Examples of Permitted Additional Debt in a sentence
All funds required for the operation of the Property in excess of those available from ordinary cash flow of the Property shall be provided by Borrower, or its owners, or Guarantor, as additional equity contributions or by Permitted Additional Debt.
For the avoidance of doubt, the Borrowing Base redetermination has taken into account the incurrence of Permitted Additional Debt on the Amendment Effective Date and shall not be further adjusted in connection with such incurrence.
Borrower shall cause any Person (including any Unrestricted Subsidiary) that guarantees the obligations with respect to any Permitted Additional Debt to become a Guarantor (if it is not already a Guarantor) by executing and delivering to Administrative Agent a joinder to the Facility Guaranty.
For purposes of this Section 2.06(e), if any such Permitted Additional Debt (or Guarantee thereof) is issued at a discount or otherwise sold for less than “par”, the reduction shall be calculated based upon the stated principal amount without reference to such discount.
The term Permitted Transactions shall mean Permitted Transfers, Permitted Additional Debt and Permitted Title Exceptions.