Permitted Bank Debt has the meaning assigned to such term in Section 4.06.
Permitted Bank Debt means Indebtedness incurred by the Company or any Restricted Subsidiary other than a Foreign Subsidiary pursuant to the Credit Facilities, any Receivables Program, or one or more other term loan and/or revolving credit or commercial paper facilities (including any letter of credit subfacilities) entered into with commercial banks and/or financial institutions, and any replacement, extension, renewal, refinancing or refunding thereof.
Permitted Bank Debt means the principal of (and premium, if any), interest on, and all fees and other amounts (including, without limitation, any reasonable out-of-pocket costs, enforcement expenses (including reasonable out-of-pocket legal fees and disbursements), collateral protection expenses and other reimbursement or indemnity obligations relating thereto) payable by Company and/or its Subsidiaries under or in connection with any credit facility to be entered into by the Company and/or its Subsidiaries with one or more financial institutions (and on terms and conditions) reasonably satisfactory to the Required Holders (together with any amendments, restatements, renewals, refundings, refinancings or other extensions thereof); provided, however, that the aggregate outstanding amount of such Permitted Bank Debt (taking into account the maximum amounts which may be advanced under the loan documents evidencing such Permitted Bank Debt) does not as of the date on which any such Permitted Bank Debt is incurred exceed (i) $20,000,000, with respect to the unpaid principal balance of loans thereunder (collectively, "CREDIT LOANS"), and (ii) $0, with respect to all reimbursement and other payment obligations of the Company in connection with letters of credit issued for the account of the Company to secure real estate lease obligations with respect to the manufacturing facility located in Korea and operated by SpatiaLight Korea, Inc. (collectively, "L/C OBLIGATIONS"), provided, further, that any such L/C Obligations shall be fully secured by cash pledged to and held by as the issuers (or confirming issuers) of such letters of credit and no other assets.
Examples of Permitted Bank Debt in a sentence
The Term Loan and the other Obligations constitute "Permitted Bank Debt" as defined in the Borrower's Indentures (other than the Indentures with respect to the Convertible Subordinated Notes).
The Administrative Agent and the Collateral Agent agree, and are hereby authorized by each Lender, following a request from the Borrower in connection with the incurrence of any Permitted Bank Debt, to enter into one or more Intercreditor Agreements from time to time which meet the requirements of this Section 5.10; provided, however, that the Borrower shall provide to the Administrative Agent such legal SECOND LIEN CREDIT AGREEMENT AMKOR TECHNOLOGY, INC.
The Second Amendment amends the definition of “Permitted Bank Debt” in the First Lien Loan and Security Agreement to allow the Transaction to qualify as Permitted Bank Debt under the terms thereof.The press release announcing the Transaction is included herein as an exhibit.
More Definitions of Permitted Bank Debt
Permitted Bank Debt means Indebtedness incurred by the Company or any Restricted Subsidiary pursuant to the Credit Facilities, any Receivables Program, or one or more other term loan and/or revolving credit or commercial paper facilities (including any letter of credit subfacilities) or indentures or note purchase agreements entered into with commercial banks and/or financial institutions, and/or institutional investors and/or insurance companies or trustees, whether in the bank or debt capital markets or otherwise (or combination thereof) and any replacement, extension, renewal, refinancing or refunding thereof.
Permitted Bank Debt means (i) the Current Credit Facility or (ii) any Indebtedness incurred by the Company from a commercial banking institution as a replacement of the Current Credit Facility; provided, however, that the aggregate amount of all Permitted Bank Debt shall not exceed $6,000,000 of which (A) the aggregate amount of all Permitted Bank Debt (other than Permitted Bank Debt incurred to fund the acquisition of Picotronix, Inc.) shall not exceed $3,000,000 and (B) the aggregate amount of any Permitted Bank Debt incurred to fund the acquisition of Picotronix, Inc. shall not exceed $3,000,000.
Permitted Bank Debt means Indebtedness incurred by the Company or any Restricted Subsidiary pursuant to the Credit Facilities, any Receivables Program, or one or more other term loan and/or revolving credit or commercial paper facilities (including any letter of credit subfacilities) or indentures entered into with commercial banks and/or financial institutions or trustees, and any replacement, extension, renewal, refinancing or refunding thereof.
Permitted Bank Debt means Indebtedness incurred by the Company or any Restricted Subsidiary other than a Foreign Subsidiary pursuant to the Credit Facilities, any Receivables Program, or
Permitted Bank Debt means debt of the Corporation under the VL Credit Agreement and the liability of any Guarantor, pursuant to any guarantee given in connection with the VL Credit Agreement or refinancings, amendments or refundings of the VL Credit Agreement, in an aggregate principal amount at any one time outstanding not to exceed Cdn.$1,450,000,000, less, in the case of any such debt which has a specified schedule of repayments ("Term Debt"), the amount of any mandatory or optional repayments actually made in respect of any such debt and less, in the case of any such debt which provides that such debt may be repaid and then reborrowed ("Revolving Debt"), the amount by which the Lenders' aggregate commitment thereunder has been permanently reduced (excluding such repayments and commitment reductions which occur substantially contemporaneously with a refinancing, amendment or refunding thereof); provided, however, that no such refinancing, amendment or refunding shall (A) increase the aggregate principal amount of such debt permitted under this definition immediately prior to the time of such refinancing, amendment or refunding or (B)(I) shorten the then aggregate average weighted maturity of such outstanding debt permitted under this definition at the time of such refinancing, amendment or refunding to the extent that such debt is Term Debt and (II) shorten the final maturity or shorten the then aggregate average weighted maturity of the outstanding commitments of such debt permitted under this definition at the time of such refinancing, amendment or refunding to the extent that such debt is Revolving Debt;
Permitted Bank Debt means the Revolving Credit Facility by and between the Company, as borrower, Hibernia National Bank, as Agent, and the lenders named therein, dated March 4, 2002 (the "Credit Facility") as amended or refinanced from time to time, and any successors or replacement agreement or agreements with the same or any other agents, creditor, lender or group of creditors or lenders that provide for the incurrence of senior secured debt and have no equity component to such financing. If the Company replaces, refinances or changes the Credit Facility in any way, the changed or successor facility shall include the definition of "Default" and "Loan Excess" serving the same function therein as such terms serve in the Credit Facility.
Permitted Bank Debt means the Revolving Credit Facility by and between the Company, as borrower, Hibernia National Bank, as Agent, and the lenders named therein, dated March 4, 2002 (the "Credit Facility"), as amended or refinanced from time to time, and any successors or replacement agreement or agreements with the same or any other agents, creditor, lender or group of creditors or lenders.