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 means Debt of each Loan Party and its Subsidiaries outstanding immediately before giving effect to the consummation of the Transaction.

Examples of Existing Debt in a sentence

  • The Borrower will not enter any other credit agreements or incur any additional debt with a third party, other than the Existing Debt, without the prior written consent of the Lenders.

  • Chris noted that page 31 refers to the Defeasance of Existing Debt; during 2019$2,996,545 was placed into an irrevocable trust.

  • CQO Existing Debt means the loan note subscription and cash advance facilities made available to CQO under the Loan Note Sale Agreement dated 14 June 2007; and the secured bridge facility made available to CQO under the Secured Bridge Facility Agreement dated 26 July 2011.

  • The Borrower has no debt obligations owing to any third parties other than pursuant to the Existing Debt.

  • Purchasing Power defined as available Debt Capacity(3xEBITDA) +Cash – Existing Debt.


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 has the meaning specified in Section 4.01(gg) hereof.
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 Debt of the Borrowers and their respective Subsidiaries outstanding immediately before giving effect to the Merger.
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).]