Fixed Debt definition
Fixed Debt means any indebtedness or accrued liability of the Company which is not contingent or undetermined. For purposes of Section 6.05(b), Fixed Debt shall include the Carried Fee which shall be determined based on the hypothetical liquidation of all assets of the Company and payment of all liabilities of the Company pursuant to Section 6.05(b) and distribution of amounts so obtained to the Members.
Fixed Debt means Indebtedness incurred under Section 9.2(g) or 9.2(r).
Examples of Fixed Debt in a sentence
Notwithstanding the foregoing, to the extent any funds credited to the Asset Sale Reserve Account constitute Net Proceeds of a Fixed Debt Priority Collateral Prepayment Event, the application of such proceeds shall be subject to Section 5.6(c).