Existing Debt definition
Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before giving effect to the consummation of the Transaction.
Existing Debt has the meaning specified in Section 5.02(d)(ii).
Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.
Examples of Existing Debt in a sentence
Evidence satisfactory to Lender that, after giving effect to the initial Loan, the payment of all fees, costs and expenses due and payable on the Closing Date and the payoff and discharge of the Existing Debt, Availability is not less than $15,000,000.
The proceeds of the Loans shall be used by Borrowers for working capital and general corporate purposes of the Obligated Parties and their Subsidiaries in the ordinary course of business and to pay fees, costs and expenses incurred in connection with this Agreement, the other Loan Documents and the transactions contemplated hereby, including the repayment in full of the Existing Debt identified on Schedule 8.1.
More Definitions of Existing Debt
Existing Debt means the Indebtedness outstanding under the Existing Credit Agreement.
Existing Debt means Indebtedness of each Loan Party and its Subsidiaries outstanding on the Closing Date.
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).]
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 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 any bond, note, loan agreement, lease-purchase agreement or other debt instrument issued prior to July 1, 20081st of the first operational year of the new unit for the purposes of funding public schools, 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.