Examples of CARES Debt in a sentence

All applications, documents and other information submitted to any Governmental Authority with respect to the CARES Debt shall be true and correct.
No Lender or any of its Affiliates is deemed an “affiliate” of any Obligor or any of its Subsidiaries for any purpose related to the CARES Debt, including the eligibility criteria with respect thereto.
Anything to the contrary contained in this Agreement notwithstanding, agree to any amendment, restatement, supplement, waiver or other modification of the CARES Debt if the effect of such amendment, restatement, supplement, waiver or other modification would be materially adverse to Obligors or the Lenders.
Anything to the contrary contained in this Agreement notwithstanding, the Agent shall not have a Lien on the CARES Account (or any cash proceeds of the CARES Debt held in the CARES Account).
Each Obligor acknowledges and agrees that (a) it has consulted its own legal and financial advisors with respect to all matters related to CARES Debt (including eligibility criteria) and the CARES Act – Title I, (b) it is responsible for making its own independent judgment with respect to CARES Debt and the process leading thereto, and (c) it has not relied on Agent, any Lender or any of their respective Affiliates with respect to any of such matters.

More Definitions of CARES Debt

CARES Debt means unsecured Indebtedness in an aggregate principal amount not to exceed $835,300 advanced by (a) any Governmental Authority (including the Small Business Administration) or any other Person acting as a financial agent of a Governmental Authority or (b) any other Person to the extent such Indebtedness under this clause (b) is guaranteed by a Governmental Authority (including the Small Business Administration), in each case, pursuant to the CARES Act; provided that, unless otherwise approved by the Lender, CARES Debt shall (i) be used by the Borrower solely for purposes permitted under the CARES Act, (ii) have a maturity date not less than two (2) years after the date of incurrence of the CARES Debt, (iii) bear interest at a rate not greater than one percent (1%) per annum, (iv) not require any payments of principal prior to maturity, and (v) otherwise have terms customary for loans made pursuant to the CARES Act, taken as a whole.

CARES Debt means any loan by (i) any Governmental Authority (including the Small Business Administration) or any other Person acting as a financial agent of a Governmental Authority or (ii) any other Person to the extent such loan is guaranteed by a Governmental Authority (including the Small Business Administration), in each case pursuant to the CARES Act - Title I.

CARES Debt means unsecured Indebtedness of any Restricted Subsidiary acquired in connection with a Permitted Acquisition (but not in contemplation of such Permitted Acquisition) to the extent such Indebtedness was advanced by (i) any Governmental Authority (including the Small Business Administration) or any other Person acting as a financial agent of a Governmental Authority or (ii) any other Person to the extent such Indebtedness under this clause (ii) is guaranteed by a Governmental Authority (including the Small Business Administration), in each case pursuant to the CARES Act.

CARES Debt means Indebtedness advanced by (i) any Governmental Authority (including the U.S. Small Business Administration) or any other Person acting as a financial agent of a Governmental Authority or (ii) any other Person to the extent such Indebtedness under this clause (ii) is guaranteed by a Governmental Authority (including the U.S. Small Business Administration), in each case pursuant to the Title I of the Coronavirus Aid, Relief and Economic Security Act, as amended, supplemented or otherwise modified from time to time (including any successor thereto).

CARES Debt has the meaning set forth in Section 7.1(e).

CARES Debt has the meaning set forth in Section 9.02(k).

CARES Debt has the meaning set forth in Section 5.2.