Institutional Debt definition

Institutional Debt means unsecured Debt for borrowed money which may be raised by the Borrower or any of its Subsidiaries in the private placement or public debt markets pursuant to terms satisfactory to the Required Banks, but which shall exclude Subordinated Debt.

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Institutional Debt means: (1) the amount outstanding on any credit, including unpaid charges, extended by or on behalf of an institution of higher education or a proprietary institution licensed to offer academic degrees that a student is obligated to repay, whether the amount has been reduced to a judgment or the institution classifies it as a loan; or (2) a non-Federal loan or debt agreement that is issued expressly for postsecondary education expenses and that is guaranteed by an institution of higher education or a proprietary institution, or a private educational lender that is affiliated with an institution of higher education

Institutional Debt means Indebtedness for borrowed money which may be raised by the Borrower in the private placement or public debt markets.

Examples of Institutional Debt in a sentence

Purchaser shall either (a) at Closing assume the personal guarantees previously made by any Seller with respect to any Assumed Institutional Debt, as such guarantees are set forth on Schedule 8.5, to the extent that any guaranteed parties thereunder consent to the substitution of Purchaser thereunder or (b) indemnify and hold harmless such Seller on account of any such personal guarantees, to the extent that any guaranteed parties thereunder do not consent to the substitution of Purchaser thereunder.
If an Event of Default occurs, then, subject to the terms of any agreements or instruments evidencing the Company's Institutional Debt, and subject to the rights of the holders of such Institutional Debt, (i) the Holder may declare the principal amount of this Note, to be immediately due and payable, and (ii) Holder will receive an additional Holders Fee.
CDO Series 1999-I To approve Amendment No. 6 and Agreement: by Institutional Debt Management, as Collateral Manager, by /s/Glenn Duffy ------------------ Name: Glenn Duffy Title: Dir▇▇▇▇▇ SIGNATURE PAGE TO AMENDMENT NO.
The Senior Lender and any ---------------------------------- other holder of the Institutional Debt is the intended third party beneficiary of Section 3 of this Note and each other provision of this Note which refers to or relates to the Institutional Debt.
CDU SERIES 1999-I By: First Union Institutional Debt Management as Collateral Manager By:________________________________________ Name: ▇▇▇▇▇▇▇ ▇.

More Definitions of Institutional Debt

Institutional Debt means any money, obligation, claim, or sum, due or owing, or alleged to be due or owing, whether or not reduced to court judgment, from a student, that was incurred in their capacity as a student, to an institution of higher education. This does not include tuition, fees, room and board, or other cost of attendance for an academic term in which the student is actively enrolled or seeking enrollment; and,

Institutional Debt means the indebtedness of the Company for borrowed money due to PWRES and its successors and assigns.

Institutional Debt means unsecured Indebtedness for borrowed money which may be raised by the Borrower after the Agreement Date in the private placement or public debt markets pursuant to terms satisfactory to the Determining Lenders (which shall include the Merger Facility), and which shall include Subordinated Debt.

Institutional Debt means the principal of and interest on Debt outstanding for money borrowed by the Maker and/or PARENT, from any bank, insurance

Institutional Debt means obligation or alleged obligation of a student to pay money to an institution of postsecondary education for course credit or other educational services, regardless of whether such obligation has been reduced to judgment.

Institutional Debt has the meaning set forth in Schedule 5.2(b)(iii) to the Disclosure Letter.

Institutional Debt means an extension of credit or a debt or obligation owed or incurred by a