CIT Indebtedness definition

CIT Indebtedness means all Indebtedness owed to CIT Healthcare LLC, a Delaware limited liability company, including pursuant to that certain Loan and Security Agreement, dated as of September 11, 2008, as amended, restated, modified, supplemented and waived from time to time in accordance with its terms.
View Source
CIT Indebtedness means, that certain $51,000,000 credit facility and factoring arrangement among CIT, as lender and factor, and River Oaks, Gaines, and R.O. West, as borrowers and account sellers, as evidenced by Notification Factoring Agreements and Loan and Security Agreements, each dated July 25, 1995, between each of River Oaks, Gaines, and R.O. West, and CIT, and related documentation (including without limitation, revolving loan notes, a term loan note, factoring agreements, and export factoring agreements.)
View Source
CIT Indebtedness has the meaning specified in Section 2.3(b).
View Source

Examples of CIT Indebtedness in a sentence

  • Except for the CIT Indebtedness, the potential earnout payments to the Sellers pursuant to the Acquisition Agreement and Target’s indebtedness to be assumed pursuant to the Acquisition Agreement, no Indebtedness of the Company is senior to the Notes in right of payment or ranks pari passu with the Notes in right of payment, in each case whether with respect of payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.

  • The CIT Indebtedness does not include any indebtedness that may be incurred by the Seller in connection with the purchase of real property contemplated by Section 2.3(c), and such indebtedness that may be incurred by the Seller in connection with the purchase of real property shall not be deemed to be part of the Assumed Liabilities.

  • The proceeds of the Term Loan hereunder shall be used by the Borrowers exclusively to refinance the CIT Indebtedness and for working capital purposes.

  • The CIT Indebtedness, the Mid-TN Indebtedness and the Affiliate Indebtedness shall be deemed to be Assumed Liabilities for purposes of (i) the preparation of the Preliminary Balance Sheet, the Buyer's Audited Closing Date Balance Sheet, and the Final Balance Sheet, and (ii) Section 3.7 hereof; provided, however, that Buyer shall not assume such liabilities.


More Definitions of CIT Indebtedness

CIT Indebtedness means the Indebtedness of Horizon Vessels, Inc., a Delaware corporation and Horizon Offshore Contractors, Inc., a Delaware corporation owing to the CIT Agent or any of the lenders under the CIT Loan Documents.
View Source