Permitted Debt Issuance definition

Permitted Debt Issuance means the issuance of unsecured Indebtedness by one or more of the Credit Parties in an aggregate principal amount not to exceed $100,000,000; provided that (i) the representations, covenants and events of default in respect of such Indebtedness (other than interest rate and fees) are not materially more restrictive, taken as a whole, on the applicable Credit Party than the representations, covenants and events of default in this Agreement and (ii) the maturity date of any Permitted Debt Issuance shall not be prior to the date that is 181 days after the Maturity Date, and such Permitted Debt Issuance shall not be subject to amortization payments or prepayments (other than due to acceleration upon occurrence of an event of default thereunder) prior to such date.
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Permitted Debt Issuance has the meaning assigned thereto in Section 6.2(g).
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Permitted Debt Issuance means that certain Debt Issuance permitted in accordance with Section 8.2.2(i).
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Examples of Permitted Debt Issuance in a sentence

  • The Borrower shall have received, on or prior to the Closing Date, net cash proceeds from the issuance of a combination of the Senior Subordinated Notes, the Convertible Notes and/or the Senior Unsecured Notes in an aggregate amount of $900,000,000 (collectively, the “Permitted Debt Issuance”), such Permitted Debt Issuance to be on terms and conditions reasonably satisfactory to the Administrative Agent.

  • The Administrative Agent shall have received copies of all other documents, certificates and instruments reasonably requested thereby, with respect to the transactions contemplated by this Agreement, the ESSI Merger or the Permitted Debt Issuance.

  • Section 8.01(p) of the Credit Agreement is hereby amended and restated in its entirety as follows:( p ) Notice of Permitted Debt Issuance.

  • Say “please” and “thank you” and “you are welcome.” They go a long way.


More Definitions of Permitted Debt Issuance

Permitted Debt Issuance means unsecured Indebtedness of Mutual Risk for borrowed money issued or incurred after the Closing Date not to exceed $200,000,000, in the aggregate, at any time outstanding; provided that such Indebtedness does not mature or require any principal payments or sinking fund payments prior to the date which is 120 days after the fifth anniversary of the Closing Date and that the terms and conditions of such Indebtedness are not more onerous or restrictive on Mutual Risk and its Subsidiaries than the terms and conditions of the Loan Documents.
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Permitted Debt Issuance means a Debt Incurrence resulting from (i) Designated Financings, (ii) borrowings under the Revolving Credit Facility (to the extent not exceeding $5,000,000,000) or this Agreement, (iii) Permitted Existing Debt and Permitted Refinancings of Permitted Existing Debt, (iv) Permitted Commercial Paper, (v) Permissible Debt, (vi) Debt of the Borrower to any Subsidiary or of any Subsidiary to the Borrower or any other Subsidiary or (vii)
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Related to Permitted Debt Issuance

  • Debt Issuance means the issuance by any Loan Party or any Subsidiary of any Indebtedness other than Indebtedness permitted under Section 8.03.

  • Permitted Debt means any Financial Indebtedness:

  • Permitted Equity Issuance means any sale or issuance of any Qualified Equity Interests.

  • Debt Issuances means, with respect to the Company or any Restricted Subsidiary, one or more issuances after the Issue Date of Indebtedness evidenced by notes, debentures, bonds or other similar securities or instruments.

  • Excluded Equity Issuance means (i) any issuance of Equity Interest by a member of the Restricted Group to another member of the Restricted Group, (ii) any issuance of Equity Interests by the Borrower pursuant to an equity incentive or compensation plan or pursuant to a dividend reinvestment or share purchase plan, and (iii) any issuance of Equity Interest in Parent to acquire limited partnership interests in PREIT.

  • Permitted Issuance means the issuance by the Company of (i) shares of Common Stock (A) offered to the public pursuant to a public offering, (B) upon conversion of any of the convertible securities issued by the Company and outstanding as of the Issuance Date, (C) in connection with any dividend or distribution to the holders of Common Stock, (D) upon exercise of any Options outstanding prior to the Issuance Date or thereafter issued pursuant to any stock option or warrants or pursuant to employee stock option or executive incentive ownership plans approved by a majority of the Board of Directors of the Company, or (E) issued in connection with any stock splits, reclassifications, recapitalizations or similar events, or (ii) any Options issued pursuant to any of the plans referred to in clause (i)(D) above.

  • Permitted Debt Exchange shall have the meaning provided in Section 2.15(a).

  • Equity Issuance means any issuance or sale by a Person of any Equity Interest in such Person and shall in any event include the issuance of any Equity Interest upon the conversion or exchange of any security constituting Indebtedness that is convertible or exchangeable, or is being converted or exchanged, for Equity Interests.

  • Permitted Issuances means issuances of shares of Common Stock and upon exercise of the warrants and options and other convertible securities, in each case listed on Schedule 1.

  • Permitted Indebtedness means any of the following:

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of any Obligor’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of any Obligor’s business in connection with its purchasing of securities, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Investment Policies, provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Permitted Disposition means any of the following:

  • 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 Dispositions means each of 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).

  • Permitted Debt Exchange Notes shall have the meaning provided in Section 2.15(a).

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by the Borrower or any of its Subsidiaries from such Equity Issuance after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection with such Equity Issuance.

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

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • 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.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Disposal means any sale, lease, licence, transfer or other disposal:

  • Permitted Ratio Debt means unsecured Indebtedness incurred or issued by any Loan Party, so long as (a) the terms of such Indebtedness do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the date that is not less than 91 days after the Maturity Date (other than customary offers to repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default), (b) the terms of such Indebtedness do not include any financial maintenance covenants, (c) any negative covenants included in the terms of such Indebtedness are incurrence based and in any event such negative covenants, when taken as a whole, are not more restrictive to the Loan Parties and their Subsidiaries than those set forth in this Agreement (provided that a certificate of the Chief Financial Officer of the Borrower delivered to the Administrative Agent in good faith at least five Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the requirement set out in the foregoing clause (c), shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Administrative Agent provides notice to the Borrower of its objection during such five Business Day period) and (d) if such Indebtedness is subordinated, the Obligations have been, and while the Facilities remain outstanding no other Indebtedness (other than the Indebtedness under the ABL Loan Documents) is or is permitted to be, designated as “Designated Senior Indebtedness” or its equivalent in respect of such Indebtedness.

  • Permitted Financing means (i) the Company’s issuance of Common Stock and warrants therefore in connection with a merger and/or acquisition or consolidation, (ii) the issuance of shares of Common Stock or warrants therefore in connection with strategic license agreements so long as such issuances are not for the purpose of raising capital, (iii) the Company’s issuance of Common Stock or the issuance or grants of options to purchase Common Stock pursuant to the Company’s stock option plans and employee stock purchase plans as they now exist, and (iv) the issuance of Common Stock upon the exercise or conversion of any securities outstanding on the date hereof.