EDC Debt definition

EDC Debt means the EDC Secured Debt and the EDC Unsecured Debt.
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EDC Debt means the Debt to EDC described in Section 1.1(92)(k).
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EDC Debt means a debt of GL&V India Private Limited in favour of EDC for a principal amount of USD$2,000,000, plus any interest thereunder.
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Examples of EDC Debt in a sentence

  • The Lenders also acknowledge that the terms of the EDC Debt will include provisions requiring the Obligors to cash-collateralize their obligations to EDC in connection with the EDC Debt following an Event of Default.

  • EDC, the other Lenders, the Agent and the Obligors agree that this Section 3.3 shall remain binding on them as long as the EDC Debt and the Obligations and/or Other Secured Obligations remain outstanding, even if EDC ceases to be a Lender.

  • On the Plan Effective Date, the Amended & Restated EDC Debt Documents shall constitute legal, valid, binding, and authorized obligations of the applicable Reorganized EDC Debtors, enforceable in accordance with their terms.

  • Each Holder of an Allowed EDC Remaining Facilities Claim shall receive its Pro Rata share of the Amended & Restated EDC Debt.

  • With respect to the EDC Remaining Facilities, on the Plan Effective Date, pursuant to the terms of the EDC Facilities Term Sheet Holders of Allowed EDC Remaining Facilities Claims will receive their Pro Rata share of the Amended & Restated EDC Debt.

  • Amended & Restated EDC Debt On the Plan Effective Date, and without the need for further corporate action or other action by Holders of Claims or Interests, the applicable Reorganized EDC Debtors shall enter into the Amended & Restated EDC Debt Documents pursuant to the terms of the EDC Facilities Term Sheet.

  • The Lenders also acknowledge that the terms of the EDC Debt include provisions requiring the Obligors to cash-collateralize their obligations to EDC in connection with the EDC Debt following an Event of Default.

  • The Lenders, the Agent and the Borrower agree that this Section 3.7 shall remain binding on them as long as the EDC Debt and the Obligations and/or Other Secured Obligations remain outstanding.

  • The Amended & Restated EDC Debt will be divided across the EDC Remaining Facilities on a pro rata basis according to a specified maintenance-adjusted market value of the aircraft financed under each Remaining Facility (as defined in the EDC Facilities Term Sheet).

  • EDC (which is both a Lender and holder of Other Secured Obligations in the form of the EDC Debt), the other Lenders, the Agent and the Obligors acknowledge that, in accordance with Section 3.2(1), all Obligations and all Other Secured Obligations shall be supported by the Guarantees pari passu and that any security provided or to be provided by the Obligors shall be provided proportionately based on the aggregate outstanding amount of the Obligations and the Other Secured Obligations.


More Definitions of EDC Debt

EDC Debt means the Debt to EDC described in Section 1.1(88)(k).
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EDC Debt means Debt of one or more Obligors in an aggregate principal amount of up to US $100,000,000 at any time under or in connection with one or more arrangements by which EDC may provide financial support in order to enable the Borrower or any other Restricted Party to obtain letters of credit, letters of guarantee, performance guarantees or other similar instruments from a financial institution that are required in connection with the business of the Borrower or any other Restricted Party, provided that the terms of the Debt are, in the aggregate, not materially more onerous to the Obligors than the terms of this Agreement, other than interest rates and fees.
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Related to EDC Debt

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on the Collateral.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Permitted Unsecured Indebtedness Indebtedness of any Loan Party (a) that is not (and any Guarantees thereof by any Loan Party are not) secured by any collateral (including the Collateral), (b) that does not mature earlier than the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted average life to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence of such Indebtedness, (c) that does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, customary asset sale or event of loss mandatory offers to purchase and customary acceleration rights after an event of default and, for the avoidance of doubt, rights to convert or exchange into Capital Stock of the Borrower in the case of convertible or exchangeable Indebtedness) prior to the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof, (d) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and agreed that such Indebtedness shall not include any financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), are not more favorable to the lenders or investors providing such Permitted Unsecured Indebtedness, as the case may be, than those set forth in the Loan Documents are with respect to the Lenders (other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive, and (e) that is not guaranteed by any Person other than on an unsecured basis by the Borrower and/or Restricted Subsidiaries that are Loan Parties.

  • Debt Incurrence means any issuance or sale by the Borrower or any of its Subsidiaries of any Debt after the Closing Date other than Permitted Debt.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Permitted Unsecured Refinancing Debt means unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower in the form of one or more series of senior unsecured notes or loans; provided that (i) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Consolidated Senior Secured Indebtedness means all Consolidated Funded Indebtedness that is secured by a Lien on any property or assets of the Borrower or any Restricted Subsidiary.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Second Lien Loan Documents.

  • Consolidated Senior Secured Debt means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of any Loan Party.

  • Permitted Junior Secured Refinancing Debt means any secured Indebtedness issued or incurred by the Borrower or a Subsidiary Guarantor in the form of one or more series of Junior Lien secured notes or loans; provided that (i) such Indebtedness is secured by the Collateral on a Junior Lien basis (subject to Liens permitted under Section 9.1) with the Obligations and is not secured by any property or assets of the Borrower or any Subsidiary other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness, (iii) such Indebtedness does not mature or have scheduled amortization or scheduled payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (other than customary offers to repurchase or mandatory prepayments upon a change of control, asset sale or other Disposition or casualty event or incurrence of indebtedness that is not permitted thereunder and customary acceleration rights after an event of default) prior to the Latest Maturity Date, determined at the time such Indebtedness is incurred, (iv) the security agreements relating to such Indebtedness are substantially the same as the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) such Indebtedness is not guaranteed by any Subsidiaries other than the Subsidiary Guarantors and (vi) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of the Junior Lien Intercreditor Agreement; provided that if such Indebtedness is the initial Permitted Junior Secured Refinancing Debt incurred by the Borrower or a Subsidiary Guarantor, then Holdings, the Borrower, the Subsidiary Guarantors, the Administrative Agent and the Senior Representative for such Indebtedness shall have executed and delivered a Junior Lien Intercreditor Agreement. Permitted Junior Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).