Current Indebtedness Sample Clauses

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Current Indebtedness. The Company's current debt, as of the date of this agreement, consists of accrued income taxes for 2006 and 2007.
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Current Indebtedness. Other than as set forth on Schedule 3.08, there is no indebtedness (other than trade indebtedness in the ordinary course of business) for borrowed money of the Company.
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Current Indebtedness. The Company will not have, at any time, any Current Indebtedness outstanding other than the Notes. The Tenant will not, and will not permit any Restricted Subsidiary of Tenant to, have, at any time, any Current Indebtedness outstanding unless, during the twelve month period immediately preceding, there shall have been a period of 30 consecutive days during which the sum of (a) such outstanding Current Indebtedness (if Current Indebtedness were categorized as Funded Indebtedness) plus (b) outstanding Funded Indebtedness could have been incurred as Consolidated Funded Indebtedness pursuant to Section 10.4(c).
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Current Indebtedness. The Obligors hereby acknowledge, ratify and confirm their respective liabilities to Lender for repayment of the Obligations pursuant to the Loan Documents, including without limitation all unpaid principal and accrued interest, late charges, fees and other costs of collection (including without limitation attorneys' fees and expenses incurred or to be incurred in connection therewith. As of December 15, 2020 the amount of principal, interest and fees owing under Obligations is as follows: Facility Principal Interest Fees Revolving Note $342,813.90 $900.03 $1,451.61 The Obligors hereby agree to reimburse the Lender for all reasonable attorneys’ fees and actual costs incurred by the Lender in connection with the negotiation and execution of this Agreement, and for any and all reasonable legal fees and costs actually incurred in connection with the Obligations, the Loan Agreement, and the Existing Event of Default. The Obligors hereby acknowledge and agree to all fees and costs paid to date. The Obligors acknowledge, agree and confirm that interest, attorney’s fees and costs of collection continue to accrue and be incurred.
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Current Indebtedness. As of the date hereof, the total amount of Borrower's Senior Indebtedness does not exceed the Senior Indebtedness Cap.
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Current Indebtedness. (a) As of the date hereof, the total indebtedness of the Borrowers due and owing to the Bank under, arising from or in connection with the Loan Documents is $3,890,200.04, comprised of (i) $1,000,000 in principal and $2,500.00 in interest under the Revolving Note, (ii) $1,680,000 in principal and $4,666.67 in interest under the Demand Note, and (iii) $1,200,000.03 in principal and $3,033.34 in interest under the Term Note, plus fees and charges and costs of collection, including the unpaid arrears in the amount of $42,261.67 for the 1% facility fee ("Facility Fee Arrears") under the Line of Credit Agreement for the months of September, October, November and December of 1995 and reasonable attorneys' fees (collectively, together with any and all reimbursement obligations of the Borrowers under, in connection with or related to any letter of credit issued by the Bank for the account of either Borrower (collectively, (L/C's), "Credit Agreement Obligations"). The Credit Agreement Obligations are joint and several obligations of the Borrowers to the Bank. (b) As of the date hereof, the total indebtedness of the Borrowers due and owing to the Bank under, arising from or in connection with the Bond Documents is $658,204.12, comprised of (i) $357,142.78 in principal and $590.30 in interest under the 1982 Revenue Note, and (ii) $300,000.00 in principal and $471.04 in interest under the 1984 Revenue Note, plus fees, charges, costs of collection, including reasonable attorneys' fees (collectively, "Bond Obligations"). The Credit Agreement Obligations and the Bond Obligations are hereinafter collectively referred to as the "Obligations." The Obligations are due and owing to the Bank without setoff, counterclaim or defense.
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Current Indebtedness. Employee executed an Amended Promissory Note in favor of the Company on July 17, 2000, the terms of which shall remain in full force and effect (the "Loan") (attached hereto as EXHIBIT D). Portions of the Loan may be forgiven by the Board of Directors based upon annual Employee performance reviews each year. Any forgiveness granted will be grossed up for tax purposes by paying Employee an additional 75% of the amount of the debt forgiveness to assist with the payment of tax liability for such forgiveness. A minimum of 10% of the total loan will be forgiven each year if Employee is retained into the coming year. It is the intent, but not the obligation, of the Board to forgive this loan based upon good performance over five years from the initial date of the loan. The parties acknowledge that the provisions of this paragraph 3.1 do not alter the terms of the underlying Loan which were in effect prior to the execution of this Agreement.
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Current Indebtedness. The Obligors hereby acknowledge, ratify and confirm their respective liabilities to the Lender for repayment of the Obligations pursuant to the Loan Documents, including without limitation any and all unpaid principal and accrued interest, late charges, fees and other costs of collection, including without limitation attorneys' fees and expenses incurred or to be incurred in connection therewith. As of May 26, 2021 the principal amount outstanding under the Loan Documents is $428,926.46 plus accrued and unpaid interest, fees (including attorneys’ fees), costs and all other amounts due thereunder. The Obligors acknowledge, agree and confirm that any interest, attorneys' fees and costs of collection will continue to accrue and be incurred during the term of this Agreement and thereafter.
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Current Indebtedness 
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Related to Current Indebtedness

  • 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.

  • 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).

  • Indebtedness Create, incur, assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness.

  • Existing Indebtedness; Future Liens (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Parent Guarantor and its Significant Subsidiaries as of March 31, 2018 (including descriptions of the obligors and obligees, principal amounts outstanding, any collateral therefor and any Guarantees thereof, but excluding any intercompany Indebtedness), since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Parent Guarantor or its Significant Subsidiaries. No Obligor nor any Significant Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of such Obligor or such Significant Subsidiary and no event or condition exists with respect to any Indebtedness of any Obligor or any Significant Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. (b) Except as disclosed in Schedule 5.15, no Obligor nor any Significant Subsidiary has agreed or consented to cause or permit any of its property, whether now owned or hereafter acquired, to be subject to a Lien that secures Indebtedness or to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 10.5. (c) No Obligor nor any Significant Subsidiary is a party to, or otherwise subject to any provision contained in, any instrument evidencing Indebtedness of such Obligor or such Significant Subsidiary, any agreement relating thereto or any other agreement (including its charter or any other organizational document) which limits the amount of, or otherwise imposes restrictions on the incurring of, Indebtedness of such Obligor, except as disclosed in Schedule 5.15.

  • 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.