Examples of Funded Indebtedness in a sentence
Except for customary professional fees incurred in connection with the Transactions and the payment of its Funded Indebtedness and Transaction Expenses, the Company has not made, and has no obligation to make, any payment to any Person in connection with the consummation of the Transactions or any change of control resulting therefrom.
The Corporation and the Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, issue, incur, assume or otherwise become liable for or in respect of any Funded Indebtedness unless, after giving effect thereto, the Funded Indebtedness of the Partnership, calculated on a consolidated basis, would not exceed 75% of the Total Consolidated Capitalization determined as at the date such Funded Indebtedness is issued, incurred or assumed.
The Company defines Net Debt as the principal amount of all Consolidated Funded Indebtedness (as defined in the Credit Agreement) less cash and cash equivalents.