Third Party Debt definition
Third Party Debt means debt of any Person (other than the Company or any Subsidiary) for borrowed money that (i) pursuant to Generally Accepted Accounting Principles, is classified as a non-current liability, and (ii) the repayment of which is guaranteed by the Company or any Subsidiary. Notwithstanding the foregoing, Consolidated Funded Net Debt shall not include any Excluded Acquisition Debt.
Third Party Debt. TALF Debt and Additional Debt.
Third Party Debt means any and all Debt (other than Debt evidenced by the Notes or the Joint and Several Guaranty).
Examples of Third Party Debt in a sentence
If the Court Order does not include a reference to the Deposit, or to the scheme administrator, The DPS will be unable to release the Deposit until either the Order is amended or a Third Party Debt Order is obtained.
Notwithstanding the foregoing, in no event shall the Company or any Restricted Subsidiary be or become liable in respect of any Guaranty of Third Party Debt if the indebtedness or other liabilities that are the subject of such Guaranty would be prohibited by Section 6.6 or Section 6.7.
You can also call their helpline on 0303 123 1113 or visit ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇.▇▇ Any outstanding debt may be passed onto a Third Party Debt recovery agency, where further charges may be applied.
The occurrence of any Default or Event of Default or any event of default under any Third Party Debt agreement.
From the date hereof until the closing of the Merger, Seller Parent and Seller shall fund their operating expenses, capital expenditures and working capital needs other than those related to the Business and the Distribution Companies from sources other than the Receivables Escrow; provided that, prior to the closing of the Merger, Seller Parent or Seller may draw upon funds held in the Receivables Escrow to make payments on any and all Third Party Debt (as defined below).
More Definitions of Third Party Debt
Third Party Debt means (a) all outstanding Indebtedness for borrowed money of the Company from any Person, including the short-term and long-term portion thereof, and (b) outstanding Indebtedness of any Person other than the Company that is secured by an Encumbrance on any asset or equity interest of the Company or guaranteed by the Company.
Third Party Debt has the meaning specified in Section 1008.
Third Party Debt means that certain Debt evidenced by the following (as amended from time to time): (i) Convertible Senior Secured Promissory Note, dated March 10, 2017, issued by Operating LLC (formerly known as IFMI, LLC) to the DGC Family Fintech Trust in the aggregate principal amount of $15,000,000, together with that certain Securities Purchase Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), the DGC Family Fintech Trust, a trust established by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, and solely with respect to certain provisions thereof, Parent (formerly known as Institutional Financial Markets, Inc.), and the related Pledge Agreement, dated as of March 10, 2017, by and among Operating LLC (formerly known as IFMI, LLC), in favor of the DGC Family Fintech Trust; (ii) Convertible Senior Secured Promissory Note, dated August 28, 2015, issued by Parent to the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇ in the aggregate principal amount of $4,385,628 (formerly that certain Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to ▇▇▇▇ Park Capital Partners LLC in the aggregate principal amount of $2,923,755, and that certain Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to ▇▇▇▇ Park Capital Partners LLC in the aggregate principal amount of $1,461,873 (collectively, the “▇▇▇▇ Park Notes”); (iii) Convertible Senior Secured Promissory Note, dated September 25, 2013, issued by Parent to EBC 2013 Family Trust in the aggregate principal amount of $2,400,000; (iv) Junior Subordinated Note due 2037, dated June 25, 2007, issued by Parent (formerly known as Alesco Financial Inc.) in the aggregate principal amount of $28,995,000; (v) Junior Subordinated Note due 2035, dated March 15, 2005, issued by Parent (formerly known as Sunset Financial Resources, Inc.) to JPMorgan Chase Bank, N.A., as Property Trustee of Sunset Financial Statutory Trust I, in the aggregate principal amount of $20,619,000; (vi) Investment Agreement, dated October 3, 2016, by and between Operating LLC (formerly known as IFMI, LLC) and JKD Capital Partners I LTD (pursuant to which, among other things, JKD Capital Partners I LTD agreed to invest up to $12,000,000 into Operating LLC) (the “JKD Investment Agreement”); (vii) Investment Agreement, dated September 29, 2016, by and between Operating LLC and ▇▇▇▇▇ Bros. Financial LLC Trust (pursuant to which, among other things, ▇▇▇▇▇ Bros. Financial LLC invested $8,000,000 into Operating LLC); and...
Third Party Debt means any Financial Indebtedness which is owed to any person other than a member of the Wider Group (but, for the avoidance of doubt, excluding any indebtedness arising under any instrument that does not impose any obligations on the obligor to make any cash payment and does not permit such obligor to elect to make any cash payments and to the extent only that such instrument is not amended so as to become an instrument under which there are (or may be) cash payment obligations).
Third Party Debt is defined herein to mean the principal portion owed to third party lenders having a security interest in Resellers’ Financed Inventory which is senior in priority to the security interest of CPC. If Resellers from time to time are required to make immediate payment to CPC, Resellers agree that acceptance of such payment by CPC shall not be construed to have waived or amended the terms of its financing program. Resellers waive notice of CPC’s acceptance of this Paydown Amendment. All other terms as they appear in the Agreement, to the extent consistent with the foregoing, are ratified and remain unchanged and in full force and effect. [signature page(s) follow]
Third Party Debt means all debt in addition to that evidenced by the Debt Agreements listed in paragraph 1.2.1 of the Disclosure Letter residing on the books of SCST or its subsidiaries as of the Distribution Date and specifically excludes intercompany debt owed by SCST or its subsidiaries directly to Yellow. Third Party Debt is listed in paragraph 2.4 of the Disclosure Letter.
Third Party Debt means the aggregate amount (ignoring for these purposes any amounts owed by any Group Company to any other Group Company) of the following amounts at their redemption value (but provided that any amount in relation to a specific item shall only be included once in the calculation or determination of Third Party Debt):