Qualified Debt definition
Qualified Debt means, on any date, the sum of (i) Indebtedness (including all Loans) then outstanding and permitted pursuant to Section 7.03 and (ii) Indebtedness that the Borrower would be permitted to borrow hereunder on such date pursuant to Section 7.03 and, in the case of Loans, Section 4.02(a) and (b), and which the Borrower intends to borrow within twelve months of such date. For purposes of this Agreement, the outstanding principal balance of any Loan described in clause (ii) of the preceding sentence on any date will be the amount thereof set forth in the then most recent Qualified Debt Notice received by the Administrative Agent.
Qualified Debt means a commercial loan that:
Qualified Debt means Indebtedness permitted to be incurred pursuant to Sections 10.04(g) (but, in the case of such clause (g), only to the extent such Indebtedness is in excess of $25,000,000 in the aggregate), (o), (q) and (r).
Examples of Qualified Debt in a sentence
All Obligations hereunder and under the other Credit Documents (including the Guaranty and the Security Documents) are permitted under any Qualified Debt Documents, if any.
More Definitions of Qualified Debt
Qualified Debt means any debt of the Partnership secured by a Facility and held by a party that is not an Affiliate of the Partnership that constitutes a nonrecourse liability of the Partnership under Code Section 752 and the regulations thereunder.
Qualified Debt means Nonrecourse Debt which also constitutes "qualified nonrecourse financing" within the meaning of Section 465(b)(6) of the Code.
Qualified Debt means the term loans advanced pursuant to, or outstanding under, the Amended Credit Agreement.
Qualified Debt means, as to the Company, as of any date of determination, without duplication, all outstanding indebtedness of the Company for borrowed money, including, without limitation, Debt represented by the Notes and the Other Senior Notes.
Qualified Debt means Indebtedness which (i) is unsecured, subordinated or junior in Lien priority to the Note Obligations hereunder, in each case, subject to subordination and intercreditor (as applicable) terms acceptable to the Requisite Purchasers; provided that Qualified Debt may be secured by Liens that are pari passu to the Liens securing the Note Obligations if (x) such Qualified Debt is provided by the Purchasers or (y) otherwise agreed to in writing by the Requisite Purchasers, subject, in each case, to a customary pari passu intercreditor agreement reasonably satisfactory to the Requisite Purchasers, (ii) does not have scheduled amortization or a maturity date, and is not subject to mandatory prepayment, redemption or sinking fund obligations, in each case, prior to the date which is 180 days after the Maturity Date, (iii) in respect of which interest thereon shall only be payable in kind (and not in cash) until the date that is 180 days following the Maturity Date, (iv) which otherwise does not impair, restrict or otherwise limit any of the rights, remedies, enforceability, Liens, Collateral, priorities or perfection of the Secured Parties under the Note Documents or the rights, abilities, liabilities or obligations of the Note Parties and their Subsidiaries hereunder and under the other Note Documents, (v) at the time of issuance or incurrence thereof (and after giving pro forma effect thereto), no Event of Default then exists or would result therefrom and the Company shall be in pro forma compliance with Section 7.11 of the Senior Credit Agreement (as determined based on the most recently delivered quarterly or annual financial statements and giving effect to such Indebtedness as if issued on the first day of the twelve month period ending as of the period covered by such financial statements), (vi) the affirmative, negative and financial covenants and events of default shall be on market terms and, in no event, shall be materially more restrictive on the Company and its
Qualified Debt means the amount of cash proceeds received by Issuer or any of its Affiliates in connection with the incurrence of any indebtedness except for indebtedness under a bank line of credit (provided that with respect to indebtedness under a line of credit to finance the acquisition of a business whatever the structure, this exception shall be limited to an outstanding balance of $10,000,000 in the aggregate at any time) or indebtedness incurred to finance operating expenses, equipment and capital expenditures (but specifically excluding any capital expenditures associated with the acquisition of a business whatever the structure) incurred by Issuer or any of its Affiliates in the ordinary course of business.
Qualified Debt means unsubordinated Debt of the Company or a Restricted Subsidiary other than