Subsidiary Indebtedness definition

Subsidiary Indebtedness means, without duplication, all Unsecured Indebtedness (including Contingent Obligations (other than Contingent Obligations incurred by Subsidiaries in respect of Secured Indebtedness)) of which a Subsidiary other than a Guarantor is the obligor. Obligations under this Agreement shall not constitute Subsidiary Indebtedness. A release under the Subsidiaries Guaranty of a Guarantor which remains a Subsidiary shall be deemed to be an incurrence of Subsidiary Indebtedness in amount equal to the Company’s proportionate interest in the Unsecured Indebtedness of such Guarantor.
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Subsidiary Indebtedness means all unsecured Indebtedness of any Restricted Subsidiary that is not a Subsidiary Guarantor.
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Subsidiary Indebtedness has the meaning set forth in Section 6.01.
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Examples of Subsidiary Indebtedness in a sentence

  • The Company will not permit any of its Subsidiaries to incur any Indebtedness (other than Permitted Subsidiary Indebtedness).

  • The Parent Borrower will not permit any of its Subsidiaries (other than (x) ACUS and (y) the Specified Subsidiary, if any, so long as the Subsidiary Guaranty is in effect) to create, incur, assume or permit to exist any Indebtedness, or agree, become or remain liable (contingent or otherwise) to do any of the foregoing, except for (i) the Obligations, (ii) Indebtedness under the Permitted L/C Facilities and (iii) Permitted Subsidiary Indebtedness.

  • For the avoidance of doubt and without limiting the Indebtedness of the Borrower or any Subsidiary, Indebtedness of Unconsolidated Subsidiaries of the Borrower shall be limited to the Borrower’s Ownership Share of such Indebtedness of its Unconsolidated Subsidiaries in the calculation of each of the financial covenants set forth in Section 9.1.

  • Canadian Borrower will not permit any of its Subsidiaries to contract, create, incur, assume, or permit to exist, any Indebtedness, other than Canadian Permitted Subsidiary Indebtedness.

  • Offer to repurchase upon a Change of Control Repurchase Event; covenants include limitation on Liens, limitation on Sale and Leaseback Transactions, limitation on Subsidiary Indebtedness and Preferred Stock, each as described in the Preliminary Prospectus.


More Definitions of Subsidiary Indebtedness

Subsidiary Indebtedness has the meaning assigned to such term in Section 7.06.
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Subsidiary Indebtedness is defined in Section 10.2.
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Subsidiary Indebtedness means, without duplication, all Unsecured Indebtedness (including guarantees other than guarantees by Subsidiaries of Secured Indebtedness) of which a Subsidiary of the Company or the Parent other than a Guarantor is the obligor. A release of the Guarantee of a Guarantor which remains a Subsidiary of either of the Company or the Parent shall be deemed to be an incurrence of Subsidiary Indebtedness in an amount equal to the proportionate interest of the Company or the Parent in the Unsecured Indebtedness of such Guarantor.
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Subsidiary Indebtedness means, with respect to any Restricted Subsidiary on any date of determination (without duplication):
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Subsidiary Indebtedness as to any Subsidiary, shall mean (a) Intercompany Indebtedness, and (b) other Indebtedness (other than Subsidiary Indebtedness) of such Subsidiary permitted by Section 6.2.
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Subsidiary Indebtedness means (a) a Subsidiary’s obligations (other than to the Borrower or another Subsidiary) for borrowed money that are evidenced by bonds, debentures, notes or bank credit agreements, other than obligations in respect of (i) advances from a Federal Home Loan Bank or funding agreement backed note programs and (ii) securities constituting Hybrid Capital which are issued by a limited liability company, business trust or similar entity, all of the common securities of which are owned, directly or indirectly, by the Borrower and which is formed solely for the purpose of issuing such securities; (b) Guarantees by a Subsidiary of obligations for borrowed money so evidenced of another Person (other than the Borrower or a Subsidiary); (c) Indebtedness owing by a Subsidiary to the Borrower, another Subsidiary or any other Person incurred in support of obligations of a Subsidiary or such other Person in connection with Hybrid Capital; and (d) Guarantees by a Subsidiary in respect of obligations of another Subsidiary or any other Person incurred in support of obligations of a Subsidiary or such other Person in connection with Hybrid Capital.
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Subsidiary Indebtedness means (a) a Subsidiary's obligations (other than to the Borrower or another Subsidiary) for borrowed money that are evidenced by bonds, debentures, notes or bank credit agreements, other than obligations in respect of advances from a Federal Home Loan Bank or funding agreement note programs; (b) Guarantees by a Subsidiary of obligations for borrowed money so evidenced of another Person (other than the Borrower or a Subsidiary); (
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