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 Lenders, but which shall exclude Subordinated Debt.

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

• Payment of principal, interest and all other amounts due under this Debenture is subordinated to up to Two Million Dollars ($2,000,000) in principal amount of all Institutional Debt.

• For the avoidance of doubt, Institutional Debt shall not include debts that are owed to non-EDMC entities, such as, for example, federal student loans owed to the United States government.

• Unless notified by you in writing to the contrary prior to your receipt of our Institutional Debt Research, we will consider you to have given your consent to the receipt of such Institutional Debt Research.

• PSNH proposed to issue the long-term debt over a two-year period at a fixed or floating interest rate, to be sold to either retail investors (Retail Debt) or to institutional investors (Institutional Debt) and distributed in either the public or private markets.

• Within ninety (90) days of the Effective Date, Defendants shall send a letter byU.S. mail to each Qualifying Former Student at his or her last known mailing address notifying such former students that Defendants are foregoing collection on their Institutional Debt, including all interest and fees.

More Definitions of Institutional Debt

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, with only such changes and amendments as are not prohibited by SECTION 7.17 hereof, 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 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 unsecured Indebtedness of the Parent which may be raised by the Parent in the private placement or public debt markets, PROVIDED THAT, (a) the maturity date of such Indebtedness is after the Maturity Date, (b) there shall be no scheduled payments or mandatory prepayments or redemptions of such Indebtedness prior to the Maturity Date, (c) the covenants and events of default with respect to such Indebtedness shall be no more restrictive than the covenants and Events of Default set forth herein and (d) all other terms and provisions of such Indebtedness shall be reasonably satisfactory to the Administrative Agent, with only such changes or amendments as are approved by the Administrative Agent.

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