Applicable Indebtedness definition

Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

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Applicable Indebtedness means the Indebtedness of the Company Group as of the last day of the applicable Measurement Period (measured on a consolidated basis in accordance with GAAP) as reflected on the financial statements of the Company as of such day.

Applicable Indebtedness of any Person shall mean all Indebtedness of such Person other than trade payables incurred in the ordinary course of business which are not evidenced by an Indebtedness Instrument.

Examples of Applicable Indebtedness in a sentence

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within five (5) Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased, repaid or prepaid with any such Net Cash Proceeds, the declined amount of such Net Cash Proceeds shall promptly (and, in any event, within 10 Business Days after the date of such rejection) be applied to prepay Loans in accordance with the terms hereof (to the extent such Net Cash Proceeds would otherwise have been required to be applied if such Other Applicable Indebtedness was not then outstanding).

• To the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased, repaid or prepaid with any such Net Proceeds, the declined amount of such Net Proceeds shall promptly (and, in any event, within 10 Business Days after the date of such rejection) be applied to prepay Term Loans in accordance with the terms hereof (to the extent such Net Proceeds would otherwise have been required to be applied if such Other Applicable Indebtedness was not then outstanding).

• If required by the Lender, Buyer shall deliver ------------------- to Seller a document, acceptable in form and substance to the Lender, by which Buyer shall assume Seller's obligations with respect to the Applicable Indebtedness.

• If any Excess Proceeds remain after consummation of an Asset Sale Offer and any other offers made pursuant to the immediately preceding paragraph in respect of Priority Applicable Indebtedness and Other Applicable Indebtedness, the Parent, the Company or the applicable Restricted Subsidiary may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture and the Intercreditor Agreements.

More Definitions of Applicable Indebtedness

Applicable Indebtedness shall have the meaning provided in the definition of Weighted Average Life to Maturity;

Applicable Indebtedness has the meaning ascribed to such term in Section 8(f)(iv).

Applicable Indebtedness means senior unsecured long-term debt of the Company.

Applicable Indebtedness means, in respect of any asset that is the subject of an Asset Sale, Indebtedness of the Issuer secured by a Permitted Lien on such asset or Indebtedness of a Guarantor secured by a Permitted Lien on such asset.

Applicable Indebtedness means in respect of any asset, Indebtedness that is pari passu with the Notes.

Applicable Indebtedness has the meaning assigned to such term in the definition of “Asset Disposition”.

Applicable Indebtedness shall have the meaning assigned to such term in the definition of “Weighted Average Life to Maturity.” “Applicable Margin” means: (a) with respect to the Initial Term B Loans, the following percentages per annum, based upon the First Lien Leverage Ratio as set forth in the most recent certificate received by the Agent pursuant to Section 4.2(b): Pricing Level First Lien Leverage Ratio Applicable Margin for Term SOFR Loans Applicable Margin for Base Rate Loans 1 Greater than or equal to 3.20:1.00 3.75% 2.75% 2 Less than 3.20:1.00 3.50% 2.50% (b) with respect to the Initial Term A Loans and Revolving Loans, the following percentages per annum, based upon the Total Leverage Ratio as set forth in the most recent certificate received by the Agent pursuant to Section 4.2(b): Pricing Level Total Leverage Ratio Applicable Margin for RFR Loans and Eurocurrency Rate Loans Applicable Margin for Base Rate Loans and Swing Loans that are Base Rate Loans 1 Greater than or equal to 3.50:1.00 2.25% 1.25% 2 Less than 3.50:1.00 and greater than or equal to 2.75:1:00 2.00% 1.00% 3 Less than 2.75:1:00 and greater than or equal to 2.00:1:00 1.75% 0.75% 4 Less than 2.00:1.00 1.50% 0.50% Notwithstanding anything to the contrary in this definition, during the period from the Closing Date until the date on which financial statements are delivered to the Agent under subsection 4.1(a) or (b) for the first full Fiscal Quarter period of the Parent Borrower completed after the Closing Date, the Applicable Margin for Initial Term B Loans, Initial Term A Loans and Revolving Loans shall be determined by “Pricing Level 1” set forth in the applicable grid above. Any increase or decrease in the Applicable Margin for Initial Term B Loans, Initial Term A Loans and Revolving Loans resulting from a change in the First Lien Leverage Ratio or Total Leverage Ratio, as applicable, shall become effective as of the first Business Day immediately following the date financial statements are delivered to the Agent pursuant to subsections 4.1(a) and 4.1(b); provided that the highest pricing level (as set forth in the applicable table above) shall automatically apply (a) as of the first Business Day after the date on which financial statements were required to have been delivered pursuant to subsection 4.1(a) or 4.1(b) but have not been delivered pursuant to subsection 4.1(a) or 4.1(b), as applicable, and shall continue to so apply to and including the date on which such financial statements are so delivere...