Permitted Purchase Money Indebtedness. (iv) contingent liabilities arising out of endorsements of checks and other negotiable instruments for deposit or collection in the ordinary course of business;
Permitted Purchase Money Indebtedness. (d) Indebtedness existing on the date hereof and described in Schedule 7.8,
Permitted Purchase Money Indebtedness. (i) the Investment Debt so long as (i) Parent or any Loan Party does not at any time guaranty such Indebtedness, (ii) the Investment Debt Documents do not contain any cross-default with respect to the Obligations, (iii) prior to the first anniversary of the Closing Date, the interest rate on such indebtedness shall be paid in cash and on and after the first year anniversary of the Closing Date, the interest rate on such indebtedness shall only be paid in kind and (iv) the maturity date of such indebtedness shall not be before ninety one (91) days after the Maturity Date;
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness and Capitalized Lease Obligations of Borrowers or Guarantors incurred after the date hereof which is secured solely by a Purchase Money Lien.” “Plan – an employee benefit plan now or hereafter maintained for employees of Borrowers or their Subsidiaries that is covered by Title IV of ERISA.”
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness of any Borrower incurred after the date hereof which is secured by a Purchase Money Lien and the principal amount of which, when aggregated with the principal amount of all other such Indebtedness and Capitalized Lease Obligations of Borrowers and their Subsidiaries at the time outstanding, does not exceed $10,000,000. For the purposes of this definition, the principal amount of any Purchase Money Indebtedness consisting of capitalized leases (as opposed to operating leases) shall be computed as a Capitalized Lease Obligation. Person - an individual, partnership, corporation, limited liability company, association, joint stock company, trust, or unincorporated organization, or other enterprise or entity or a government or agency or political subdivision thereof. Plan – an employee benefit plan (as defined in Section 3(3) of ERISA) which any Borrower sponsors or maintains or to which any Borrower makes, is making, or is obligated to make contributions and includes any Pension Plan. Pledge Agreement – the Pledge Agreement, dated as of the Closing Date, by Borrowers in favor of Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time, and each other pledge or security agreement entered into from time to time by any Borrower in favor of Administrative Agent, for the benefit of itself and Lenders, by which such Borrower has granted to Administrative Agent, as security for the Obligations, a Lien upon the equity or debt interests held by such Borrower. Prime Rate - the rate of interest announced or quoted by Bank from time to time as its prime rate for commercial loans, whether or not such rate is the lowest rate charged by Bank to its most preferred borrowers; and, if such prime rate for commercial loans is discontinued by Bank as a standard, a comparable reference rate designated by Bank as a substitute therefor shall be the Prime Rate. Prior Indebtedness - all Indebtedness any other liabilities or obligations of any Borrower owing pursuant to that certain Credit Agreement dated February 11, 2004 by and among National Equipment Services, Inc., the financial institutions party thereof as lenders and Wachovia Bank, National Association, as agent for such lenders, and those agreements, documents and instruments related thereto, as all of the same may be amended, restated, supplemented or otherwise modified. Product Obligations - every obligation of any Borrower under and in respect of any one or ...
Permitted Purchase Money Indebtedness. Purchase Money Indebtedness of Borrowers incurred after the date hereof which is secured by a Purchase Money Lien and the principal amount of which, when aggregated with the principal amount of all other such Indebtedness and Capitalized Lease Obligations of Borrowers and their Subsidiaries at the time outstanding, does not exceed One Million Five Hundred Thousand Dollars ($1,500,000). For the purposes of this definition, the principal amount of any Purchase Money Indebtedness consisting of capitalized leases (as opposed to operating leases) shall be computed as a Capitalized Lease Obligation. Person – an individual, partnership, corporation, limited liability company, joint stock company, land trust, business trust, or unincorporated organization, or a government or agency or political subdivision thereof. Plan – an employee benefit plan now or hereafter maintained for employees of any Borrower or any of its Subsidiaries that is covered by Title IV of ERISA.
Permitted Purchase Money Indebtedness. The definition of “Permitted Purchase Money Indebtedness” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Permitted Purchase Money Indebtedness. Schedule 1.1 of the Credit Agreement is hereby amended by deleting the definition of “Permitted Purchase Money Indebtedness” in its entirety and replacing it with the following: “Permitted Purchase Money Indebtedness” means, as of any date of determination, (a) the ColorMaster Indebtedness, (b) the Xxxxxxx Indebtedness, and (c) other Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $20,000,000. 1.3
Permitted Purchase Money Indebtedness. (e) Indebtedness owing by (i) Parent to any other Borrower, (ii) any wholly-owned Borrower to Parent, and (iii) any wholly-owned Borrower to any other wholly-owned Borrower, so long as, in each such case, any such Indebtedness is the subject of the Intercompany Subordination Agreement;
Permitted Purchase Money Indebtedness. (iv) Indebtedness of any Person that becomes a Subsidiary of Xxxxxx after the date hereof, provided that such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming such a Subsidiary;
