Old Debt definition

Old Debt means indebtedness under (i) those certain $175,000,000 9.25% Senior Secured Guaranteed Notes due October 2007 issued by PCI Chemicals Canada Inc. pursuant to that certain Indenture, dated as of October 30, 1997, among PCI Chemicals Canada Inc., the Guarantors (as such term is defined therein) and the United States Trust Company of New York ("USTC"), in its capacity as trustee and as collateral agent, (ii) that certain Term Loan Agreement, dated as of October 30, 1997, among Pioneer Corporation of America, the Lenders (as such term is defined therein), certain other parties and BNY Asset Solutions LLC, in its capacity as administrative agent, (iii) those certain $200,000,000 9.25% Senior Secured Guaranteed Notes due June 2007 issued by Pioneer Corporation of America pursuant to that certain Indenture, dated as of June 17, 1997 among Pioneer Corporation of America, the Guarantors (as such term is defined therein) and USTC, in its capacity as trustee, and (iv) that certain Term Loan Agreement, dated as of June 17, 1997, among Pioneer Corporation of America, the Lenders (as such term is defined therein), certain other parties and BNY Asset Solutions LLC, in its capacity as administrative agent.
View Source
Old Debt means, collectively, the Old Senior Notes and Old Subordinated Debentures.
View Source
Old Debt means $11,601,718.75, the aggregate dollar amount of the Old Debt Invoices.
View Source

Examples of Old Debt in a sentence

  • In order to induce, among other things, the Holders to exchange the Old Debt for the New Debt (including the Securities) and to hold their respective Securities hereunder, each Indenture Obligor represents and warrants unto the Trustee and each Holder as set forth in Section 1402A through Section 1402Z.

  • All principal payments received in 1996 shall be applied by the Lender to the Old Debt.

  • The Borrowers, the Lender and the Participants who are signatories hereto acknowledge that the Participants, if any, who are not signatories hereto have not agreed to any extension of or moratorium with respect to their Old Debt.

  • The respective agreements, representations, warranties and other statements of SunGard and of the Investment Banks and agreements of Spinco set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Investment Banks, SunGard, Spinco or any of their respective officers and will survive the exchange of the Exchange SunGard Old Debt Obligations for the Spinco Securities.

  • Upon delivery of such Exchange SunGard Old Debt Obligations by such Investment Bank to SunGard at the Closing in exchange for the Spinco Securities, SunGard will acquire good and valid title to such Exchange SunGard Old Debt Obligations, free and clear of any Liens, other than those arising from acts of SunGard or any of its affiliates.

  • London Fog, the Lenders and the Agent have engaged in negotiations to effect (i) a restructuring of London Fog's obligations under the Old Debt Agreements and (ii) a recapitalization of London Fog, including the merger of LFI Merger Corp.

  • The Parties acknowledge the repayment of the Old Debt by the OLP with the proceeds of the New Debt and the Contributed Cash.

  • Upon delivery of the Spinco Securities by SunGard to the Investment Banks at the Closing in exchange for the Exchange SunGard Old Debt Obligations, the Investment Banks will acquire good and valid title to their respective Spinco Securities, free and clear of any Liens other than those arising from acts of any Investment Bank or any of its affiliates.

  • Each Lender's obligation to exchange Old Debt for New Debt and its other obligations in respect of the Term Loans, and the effectiveness of this Agreement, shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Article V (the latest date upon which all of such conditions precedent are satisfied, the "Closing Date").

  • London Fog has requested, and the Agent and the Lenders are agreeable, that the obligations of London Fog and the Subsidiary Guarantors under the Old Debt Agreements be restructured, LFI Merger Corp.


More Definitions of Old Debt

Old Debt means, collectively, the Old Senior Notes, Senior Subordinated Debentures and the 10% Convertible Debentures.
View Source
Old Debt means the Customer debt, evidenced by unpaid invoices issued by a Service Provider to the Customer on or before 31st December 2002, which has not been paid completely, as defined and regulated in the appropriate Past Debt Rule as issued, amended, or supplemented by the Regulator from time to time;
View Source
Old Debt means all consumer debts evidenced by the uncontested invoices issued by the Service Provider to that Customer, with or before 31st December 2002, which
View Source
Old Debt means $500,000 of the outstanding principal amount of the Original Note.
View Source

Related to Old Debt

  • Bad Debt means amounts lawfully billed to a Subscriber and owed by the Subscriber for Cable Service and accrued as revenues on the books of Grantee, but not collected after reasonable efforts have been made by Grantee to collect the charges.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Payoff Indebtedness means Indebtedness of the types set forth in subsections (a) and (b) of the definition of Indebtedness.

  • Assumed Debt has the meaning set forth in Section 2.2.

  • Acquisition Debt means any Indebtedness for Borrowed Money of the Borrower or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness for Borrowed Money of the Borrower, any of its Subsidiaries or the Person(s) or assets to be acquired); provided that (a)(i) the release of the proceeds thereof to the Borrower and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held pursuant to an escrow or similar arrangement and (ii) if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness for Borrowed Money, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Borrower and its Subsidiaries in respect of such Indebtedness for Borrowed Money or (b)(i) such Indebtedness for Borrowed Money contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness for Borrowed Money to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness for Borrowed Money, and (ii) if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness for Borrowed Money, such Indebtedness for Borrowed Money is so redeemed or prepaid within ninety (90) days of such termination or such specified date, as the case may be.