NATIONAL CITY DEBT definition

NATIONAL CITY DEBT. Indebtedness of the Borrower in the original principal amount of $900,000 under the Commercial Installment Note (with Financial Covenants), dated as of June 6, 1999, issued to National City Bank of Pennsylvania ("NCB") and in an aggregate principal amount of $2,000,000 under the Commercial Note: Demand Line of Credit dated March 25, 2000 issued to NCB, in each case as the same may be amended, supplemented or otherwise modified from time to time as permitted by Section 6.10.
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Related to NATIONAL CITY DEBT

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of Holdings and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.