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).

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

• Term Debt shall mean any amount in- cluded in Total Long-Term Debt pursuant to Accounting Requirements.

• Excluded Liabilities include, but are not limited to those liabilities identified as bonds payable on the Hospital's balance sheet, including the portion of those liabilities identified as current installments of long-term debt on the Hospital's balance sheet that relate to bonds payable and non-current portion of Long Term Debt.

• The basic formula is calculated as follows: Debt to Equity = Long Term Debt / Total Equity The more capital intensive the firm, the higher the debt to equity ratio.

• The OLLC hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the SPV, its successors and its assigns, for its and their own use and burden forever, all right, title obligation and interest in the Long-Term Debt, and the SPV hereby assumes full and primary responsibility for the repayment of the Long Term Debt, as between itself and the OLLC and subsidiary of the OLLC that is a guarantor of the Long Term Debt.

• Borrower hereby acknowledges, confirms, and agrees that, other than with respect to Term Debt Collateral, Agent has, and will continue to have, valid, enforceable, and perfected first-priority continuing liens upon and security interests in the Collateral heretofore granted to Agent, for the benefit of Agent and Lenders, pursuant to the Security Agreement and the other Loan Documents or otherwise granted to or held by Agent, for the benefit of Agent and Lenders.

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 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 all Borrowed Money owed to the Term Creditors (as defined in the Intercreditor Agreement) pursuant to the Term Debt Documents.

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 Term A Debt and the Term B Debt outstanding under the Term Credit Agreement.