Examples of Permitted Seller Debt in a sentence
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Permitted Liens means Liens permitted by Section 7.2 .Permitted Seller Debt means unsecured Debt incurred in accordance with Section 7.1(h) and in connection with a PermittedAcquisition or Investment permitted under Sections 7.10(o) or 7.10(q) , payable to the seller in connection therewith.
As of any date, the aggregate amount of the Commitments then in effect minus the Letter of Credit Exposure, minus that portion of the Permitted Seller Debt Outstandings not secured by Letters of Credit plus the amount by which the NRTC Letter of Credit Exposure as of such date exceeds the actual amount then owed to the NRTC by the Companies under the NRTC Member Agreements.
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Permitted Seller Debt; provided that (i) the aggregate outstanding principal amount of all such Permitted Seller Debt does not exceed CDN$2,000,000 at any time and (y) no Group Member other than the Borrower will be obligated in respect of Permitted Seller Debt.