Ordinary Course Indebtedness means: ----------------------------
Ordinary Course Indebtedness means all debt other than debt which is a restrictive or participating security or subordinated debt;
Ordinary Course Indebtedness means Indebtedness incurred in the Ordinary Course of Business under Section 10.01(b), (c), (e)(i), (g), (h), (l), (q), (r), (t), (u), (v), (x) and (aa) (to the extent that such Indebtedness is in connection with the foregoing subclauses (b), (c), (e)(i), (g), (h), (l), (q), (r), (t), (u), (v) or (x)).
Examples of Ordinary Course Indebtedness in a sentence
Such Ordinary Course Indebtedness (Ordinary Course Indebtedness), is less than [REDACTED] as at the date of this Agreement.
More Definitions of Ordinary Course Indebtedness
Ordinary Course Indebtedness means (i) accounts payable incurred in the ordinary course of business; (ii) unsecured indebtedness not to exceed, in the aggregate, $20,000; and (iii) leases or other financing or the acquisition of equipment or property incurred in the ordinary course of business not to exceed, in the aggregate, $250,000 during the term of the Loan Agreement.
Ordinary Course Indebtedness means Indebtedness incurred in the ordinary course of business in respect of,
Ordinary Course Indebtedness which means (i) accounts payable incurred in the ordinary course of business; (ii) unsecured indebtedness not to exceed, in the aggregate, $50,000; and (iii) leases or other financing or the acquisition of equipment or property incurred in the ordinary course of business not to exceed, in the aggregate, $250,000 during the term of the Loan Agreement. Ordinary Course Indebtedness will not be used to finance inorganic growth of VDA Parties and TKOI;
Ordinary Course Indebtedness which means (i) accounts payable incurred in the ordinary course of business; (ii) unsecured indebtedness not to exceed, in the aggregate, $50,000; and (iii) leases or other financing or the acquisition of
Ordinary Course Indebtedness means (i) accounts payable incurred in the ordinary course of business; (ii) unsecured indebtedness not to exceed, in the aggregate, $20,000; (iii) leases or other financing or the acquisition of equipment or property incurred in the ordinary course of business not to exceed, in the aggregate, $250,000 during the term of the Loan Agreement; and (iv) unsecured indebtedness, not to exceed $385,000 in aggregate principal amount, provided that such indebtedness is subject to a subordination agreement satisfactory to Lender in its sole discretion.
Ordinary Course Indebtedness means (a) any intercompany debt among CCIB and its wholly-owned Subsidiaries (or Suburban Insulation, Inc.) or among any such Subsidiaries of CCIB (or Suburban Insulation, Inc.) in each case incurred in the ordinary course of business, (b) any capital lease or operating lease obligations incurred in the ordinary course of business, (c) any obligations under any letters of credit incurred in the ordinary course of business, (d) any obligations incurred to make any non-compete payments that IBHL, IBHL II or any of their direct or indirect Subsidiaries are obligated to make in the ordinary course of business, (e) any obligations incurred to finance payment of any insurance premiums incurred in the ordinary course of business, (f) the assumption of any obligations of any Person other than CCIB or any of its direct or indirect Subsidiaries, directly or indirectly, in connection with an Acquisition that exist on the effective date of such Acquisition, provided, that such Person shall not have created or incurred such obligations for the sole purpose of permitting CCIB or any of its direct or indirect Subsidiaries to assume Indebtedness that would not qualify as Permitted Indebtedness, (g) obligations under conditional sale or other title retention agreements relating to the Property acquired incurred in the ordinary course of business or (h) Indebtedness existing as of the date of this Agreement; provided, however, that (i) each of items (a) – (g) are incurred at market rates and on other customary terms as reasonably determined by the Board of Directors of CCIB and (ii) each of items in clauses (b), (e), (f) and (g) are provided by Third Parties; provided, in the case of clause (f), the determination as to whether the Person whose obligations are being assumed satisfies the definition of “Third Party” hereunder will be made immediately prior to the closing of the Acquisition in which such obligations are assumed.
Ordinary Course Indebtedness means (i) Indebtedness of the sort described in clauses (i) and (ii) of the definition of "Indebtedness" existing on July 24, 2003 and disclosed in writing to the holder and refinancings, renewals and extensions of any such Indebtedness if the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended and if the principal amount thereof is not increased; (ii) Capital Leases in an individual amount not to exceed $500,000 and other Indebtedness secured by a purchase money security interests in any property acquired by the Company to the extent permitted hereunder; provided that such Indebtedness does not exceed the cost or fair market value of the assets financed with such Indebtedness and refinancings and extensions of any such Indebtedness if the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended (provided, for purposes hereof, Indebtedness shall qualify under this clause if it is incurred within thirty (30) days of the date that Company acquired the assets which are to secure such Indebtedness and the cost of the assets acquired shall include the delivery, installation and tax expenses incurred in acquiring such assets); (iii) Indebtedness which may be deemed to exist pursuant to any performance, surety, statutory appeal or similar obligations; (iv) Indebtedness under interest rate, credit, commodity or equity swap, cap, floor, collar, forward