Long-Term Indebtedness. Agent shall be reasonably satisfied with the terms and conditions of any existing long-term Indebtedness of the Loan Parties and Guarantors to remain outstanding after the Original Closing Date, and to the extent requested by Agent, each holder of such long-term Indebtedness shall have entered into a Subordination Agreement with Agent;
Long-Term Indebtedness. Except as set forth in SCHEDULE 4.1(gg), the Corporation does not have outstanding any bonds, debentures, mortgages or notes, and is not under any obligation to create or issue any bonds, debentures, mortgages or notes. Furthermore, except as set forth in SCHEDULE 4.1(gg), the Corporation does not have any indebtedness maturing more than one year after the date of its creation or issuance and the Corporation is not under any agreement or obligation to create, incur or issue any such indebtedness.
Long-Term Indebtedness. The Corporation may incur Long-Term Indebtedness if prior to incurrence thereof or, if such Long-Term Indebtedness was incurred in accordance with another Subsection of this Section and the Corporation wishes to have such Indebtedness reclassified as having been issued under this Subsection (a), prior to such reclassification, there is delivered to the Bond Trustee:
Long-Term Indebtedness. Terra Industries will not, and will not permit any of its Subsidiaries to: (x) purchase, redeem, retire or otherwise acquire for value, or set apart any money for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of, or make any voluntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of (i) the Senior Secured Notes, (ii) the Senior Second Lien Notes, (iii) the Terra UK Debt or the Terra Canada Debt (below an aggregate outstanding principal amount of $35,000,000) or (iv) any other long-term indebtedness of Terra Industries and its Subsidiaries, other than (1) the redemption or repayment (it being understood that such terms include defeasance but do not include open market purchases) of the Senior Second Liens Notes directly with proceeds of the issuance by Terra Industries of its convertible preferred Stock (provided, that such convertible preferred Stock shall not have a scheduled redemption date that is prior to the original maturity date of the Senior Second Lien Notes), (2) Intercompany Indebtedness, with the exception of the aforementioned Terra UK Debt and Terra Canada Debt (provided, however, that no Intercompany Indebtedness of any Loan Party constituting Collateral shall be repaid or prepaid, including the Terra UK Debt and Terra Canada Debt, unless the Intercompany Indebtedness of such Loan Party constituting Shared Collateral has first been paid in full), and (3) except following the occurrence of an Event of Default which is continuing, the prepayment of Indebtedness under the MCC Credit Agreement (including, without limitation, any penalty or premium required to be paid in connection with such prepayment under the MCC Credit Agreement as in effect on the Effective Date), except in each case for regularly scheduled payments of principal and interest in respect thereof required pursuant to the Indentures, MCC Credit Agreement or other instruments evidencing such long-term Indebtedness; or (y) amend, in any manner materially adverse to the interests of the Lenders and the Issuers, the documentation creating or evidencing any long-term Indebtedness of Terra Industries and its Subsidiaries, except (with respect to the Indentures) amendments which are permitted by Section 8.11. Notwithstanding the foregoing restrictions, Terra Capital may also make open market purchases of the Senior Second Lien Notes and the Senior Secured Notes (each a “Senior...
Long-Term Indebtedness. The Institution may issue, incur, assume or guarantee Long-Term Indebtedness provided that (i) it maintains a debt rating in the “Baa/BBB” category (without regard to qualification of such ratings by symbols such as “+” or “-” and numerical notation) from at least one Rating Service and (ii) (a) such Long-Term Indebtedness issued in any Fiscal Year is in an amount less than or equal to ten percent (10%) of the amount of its unrestricted net assets as reported for the most recently concluded Fiscal Year for which audited financial statements are available or (b) the Institution provides to the Trustee a certificate of an Authorized Officer of the Institution containing pro forma calculations demonstrating that the maintenance covenants described in Section 2 of this Schedule D would be met for the most recently concluded Fiscal Year for which audited financial statements are available taking into account the additional Long-Term Indebtedness proposed to be issued. For purposes of calculating the Debt Service Coverage Ratio for such pro forma calculations, Annual Debt Service shall be equal to projected Maximum Annual Debt Service. Indebtedness which does not bear interest at a fixed rate will be deemed to bear interest at an annual rate equal to 120% of the weighted average annual interest rate borne by such Indebtedness over the 24-month period ending on the date of calculation (or with respect to such Long-Term Indebtedness issued during such 24-month period, 120% of the average of the most recent 24- month Bond Buyer 25 Revenue Bond Index). The principal of Balloon Indebtedness will be deemed to mature in equal annual installments over a term equal to the lesser of 20 years or the actual term of such Indebtedness. In the event the project to be financed with such additional Long-Term Indebtedness is reasonably expected to generate additional revenues, such revenues, net of anticipated expenses, may be included in the pro forma calculations of the Debt Service Coverage Ratio.
Long-Term Indebtedness. Effective as of the Closing, there is no outstanding Indebtedness of the Company and the Company Subsidiary other than outstanding Indebtedness that is reflected in the calculation of Closing Working Capital and therefore reflected in the calculation of the Adjusted Purchase Price, in which case such Indebtedness shall not be required to be repaid, satisfied, released or discharged effective as of the Closing and is permitted to remain outstanding from and after the Closing.
Long-Term Indebtedness. Except as disclosed in this Agreement or the Audited Financial Statements, WPC has no bonds, debentures, mortgages, promissory notes or other indebtedness outstanding that matures more than one year after the date of the creation or issuance of the same, and neither corporation is under any obligation to create or issue any bonds, debentures, mortgages, promissory notes or other indebtedness maturing more than one year after the date of their creation or issuance;
Long-Term Indebtedness. Except for the indebtedness that will be repaid at Closing in the amounts set forth in the Pay-Off Letters and the Italian Indebtedness, the Company and the Subsidiaries have no long-term indebtedness.
Long-Term Indebtedness. The Company has no long-term indebtedness.
Long-Term Indebtedness. Incur any indebtedness for money borrowed that becomes due and payable more than one year after such occurrence; provided, however, that the foregoing shall not prohibit Scotland from incurring such indebtedness (i) in the ordinary course of the taking of deposits or the funding of a particular loan, (ii) for the purpose of financing capital expenditures permitted by Section 9.08 hereof, and (iii) for the purpose of refinancing any indebtedness existing on the date hereof or permitted by this Agreement on terms at least as favorable to Scotland, so long as the consummation of the Merger or any related transaction will not constitute a violation of any term of any such indebtedness.
