Assumed Acquisition Debt definition
Assumed Acquisition Debt has the meaning assigned to such term in Section 6.01(n).
Assumed Acquisition Debt means any Debt of a Person (the “Transaction Party”) that is (a) existing at the time such Transaction Party is amalgamated, merged with or into or consolidated with a Borrower or any Subsidiary in a transaction permitted by this Agreement, provided that such Debt (i) was in existence prior to and not incurred in the contemplation of such amalgamation, merger or consolidation and (ii) is not guaranteed by any Persons which were not Subsidiaries of such Transaction Party prior to such amalgamation, merger or consolidation (except if such Person at no time has assets other than assets that were owned by such Transaction Party immediately prior to such amalgamation, merger or consolidation; or (b) existing at the time of acquisition of such Transaction Party by a Borrower or any Subsidiary in a transaction permitted by this Agreement, provided that such Debt (i) was in existence prior to and was not incurred in the contemplation of such acquisition and (ii) is not guaranteed by any Persons which were not Subsidiaries of such Transaction Party prior to such acquisition (except if such Person at no time has assets other than assets that were owned by such Transaction Party immediately prior to such acquisition).
Assumed Acquisition Debt has the meaning set forth in the definition of “Permitted Indebtedness”.
More Definitions of Assumed Acquisition Debt
Assumed Acquisition Debt has the meaning specified in Section 7.02(2)(n).
Assumed Acquisition Debt means any Indebtedness of any Person that becomes a Restricted Subsidiary after the Issue Date pursuant to a Permitted Investment, which Indebtedness is (i) existing at the time such Person becomes a Restricted Subsidiary, (ii) not incurred in contemplation of such person becoming a Restricted Subsidiary and (iii) non-recourse to the Issuer or any other Restricted Subsidiary (other than any Person that becomes a Subsidiary in connection with the foregoing and its Subsidiaries).