Specified Indebtedness Sample Clauses


Specified Indebtedness will have the meaning specified in Section 14, except that such term shall not include obligations in respect of deposits received in the ordinary course of Party As banking business.


Specified Indebtedness : with respect to any person, means all obligations of that person identified as Specified Indebtedness in Section 14, except as excluded in the proviso to this definition, as well as all reimbursement obligations in respect of letters of credit, financial guaranty insurance or surety bonds issued for the account of that person and trade debt incurred other than through borrowings; provided, however, that indebtedness or obligations in respect of deposits received in the ordinary course of the banking business of such person shall not constitute Specified Indebtedness.

Specified Indebtedness. The Borrower shall have consummated an issuance of senior unsecured Convertible Bond Indebtedness by its issuance, pursuant to an indenture dated as of July 27, 2016, of Convertible Senior Notes due 2022 having a final maturity no earlier than 120 days after the later of the Revolving Credit Maturity Date and the Term Loan Maturity Date and resulting in gross proceeds to the Borrower of not less than $300,000,000 (the Specified Indebtedness).