Existing Debt definition

Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

Existing Debt has the meaning specified in Section 5.02(d)(ii).

Existing Debt has the meaning specified in Section 4.01(gg) hereof.

Examples of Existing Debt in a sentence

• Borrowers shall use the proceeds of Revolving Loans solely for (a) transaction fees, costs and expenses incurred in connection with the Financing Documents and Closing Date Existing Debt Payoff, and (b) for working capital needs and other general corporate purposes of Borrowers and their Subsidiaries.

• The Borrower will not, without the prior written consent of the Lender, create or incur or permit to exist any Lien upon any of the Collateral, other than (i) Liens securing the Credit Obligations or the Existing Debt and (ii) Liens permitted by the Existing Debt.

• The Borrower will not become a party to any merger or consolidation or, in a single transaction or series of related transactions, sell, lease, transfer or otherwise dispose of the Collateral other than transactions permitted by the Existing Debt.

• The proceeds of the Loans shall be used solely for (a) working capital and general corporate purposes, in each case subject to the restrictions set forth in this Agreement, (b) the payment of fees and expenses incurred in connection with the negotiation, execution and delivery of this Agreement and the other Loan Documents and (c) to repay the Specified Existing Debt in full.

• Effective on the date hereof, the Creditor hereby delivers the Existing Debt in exchange for the contemporaneous execution and delivery of the Convertible Note, which shall be issued with an aggregate original principal amount equal to the Debt Amount, on the terms and conditions set forth in this Agreement (the “Exchange”).

More Definitions of Existing Debt

Existing Debt means all Debt, as of the date hereof, of the Borrower and its Subsidiaries.

Existing Debt means the Debt outstanding on the Closing Date and listed on Schedule 6.12 hereto.

Existing Debt means Indebtedness of each Loan Party and its Subsidiaries outstanding on the Closing Date.

Existing Debt means the obligations of the Borrower or its Subsidiaries in connection with the Bareboat Charterparty with respect to the vessel BRILLIANCE OF THE SEAS dated July 5, 2002 between Halifax Leasing (September) Limited and RCL (UK) LTD, and the replacement, extension, renewal or amendment of the foregoing without increase in the amount or change in any direct or contingent obligor of such obligations.

Existing Debt means such Debt set forth on Schedule 5.02(b).

Existing Debt means the indebtedness of the Company under the Existing Credit Agreement.

Existing Debt means any bond, note, loan agreement, lease-purchase agreement or other debt instrument issued prior to July 1st of the first operational year of the new unit for the purposes of funding public schools and career and technical education regions, or for refinancing such debt, that remains outstanding at the time of a reorganization pursuant to this chapter. "Existing debt" does not include routine payables or commercial contract obligations.[PL 2007, c. 668, §22 (AMD).]