Additional Debt definition

Additional Debt. With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that is secured by the related Mortgaged Property as of the Closing Date as set forth on Schedule 1 hereto, as increased or decreased from time to time pursuant to the terms of the related subordinate or pari passu loan documents (including any Intercreditor Agreement or subordination agreement).

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Additional Debt. With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that is secured by the related Mortgaged Property.

Additional Debt has the meaning set forth in Section 10.5(b).

Examples of Additional Debt in a sentence

Prior to any Additional Debt Closing Date, the Collateral Trustee shall forward to the Holders a notice of such issuance or incurrence of Additional Debt as soon as reasonably practicable but in no case less than ten (10) days prior to the Additional Debt Closing Date; provided that the Collateral Trustee shall receive such notice at least three (3) Business Days prior to the 10th day prior to such Additional Debt Closing Date.
An opinion of ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.A., special Delaware counsel to the Issuer, or other counsel acceptable to the Collateral Trustee, dated the Additional Debt Closing Date, in form and substance satisfactory to the Issuer.
Opinions of Dechert LLP, special counsel to the Issuer or other counsel acceptable to the Collateral Trustee, dated the Additional Debt Closing Date, in form and substance satisfactory to the Issuer and the Collateral Trustee.
The Additional Debt shall rank pari passu in all respects with the initial Debt of that Class.
Any additional issuance or incurrence of Debt shall be accomplished in a manner that will allow the Independent certified public accountants of the Issuer to accurately calculate original issue discount income to holders of the Additional Debt.

More Definitions of Additional Debt

Additional Debt means, in relation to any debt, any money, debt or liability due, owing or incurred under or in connection with:

Additional Debt means Indebtedness for borrowed money other than Indebtedness described in Section 7.03.

Additional Debt has the meaning set forth in Section 8.7.

Additional Debt shall have the meaning provided in Section 5.2(c).

Additional Debt means debt in respect of one or more series of senior unsecured notes, senior secured pari passu first Lien or junior Lien notes or subordinated notes (in each case issued in a public offering, Rule 144A or other private placement in lieu of the foregoing (and any Registered Equivalent Notes issued in exchange therefor)), pari passu first Lien, junior Lien or unsecured loans or secured or unsecured mezzanine Indebtedness, in each case issued, incurred or guaranteed by the Borrower or any Restricted Subsidiary after the Closing Date that: (i) except in the case of Extendable Bridge Loans, (A) in the case of debt incurred on a pari passu basis with the Obligations, does not mature on or prior to the Latest Maturity Date in effect as of the time such Additional Debt is incurred or (B) in the case of debt incurred on a junior Lien basis or unsecured, does not mature on or prior to the date that is 91 days after the Latest Maturity Date in effect as of the time such Additional Debt is incurred; (ii) except in the case of Extendable Bridge Loans with respect to their stated maturity date, (A) in the case of debt incurred on a pari passu basis with the Obligations, has a Weighted Average Life to Maturity equal to or longer than the remaining Weighted Average Life to Maturity of the then existing Term Loans (without giving effect to nominal amortization for periods where amortization has been eliminated as a result of a prepayment of the applicable Term Loans) or (B) in the case of debt incurred on a junior Lien basis or unsecured, has a Weighted Average Life to Maturity equal to or longer than the remaining Weighted Average Life to Maturity of the then existing Term Loans, plus 91 days; (iii) has affirmative and negative covenants (but not financial maintenance covenants) and events of default (other than, for the avoidance of doubt, maturity, fees, discounts, interest rate, redemption terms and redemption premiums) which, if not consistent with the terms of the Loans, shall not be materially more restrictive to the Loan Parties when taken as a whole (as reasonably determined by the Borrower) than the terms of the Loans; (iv) does not have financial maintenance covenants more restrictive than, or in addition to, the covenant set forth in Section 7.11 unless (I) the Loans have the benefit of such financial maintenance covenant on the same terms, (II) the Loans have in the future been provided with the benefit of a financial maintenance covenant, in which case such...

Additional Debt. Any Debt issued or incurred pursuant to Section 2.13.

Additional Debt. Indebtedness, other than Indebtedness pursuant to the Loan Agreement and TALF Debt.