PDS Debt definition

PDS Debt means all indebtedness and liabilities of Showboat to PDS under, secured by or pursuant to: (a) the PDS Financing; (b) the PDS Mortgage; (c) all fees and reimbursement of expenses payable with respect to the PDS Mortgage; and (d) any and all extensions, renewals, amendments and modifications with respect to the PDS Financing and/or the PDS Mortgage.
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Examples of PDS Debt in a sentence

  • This Agreement shall be binding upon Firstar and PDS and their respective successors and assigns; provided that this Agreement shall not be assignable by Firstar and PDS except in conjunction with the assignment of the PDS Debt or the Firstar Debt, as the case may be, and the assumption by the assignee, in writing, of the terms and provisions of this Agreement.

  • Except as otherwise expressly provided in this Agreement, any security interest or lien that Firstar now has or hereafter acquires in the Equipment, whether now existing or hereafter arising, is and shall be subordinate and inferior in every respect to any security interest or lien in the Equipment, whether now existing or hereafter arising, that PDS now has or hereafter acquires under the PDS Debt.

  • Nothing contained in this Agreement shall impair, as between Showboat, PDS and Firstar, the obligations of Showboat, which are unconditional and absolute, to pay the PDS Debt and the Firstar Debt as and when all or any portion thereof shall become due and payable in accordance with its terms or prevent Firstar or PDS from exercising all of their rights, powers and remedies provided by agreement, applicable law or otherwise in accordance with the terms hereof.

  • Firstar and PDS will provide the other parties with prompt written notice of any assignment of the Firstar Debt or the PDS Debt, respectively and a copy of the document whereby the assignee shall have agreed to be bound by the terms and provisions of this Agreement.

Related to PDS Debt

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Senior Unsecured Indebtedness means Indebtedness that is not subordinated to any other Indebtedness and is not secured or supported by a guarantee, letter of credit or other form of credit enhancement.

  • 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.

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.

  • Secured Indebtedness means any Indebtedness secured by a Lien.