Parent Debt means any Financial Indebtedness of the Ultimate Parent or one or more of its Subsidiaries (other than a member of the Bank Group).
Parent Debt means (i) the $13 Million Obligation, and (ii) the $18 Million Obligation.
Parent Debt means Financial Indebtedness owed by the Issuer to the Parent and which constitutes Parent Liabilities. “Parent Liabilities” has the meaning given to that term in the Intercreditor Agreement.
Examples of Parent Debt in a sentence
No Loan Party shall have any Indebtedness for borrowed money other than Indebtedness created by or permitted pursuant to this Agreement and the Parent Debt.
The Administrative Agent shall have received one or more certificates from Parent, dated as of the Closing Date and signed by a senior executive officer of Parent, to the effect that (i) all guarantees made by the Borrower and any of its subsidiaries pursuant to the Parent Debt will be released upon the occurrence of the Spin-Off and (ii) the Spin-Off is permitted under the Parent Debt Documents.
More Definitions of Parent Debt
Parent Debt means all Indebtedness pursuant to the Parent Debt Documents.
Parent Debt. ’ means Financial Indebtedness owed by the Issuer to the Parent and which constitutes Parent Liabilities.
Parent Debt means any indebtedness of any member of the Group owed to any direct or indirect shareholders of Issuer;
Parent Debt means, as of any date and without duplication, all Indebtedness of the Borrower as of such date, but excluding (to the extent included therein) (i) all Indebtedness of Subsidiaries of the Borrower and (ii) any Indebtedness that consists of deferred purchase price arising from any acquisition, but only to the extent such Indebtedness is contractually required to be paid solely in the form of common stock of the Borrower.
Parent Debt means, with respect to the Parent and its Subsidiaries, at any date, without duplication, (a) all obligations of such Person for borrowed money or in respect of loans or advances (including any such obligations issued by such Person that qualify as Catastrophe Bonds described in clause (a) of the definition thereof net of any escrow established (whether directly or to secure any letter of credit issued to back such Catastrophe Bonds) in connection with such Catastrophe Bonds); (b) all obligations of such Person evidenced by bonds, Renaissance Reinsurance Reimbursement Agreement debentures, notes or other similar instruments; (c) all obligations in respect of letters of credit which have been drawn but not reimbursed by the Person for whose account such letter of credit was issued, and bankers’ acceptances issued for the account of such Person; (d) all obligations in respect of Capitalized Leases of such Person; (e) the Swap Termination Value in respect of SwapContracts of such Person; (f) whether or not so included as liabilities in accordance with GAAP, all obligations of such Person to pay the deferred purchase price of property or services; (g) debt of such Person secured by a Lien on property owned or being purchased by such Person (including debt arising under conditional sales or other title retention agreements) whether or not such debt is limited in recourse (it being understood, however, that if recourse is limited to such property, the amount of such debt shall be limited to the lesser of the face amount of such debt and the fair market value of all property of such Person securing such debt); (h) any debt of another Person secured by a Lien on any assets of such first Person, whether or not such debt is assumed by such first Person (it being understood that if such Person has not assumed or otherwise become personally liable for any such debt, the amount of the debt of such Person in connection therewith shall be limited to the lesser of the face amount of such debt and the fair market value of all property of such Person securing such debt); (i) any debt of a partnership in which such Person is a general partner unless such debt is nonrecourse to such Person; (j) any capital stock or other equity interests issued by such Person that has a mandatory redemption date that may or will occur on or prior to November 8, 2024; (k) all Guarantees of such Person in respect of any of the foregoing (including in respect of the Top Layer LC) and (l) obligat...
Parent Debt means all Indebtedness of the Parent, including ----------- under the 9 3/4% Senior Notes and the 10 1/2% Senior Notes.