) accrues interest or is a type upon which interest charges are customarily paid (excluding trade payables owing in the Ordinary Course of Business), or (iv) was issued or assumed as full or partial payment for Property; (b) Capital Leases; (c) reimbursement obligations with respect to letters of credit; and (d) guaranties of any Debt of the foregoing types owing by another Person. Borrowing — a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the same day. Borrowing Base — on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve; and (b) the sum of up to 85% of the Value of Eligible Accounts, plus the lessor of (i) the sum of up to 60% of the Value of Eligible Inventory, and (ii) $80,000,000, minus the Availability Reserve. Borrowing Base Certificate — a certificate, in the form of Exhibit E, in form and substance satisfactory to Agent, by which Borrower certifies calculation of the Borrowing Base. Business Day — (a) any day excluding Saturday, Sunday and any other day on which banks are permitted to be closed under the laws of the Province of Ontario or the Province of Quebec. Capital Adequacy Regulation — any law, rule, regulation, guideline, request or directive of any central bank or other Governmental Authority, whether or not having the force of law, regarding capital adequacy of a bank or any Person controlling a bank. Capital Expenditures — all liabilities incurred, expenditures made or payments due (whether or not made) by Borrower or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. Capital Lease — any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Cash Collateral — cash, and any interest or other income earned thereon, that is delivered to Agent to Cash Collateralize any Obligations. Cash Collateral Account — a demand deposit, money market or other account established by Agent at such financial institution as Agent may select in its discretion, which account shall be...
Sample 1
Borrowed. Money (other than the Obligations) prior to its due date under the agreements evidencing such Debt as in effect on the Closing Date or, with respect to the SBA PPP Loan, on the date that such Debt was incurred (or, in each case, as amended thereafter with the consent of Agent); provided that (i) Borrowers may make unscheduled term debt repayments (other than repayments of any portion of the SBA PPP Loan not forgiven pursuant to Section 1106 of the CARES Act) so long as the Payment Conditions have been satisfied and (ii) for the avoidance of doubt, Borrowers may make regularly scheduled payments of principal and interest on any portion of the SBA PPP Loan not forgiven pursuant to Section 1106 of the CARES Act.
Sample 1
Borrowed. Money — with respect to any Obligor, without duplication, its (a) Indebtedness that (i) arises from the lending of money by any Person to such Obligor, (ii) is evidenced by notes, drafts, bonds, debentures, credit documents, or similar instruments, or (iii) was issued or assumed as full or partial payment for Property, (b) Capital Leases, (c) reimbursement obligations with respect to letters of credit, and (d) guaranties of any Indebtedness of the foregoing types owing by another Person. Borrower — Amkor, and any other Restricted Subsidiary of Amkor, if any, that hereafter becomes a Borrower pursuant to a joinder agreement executed by such Restricted Subsidiary, Amkor, the Agent and each Lender, in form and substance satisfactory to Agent and such Lenders.
Sample 1

Related to Borrowed

  • Indebtedness for Borrowed Money The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent:

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Contingent Obligations Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create or become or remain liable with respect to any Contingent Obligation, except:

  • Permitted Contingent Obligations Contingent Obligations (a) arising from endorsements of Payment Items for collection or deposit in the Ordinary Course of Business; (b) arising from Hedging Agreements permitted hereunder; (c) existing on the Closing Date, and any extension or renewal thereof that does not increase the amount of such Contingent Obligation when extended or renewed; (d) incurred in the Ordinary Course of Business with respect to surety, appeal or performance bonds, or other similar obligations; (e) arising from customary indemnification obligations in favor of purchasers in connection with dispositions of assets permitted hereunder; (f) arising under the Loan Documents; (g) arising under guarantees of the Subordinated Debt, provided that such guarantee shall be subordinated to the same extent as the Subordinated Debt is subordinated to Obligations; (h) arising with respect to customary indemnification obligations in favor of sellers in connection with Permitted Acquisitions; (i) Earn-Out Obligations incurred in connection with Permitted Acquisitions as long as the maximum amount of all liabilities that may arise pursuant to all such Earn-Out Obligations does not exceed $2,000,000 in the aggregate, (j) arising with respect to customary provisions of any customer agreement or purchase order incurred in the Ordinary Course of Business; or (k) in an aggregate amount of $1,000,000 or less at any time.

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Recourse Indebtedness As of any date of determination, any Indebtedness (whether secured or unsecured) which is recourse to REIT, the Borrower or any of their respective Subsidiaries. Recourse Indebtedness shall not include Non-Recourse Indebtedness, but shall include any Non-Recourse Exclusions at such time a written claim is made with respect thereto. Register. See §18.2. REIT. Xxxxxx Validus Mission Critical REIT, Inc. a Maryland corporation. REIT Status. With respect to a Person, its status as a real estate investment trust as defined in §856(a) of the Code.

  • No Indebtedness Buyer will not create, incur, assume, guarantee or otherwise become liable with respect to any obligation for borrowed money, indebtedness, capitalized lease or similar obligation, except in the ordinary course of business consistent with past practices, where the entire net proceeds thereof are deposited with and used by and in connection with the business of Buyer.

  • Repayment of Indebtedness Except as disclosed in the Registration Statement and the Prospectus, the Company does not intend to use any of the proceeds from the sale of the Shares to repay any debt owed to the Sales Agent or the Forward Seller or any affiliate thereof.

  • Prepayments of Indebtedness Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Indebtedness, or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) as long as no Default or Event of Default then exists, regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness (other than Subordinated Indebtedness), and (ii) Subordinated Indebtedness in accordance with the subordination terms thereof, (b) voluntary prepayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness) as long as the Payment Conditions are satisfied, and (ii) Subordinated Indebtedness in accordance with the subordination terms thereof and as long as the Payment Conditions are satisfied, and (c) Permitted Refinancings of any such Indebtedness.