Unsecured Indebtedness definition
Unsecured Indebtedness means Indebtedness which is not Secured Indebtedness.
Unsecured Indebtedness means all Indebtedness of any Person that is not secured by a Lien on any asset of such Person.
Unsecured Indebtedness means Indebtedness of the Company or any of its Subsidiaries that is not Secured Indebtedness, determined on a consolidated basis in accordance with GAAP.
Examples of Unsecured Indebtedness in a sentence
As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Unsecured Indebtedness to Borrowing Base Value to be greater than (x) during a Leverage Ratio Increase Period, 0.65 to 1.00 and (y) at all other times, 0.60 to 1.00.
More Definitions of Unsecured Indebtedness
Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness; provided, however, that (i) any Indebtedness that is secured only by a pledge of Equity Interests shall be deemed to be Unsecured Indebtedness unless the same constitutes Secured Indebtedness as provided in the last sentence of the definition of “Secured Indebtedness”; and (ii) Indebtedness of the type described in clause (g) of the definition of Indebtedness shall not constitute Unsecured Indebtedness.
Unsecured Indebtedness means any Indebtedness of the Company or any of its Subsidiaries that is not Secured Indebtedness.
Unsecured Indebtedness means Indebtedness which is not secured by any Encumbrance upon any of the properties of the Company or any Subsidiary.
Unsecured Indebtedness means with respect to a Person as of any given date, (a) the aggregate principal amount of (a) all Indebtedness of such Person outstanding at such date that is not Secured Indebtedness plus (b) all Nonrecourse Indebtedness which such Person has Guaranteed but only to the extent of such Guaranty (excluding obligations in respect of Guaranties of customary exceptions to nonrecourse liability).
Unsecured Indebtedness means, as of any date, (1) any Permitted Advisor Loan (which may be Guaranteed by one or more other Obligors) and (2) Indebtedness of an Obligor (which may be Guaranteed by one (1) or more other Obligors) that:
Unsecured Indebtedness means, with respect to a Person, Indebtedness of such Person that is not Secured Indebtedness; provided, however, that any Indebtedness that is secured only by a pledge of Equity Interests shall be deemed to be Unsecured Indebtedness.
Unsecured Indebtedness means Indebtedness of the Issuer and the Parent, determined on a consolidated basis, which is not Secured Indebtedness. Notwithstanding the foregoing, all Indebtedness which is secured by a pledge of equity interests only and is recourse to Issuer or the Parent shall be deemed to be Unsecured Indebtedness.