Common use of Settlement Debt Clause in Contracts

Settlement Debt. The amount of any Indebtedness shall be determined without giving effect to any ▇▇▇▇-to-market increase or decrease resulting from the purchase accounting impact of corporate or portfolio acquisitions or any ▇▇▇▇-to-market remeasurement of the amount of any Indebtedness denominated in a Foreign Currency. Indebtedness shall not include obligations under any assessment, performance, bid or surety bond or any similar bonding obligation.

Appears in 2 contracts

Sources: Global Senior Credit Agreement (Prologis), Global Senior Credit Agreement (Prologis)