Group Indebtedness definition

Group Indebtedness means all outstanding and unpaid amounts (in principal, interest, break costs and any other sums including in connection with voluntary or mandatory prepayments) of any Group Company pursuant to, or in connection with, the Financing Documents;
Sample 1
Group Indebtedness means the Indebtedness of the Group, as shown in, or determined by reference to, the Group’s latest audited consolidated annual financial statements;
Sample 1Sample 2Sample 3
Group Indebtedness any loan or other financing liability or obligation of any Group Company, including (a) any moneys borrowed by any Group Company, (b) any indemnity or guarantee given for the benefit of another person and (c) financing, operating or capitalized leases, excluding in each of (a), (b) and (c) any loan or other financing liability or obligation incurred by the relevant Group Company from or for the benefit of another Group Company;
Sample 1

Examples of Group Indebtedness in a sentence

  • Subject to Clause 4 below, the Parent irrevocably warrants and undertakes in favour of Venture that it shall not without the prior written consent of Venture accept repayment of all or any part of the Intra Group Indebtedness from the Guarantor until the conditions described in Clauses 2.1(a) - 2.1(c) inclusive above have been duly satisfied.

  • As used herein, the term "Senior Indebtedness" means, collectively, the Bank Group Indebtedness and Senior Noteholder Indebtedness.

  • Ten Business Days prior to the anticipated Closing Date, the Company shall deliver to the Buyer a schedule setting forth the amount of Group Indebtedness to be paid by the Company at the Closing.

  • In November 2010 Wind Italy restructured and refinanced the Wind Italy Group Indebtedness, other than the 2017 Notes and the PIK Notes.

  • At Closing, the Buyer shall, in addition to the payment of the Purchase Price, pay in cash into the Company’s bank account an amount sufficient for the Company and its Subsidiaries to repay the Group Indebtedness with value date (date de valeur) at the Closing Date, in accordance with the terms and conditions of the Credit Facility Agreements.

  • As at Completion, the Company will have no Group Indebtedness or Intra-Group Indebtedness.

  • The Stockholders shall use commercially reasonable efforts to assist the Company and the Buyer with preparations for prepayments and termination of the Group Indebtedness.

  • Seller shall be responsible for the payment of: (i) the fees and expenses owed by the Commercial Air Group or Sellers to their investment bankers, attorneys, accountants and other professionals payable in connection with this Agreement; and (ii) any fees or expenses in the nature of prepayment penalties, or make-whole payments associated with the repayment of Commercial Air Group Indebtedness at or prior to Closing.

  • The Wind Italy Group Indebtedness is paid from cash flow generated by Wind Italy businesses, and VimpelCom has no obligations for any payments on any Wind Italy Group Indebtedness.

  • The Company shall have obtained and communicated to the Purchaser on or prior to the Closing a statement from the lenders under the Credit Facilities Agreement listing all Credit Facilities Liens, expressing that the Credit Facilities Liens shall be released at Closing, upon and subject to full repayment to such lenders of the Group Indebtedness, and whereby the lenders undertake to provide all reasonably required assistance for the purpose of making effective such releases.


More Definitions of Group Indebtedness

Group Indebtedness means any financial indebtedness between a Seller (or any affiliate of a Seller), as creditor and any other Seller, as debtor.
Sample 1
Group Indebtedness means any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent incurred between the Borrower and any member of the Group. Group Structure Chart means the structure chart of the Group in the agreed form.
Sample 1
Group Indebtedness means indebtedness (other than amounts arising out of the ordinary course of trade) owed by the Group Companies to the Sellers’ Post-Closing Group;
Sample 1
Group Indebtedness means all outstanding and unpaid amounts (in principal, interest, break costs, penalties, close out costs and any other sums, fees and expenses due in connection with voluntary or mandatory prepayments or of any other nature) due by any Group Company pursuant to, or in connection with, the Financing Documents;
Sample 1
Group Indebtedness any loan or other financing liability or obligation of any Group Company, including (a) any moneys borrowed by any Group Company, (b) any indemnity or guarantee given for the benefit of another person and (c) financing, operating or capitalized leases, excluding in each of (a), (b) and (c) any loan or other financing liability or obligation incurred by the relevant Group Company from or for the benefit of another Group Company;
Sample 1

Related to Group Indebtedness

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Company Indebtedness means (a) indebtedness for borrowed money of the Company and its Subsidiaries, (b) obligations of the Company and its Subsidiaries evidenced by notes, bonds, debentures or other similar instruments or by letters of credit agreements, including purchase money obligations or other obligations relating to the deferred purchase price of property and (c) direct or indirect guarantees by the Company or any of its Subsidiaries of indebtedness for borrowed money of any Person.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of Holdings or any Restricted Subsidiary.

  • Contribution Indebtedness means Indebtedness, Disqualified Stock or Preferred Stock of an Issuer or any Subsidiary Guarantor in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions) made to the capital of such Issuer or such Guarantor after the Issue Date, provided that:

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Secured Indebtedness means any Indebtedness secured by a Lien.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Senior Secured Indebtedness means, as of any date of determination, the principal amount of any Indebtedness for borrowed money that is secured by a Lien.