Common use of Permitted Subordinated Debt Clause in Contracts

Permitted Subordinated Debt. (C) Debt of the Borrower or any Subsidiary of the Borrower secured by a Lien described in clause (vii) of the definition of Permitted Liens, in an aggregate principal amount outstanding at any time not to exceed $25,000,000;

Appears in 2 contracts

Samples: Credit Agreement (Young Broadcasting Inc /De/), Credit Agreement (Young Broadcasting Inc /De/)

AutoNDA by SimpleDocs

Permitted Subordinated Debt. (C) Debt of the Borrower or any Subsidiary of the Borrower secured by a Lien described in clause (vii) of the definition of Permitted LiensLiens , in an aggregate principal amount outstanding at any time not to exceed $25,000,000;

Appears in 1 contract

Samples: Credit Agreement (Young Broadcasting Inc /De/)

AutoNDA by SimpleDocs

Permitted Subordinated Debt. (C) Debt of the Borrower or any Subsidiary of the Borrower secured by a Lien described in clause (vii) of the definition of Permitted Liens, in an aggregate principal amount outstanding at any time not to exceed $25,000,00010,000,000;

Appears in 1 contract

Samples: Credit Agreement (Young Broadcasting Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.