Aggregate Indebtedness Sample Clauses

Aggregate Indebtedness. As of any date of determination, an amount equal to the sum of (i) the then outstanding principal amount of all Revolving Credit Loans, (ii) the then Maximum Drawing Amount and all Unpaid Reimbursement Obligations, and (iii) the then outstanding principal amount of all Swing Line Loans.
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Aggregate Indebtedness. The aggregate principal amount of all Indebtedness of the Credit Parties, including the Obligations shall not exceed (Eleven Million Dollars ($11,000,000) and, in the case of the Credit Parties and their Subsidiaries, Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000) at any time.
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Aggregate Indebtedness. Immediately prior to the Closing, Inteuro ---------------------- shall furnish Keystone with a certificate representing the aggregate indebtedness of Inteuro and CBC for purposes of calculating the Exchange Ratio as defined in Section 1.15 above. ------------
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Aggregate Indebtedness. The aggregate principal amount of all Indebtedness of Parent and its consolidated Subsidiaries, including the Obligations, shall not exceed at any time during or at the end of each fiscal quarter $19,000,000 (or the equivalent thereof in any foreign currency); provided, that, the aggregate principal amount of all Subsidiaries of the Foreign Subsidiaries shall not exceed at any time during or at the end of each fiscal quarter $6,000,000 (or the equivalent thereof in any foreign currency); provided, further, that, in addition thereto (i) Mobitec AB shall be permitted to issue to the seller of the fifty percent (50%) of Mobitec Brazil that Mobitec AB does not own as of the date hereof a promissory note in a principal amount not to exceed $1,500,000 (or the equivalent thereof in a foreign currency) if such note is unsecured and subordinated to the Obligations on terms and conditions satisfactory to Lender in its sole discretion and (ii) Mobitec Australia shall be permitted to enter into a working capital facility in a principal amount not to exceed $1,000,000 (or the equivalent thereof in a foreign currency) on terms and conditions satisfactory to Lender in its sole discretion.
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Aggregate Indebtedness. (1) Permit there to be aggregate Indebtedness of the Borrower, at any time, in excess of the amount equal to fifty percent (50%) Gross Asset Value Cost. (i) Permit there to be aggregate Indebtedness of the Borrower, at any time, in excess of the amount equal to: (a) for the first calendar quarter of 2000, 60% of Gross Asset Value Market; (b) for the second calendar quarter of 2000, 55% of Gross Asset Value Market; (c) for the third calendar quarter of 2000, 52.5% of Gross Asset Value Market; and (d) for the fourth calendar quarter of 2000 and at all times thereafter up to and including the Maturity Date, 50% of Gross Asset Value Market.
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Aggregate Indebtedness. Permit there to be aggregate Indebtedness of the Borrower (excluding, through April 23, 1999, liabilities under the Bridge Facility), , at any time, in excess of the amount equal to the lower of fifty percent (50%) of (i) Indebtedness to Gross Asset Value -- Market; and (ii) Indebtedness to Gross Asset Value -- Cost.
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Related to Aggregate Indebtedness

  • Outstanding Indebtedness For the avoidance of doubt, to the extent that any Indebtedness is repaid, redeemed, repurchased, defeased or otherwise acquired, retired or discharged, in each case, in accordance with the terms of the documentation governing such Indebtedness, such Indebtedness shall be deemed to be paid off and not to be outstanding for any purpose hereunder to the extent of the amount of such repayment, redemption, repurchase, defeasance, retirement or discharge.

  • Investments; Indebtedness PNU shall not, and shall not permit any of its Subsidiaries to, other than in connection with actions permitted by Section 4.1(e), (i) make any loans, advances or capital contributions to, or investments in, any other Person, other than (x) by PNU or a direct or indirect wholly owned Subsidiary of PNU to or in PNU or any direct or indirect wholly owned Subsidiary of PNU, (y) pursuant to any contract or other legal obligation of PNU or any of its Subsidiaries as in effect at the date of this Agreement or (z) in the ordinary course of business consistent with past practice in an aggregate amount not in excess of the aggregate amount specified in Section 4.1(g) of the PNU Disclosure Schedule or (ii) create, incur, assume or suffer to exist any indebtedness, issuances of debt securities, guarantees, loans or advances not in existence as of the date of this Agreement except pursuant to the credit facilities, indentures (but not in excess of amounts authorized for issuance thereunder as of the date of this Agreement) and other arrangements in existence on the date of this Agreement or trade debt and commercial finance in the ordinary course of business consistent with past practice, in each case as such credit facilities, indentures and other arrangements and other existing indebtedness may be amended, extended, modified, refunded, renewed or refinanced after the date of this Agreement which does not increase the aggregate principal amount or amount of the facility, as the case may be.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Company Indebtedness To the extent reasonably requested by Parent, the Company shall, and shall cause its Subsidiaries to, deliver all notices and take all other actions required to facilitate (a) the termination of commitments in respect of the Company Credit Agreement and Zions Facility and the repayment in full of all obligations in respect of any Indebtedness incurred under the Company Credit Agreement or the Zions Facility, and (b) the termination, repayment, redemption or defeasance of any other Indebtedness for borrowed money incurred by any of the Company and its Subsidiaries after the date of this Agreement and the repayment in full of all obligations in respect of such Indebtedness (it being understood that the Company shall promptly and, in any event, no later than ten days prior to the Merger Closing Date notify Parent of the amount of any such Indebtedness incurred or to be incurred and expected to be outstanding on the Merger Closing Date), and the release of any Encumbrances securing any such Indebtedness described in the foregoing clauses (a) and (b) and guarantees in connection therewith on the Merger Closing Date. In furtherance and not in limitation of the foregoing, the Company and its Subsidiaries shall deliver to Parent (A) at least three Business Days prior to the Merger Closing Date, a draft payoff letter and (B) at least one Business Days prior to the Merger Closing Date, executed payoff letters, with respect to the Company Credit Agreement and the Zions Facility (the “Company Payoff Letters”) in form and substance customary for transactions of this type and in all events subject to Parent’s reasonable consent, from the lenders or other applicable third party (or an authorized agent on behalf thereof) to whom such Indebtedness is owed, which Company Payoff Letters together with any related release documentation shall, among other things, include the payoff amount (the “Company Payoff Amounts”) and provide that Encumbrances (and guarantees), if any, granted in connection therewith relating to the assets, rights and properties of the Company and its Subsidiaries securing the Company Credit Agreement and Zions Facility and any other obligations secured thereby, shall, upon the payment of the Company Payoff Amounts at or prior to the Merger Closing, be released and terminated (and, as promptly as possible following the Merger Closing if not delivered prior to such time, as applicable, termination instruments or release filings of all such Encumbrances securing such Indebtedness, in form and substance reasonably satisfactory to Parent).

  • Intercompany Indebtedness The Company shall not create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness arising from loans from any Subsidiary to the Company unless (a) such Indebtedness is unsecured and (b) such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent.