Excess Debt definition

Excess Debt means any Indebtedness other than Permitted Indebtedness.

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

• On June 30, 2020, the following provisos contained in Act 91 of 2019, the general appropriations act for Fiscal Year 2019- 2020, are deleted: 112.1. (DS: Excess Debt Service); 117.112.

• Such sponsor obligation shall be for a period earlier of the tenure of the project loan or December 2032 Since, the time line for the construction of the Project has been extended; revised approval for Excess Debt Support is sought to the extent required under the Finance Documents.

• And holding other variables unchanged, the coefficient of Excess Debt is significantly negative, which predicts the more asset-liability ratio of the acquirer exceeds the industry average, the less likely it is to acquire political sensitive assets, that is, over-debt constrains political sensitive assets transaction.

• In full satisfaction of the Bond Trustee/Bondholder Claims, the Bondholders will receive, under the settlement described in Section 7.1(b) of the Plan, their pro rata share of: (A) the Initial Bondholder Payment, (B) a Cash distribution equal to the Excess Debt Service Reserve Fund Amount, and (C) the New Bonds.

• On June 30, 2020, the following provisos contained in Act 91 of 2019, the general appropriations act for Fiscal Year 2019‑2020 are deleted: 112.1. (DS: Excess Debt Service); 117.112.

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 Xxxxxxx/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, 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)

Excess Debt means up to $491,750,000 of indebtedness incurred by Xxxxxxx on or about March 29, 2017 that exceeds $3,008,250,000 of Xxxxxxx Debt.

Excess Debt means the amount, if any, by which Closing Debt exceeds $15,000,000.

Excess Debt has the meaning assigned to that term in subsection 5.14.

Excess Debt means Excess ABL Debt or Excess Term Loan Debt, as applicable.

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