New Debt. For a period of two-years from the Execution Date, neither the Company nor any Subsidiary shall enter into any agreement creating indebtedness for the Company or any Subsidiary, including but not limited to entering into (i) any mortgage, credit agreement or other facility, indenture agreement, factoring agreement or other instrument, under which there may be issued, or by which there may be secured or evidenced, any indebtedness for borrowed money or money due that involves, either individually or in aggregate with other such agreements, obligations greater than $25,000.00, and (ii) any equipment lease, agreement evidencing purchase money security interests, or other similar transaction in the ordinary course of business that involves, either individually or in aggregate with other such agreements, obligations greater than $100,000.00, in either case without the prior written consent of the Required Holder.
New Debt. Through and including the New Maturity Date, Borrower will not incur any additional debt except for unsecured trade debt incurred in the ordinary course of business without the prior written consent of Lender in its sole and absolute discretion.
New Debt. In the event a Borrower incurs Indebtedness consented to by Required Lenders which is not otherwise permitted pursuant to Paragraph 6.1 hereof, the net cash proceeds of such Indebtedness shall be paid directly to Agent for the account of the Lenders and applied to the Loan as set forth in subparagraph (v) below.
New Debt. Spinco shall have incurred the New Debt and shall have received the proceeds thereof, and TDCC shall have received the Spinco Consideration.
New Debt. Borrower and guarantors agree not to incur additional (new) financial obligations without LIDC's prior written consent other than normal trade debt and other debt which it can afford while still remaining profitable.
New Debt. Indebtedness secured by ownership or partnership interests in Real Estate Assets incurred by the Borrower after the date hereof pursuant to §9.1(f) that is not fully supported by one or more unencumbered Real Estate Assets (not including the Eligible Unencumbered Properties), and for the avoidance of doubt, neither the 2007 Term Loan or the 2008 Term Loan nor any refinancing thereof on substantially the same structure and collateral therefor shall constitute New Debt, unless the 2007 Term Loan or 2008 Term Loan is increased above the principal amount thereof on the date hereof.
New Debt. Within at most 5 (five) business days of the date on which Net Serviços incurs new Indebtedness (that is not Permitted Indebtedness, except in the case of Indebtedness for Refinancing, incurred for the first time by Net Serviços with regard to the Senior Secured Indebtedness), Net Serviços shall notify the Creditor Institutions with regard to the prepayment of the Principal Value for an amount equal to the product of i) 80% (eighty per cent) of (ii) the product of (a) the Prepayment Percentage and (b) the Cash Proceeds arising from the Indebtedness incurred or issued by Net Serviços and its Restricted Subsidiaries.
New Debt. MLP or its Affiliates will incur new indebtedness that will be used and subject to the restrictions and other matters as set forth in Schedule 6.6.
New Debt. BHI and the Hospital Association acknowledge that there is currently outstanding loans from Farmxx'x Xxxte Bank to the Hospital Association in the total collective amount of approximately One Hundred Eighty Thousand ($180,000.00) (the "Old Loan"), the repayment of which is secured by certain of the assets comprising the Leased Property. In order to repay in full the outstanding balance of the Old Loan and to provide additional financing to the Hospital Association for the purchase of the Additional Land, the amount of the loan from Morgxx Xxxnty Federal Savings & Loan Association to the Hospital Association has been increased by an amount not to exceed Three Hundred Thirty Thousand Dollars ($330,000). Accordingly, Section 4.1 of the Lease, as set forth in the Third Amendment and as subsequently amended by the Fourth Amendment, is hereby further amended by increasing the amount of $3,000,000.00 referenced in the last paragraph of Section 4.1 to an amount not to exceed $3,330,000.00. Section 4.1 is hereby further amended to provide that the payment by BHI of all principal and interest due under the New Debt shall be paid to the Hospital Association by deposit of the required amount into a separate account to be maintained in the name of the Hospital Association at Morgxx Xxxnty Federal Savings & Loan
New Debt. Section 4.1 is hereby amended to reflect that the "New Debt" as referenced therein shall be the amount of the loan from Morgxx Xxxnty Federal Savings & Loan Association to the Hospital Association in an amount not to exceed $3,680,000.00.
