Additional Debt Incurrence definition

Additional Debt Incurrence means the incurrence of any Debt by the Borrower or any of its Subsidiaries after the date hereof of the type referred to in clauses (i), (ii) or (vii) of the definition of "Debt" herein, other than Debt (i) under the Loan Documents, or the Subordinated Notes, (ii) which constitutes a permitted refinancing of Debt hereunder, (iii) which is secured by a Lien permitted by Section 5.09(c) or (iv) expressly permitted by Sections 5.10(f) or (g).
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Additional Debt Incurrence means the incurrence of any Debt by the Borrower or any of its Subsidiaries (other than Debt which is permitted under (x) Section 5.10(f)(ii), the proceeds of which are used, or to be used within 270 days of the issuance thereof, to make Permitted Acquisitions or (y) any other Section of Section 5.10) to which the Required Lenders have consented.
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Additional Debt Incurrence appearing in Section 1.01 of the Credit Agreement is hereby amended by inserting the words "as in effect on the Effective Date" immediately following the text "Section 5.10" appearing in the parenthetical thereof.
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Examples of Additional Debt Incurrence in a sentence

  • Each Additional Debt Incurrence shall be subject to terms of the Transaction Documents, including, without limitation, Section 14 of this Note.

  • For purposes of clarity, nothing in this Section 9(a) shall be deemed a waiver by the Holder of the obligations of the Company pursuant to this Note or the Transaction Documents with respect to an Additional Debt Incurrence.

  • If by such twentieth (20th) Trading Day, no public disclosure regarding the Additional Debt Incurrence has been made, and no notice regarding the abandonment of such transaction has been received by such Holder, such transaction shall be deemed to have been abandoned and such Holder shall not be deemed to be in possession of any material, non-public information with respect to the Company or any of its Subsidiaries.

  • Any repayment of Term Loans required pursuant to this Section 2.08(a) as a result of an Additional Debt Incurrence shall be applied to reduce the amount of subsequent scheduled repayments of Term Loans required pursuant to Section 2.04(b) in inverse chronological order thereof.

  • No Debt incurred pursuant to an Additional Debt Incurrence shall mature, or provide for any amortization or other mandatory payment of principal, or other repayment (in the absence of default) or right of redemption at the option of the holder thereof, prior to the Maturity Date.


More Definitions of Additional Debt Incurrence

Additional Debt Incurrence. Event shall mean the incurrence by the Borrower or any of its Subsidiaries of Indebtedness in an aggregate principal amount of $3,000,000 or greater after the Seventh Amendment Effective Date. Additional Reporting Period shall mean the period commencing on the Seventh Amendment Effective Date and ending on the earlier of (i) the receipt by the Administrative Agent of a Compliance Certificate showing that the Leverage Ratio of the Loan Parties as of the most recently ended fiscal quarter is less than 2.25 to 1.00 and (ii) the repayment in full of all outstanding Term Loans and the reduction by the Borrower of the Revolving Credit Commitments to an aggregate amount not to exceed $75,000,000. Administrative Agent shall mean PNC Bank, National Association, and its successors and assigns, in its capacity as administrative agent hereunder. Administrative Agent’s Fee shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].
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