Term Debt definition

Term Debt means on any date, Financial Indebtedness with a scheduled maturity date 12 Months or more from the date on which such Financial Indebtedness was incurred (and for the avoidance of doubt excluding the Facility and any Ancillary Facility).

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Term Debt has the meaning specified in Section 7.03(d).

Term Debt means the debt and obligations set forth on SCHEDULE 1.3.

Examples of Term Debt in a sentence

• For purposes of this Agreement average ROIC shall be computed as Net Income divided by the sum of Short-Term Debt plus Long Term Debt plus Shareholder’s Equity, averaged over the three fiscal years in the Performance Period.

• The Borrower shall maintain or cause to be maintained the ratio of Long Term Debt as at the last day of each Fiscal Quarter to EBITDA for the four consecutive Fiscal Quarters ending on such day in a ratio of less than or equal to 3.5 to 1.

• In the event of any conflict between the terms of the applicable Permitted Term Debt Intercreditor Agreement and the Collateral Documents, the terms of such Permitted Term Debt Intercreditor Agreement shall govern and control.

• Notwithstanding anything to the contrary contained herein, each Lender acknowledges that from and after the date of incurrence of any Permitted Term Debt, the Liens and security interest granted to the Administrative Agent pursuant to the Collateral Documents and the exercise of any right or remedy by such Administrative Agent thereunder are subject to the provisions of the applicable Permitted Term Debt Intercreditor Agreement.

• The ABL Agent and the Controlling Term Agent shall each be named as additional insured or loss payee, as applicable, with respect to all insurance policies relating to the Collateral as set forth in the Term Credit Agreement, any Additional Term Debt Agreement or the ABL Credit Agreement, as applicable.

More Definitions of Term Debt

Term Debt means the aggregate principal amount of any senior and subordinated term debt of the Company and its Subsidiaries on a consolidated basis for purposes of GAAP that is outstanding at the time in question.

Term Debt means debt of the Partnership with a term in excess of twelve months, incurred with respect to acquiring or investing in equipment, or refinancing non-term debt, but not debt incurred with respect to refinancing existing Partnership term debt.

Term Debt means a loan that usually has a fixed interest rate and is longer term in duration, usually with a term of two or more years. The loan is secured by real property where the lender is granted a security interest in the real property as security for the debt.

Term Debt means the “Loans” and all other “Obligations” each as defined in the Term Loan Agreement.

Term Debt means any Indebtedness of Company or any Restricted Subsidiary other than (a) Credit Facilities providing for the borrowing of money or the issuance of letters of credit on a revolving basis or for working capital, (b) Priority Indebtedness, and (c) Indebtedness secured by Liens permitted by paragraphs (a) through (m) of Section 10.3.

Term Debt means (i) any bonds, notes or other debt securities (including (without limitation) convertible debt securities) or (ii) any loan or credit facility (including (without limitation) Bridging Debt, but excluding in all cases any Subordinated Funding and any Hybrid Capital Securities) provided that:

Term Debt means the Debt due or to become due under a certain Term Loan Agreement dated as of June 21, 2005 among JPMorgan Chase Bank, N.A., as administrative agent, the lenders party thereto, the Borrower, and Holdings, together with all other documents relating thereto, including, without limitation, a certain Guarantee and Collateral Agreement dated as of June 21, 2005 (as each may be amended, modified, supplemented, extended, restated, renewed or replaced from time to time in accordance with the terms hereof and the Intercreditor Agreement).