Indirect Indebtedness definition
Indirect Indebtedness means preferred stock of a Person having a mandatory redemption prior to the Maturity Date.
Indirect Indebtedness of a Person means (a) the Indebtedness of a partnership in which such Person is a general partner and (b) the amount of any liability of such Person created by the Indebtedness of a joint venture in which such Person is a joint venturer.
Examples of Indirect Indebtedness in a sentence
In addition to the reports and statements described in this Section, International shall provide the Bank: (i) such other financial reports and information as the Bank may from time to time reasonably request respecting the business, properties, operations or condition (financial or otherwise) of International or any Joint Venture; and (ii) notice of any additional Indirect Indebtedness incurred or Liens granted by any Joint Venture in excess of $500,000.00 in any single transaction.