Excess Debt definition

Excess Debt means any Indebtedness other than Permitted Indebtedness.

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Excess Debt means the amount by which the then outstanding principal balance of the Loan exceeds the Maximum Available Amount as determined on any date during the term of the Notes.

Excess Debt means Tranche A Excess Debt or Tranche B Excess Debt.

Examples of Excess Debt in a sentence

• If Net Cash Proceeds in excess of $15,000,000 in the aggregate (“Excess Debt Proceeds”) are received by one or more Companies from the issuance or incurrence of Indebtedness by any Company in one or more transactions after the Closing Date, the Loans shall be prepaid immediately upon receipt of such Excess Debt Proceeds in an amount equal to the amount of such Excess Debt Proceeds.

• Upon any such resignation, Majority Lenders shall have the right to appoint a successor Agent, which shall be, so long as no Default or Event of Default, Tranche A Excess Debt or Tranche B Excess Debt exists, subject to Borrower's approval, which shall not be unreasonably withheld.

• Notwithstanding the foregoing, so long as there exists no Unmatured Event of Default and no Excess Debt at the time of or resulting from such action, Borrower is authorized to acquire capital stock or equity interest in Summo Minerals Corporation or a direct property interest in any property owned by Summo Minerals Corporation provided that the aggregate consideration paid by Borrower for such capital stock, equity or property interest does not exceed the sum of $10,000,000.

• In the absence of agreement between the Buyer and the Sellers within that time period, the Independent Accountants shall be instructed to deliver a determination of the matters in dispute in accordance with clause 8 and confirm the amounts of the Actual Exchange Debt, the Excess Debt and the amount of the Non-ATM Excess Debt.

• On the Closing Date, the Purchaser shall deliver to Sellers’ Representative, or shall cause Parent to deliver to Sellers’ Representative, a cash payment equal to (A) Two Million Dollars ($2,000,000.00), minus (B) the Seller Party Transaction Expenses and any Excess Debt (the net amount, the “Cash Consideration”), for further distribution to the Sellers in accordance with Schedule 1.2(b).

More Definitions of Excess Debt

Excess Debt means, as of immediately prior to the Effective Time, the difference between the sum of the following and $899,700,000: (i) the difference between (A) Indebtedness of SFX and its consolidated Subsidiaries less (B) the difference between $70,000,000 and any amounts (other than the reimbursement of expenses) actually received by SFX and its consolidated subsidiaries after August 24, 1997 under agreements relating to the sale or LMA (such LMA payments not to exceed $30,000 per month) of its WVGO-FM and the sale or LMA of its ▇▇▇▇▇▇▇/Biloxi radio stations, less (C) any Indebtedness incurred to finance acquisitions approved by Parent of stock of or substantially all of the assets of radio stations, less (D) interest accrued as of immediately prior to the Effective Time that is not then due and payable, (ii) the Series B Merger Consideration, (iii) the Series C Merger Consideration, (iv) the liquidation preference amount of the Series E Preferred Stock, and (v) Environmental Costs or Liabilities accrued and not paid after June 30, 1997 to the extent they exceed $100,000 in the aggregate. "Working Capital Adjustment Amount" shall mean an amount equal to the Final Working Capital, less the Estimated Working Capital, together with interest on the absolute value of the difference at 10% per annum beginning on the Closing Date and ending on the date of payment of the Working Capital Adjustment Amount as provided in Section 2.02(c)(ii) hereof. Notwithstanding the foregoing, Working Capital shall not include any asset transferred to Entertainment or any of its Subsidiaries, any Liability assumed by Entertainment, or any Liability to which none of SFX or any of its Subsidiaries is a party immediately after the Effective Time and any such computation shall assume that the Distribution has been consummated.

Excess Debt means the sum of outstanding principal balance of and accrued interest on all outstanding Debt (as defined in Section 5.19) as of immediately prior to the Effective Time after giving effect to the payment of the SportsLine Loan (as defined in Section 8.12).

Excess Debt shall equal the excess, if any, of (1) the sum of (a) the UAR Payment, (b) the amount of Certified Indebtedness plus any premium or penalty payable upon the prepayment of such Indebtedness on the Closing Date and (c) the amount by which, if any, the Estimated Net Working Capital is less than zero, over (2) $57,000,000.

Excess Debt means the amount, if any, by which the Net Closing Indebtedness (as defined below) exceeds $196,139.00;

Excess Debt means, as of immediately prior to the Effective Time, the difference between the sum of the following and $899,700,000: (i) the difference between (A) Indebtedness of SFX and its consolidated Subsidiaries less (B) the difference between $70,000,000 and any amounts (other than the reimbursement of expenses) actually received by SFX and its consolidated subsidiaries after August 24, 1997 under agreements relating to the sale or LMA (such LMA payments not to exceed $30,000 per month) of its WVGO-FM and the sale or LMA of its ▇▇▇▇▇▇▇/Biloxi radio stations, less (C) any Indebtedness incurred to finance acquisitions approved by Parent of stock of or substantially all of the assets of radio stations, less (D) interest accrued as of immediately prior to the Effective

Excess Debt means all or any part of any Financial Indebtedness (other than Project Finance Indebtedness and Subordinated Amounts):

Excess Debt means the debt as on the First Tranche Completion Date in excess of the Net Debt, if applicable.