TCC Debt definition

TCC Debt means the outstanding amount which, once the Merger is -------- effective, shall be owed by the Borrower to the SBA under a debenture dated as of June 24, 1992, originally given by Transportation Capital Corp., a New York Corporation, to the SBA in the original principal amount of $5,600,000.
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TCC Debt means the outstanding amount owed by Medallion Funding to -------- the SBA under a debenture dated as of June 24, 1992, originally given by Transportation Capital Corp., a New York corporation (which merged with and into Medallion Funding), to the SBA in the original principal amount of $5,600,000.
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TCC Debt to read in its entirety as follows:
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Related to TCC Debt

  • Public Debt means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (1) a public offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on the Collateral.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of Holdings or any Restricted Subsidiary.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Lender pursuant to the Loan Documents or any other communication or writing by or between Borrower and Lender related to the transaction or transactions that are the subject matter of the Loan Documents, except such indebtedness which has been paid or is payable by Borrower to Lender under this Note.