Additional Unsecured Debt definition

Additional Unsecured Debt means Indebtedness incurred pursuant to, and in accordance with, Section 6.01(j).

Additional Unsecured Debt means unsecured Indebtedness of Borrower and unsecured guarantees thereof by any Subsidiary Guarantors, the Ultimate Parent or any other parent company of Borrower that guarantees the Obligations, so long as (i) any such Indebtedness does not mature earlier than six months after the Revolving Maturity Date, (ii) such Indebtedness does not have any scheduled prepayment, amortization, redemption, sinking fund or similar obligations prior to the Revolving Maturity Date, (iii) such Indebtedness does not contain any financial maintenance covenants (whether stated as a covenant, default or otherwise), unless Borrower agrees to add similar financial maintenance covenants to this Agreement for the term of such Indebtedness that are more restrictive on Borrower (as reasonably agreed by the Administrative Agent) than the corresponding financial maintenance covenants applicable to such Indebtedness, (iv) such Indebtedness otherwise contains terms and conditions (excluding economic terms such as interest rate and redemption premiums) which, taken as a whole, are not more restrictive on Borrower and its Restricted Subsidiaries in any material respect than (A) the terms and conditions of the Senior Secured Notes Documents as in effect on the Closing Date (as reasonably determined in good faith by a Responsible Office of Borrower and certified as such to the Administrative Agent in an Officer’s Certificate of Borrower or (B) the terms and conditions then prevailing in the market for Indebtedness similar to the Senior Secured Notes, in each case as reasonably determined in good faith by a Responsible Officer of Borrower and certified as such to the Administrative Agent in an Officer’s Certificate of Borrower, and (v) such Indebtedness is not guaranteed by any person other than a Subsidiary Guarantor, the Ultimate Parent or any other parent company of Borrower that guarantees the Obligations.

Additional Unsecured Debt means Indebtedness of the Borrower that is unsecured and satisfies the applicable Additional Debt Requirements.

Examples of Additional Unsecured Debt in a sentence

• Promptly, from time to time, such other information regarding the operations, business affairs and financial condition of any Company, or compliance with the 101 terms of any Loan Document, any Senior Secured Notes Document, any Additional Second Lien Debt Document, any Additional Unsecured Debt Document or any Material Agreement, or the environmental condition of any Real Property or Rig, as any Agent or any Lender (through the Administrative Agent) may reasonably request.

• Create a biodiversity plan to preserve and enhance biodiversity in Oxford, with a focus on native species.

• The Borrower shall not, without the prior written consent of the Majority Lenders, enter into any amendment of, or agree to or accept any waiver which would adversely affect the rights of the Agent, the Lenders and the Issuing Banks under this Agreement or any other Loan Document, of (a) its certificate of incorporation and by-laws, (b) the Subordinated Debentures, or (c) the Reimbursement Agreement and any document evidencing or securing the Reimbursement Agreement, Additional Unsecured Debt or LGE Debt.

• Except for liabilities incurred in the normal course of business, neither the Borrower nor any of the Borrower's Subsidiaries has any material (individually or in the aggregate) liabilities, direct or contingent, except as disclosed or referred to in the financial statements referred to in Section 4.1(j) above or with respect to the Obligations, the Subordinated Debentures, the LGE Debt or the Additional Unsecured Debt.

• They order everybody out of the taxi and relieve them of their money, watches and jewellery.

More Definitions of Additional Unsecured Debt

Additional Unsecured Debt means the unsecured Funded Debt consisting of revolving credit lines made available to be borrowed by the Borrower after the Agreement Date, which are provided to the Borrower by one or more lenders, in an aggregate principal amount not exceeding $160 million, and on terms and conditions substantially similar to those set forth on Schedule A attached hereto, and evidenced by documentation in form and substance, acceptable to the Agent in its sole discretion."

Additional Unsecured Debt. (provided that the interest rate thereon may not be increased by more than the amount thereof that would be permitted by the Intercreditor Agreement if such Additional Unsecured Debt was a Senior Secured Note and no additional fees (other than customary consent fees or arrangement fees) or prepayment or redemption premiums shall be added thereto); or

Additional Unsecured Debt means unsecured Indebtedness of the Borrower or a Subsidiary Loan Party (that may be guaranteed by any Loan Party) that (a) does not have a stated maturity date prior to the date that is 90 days after the Latest Term Loan Maturity Date, (b) does not require any scheduled payment of principal (including pursuant to a sinking fund obligation) or amortization prior to the date that is 90 days after the Latest Term Loan Maturity Date, (c) contains non-pricing terms (including covenants, events of default, remedies, redemption provisions and sinking fund provisions) no less favorable to the Lenders than the terms of the Senior Notes and (d) bears a market rate of interest as determined by the Borrower’s Board of Directors.

Additional Unsecured Debt means the original principal amount of any Indebtedness described in Subparagraph 6.6(o) of this Agreement that is incurred by Borrower during the Term of this Agreement.

Additional Unsecured Debt additional unsecured Indebtedness of the Company, to the extent not otherwise permitted pursuant to the foregoing clauses, provided that (i) at the time of incurrence thereof, and after giving effect thereto, no Event of Default shall have occurred and be continuing or would result therefrom, (ii) Consolidated Debt shall at no time exceed 70% of Consolidated Total Capital, and (iii) at all times during a period of at least 45 consecutive days in each rolling twelve month period Consolidated Debt shall not exceed 60% of Consolidated Total Capital.

Additional Unsecured Debt and an Officer’s Certificate certifying that the increase of the Revolving Commitments under the Credit Agreement to $225 million and the incurrence and/or issuance of Revolving Loans, Letters of Credit and Bank Guarantees pursuant thereto are permitted by the Unsecured Notes Indenture and specifying the clauses under which such extensions of credit are so permitted;

Additional Unsecured Debt means any high yield notes, notes or other debt securities, loan or credit or debt facility which is not secured by assets of the Group and which is made to, or issued by (as applicable), either: (a) a member of the Group; or (b) a Holding Company of the Company, and which, in each case, the relevant Additional Unsecured Debt Obligations of members of the Group in respect of such Additional Unsecured Debt are required, pursuant to the terms of the Senior Secured Facilities Documents, to be subject to the terms of this Agreement as “Additional Unsecured Debt Obligations”.