Term Indebtedness definition
Term IndebtednessÌýmeans the Borrowings and all other present and future indebtedness of the Borrower to the Agent and the Lenders, absolute or contingent, determined or undetermined, xxxxxx or inchoate, matured or unmatured, howsoever arising or incurred hereunder or under any of the other Loan Documents and includes all fees, costs, expenses and indemnity obligations hereunder or under any of the other Loan Documents and under the indebtedness of the Borrower pursuant to any judgment obtained in respect of the failure by the Borrower to perform or observe any of its obligations under any of the Loan Documents;
Term IndebtednessÌýmeans the Indebtedness owed by the parties pursuant to the Term Credit Agreement.
Term IndebtednessÌýmeans one or more debt facilities or other financing arrangements (including indentures) providing for term loans or other long-term term indebtedness; provided that (a) as of the date of the incurrence of such Indebtedness and after giving effect thereto, the Payment Conditions are satisfied, (b) if such Indebtedness is secured solely by Liens ranking junior in right of security to the Liens securing the Obligations or is unsecured then such Indebtedness shall not mature (or require any scheduled amortization or scheduled payments of principal), and shall not be subject to any mandatory redemption, repurchase, repayment or sinking fund obligation (other than (i) payments as part of an â€�applicable high yield discount obligationâ€� catch-up payment, (ii) customary offers to repurchase in connection with any change of control or fundamental change, Disposition or casualty event and (iii) customary acceleration rights after an event of default), in each case, prior to the date that is 91 days after the Maturity Date as of the date of the incurrence of such Indebtedness, (c) if such Indebtedness is secured by Liens on assets other than Collateral, then such Indebtedness shall not mature prior to the Maturity Date as of the date of the incurrence of such Indebtedness.
Examples of Term Indebtedness in a sentence
The Company hereby designates such Additional Indebtedness as Additional Indebtedness and as Additional [ABL] / [Term] Indebtedness under the Intercreditor Agreement.
The Company shall at all times maintain a Combined Tangible Net Worth of (i) not less than $31,051,000, plus 50% of the Company's Aggregate Combined Net Income at the end of each fiscal year subsequent to the fiscal year ending December 31, 1991 and (ii) not less than 25% of Combined Long Term Indebtedness but in no event less than $31,051,000.
The Company has so designated Additional Indebtedness incurred or to be incurred under the Additional Term Credit Facility as Additional Indebtedness and as Additional [First Lien] [Second Lien] Term Indebtedness by means of an Additional Indebtedness Designation.
Amend, modify, supplement, restate, replace, or change any of the Term Indebtedness Documents, except to the extent such change could not reasonably be expected to materially adversely effect Administrative Agent or any Lender.
Until the Discharge of Term Loan Claims has occurred, each ABL Agent, on behalf of itself and each ABL Lender, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Term Loan Priority Collateral, without the prior written consent of the Term Loan Agents and the Required Lenders under each of the Term Loan Credit Agreements (and any other Credit Agreements governing Future Secured Term Indebtedness, if applicable).
More Definitions of Term Indebtedness
Term IndebtednessÌýmeans Indebtedness of the Borrower under the Term Loan Credit Agreement and all guarantees thereof by any Subsidiary Guarantor and all refinancings, renewals and extensions thereof that are permitted by Section 6.01(l).
Term IndebtednessÌýshall have the meaning set forth in the Amended and Restated Reimbursement Agreement.
Term IndebtednessÌýmeans any indebtedness which, once repaid or discharged, is not available for re-borrowing or re-drawing.
Term IndebtednessÌýmeans one or more debt facilities or other financing arrangements (including indentures) providing for term loans or other long-term term indebtedness; provided that (a) as of the date of the incurrence of such Indebtedness and after giving effect thereto, the Payment Conditions are satisfied, (b) if such Indebtedness is secured solely by Liens ranking junior in right of security to the Liens securing the Obligations or is unsecured then such Indebtedness shall not mature (or require any scheduled amortization or scheduled payments of principal), and shall not be subject to any mandatory redemption, repurchase, repayment or sinking fund obligation (other than (i) payments as part of an â€�applicable high yield discount obligationâ€� catch-up payment, (ii) customary offers to repurchase in connection with any change of control or fundamental change, Disposition or casualty event and(iii) customary acceleration rights after an event of default), in each case, prior to the date that is 91 days after the Maturity Date as of the date of the incurrence of such Indebtedness, (c) if such Indebtedness is secured by Liens on assets other than Collateral, then such Indebtedness shall not mature prior to the Maturity Date as of the date of the incurrence of such Indebtedness.
Term IndebtednessÌýmeans the Debt of Company under any Term Indebtedness Documents from time to time.
Term IndebtednessÌýmeans, collectively, the Indebtedness incurred by the Company under (a) this Agreement as evidenced by the Notes and (b) any other term Indebtedness under the Credit Agreement at any date of determination thereof.
Term IndebtednessÌýshall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Term Loans" shall mean Existing Term Loans and New Term Loans. "Transaction Costs" shall mean, collectively, those costs described as payable by Lessor pursuant to Section 15.01 of the Amended and Restated Reimbursement Agreement, Section 15.8 of the Amended and Restated Participation Agreement and Section 9 of the Bond Purchase Agreement. "Transaction Documents" shall mean the Principal Project Agreements, the Bond Documents, the Loan Documents, the Amended and Restated Lease, the Amended and Restated Participation Agreement and the Amended and Restated Lessee Working Capital Loan Agreement. "Transmission Line" shall have the meaning set forth in the Transmission Line EPC Contract. "Transmission Line EPC Contract" shall mean the Contract for Engineering, Procurement and Construction of a 115 KV Power Transmission Line, dated as of November 30, 1990, by and between Lessor and the Transmission Line EPC Contractor, providing for engineering, procurement and construction services in connection with the electrical interconnection facilities of the Project. "Transmission Line EPC Contractor" shall mean Xxxxx Electric Service Company. "Transportation Agreements" shall mean the Hauling Agreement between XxXxxxxx-Xxxxxxxx Trucking, Inc., a Pennsylvania corporation, and Lessor, dated December 15, 1990, and any other agreement entered into (or assigned) at any time and from time to time by Lessor or Lessee relating to the transportation of Fuel, limestone, ash or related materials. "USGen" shall mean U.S. Generating Company, a California general partnership. "Unpaid Drawings" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Useful Life" of the Facility shall mean the economic useful life of the Facility as set forth in any appraisal. "Working Capital Advance" and "Working Capital Loan" shall both mean a Loan to Lessor pursuant to Section 5.05 of the Amended and Restated Reimbursement Agreement. 23