Existing Bank Indebtedness definition

Existing Bank Indebtedness all Indebtedness under the Existing Credit Agreement and all accrued and unpaid monetary obligations of the Borrower under the Existing Credit Agreement.

Existing Bank Indebtedness is the Indebtedness of Borrower to Bank under the Existing Bank Loan Agreement including the final payment and prepayment fee thereunder.

Existing Bank Indebtedness. All outstanding principal, accrued and unpaid interest and fees, and all other unpaid amounts owed to Huntington pursuant to the Existing Bank Credit Agreement.

Examples of Existing Bank Indebtedness in a sentence

• All Existing Bank Indebtedness shall have been paid in full, the commitments under the Existing Credit Agreement shall have been terminated and the Administrative Agent shall have received satisfactory evidence of the foregoing.

• Borrower shall use the proceeds of the Credit Extensions solely to repay in full the Existing Bank Indebtedness and for working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.

• The Borrower shall have authorized the Agent in writing to pay in full the Existing Bank Indebtedness on the Closing Date with proceeds of the first Loans made hereunder, including replacement of any letters of credit issued and outstanding thereunder.

• The Borrower may reloan to NATC a portion of the proceeds of the Term Loan sufficient to allow NATC to repay the Existing Bank Indebtedness provided such loan is treated as an intercompany loan on the books and records of the parties and is not evidenced by a promissory note.

• The Existing Bank Indebtedness shall have been completely discharged, all Liens, if any, securing the same shall have been terminated, all of the obligations of the financial institutions party to the Existing Credit Agreement to extend credit thereunder shall have been terminated, and the Agent shall have received satisfactory evidence of all of the foregoing.

More Definitions of Existing Bank Indebtedness

Existing Bank Indebtedness means the Indebtedness of Royal Wolf Holdings and its Subsidiaries under the ANZ Credit Documents and the CBA Credit Documents as set forth on Schedule 3.11(a).

Existing Bank Indebtedness means, in respect of a particular date and an Aircraft, all amounts outstanding under the Financing Agreements in respect of such Aircraft as of such date (including all amounts of principal and accrued but unpaid interest, breakage costs and prepayment costs);

Existing Bank Indebtedness has the meaning specified in Schedule 5.02(d).

Existing Bank Indebtedness all of the obligations of the Borrower under the Existing Credit Agreement.

Existing Bank Indebtedness means that the Indebtedness of the Borrower pursuant to and under that certain Credit Agreement, dated as of October 4, 1996, by and among the Borrower, certain financial institution named therein, National City Bank as Agent and Issuing Bank, as amended from time to time.

Existing Bank Indebtedness means all amounts outstanding under the Amended and Restated Credit Agreement dated August 31, 1998 among North American Tel-Com Group, Inc., Mich-Com Cable Services Incorporated, Cablemasters Corp., Channel Communications, Inc., Excel Cable Construction, Inc., U.S. Cable, Inc., CATV Subscriber Services, Inc., State Wide CATV, Inc., Burn-Techs, Inc. and The Banks Party thereto and PNC Bank, National Association, as Agent. EXISTING DEBT shall mean the Existing Bank Indebtedness and all other Indebtedness of the Borrower and its Subsidiaries (including the Targets) which is not Permitted Indebtedness. EXPIRATION DATE shall mean, with respect to the Revolving Credit Commitments, February 26, 2004.

Existing Bank Indebtedness means (i) as to the Borrower, -------------------------- Indebtedness owing pursuant to the Second Amended and Restated Loan Agreement dated December 21, 1995 effective January 2, 1996 with Sun Trust Bank, Central Florida, N.A., the principal amount outstanding of which as of March 31, 1997 was $10,000,000, and (ii) as to Suncom, Indebtedness owing pursuant to the Term Loan Agreement dated September 14, 1995 with Midlantic Bank, National Association (predecessor to PNC Bank), as amended, the principal amount outstanding of which as of March 31, 1997 was $14,000,000. Expiration Date shall mean, with respect to the Revolving Credit --------------- Commitments, May 15, 2004.