Credit Indebtedness definition

Credit Indebtedness means, as of any date, the sum of (i) all amounts owing under any of the Credit Documents (other than the Balance Bank Agreements) to any of the Lenders, the Agent, or the Collateral Agent, plus (ii) to the extent such fees have accrued within the three calendar months immediately preceding such date, all deficiency fees owing to the Balance Banks under the Balance Bank Agreements due to the Company's failure to maintain sufficient deposits with such Balance Banks, plus (iii) the amount of all Approved Secured Rate Hedging Obligations.
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Examples of Credit Indebtedness in a sentence

  • If all Commitments shall have expired or been terminated pursuant to the express terms hereof and no Credit Indebtedness shall be outstanding, the Agent shall promptly deliver or cause to be delivered all cash in the Settlement Account and all other Collateral to the Company.

  • All advances, charges, costs and expenses, including reasonable attorneys fees, incurred or paid by the Agent in exercising any right, power or remedy conferred by this Agreement, or in the enforcement hereof (or by any Lender acting on instruction of the Required Lenders in the enforcement hereof), together with interest thereon at the rate per annum of two percent (2%) plus the Alternate Base Rate from the time of payment until repaid, shall become a part of the Credit Indebtedness.

  • If a Lender agrees to issue such a letter of credit and desires that such letter of credit be ratably secured (along with the other Credit Indebtedness) by the Collateral, such Lender shall submit to the Agent a copy of the proposed letter of credit and copies of any related reimbursement agreement or other related documentation.

  • Upon the occurrence of an Event of Default (and during the continuance thereof) all amounts then on deposit in the Settlement Account, and any deposits made in the Settlement Account during the continuance of such Event of Default, shall be withdrawn by the Agent from the Settlement Account and shall be applied to the Credit Indebtedness in accordance with the provisions of Paragraph 18 of the Security Agreement and Section 10.4 of this Agreement.

  • Each Lender agrees to exercise any and all rights of set-off, counterclaim or bankers' lien relating to the Credit Indebtedness first fully against the Credit Indebtedness and only then to any other Debt of the Company or any Borrowing Subsidiary to such Lender.

  • All such certificated Securities Collateral acquired by such Pledgor at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents shall be in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Administrative Agent.

  • Each Pledgor hereby agrees that all certificates, agreements or instruments representing or evidencing Securities Collateral acquired by such Pledgor at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents, shall, within the time periods required by the Credit Agreement, be delivered to and held by or on behalf of the Administrative Agent pursuant hereto.

  • In the event any Lender is affected by any of the events described in Section 3.1 or 3.2 the Company shall have the right, if no Default then exists, to repay in full all Credit Indebtedness owed to such Lender provided that the Company has, with the approval of the Agent (not to be unreasonably withheld), arranged to substitute a replacement lender for the full amount of such Lender's Commitment.

  • In addition, the Administrative Agent shall have the right at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents to exchange certificates representing or evidencing Securities Collateral for certificates of smaller or larger denominations.

  • Without limiting the generality of the foregoing, the parties specifically contemplate closing the transactions contemplated herein prior to the time that compliance by Purchaser with the conditions precedent set forth in Section 13.02(7) relating to the releases of any of the Sellers of their guaranties of any Line of Credit Indebtedness will be practicable.