Permitted Company Debt definition

Permitted Company Debt means the Company’s capital lease obligations.
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Permitted Company Debt means, in respect of TAH and the TLR Entities, as applicable, (a) Debt under the existing Deutsche Bank 2013 Facility and the Xxxxxx Xxxxxxx Facility, provided that, in each case, such Debt continues to be non-recourse; (b) Debt under the TLR Loan Facilities, provided that such Debt continues to be non-recourse; (c) Debt in respect of Non-Recourse Arrangements; (d) Debt in respect of (i) purchase money Liens on specific fixed assets (including Capital Leases) and (ii) trade accounts payables arising in the ordinary course of business to the extent included in Debt, in an aggregate amount for clauses (i) and (ii) not to exceed Cdn$[DELETION] [Amount deleted for confidentiality reasons] at any time; (e) intercompany Debt among the Borrower and/or any Guarantor and TAH and the TLR Entities, respectively, provided that such intercompany Debt is unsecured and subordinated to the Obligations; and (f) for greater certainty, any Securitization Arrangement.
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Permitted Company Debt means any Debt that the Company or its Subsidiaries would be permitted to incur, create, assume or suffer to exist pursuant to Section 9.02(b) or Section 9.02(e) of the Credit Facility as in effect on the date hereof.
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Examples of Permitted Company Debt in a sentence

  • Parent or the Surviving Corporation shall pay all Permitted Company Debt that is due and payable as of Closing within five (5) days of the Closing Date.

  • If the dollar amount of the Company Debt is in excess of the Permitted Company Debt Amount (the “ Excess Company Debt Amount”), then the Base Equity Value shall be decreased by the Excess Company Debt Amount.

  • If the dollar amount of the Company Debt is less than the Permitted Company Debt Amount, then the Base Equity Value shall not be adjusted in respect of the Company Debt.

  • Other than the Permitted Company Debt, all outstanding debts and obligations, whether current or long term, of the Company will be extinguished immediately prior to the Closing.

  • Spergel and Moye (2004) have developed a list of feasibility criteria for the finance mechanisms as indicated below.


More Definitions of Permitted Company Debt

Permitted Company Debt means all of the Indebtedness of East and its Subsidiaries outstanding immediately prior to the Merger Effective Time, together with all re-financings and replacements thereof, and all working capital and fixed asset Indebtedness incurred to fund or support the operations and capital expenditures of the Company Accounting Group, which Indebtedness may be provided by the Parent or any of its Subsidiaries or incurred under credit facilities or other arrangements of Parent or any of its Subsidiaries and allocated to the Company and/or its Subsidiaries, provided, that, in no event shall Permitted Company Debt include Indebtedness incurred by Parent or any of its Subsidiaries to fund the payment of merger consideration payable in the Merger under the Merger Agreement in respect of the East Common Stock.
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Permitted Company Debt shall have the meaning set forth in Section 6.4 of this Agreement.
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Permitted Company Debt means, in respect of TAH and the TLR Entities, as applicable, (a) Debt under the existing Deutsche Bank 2013 Facility and the Morgan Stanley Facility, provided that, in each case, such Debt continues to be non-recourse; (b) Debt under the TLR Loan Facilities, provided that such Debt continues to be non-recourse; (c) Debt in respect of Non-Recourse Arrangements; (d) Debt in respect of (i) purchase money Liens on specific fixed assets (including Capital Leases) and (ii) trade accounts payables arising in the ordinary course of business to the extent included in Debt, in an aggregate amount for clauses (i) and (ii) not to exceed Cdn$[DELETION] [Amount deleted for confidentiality reasons] at any time; (e) intercompany Debt among the Borrower and/or any Guarantor and TAH and the TLR Entities, respectively, provided that such intercompany Debt is unsecured and subordinated to the Obligations; and (f) for greater certainty, any Securitization Arrangement.
Sample 1
Permitted Company Debt means, in respect of TAH: (a) Debt under the existing Deutsche Bank 2013 Facility and the Xxxxxx Xxxxxxx Facility, provided that, in each case, such Debt continues to be non-recourse; (b) Debt in respect of Non-Recourse Arrangements; (c) Debt in respect of (i) purchase money Liens on specific fixed assets (including Capital Leases) and (ii) trade accounts payables arising in the ordinary course of business to the extent included in Debt, in an aggregate amount for clauses (i) and (ii) not to exceed Cdn$ [DELETION] [Amount deleted for confidentiality reasons] at any time; (d) intercompany Debt among the Borrower and/or any Guarantor and TAH, provided that such intercompany Debt is unsecured and subordinated to the Obligations; and (e) for greater certainty, any Securitization Arrangement. (193) “Permitted Liens” means, with respect to any Person: (a) any Lien created by or arising under any statute or regulation or at common law (in contrast with Liens voluntarily granted) in connection with, but without limiting the foregoing, workers’ compensation, employment insurance, employers’ health tax or other social security or statutory obligations, but not including Liens arising under ERISA, that secure amounts that are not yet overdue, or which are being contested in good faith by proper proceedings diligently pursued and as to which adequate reserves have been established on
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Permitted Company Debt means: (a) Indebtedness of the Company pursuant to one or more Credit Facilities; (b) guarantees by the Company of the Indebtedness of any of its Restricted Subsidiaries, PROVIDED that the Indebtedness of such Restricted Subsidiaries is permitted to be incurred under the Indenture; (c) Indebtedness of the Company under which the Company becomes the primary obligor following a default upon any of the preceding Indebtedness of any of its Restricted Subsidiaries that the Company guaranteed in compliance with clause (b); (d) Non-Permanent Indebtedness incurred by the Company in connection with the acquisition of any business, Person or assets; or (e) Indebtedness incurred pursuant to clause (xvii) of the definition of "Permitted Indebtedness" to the extent such payments are permitted by Section 4.07 hereof.
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Related to Permitted Company Debt

