Bridge Indebtedness definition

Bridge Indebtedness has the meaning specified in Section 7.03(m).
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Bridge Indebtedness means Indebtedness incurred by CareFusion Corporation and/or any other Subsidiary(ies) of the Performance Guarantor in an aggregate amount not in excess of $2,000,000,000 the proceeds of which (after deducting expenses) are required by the terms thereof to be used solely to pay one or more special dividends to the Performance Guarantor; provided that (i) neither the Performance Guarantor nor any of its Subsidiaries (other than CareFusion Corporation and its Subsidiaries) shall guarantee such Indebtedness after the consummation of the Spin-off or have any other liability with respect thereto and (ii) such Indebtedness shall be unsecured until after consummation of the Spin-off.
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Bridge Indebtedness means all payment and performance obligations as existing from time to time of the Borrower Parties to the lenders and the administrative agent, or any of them, under the definitive documentation in respect of the Bridge Facility (including any interest, fees and expenses that, but for the provisions of the Bankruptcy Code, would have accrued), or as a result of the making of loans thereunder.
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Examples of Bridge Indebtedness in a sentence

  • Amend, modify or change in any manner any term or condition of any Subordinated Indebtedness, Additional Unsecured Indebtedness or Bridge Indebtedness permitted by Section 7.03(i), (l) or (m) or refinance or replace any such Indebtedness so that the terms and conditions thereof are less favorable to the Administrative Agent, and the Lenders than the terms and conditions of the relevant Indebtedness as of the later of the Amendment No. 4 Effective Date or the date of incurrence thereof.


More Definitions of Bridge Indebtedness

Bridge Indebtedness means all present and future indebtedness of the Borrower to the Bridge Agent and the Bridge Lenders, absolute or contingent, determined or undetermined, cxxxxx or inchoate, matured or unmatured, howsoever arising or incurred under the Bridge Credit Agreement or under any of the other Bridge Loan Documents and includes all fees, costs, expenses and indemnity obligations under any of the Bridge Loan Documents and the indebtedness of the Borrower pursuant to any judgment obtained in respect of the failure by the Borrower to perform or observe any of its obligations under any of the Bridge Loan Documents;
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Bridge Indebtedness. Indebtedness that (i) is in an aggregate principal amount not to exceed $350,000,000 at any time outstanding, (ii) will not have a final maturity date less than 364 days after the date of execution of the definitive documentation for such Indebtedness, (iii) is used to finance the purchase of the Bridge Assets, (iv) is on terms and conditions not materially less favorable to the Borrower than those in this Agreement and (v) is not secured by a Lien on any asset other than the Bridge Collateral. For the avoidance of doubt, Bridge Indebtedness shall include Indebtedness under that certain Credit Agreement, dated as of December 2, 2021, by and among the Borrower, as borrower, the guarantors from time to time party thereto, the lenders from time to time party thereto, and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.
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Bridge Indebtedness means Indebtedness incurred by CareFusion Corporation and/or any other Subsidiary(ies) of the Company in an aggregate amount not in excess of $2,000,000,000 the proceeds of which (after deducting expenses) are required by the terms thereof to be used solely to pay one or more special dividends to the Company; provided that (i) neither the Company nor any of its Subsidiaries (not including CareFusion and its Subsidiaries) shall guarantee such Indebtedness after the consummation of the Spin-off or have any other liability with respect thereto and (ii) such Indebtedness shall be unsecured until after consummation of the Spin-off.
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Bridge Indebtedness means, collectively, all (i) the principal indebtedness under the Bridge Credit Agreement, (ii) interest (including interest at any default rate of interest provided for in the Bridge Loan Documents on the principal indebtedness under the Bridge Loan Documents, interest, fees, expenses, charges or other amounts accruing on or after the filing of any petition in bankruptcy or for reorganization at the rate or in the amount otherwise applicable thereto, whether or not any such interest, fees, expenses, charges or other amounts is an allowed claim), (iii) all premiums and fees (including post-petition fees and costs, including
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Bridge Indebtedness means all Indebtedness of the Borrower outstanding under the Bridge Agreement, which Indebtedness does not, at any time, exceed $170,000,000.
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Related to Bridge Indebtedness

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Permitted Convertible Indebtedness means senior, unsecured Indebtedness of the Borrower or any Restricted Subsidiary that is convertible into shares of common stock of the Borrower (or other securities or property following a merger event, reclassification or other change of the 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 other securities or property), and cash in lieu of fractional shares of common stock of the Borrower.

  • 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:

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.