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.

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

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).

Examples of Bridge Debt in a sentence

• 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”).

• The Administrative Agent shall have received copies of the Subordinated Debt Documents relating to the Subordinated Bridge Debt, certified by a Financial Officer as complete and correct.

• After giving effect to the Transactions, neither the Parent Borrower nor any of the Subsidiaries shall have outstanding any shares of preferred stock (or other Preferred Equity Interests) or any Indebtedness, other than (i) Indebtedness incurred under the Loan Documents, (ii) the Subordinated Bridge Debt, (iii) the Preferred Stock and (iv) other Indebtedness expressly permitted by clauses (iii) and (iv) of Section 6.01(a).

• The terms and conditions of the Subordinated Bridge Debt and the provisions of the Subordinated Debt Documents relating to the Subordinated Bridge Debt shall be satisfactory to the Lenders.

• The proceeds of the Term Loans, together with the proceeds of the Equity Financing and the Subordinated Bridge Debt, will be used only for the payment of (a) amounts payable under the Recapitalization Agreement as consideration for the Recapitalization and (b) fees and expenses payable in connection with the Transactions.

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 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).

Bridge Debt shall have the meaning set forth in Section 6.4(a).