  • Company Debt shall have the meaning set forth in Section 6.13.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.

  • Intercompany Debt has the meaning specified in Section 7.02.

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

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Permitted Group means any group of investors that is deemed to be a “person” (as that term is used in Section 13(d)(3) of the Exchange Act), by virtue of the Stockholders Agreement, as the same may be amended, modified or supplemented from time to time; provided that no single Person (other than the Principals and their Related Parties) Beneficially Owns (together with its Affiliates) more of the Voting Stock of the Company that is Beneficially Owned by such group of investors than is then collectively Beneficially Owned by the Principals and their Related Parties in the aggregate.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Debt means any Financial Indebtedness:

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Short-Term Indebtedness means Utility Indebtedness having an original maturity less than or equal to one year from the date of original incurrence thereof, and not renewable or extendible at the option of the obligor thereon for a term greater than one year beyond the date of original issuance.

  • Permitted Prior Working Capital Lien means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior facility is not greater than 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Advisor (so long as it has the necessary delegated authority) or the Borrower’s board of directors (or the appropriate committee thereof with the necessary delegated authority) in a commercially reasonable manner, including the use of an Approved Third-Party Appraiser in the case of Unquoted Investments).

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Covenant Parties, except for such restrictions that are contained in agreements governing Indebtedness permitted under this Indenture and that is secured by such cash or Cash Equivalents.

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all the Equity Interests (other than directors’ qualifying shares) in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person, division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default shall have occurred and be continuing or would result therefrom; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with a fair market value (as determined in good faith by the Borrower) in excess of $50.0 million, the Borrower and its Subsidiaries shall be in Pro Forma Compliance after giving effect to such acquisition or investment and any related transactions; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) the Borrower and the Subsidiaries are in compliance with Section 5.09 to the extent required thereby with respect to any person acquired in such acquisition, and (vi) the aggregate amount of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests in persons that are not Subsidiary Loan Parties or persons that do not become Subsidiary Loan Parties upon consummation of such acquisition shall not exceed the sum of (x) the greater of (I) 4.5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such acquisition or investment for which financial statements have been delivered pursuant to Section 5.04 and (II) $500.0 million and (y) the portion of Cumulative Credit on the date of such election by the Borrower.

  • Excluded Debt means (i) intercompany Indebtedness between or among any Credit Parties and any of their Subsidiaries, (ii) credit extensions under the Revolving Credit Facility and the Existing Target Credit Agreement (and any refinancing, renewal, refunding, extension or replacement of either or both thereof in an aggregate principal amount not to exceed the refinanced, renewed, refunded, extended or replaced funded amount thereof plus accrued and unpaid interest or premiums thereon and fees and expenses incurred in connection therewith plus (without duplication) an amount equal to any commitment unutilized thereunder plus $500,000,000), (iii) any refinancing, renewal, refunding, extension or replacement of any Indebtedness existing on the Effective Date in an aggregate principal amount not to exceed the refinanced, renewed, refunded, extended or replaced amount plus accrued and unpaid interest or premiums thereon and fees and expenses incurred in connection therewith, so long as any such Indebtedness so refinanced, renewed, refunded, extended or replaced after the Closing Date shall have a maturity prior to the Maturity Date, (iv) any Indebtedness issued or incurred in the ordinary course of business for working capital purposes in an aggregate amount not to exceed $500,000,000, (v) any commercial paper backed by the Revolving Credit Facility or the Existing Target Credit Agreement (or under any facilities refinancing, renewing, refunding, extending or replacing the Revolving Credit Facility and/or the Existing Target Credit Agreement and meeting the requirements set forth in clause (ii) above), (vi) any borrowings under this Credit Agreement or the Term Loan Facility, and (vii) other Debt not included in clauses (i) through (vi) above in an outstanding aggregate principal amount not to exceed $500,000,000.

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • permitted client means any of the following:

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Permitted Indebtedness means any of the following:

  • Permitted Affiliate Transactions means the following:

  • Permitted Convertible Indebtedness means senior, unsecured Indebtedness of the Borrower or any Restricted Subsidiary that is convertible into shares of common stock of the Borrower (or other securities or property following a merger event, reclassification or other change of the common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such other securities or property), and cash in lieu of fractional shares of common stock of the Borrower.

  • Acquisition Indebtedness Indebtedness of (A) the Borrower or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of any assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Borrower or any Restricted Subsidiary, or (B) any Person that is acquired by or merged or consolidated with or into the Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger or consolidation).