OPIC Debt definition

OPIC Debt means the indebtedness of Argosy Energy International, a wholly owned Subsidiary of the Company, under that certain Finance Agreement dated May 2, 1994 between Argosy Energy International and OPIC, as amended.
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OPIC Debt means all amounts owed by the Company pursuant to the OPIC Finance Agreement.
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Examples of OPIC Debt in a sentence

  • The aggregate obligation of the Company with respect --------- to the principal of the OPIC Debt shall not, on the Closing Date, exceed $ 6,000,000 (net of amounts added to the escrow account maintained for the benefit of the holders of the OPIC Debt subsequent to April 16, 1998.

  • The Bank Credit Agreement shall have been --------------------- amended and the Bank shall have made available to the Acquiror a credit of $ 15,000,000 against which the Acquiror shall have refinanced the indebtedness theretofore outstanding under the Bank Credit Agreement and shall have paid and discharged the OPIC Debt.

  • The aggregate amount of consolidated current ----------------- assets of the Company and its Subsidiaries (exclusive of any amounts held in escrow necessary to reduce the net OPIC debt to $ 6,000,000), less the aggregate amount of consolidated liabilities, absolute and contingent, whether or not accrued, of the Company and its Subsidiaries, including the Partnership (exclusive of indebtedness represented by the OPIC Debt and the Debentures), shall not be less than $100,000.

Related to OPIC Debt

  • Public Debt means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (1) a public offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Debt Incurrence means any issuance or sale by the Borrower or any of its Subsidiaries of any Debt after the Closing Date other than Permitted Debt.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of Holdings or any Restricted Subsidiary.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.