Subsidiary Debt definition

Subsidiary Debt means all unsecured Indebtedness of which a Restricted Subsidiary is the primary obligor.

Subsidiary Debt means, with respect to the Company’s consolidated subsidiaries, at any time and without duplication, the aggregate outstanding principal amount of all Indebtedness of such consolidated subsidiaries at such time described in clauses (a), (b), (c), (g) and (h) of the definition of the term “Indebtedness”, other than:

Subsidiary Debt means, collectively, the Subsidiary Unsecured Notes, Rural Utilities Service Loan Contracts, and Verizon Secured Notes.

Examples of Subsidiary Debt in a sentence

• Subsidiary Debt GuaranteeHydro One Holdings Limited (HOHL) is an indirect wholly-owned subsidiary of Hydro One that may offer and sell debt securities.

• The execution, delivery of, and the performance of this Agreement by each Borrower are permitted under the terms of the Existing Subsidiary Debt.

• Treatment: In accordance with section 1124 of the Bankruptcy Code, each Subsidiary Debt Guarantee Claim shall be reinstated.

• The Company will not at any time permit the sum of (i) Total Restricted Subsidiary Debt at such time plus, without duplication, (ii) the aggregate amount of all Debt and other obligations outstanding at such time secured by Liens permitted by clause (v), clause (vi) and clause (vii) of Section 6.6(a) to exceed (A) on or before July 31, 1997, fifteen percent (15%) of Consolidated Tangible Net Worth or (B) on or after August 1, 1997, twenty percent (20%) of Consolidated Tangible Net Worth.

• There are not any bonds, debentures, notes or other indebtedness of any such Contributed Subsidiary having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of capital stock or other ownership interests of such Contributed Subsidiary may vote ("Voting Subsidiary Debt").

More Definitions of Subsidiary Debt

Subsidiary Debt means, in respect of any Subsidiary of the Borrower, all Indebtedness (other than (a) net obligations of such Subsidiary under any Swap Contract with a tenor of less than eighteen months, (b) Guarantees by such Subsidiary of the obligations of other Subsidiaries or the obligations of the Borrower, in either case, of the kind described in the preceding clause (a) and (c) unfunded, uncommitted lines of credit) of such Subsidiary.

Subsidiary Debt has the meaning specified in Section 7.01.

Subsidiary Debt has the meaning specified in Section 1011(a).

Subsidiary Debt means all Debt of which the direct obligor is a subsidiary of the Company.

Subsidiary Debt means Debt of a Subsidiary of Borrower owed to any Person other than Borrower or a Subsidiary of Borrower and reimbursement obligations under letters of credit issued for the account of a Subsidiary of Borrower, except for (i) Debt of any Material Subsidiary under the Material Subsidiary Guaranty, (ii) Debt of Subsidiaries set forth on Schedule 7.1) and any refinancings thereof permitted pursuant to Section 7.1(e), (iii) Debt of Subsidiaries permitted by Section 7.1(j), and (iv) Contingent Obligations of Subsidiaries permitted by Sections 7.5)(a), 7.5(d), 7.5(f), 7.5(j) (other than in respect of letters of credit) and Contingent Obligations constituting performance bonds.

Subsidiary Debt means, without duplication, all Unsecured Indebtedness (including Guarantees other than Guarantees by Restricted Subsidiaries of Secured Indebtedness) of which a Restricted Subsidiary of the Company or the Parent (other than the Company) other than a Guarantor is the obligor. A release of the Subsidiary Guarantee of a Guarantor which remains a Restricted Subsidiary of the Company or the Parent shall be deemed to be an incurrence of Subsidiary Debt in an amount equal to the proportionate interest of the Company or the Parent in the Unsecured Indebtedness of such Guarantor.

Subsidiary Debt has the meaning set forth in Section 6.01(a).