Approved Indebtedness definition

Approved Indebtedness means any Indebtedness of DTAC and/or DTAG that satisfies all of the following criteria:
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Approved Indebtedness means, any Indebtedness of DTAG and/or DriveTime that satisfies all of the following criteria:
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Approved Indebtedness means collectively, (i) this Loan, (ii) the 955 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the PruExpress Loans, (v) the Tango Loan, (vi) the Bank of America Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (vii) the Public Unsecured BRE Debt, (viii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (ix) surety bonds which are obtained in the ordinary course of business, (x) Indebtedness secured by New Purchase Money Liens, (xi) Existing BRE Secured Debt, and (xii) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
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Examples of Approved Indebtedness in a sentence

  • Paying Approved Indebtedness of the RSC under the provisions of the By-Laws of the RSC, without incurring or assuming personal liability for such indebtedness.

  • Disburse monies for Approved Indebtedness of RSC subject to the By-Laws and approved budget of RSC and maintain records of such disbursement.

  • All payments of Approved Indebtedness made by RSC shall include the signature of the Treasurer and/or one of the following: President, Commissioner, or Secretary.

  • The definition of “Net Equity” in Section 1.1 of the Original Loan Agreement is hereby deleted and replaced with the following: Net Equity: the excess of the book value of the assets of the DT Entities On A Consolidated Basis over the book value of the liabilities of the DT Entities On A Consolidated Basis (excluding the aggregate amount of Approved Indebtedness at such time), in each case determined in accordance with GAAP.

  • If the proposed issuance or incurrence meets the standard of subparagraph (2) of the definition of Other Authorized Indebtedness, the County shall, within thirty (30) days of receipt of the Agency’s request and required accompanying documents, execute and deliver to the Agency a certificate to the effect that the proposed issuance or incurrence meets the standard of and constitutes Other Approved Indebtedness for purposes of this Agreement.

  • RECOMENDATION Staff recommends adoption of URA Resolution 2012‐017, A Resolution of the Urban Renewal Agency of the City of Sherwood, Oregon Approving Refinancing of Previously Approved Indebtedness to Obtain Debt Service Savings.


More Definitions of Approved Indebtedness

Approved Indebtedness means collectively, (i) this Loan, (ii) the 525 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the PruExpress Loans, (v) the Tango Loan, (vi) the Bank of America Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (vii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (viii) surety bonds which are obtained in the ordinary course of business, (ix) Indebtedness secured by New Purchase Money Liens, (x) Existing BRE Secured Debt, and (xi) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
Sample 1
Approved Indebtedness means collectively, (i) this Loan, (ii) the 525 Prudential Loan, (iii) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iv) the Union Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (v) the Tango Loan, (vi) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (vii) surety bonds which are obtained in the ordinary course of business, and (ix) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
Sample 1
Approved Indebtedness means any Indebtedness of DTAC and/or DTAG that is subordinated in right of payment and security (if such Indebtedness is secured) to all senior Indebtedness, whether or not secured, of each of DTAC and DTAG and such Indebtedness shall have a scheduled maturity date no earlier than 18 months following the Termination Date. To be deemed “Approved Indebtedness”, DTAC and/or DTAG shall either place a legend indicating such subordination on every note, ledger page or other document evidencing any part of the Indebtedness or deliver such documents to the Administrative Agent, on behalf of the Lenders.
Sample 1
Approved Indebtedness means collectively, (i) the Sanwa Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (ii) the Union Line of Credit (including amounts borrowed thereunder after the Closing Date in compliance with the terms hereof), (iii) debt incurred in the ordinary course of business to acquire goods, supplies, services or merchandise on normal trade credit, (iv) surety bonds which are obtained in the ordinary course of business, and (v) Capital Lease Obligations in an amount not to exceed, at any time, $1,000,000; provided, however, that in any and all events, such Approved Indebtedness shall be subject to, and included within the calculations relating to, the financial covenants set forth in Section 6.9 hereof.
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Approved Indebtedness has the meaning set forth in ------------------------ Exhibit X.
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Related to Approved Indebtedness

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Designated Indebtedness means any Indebtedness that has been designated by the Borrower at the time of the incurrence thereof as “Designated Indebtedness” for purposes of this Agreement in accordance with the requirements of Section 6.01.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Indebtedness means, without duplication, each of the following:

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

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Pledged Indebtedness means the Indebtedness evidenced by promissory notes and instruments listed on Schedule I hereto.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Adjusted Indebtedness means, at any date, the result of (a) Seller’s Indebtedness on such date, minus (b) the unpaid principal of Seller’s Subordinated Debt on such date (to the extent such Subordinated Debt is excluded from Seller’s Indebtedness in calculating Seller’s Adjusted Tangible Net Worth on such date in accordance with the definition thereof).

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Permitted Convertible Indebtedness means unsecured Indebtedness in the form of notes issued by the Borrower that (i) as of the date of issuance thereof contains terms, conditions, covenants, conversion or exchange rights, redemption rights and offer to repurchase rights, in each case, as are typical and customary for notes of such type, (ii) is convertible or exchangeable into a fixed number of shares of common stock of the Borrower (or Qualified Equity Interests following a merger event or other change of common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such Qualified Equity Interests), and cash in lieu of fractional shares of common stock of the Borrower, (iii) has a stated final maturity date that is no earlier than the date that is one hundred eighty (180) days after the Maturity Date (the “Earliest Date”), (iv) shall not be required to be repaid, prepaid, redeemed, repurchased or defeased (whether through scheduled amortization, principal payments, mandatory redemptions or payments of principal or otherwise), whether on one or more fixed dates, prior to the Earliest Date, except (x) upon the occurrence of an event of default, “fundamental change” or equivalent or (y) following the Borrower’s election to redeem such notes to the extent expressly permitted pursuant to Section 9.07(d) or as otherwise consented to by the Majority Lenders; provided that the right to convert such Indebtedness into Qualified Equity Interests, cash or any combination thereof shall not be deemed to violate this clause (iv), (v) is not supported by a Guaranty made or issued by any Subsidiary of the Borrower that is not an Obligor and (vi) does not provide for or require the payment of cash interest in excess of five and a half (5.5%) per annum2.

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Consolidated First Lien Indebtedness means Consolidated Total Indebtedness as of any date of determination that is secured by a Lien on any asset or property of the Borrower and its Restricted Subsidiaries, which Lien does not rank junior in priority to the Liens securing the Secured Obligations.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Estimated Indebtedness has the meaning set forth in Section 2.3(a).

  • Specified Indebtedness means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

  • Restricted Indebtedness means Indebtedness of the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).