Permitted Indebtedness definition
Permitted Indebtedness means any of the following:
Permitted Indebtedness means, without duplication, each of the following:
Permitted Indebtedness means:
Examples of Permitted Indebtedness in a sentence
Neither the Issuer nor Finance NomCo have any material Indebtedness other than Permitted Indebtedness.
More Definitions of Permitted Indebtedness
Permitted Indebtedness means any Indebtedness permitted under Section 9.01.
Permitted Indebtedness has the meaning set forth in Section 4.2.2.
Permitted Indebtedness means (a) Indebtedness of any of You in favor of Us; (b) Indebtedness existing at the Closing Date and disclosed on Schedule 1; (c) Indebtedness to trade creditors, including, without limitation, for the acquisition of services, supplies or inventory in the ordinary course of business; (d) Indebtedness under the Working Capital Loan Facility so long as the aggregate outstanding amount thereof does not at any time exceed (i) the principal amount of Twenty Million Dollars ($20,000,000), subject to a Working Capital Intercreditor Agreement acceptable to Us in Our sole reasonable discretion; (e) Subordinated Indebtedness, (f) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business; (g) Indebtedness with respect to surety bonds and similar obligations incurred in the ordinary course of business; (h) Indebtedness consisting of intercompany journal entries made in connection cost sharing or transfer pricing transactions provided that all such transactions are cashless; (i) Indebtedness not to exceed One Million Dollars ($1,000,000) in the aggregate incurred during the term hereof, secured by a Lien described in clauses (x) and (xi) of the defined term “Permitted Liens”; provided that such Indebtedness does not exceed the purchase price of the specific Equipment financed with such Indebtedness; (j) Indebtedness permitted under clauses (i) and (m) of the definition of Permitted Investments; (k) Indebtedness consisting of interest rate, currency, or commodity swap agreements, interest rate cap or collar agreements or arrangements entered into in the ordinary course of business and designated to protect a Person against fluctuations in interest rates, currency exchange rates or commodity prices; and (l) extensions, refinancings, modifications, amendments and restatements of any item of Permitted Indebtedness (a) though (g) above, provided that the principal amount thereof is not increased.
Permitted Indebtedness has the meaning specified in Section 7.03.
Permitted Indebtedness means (i) Indebtedness evidenced by this Note and the Other Notes, (ii) Indebtedness set forth on Schedule 3(s) to the Securities Purchase Agreement, as in effect as of the Subscription Date and (iii) Indebtedness secured by Permitted Liens or unsecured but as described in clauses (iv) and (v) of the definition of Permitted Liens.
Permitted Indebtedness means any and all of the following:
(i) Indebtedness of the Company and its Restricted Subsidiaries pursuant to the Bank Credit Agreement (including all Guarantees thereof) in an aggregate amount not to exceed the greater of (A) $20 million or (B) 85% of Eligible Receivables, less the aggregate amount of all payments thereon which are applied to permanently reduce the outstanding amount of or the commitments with respect to such Indebtedness;
(ii) Indebtedness represented by the Notes, this Indenture, the Subsidiary Guarantees and the Pledge Agreement;
(iii) intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided that (A) if the Company is an obligor on such Indebtedness, such Indebtedness is expressly subordinate to the payment in full of all Obligations with respect to the Notes and (B) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary of the Company, or any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary of the Company, shall be 35 43 deemed to constitute a new Incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be;
(iv) Permitted Refinancing Indebtedness Incurred in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund, (A) Indebtedness (other than Permitted Indebtedness) that was Incurred in compliance with this Indenture, (B) Indebtedness referred to in clause (b) (ii) of this Section, or (C) Existing Indebtedness;
(v) Indebtedness of a Restricted Subsidiary of the Company constituting a Guarantee of Indebtedness of the Company or a Restricted Subsidiary which Indebtedness was Incurred pursuant to this Section 4.9(b) or the Consolidated Interest Coverage Ratio test set forth in Section 4.9(a);
(vi) Hedging Obligations of the following types: (A) Interest Rate Hedg▇▇ ▇▇▇ notional principal amount of which does not exceed the principal amount of the Indebtedness to which such Interest Rate Hedge relates, and (B) Currency Hedg▇▇ ▇▇▇t do not increase the outstanding loss potential or liabilities other than as a result of fluctuations in foreign currency exchange rates;
(vii) Indebtedness (in addition to Indebtedness permitted by any other clause of this Section 4.9(b)) in an aggregate principal amount at any time outstanding not ...
Permitted Indebtedness means (a) the indebtedness evidenced by this Note, (b) senior secured non-convertible loans from traditional commercials banks with interest per annum not to exceed 12%, (c) capital lease obligations and purchase money indebtedness incurred in connection with the acquisition of machinery and equipment as long as such capital leases and indebtedness are approved in advance by the Holder and (d) the Indebtedness set forth on Schedule 3.27 to the Purchase Agreement).