Indebtedness for Borrowed Sample Clauses
The "Indebtedness for Borrowed" clause defines and governs the obligations a party has when it borrows money or incurs debt under a contract. Typically, this clause outlines what types of borrowing are permitted, sets limits on the amount or types of debt that can be incurred, and may require the borrower to obtain consent before taking on additional loans. For example, it might restrict a company from taking on new bank loans without the lender's approval or set thresholds for allowable credit lines. The core function of this clause is to manage and control the borrower's financial risk, ensuring that excessive or unauthorized debt does not jeopardize the interests of the other party to the agreement.
Indebtedness for Borrowed. Money incurred by any Subsidiary and due to the Borrower;
Indebtedness for Borrowed. Money of any Person that becomes a Subsidiary after the Closing Date in a transaction permitted under this Agreement; provided that such Indebtedness for Borrowed Money exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary; provided further, that the aggregate principal amount of Indebtedness for Borrowed Money permitted by this clause (l) shall not exceed $2,500,000 at any time outstanding (together with any refinancings, refundings, extensions or renewals allowed pursuant to 8.7(m) hereof);
Indebtedness for Borrowed. Money shall mean, as to any Person at any time, any and all indebtedness, obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i) borrowed money, (ii) amounts raised under or liabilities in respect of any note purchase or acceptance credit facility, (iii) the unreimbursed amount of all drafts drawn under letters of credit issued for the account of such Person and the undrawn stated amount of all letters of credit issued for the account of such Person, or (iv) obligations with respect to capitalized leases. Ineligible Security shall mean any security which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.
Indebtedness for Borrowed. Money of the Company and its Restricted Subsidiaries and increases in the Revolving Credit Commitment Amount, provided that at the time of issuance of such Indebtedness for Borrowed Money or increase of the Revolving Credit Commitment Amount and after giving effect thereto and to the application of the proceeds, if any, thereof from the beginning of the period of four consecutive quarters then most recently ended the Deemed Fixed Charge Coverage Ratio for such period shall be at least 2 to 1;
Indebtedness for Borrowed. Money shall mean -------------------------------- (a) all indebtedness of the Company and its Subsidiaries for borrowed money, whether current or funded, or secured or unsecured, (b) all indebtedness of the Company and its Subsidiaries for the deferred purchase price of property or services represented by a note or other security, (c) all indebtedness of the Company and its Subsidiaries created or arising under any conditional sale or other title retention agreement with respect to property acquired by the Company or its Subsidiaries (even though the rights and remedies of the seller or lender under each agreement in the event of' default., are limited to repossession or sale of such property), (d) all indebtedness of the Company and its Subsidiaries secured by a purchase money mortgage; or other lien to secure all or part of the purchase price of property subject to such mortgage or lien, (e) all obligations under leases which shall have been or should be, in accordance with generally accepted accounting principles, recorded as capital leases in respect of which the Company or its Subsidiaries are liable as lessee, (f) any liability of the Company or its Subsidiaries in respect of banker's acceptances or letters of credit, and (g) all indebtedness referred to in clause (a), (b), (c), (d), (e) or (f) above which is directly or indirectly guaranteed by the Company or any of its 'Subsidiaries or which the Company or any of its Subsidiaries has agreed (continently or otherwise) to purchase or otherwise acquire or in respect of which it has otherwise assured a creditor against loss.
Indebtedness for Borrowed. Money existing on the date hereof and disclosed in the Borrower's financial statements referred to in Section 4.5 or otherwise disclosed to the Bank on Schedule 4.5, but no renewals, extensions, or refinancings thereof;
Indebtedness for Borrowed. Money of a Restricted Subsidiary to the Company or to a Wholly-owned Restricted Subsidiary or of the Company to a Wholly-owned Restricted Subsidiary; and
Indebtedness for Borrowed. Money is hereby deleted in its entirety, and the following substituted therefor:
Indebtedness for Borrowed. Money permitted by Subsection 6.6 hereof; (c) advances to employees made by the Borrower or any Subsidiary in the ordinary course of its business, and (d) other loans and advances made in the ordinary course of business not to exceed $5,000,000 in the aggregate at any one time outstanding.
Indebtedness for Borrowed. Money incurred as part of the Tele- Media Financing or the Sabre Communications Financing; and