Bridge Debt definition

Bridge Debt means any Debt incurred pursuant to Section 5.07(b)(iv) relating to a bridge financing of any Asset Sale.

Bridge Debt means all present and future moneys, debts and liabilities due, owing or incurred by any Obligor to any Bridge Finance Party under or in connection with any Bridge Finance Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise).

Bridge Debt has the meaning assigned to such term in Section 6.01(l).

Examples of Bridge Debt in a sentence

• The New Bridge Debt has a term of w days, subject to a possible extension of up to one year in the case of a portion of the New Bridge Debt, a variable interest rate based on the Prime Rate or the Eurodollar rate and is unsecured.

• The proceeds of the New Bridge Debt and the New LP 5 Notes were used as follows: (a) $dd was loaned by Finance Company 3 to a wholly-owned indirect subsidiary, through an intercompany loan to repay existing indebtedness, (b) $ee was placed by Finance Company 3 in an interest-bearing account that is intended to secure the payment of interest on the New Bridge Debt and (c) the remaining amounts were used to pay fees and expenses of the parties and the lenders.

• LP 2 and LP 4 each provided a guarantee of the New Bridge Debt, in the maximum amount of $x million and $y million, respectively.

• This Assignment is made as additional security for the payment of a certain bridge loan from Assignee to Assignor in the original aggregate principal sum of Four Hundred Thousand US Dollars ($400,000), made pursuant to that certain Bridge Debt Agreement (“Loan”) dated as of the date hereof (as amended, substituted, restated or modified from time to time, the “Loan Agreement”), among Assignor, as borrower, and Assignee (“Lender”).

• As set out in Section 8.1.1 above, the Bridge Debt is repayable in cash or Shares in the order specified in Section 8.1.1 (a) to (f).

More Definitions of Bridge Debt

Bridge Debt means the indebtedness owing under the Bridge Credit Agreement.

Bridge Debt has the meaning ascribed thereto in Section 8.02(c)(ii) hereof.

Bridge Debt means indebtedness of Cash Sub in the aggregate principal amount of $200 million for the purposes of consummating the transactions contemplated by this Agreement.

Bridge Debt means Debt of Borrower to one or more of the Lenders in an aggregate amount outstanding at any time not to exceed Seventy-Five Million and No/100 Dollars ($75,000,000.00), which Debt may be included in the Obligations and secured by the Collateral, but, if it is secured by the Collateral, shall be subordinate to the Credit Facilities for certain purposes as set forth in Section 10.6.

Bridge Debt means indebtedness in the outstanding principal amount of not more than $11,700,930.37 on the Initial Closing Date, and (after giving effect to a required payment on June 20, 1997) not more than $4,959,243.37 from and after June 20, 1997, owed by the Owner Trustee to NationsBank pursuant to the Bridge Loan Documents.

Bridge Debt means Debt of AMRESCO to one or more of the Lenders in an aggregate amount outstanding at any time not to exceed Fifty Million and No/100 Dollars ($50,000,000.00), which Debt may be included in the Obligations and secured by the Collateral, but, if it is secured by the Collateral, shall be subordinate to the Credit Facilities for certain purposes as set forth in Section 10.6.

Bridge Debt means all Liabilities of any Obligor to any Bridge Creditor under or in connection with any Bridge Finance Document (including Term Loans as defined in the Bridge Facility Agreement).