Definition of Financing Indebtedness


Financing Indebtedness means Indebtedness of any Group Member (other than the Non- Recourse Indebtedness, the Securitization Indebtedness, the SRI Indebtedness or the Installment Obligations) incurred to finance the purchase or origination of Financing Assets on an asset-secured basis in connection with any line of business permitted hereunder; provided that (i) no assets of any Group Member other than (A) the Financing Assets being acquired or originated with the proceeds of such Indebtedness and the Hedging Agreements being required of the originator, purchaser or arranger of such Financing Assets by the terms of such Indebtedness, (B) any reserve or similar accounts required by the
Sample 1

Examples of Financing Indebtedness in a sentence

The foregoing Indebtedness described in subsections (h) - (i) above shall be referred to as "Permitted Financing Indebtedness".
Each such Officers Compliance Certificate shall include, without limitation, the aggregate amount of Non-Recourse Project Financing Indebtedness outstanding as of the last day of the relevant Fiscal Quarter or Fiscal Year, as the case may be, and the aggregate amount of Non-Recourse Debt Service paid by the Borrower and its Restricted Subsidiaries during the four (4) Fiscal Quarters immediately preceding such day.
After giving effect to the consummation of the Transactions on the Closing Date, Holdings and its Subsidiaries shall have no outstanding Indebtedness for borrowed money held by third parties, except for Indebtedness incurred pursuant to the Debt Financing, Indebtedness that has been redeemed, released, defeased or otherwise discharged (or irrevocable notice for redemption thereof has been given) and any Assumed Indebtedness and any Existing Capitalized Lease Obligations.
After giving effect to the consummation of the Transactions, Holdings and its Subsidiaries shall have no outstanding Indebtedness for borrowed money held by third parties, except for indebtedness incurred pursuant to the Debt Financing, Indebtedness that has been redeemed, released, defeased or otherwise discharged (or irrevocable notice for redemption thereof has been given) and any Assumed Indebtedness and any Existing Capitalized Lease Obligations.
The principal amount of Maritime Administration Financing Indebtedness and other additional Indebtedness (as described in Section 5.02(a)(ix) of the Credit Agreement) of the Loan Parties is $ .