Indebtedness for Money Borrowed

Indebtedness for Money Borrowed. On any date shall mean (x) all outstanding Indebtedness of the Borrower or any of its subsidiaries, current or funded, secured or unsecured, incurred in connection with borrowings or the making available of credit or funds, (y) all Indebtedness of the Borrower or any of its subsidiaries issued, incurred or assumed in respect of the purchase price of property, except for trade accounts payable incurred in the ordinary course of the Borrower's business consistent with the policies of the... Borrower on which interest is not being accrued and which are payable within 90 days of the statement date of such trade accounts payable, and which have not been outstanding longer than 90 days from the statement date of such trade accounts payable, and (z) all capitalized lease obligations (as defined by GAAP) of the Borrower or any of its subsidiaries. View More