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, at any time, Total Outstanding Indebtedness that is not secured by a lien on assets of the Borrower, a Consolidated Business or a UJV, as the case may be.

Examples of Unsecured Indebtedness in a sentence

The Company and its Subsidiaries shall maintain Total Unencumbered Assets of not less than 120% of the aggregate outstanding principal amount of the Unsecured Indebtedness of the Company and its Subsidiaries, in each case on a consolidated basis.
The Issuers and their Restricted Subsidiaries shall maintain Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of the Unsecured Indebtedness of the Issuers and their Restricted Subsidiaries on a consolidated basis in accordance with GAAP.
Permit, as of the last day of any fiscal quarter of the Consolidated Group, the ratio of (i) Unsecured Indebtedness as of such date to (ii) Unencumbered Asset Value as of the four fiscal quarter period ending on such date to be greater than sixty percent (60%) or, for a period of four consecutive fiscal quarters following a Material Acquisition, sixty-five percent (65%).
Unsecured Indebtedness is not deemed to be subordinated or junior to secured Indebtedness merely because it is unsecured.
Unsecured Indebtedness is not deemed to be subordinate or junior to Secured Indebtedness merely because it is unsecured, nor is any Indebtedness deemed to be subordinate or junior to other Indebtedness merely because it matures after such other Indebtedness.

Unsecured Indebtedness means any Indebtedness of the Company or any of its Subsidiaries that is not Secured 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 Indebtedness which is not secured by any Encumbrance upon any of the properties of the Company or any Subsidiary.

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, all Indebtedness of such Person that is not Secured Indebtedness.

Unsecured Indebtedness means any Indebtedness or Disqualified Stock of the U.S. Borrower or any of its Subsidiaries that is not Secured Indebtedness.

Unsecured Indebtedness means Indebtedness that is not Secured Indebtedness.