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

  • Adjustment to the share capital Adjustment to the nominal value of the Company’s shares to enable the implementation of the financial restructuring Debt Conversion • Converted Debt (excluding Elevated Equitized Debt) (i.e. EUR 2.8bn of Existing Debt) and Interests accrued on the Bonds and the Loans as of the opening date of the Accelerated Safeguard Procedure and to accrue up until the implementation of the restructuring will be equitized instead of paid in cash (the “Equitization”) .

  • Total Debt Maintenance Total debt to remain to holders of Existing Debt instruments will be EUR 1,950m, to be allocated as set out below: • EUR 61.25m for the creditors that participated in the IF1 (including EUR 75m factoring), plus EUR 112.5m for Creditors participating in the IF1Bis and EUR 122.5m for creditors participating in the IF2 • circa EUR 820.0m for the Loans, and • circa EUR 833.8m for the Bonds.

  • The Loan Parties will not consent to any modification, supplement or waiver of any of the provisions of any documents or agreements evidencing or governing any Subordinated Indebtedness or any other Existing Debt (other than the First Lien Loan Documents) in a manner that could reasonably be expected to be materially adverse to the Lenders.

  • The Participating Creditors Remaining Existing Debt shall be in the form of 1.5 Lien debt, on the terms set out below.

  • Participating Creditors will be entitled to maintain an amount of old claims equal to: • For the Banks: circa EUR 820.0m less the amount of Remaining Existing Debt allocated to the Non-Participating Creditors in the Banks New Money – allocated pro rata the amount of Banks New Money provided; • For the Bonds: circa EUR 833.8m less the amount of Remaining Existing Debt allocated to the Non-Participating Creditors in the New Money Bonds – allocated pro rata the amount of New Money Bonds provided.


More Definitions of Existing Debt

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 all Debt for Borrowed Money of the Borrower and its Subsidiaries outstanding immediately before the occurrence of the Restatement Effective Date.
Existing Debt shall have the meaning provided in Section 8.04(d).
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.