Definition of Permitted Debt Sample Clauses

Definition of Permitted Debt. 5.1 The definition of "
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Definition of Permitted Debt. The defined term “Great Harbor Debt” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:
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Definition of Permitted Debt. Effective as of the Effective Date, pursuant to Section 9.02 of the Indenture, the definition of the term “Permitted Debt” in Section 1.01 of the Indenture is amended to change clause (1) thereof to read as follows:
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Definition of Permitted Debt. The definition of the term “Permitted Debt” set forth in Section 10(a)(i) of the Existing Merton Notes is amended to add the following: (23) guarantees by the Company or the Parent Guarantor issued in connection with Derivative Instruments permitted by Section 27(hhh)(xix). c. Definition of Permitted Investments. The definition of the term “Permitted Investments” set forth in Section 27(hhh) of the Existing Merton Notes is amended to add the following: (xix) Derivative Instruments where the aggregate collateral pledged under the Derivative Instruments does not at any time exceed (i) the sum of total cash and Cash Equivalents held by the Parent Guarantor and its Subsidiaries, less (ii) the amount of unrestricted and unencumbered cash and or Marketable Securities required to satisfy the minimum cash covenant set forth in Section 10(f). d.
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Related to Definition of Permitted Debt

  • Definition of Person The term "person" shall mean any individual, corporation, firm, association, partnership, limited liability company or other legal entity or other form of business organization.

  • Permitted Debt Create, incur, guarantee or suffer to exist any Debt, except:

  • Definitions Principles of Construction Section 1.1 Definitions 1 Section 1.2 Principles of Construction 13 ARTICLE II

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • Permitted Indebtedness Borrower shall not create, incur, assume or suffer to exist any Indebtedness, except the following (collectively, "Permitted Indebtedness"): (i) Indebtedness under the Loan Documents, (ii) any Indebtedness set forth on Schedule 7.2, (iii) Capitalized Lease Obligations incurred after the Closing Date and Indebtedness incurred pursuant to purchase money Liens permitted by Section 7.3(v), provided that the aggregate amount of such Capitalized Lease Obligations and purchase money indebtedness outstanding at any time shall not exceed $75,000, (iv) Indebtedness in connection with advances made by a stockholder in order to cure any default of the financial covenants set forth on Annex I; provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; (v) accounts payable to trade creditors and current operating expenses (other than for borrowed money) which are not aged more than 120 calendar days from the billing date or more than 30 days from the due date, in each case incurred in the ordinary course of business and paid within such time period, unless the same are being contested in good faith and by appropriate and lawful proceedings and such reserves, if any, with respect thereto as are required by GAAP and deemed adequate by Borrower's independent accountants shall have been reserved; (vi) borrowings incurred in the ordinary course of business and not exceeding $10,000 individually or in the aggregate outstanding at any one time, provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; and (vii)

  • Possession of Permits The Adviser has such Permits as are necessary to own its property and to conduct its business in the manner described in the Preliminary Prospectus and the Prospectus; the Adviser has fulfilled and performed all its material obligations with respect to such Permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the Adviser under any such Permit.

  • Credit Agreement Definitions Unless otherwise defined herein or the context otherwise requires, terms used in this Pledge Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement.

  • RATIFICATION OF PERFECTION CERTIFICATE Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate dated as of June 13, 2002 between Borrower and Bank, and acknowledges, confirms and agrees the disclosures and information Borrower provided to Bank in said Perfection Certificate has not changed, as of the date hereof.

  • RATIFICATION OF PERFECTION CERTIFICATES Borrower hereby ratifies, confirms, and reaffirms, all and singular, the terms and disclosures contained in certain Perfection Certificates delivered to the Bank on or about June 11, 2003, and acknowledges, confirms and agrees the disclosures and information provided therein has not changed, as of the date hereof.

  • Definitions Rules of Construction In addition to terms otherwise defined herein, the following terms are used herein as defined below:

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