Indebtedness Definition Example with 5 Variations

This page contains an example definition of Indebtedness, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Indebtedness. Means, for any Person: (a) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property from such Person); (b) obligations of such Person to pay the deferred purchase or acquisition price of property or services, other than trade accounts payable (other than for borrowed money) arising,... and accrued expenses incurred, in the ordinary course of business so long as such trade accounts payable are payable within ninety (90) days of the date the respective goods are delivered or the respective services are rendered; (c) Indebtedness of others secured by a Lien on the property of such Person, whether or not the respective indebtedness so secured has been assumed by such Person; (d) obligations of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for account of such Person; (e) Capital Leases of such Person; and (f) any of the foregoing types of indebtedness of others guaranteed by such Person (without duplication). View More Arrow

Variations

Indebtedness. Means, for shall mean, with respect to any Person: (a) (i) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property from such Person); (b) (ii) obligations of such Person to pay the deferred purchase or acquisition price of property or services, other than trade accounts payable (other... than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business so long as such trade accounts payable are payable within ninety (90) days of the date the respective goods are delivered or the respective services are rendered; (c) (iii) Indebtedness of others secured by a Lien lien on the property of such Person, whether or not the respective indebtedness Indebtedness so secured has been assumed by such Person; (d) (iv) obligations (contingent or otherwise) of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for account of such Person; (e) contingent or future funding obligations under any Purchased Asset or any obligations senior to, or pari passu with, any Purchased Asset; (v) Capital Leases Lease Obligations of such Person; and (f) any (vi) obligations of the foregoing types of indebtedness such Person under repurchase agreements or like arrangements; (vii) Indebtedness of others guaranteed Guaranteed by such Person (without duplication). to the extent of such guarantee; and (viii) all obligations of such Person incurred in connection with the acquisition or carrying of fixed assets by such Person. Notwithstanding the foregoing, nonrecourse Indebtedness owing pursuant to a securitization transaction such as a REMIC securitization, a collateralized loan obligation transaction or other similar securitization shall not be considered Indebtedness for any person. View More Arrow
Indebtedness. Means, shall mean, for any Person: (a) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property from such Person); (b) obligations of such Person to pay the deferred purchase or acquisition price of property or services, other than trade accounts payable (other than for borrowed money)... arising, and accrued expenses incurred, in the ordinary course of business so long as such trade accounts payable are payable within ninety (90) days of the date the respective goods are delivered or the respective services are rendered; business; (c) Indebtedness of others secured by a Lien lien on the property of such Person, whether or not the respective indebtedness so secured has been assumed by such Person; (d) obligations of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for account of such Person; (e) Capital Leases capital lease obligations of such Person; and (f) any of the foregoing types of indebtedness Indebtedness of others guaranteed by such Person (without duplication). Person. View More Arrow
Indebtedness. Means, means, for any Person: Person without duplication: (a) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property Property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property Property from such Person); (b) obligations of such Person to pay the deferred purchase or acquisition price of property Property or services, other than... trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business so long as such trade accounts payable are payable within ninety (90) days of after the date the respective goods are delivered or the respective services are rendered; (c) Indebtedness of others secured by a Lien on the property Property of such Person, whether or not the respective indebtedness Indebtedness so secured has been assumed by such Person; (d) obligations (contingent or otherwise) of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for account of such Person; (e) Capital Leases Lease Obligations of such Person; and (f) any obligations of the foregoing types of indebtedness such Person under repurchase agreements, sale/buy-back agreements or like arrangements; (g) Indebtedness of others guaranteed guarantied by such Person; (h) all obligations of such Person (without duplication). incurred in connection with the acquisition or carrying of fixed assets by such Person; (i) Indebtedness of general partnerships of which such Person is a general partner; (j) net liabilities under Hedging Agreements, as determined in accordance with GAAP; and (k) all Off-Balance Sheet Obligations of such Person -3- View More Arrow
Indebtedness. Means, for means, with respect to any Person: Person, (a) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property Property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property Property from such Person); (b) obligations of such Person to pay the deferred purchase or acquisition price of property Property or services, other than trade... accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business business, so long as such trade accounts payable are payable within ninety (90) 90 days of the date the respective goods are delivered or the respective services are rendered; (c) Indebtedness of others secured by a Lien on the property Property of such Person, whether or not the respective indebtedness Indebtedness so secured has been assumed by such Person; (d) obligations (contingent or otherwise) of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for the account of such Person; (e) Capital Leases Lease Obligations of such Person; and (f) any obligations of the foregoing types of indebtedness such Person under repurchase agreements, sale/buy-back agreements or like arrangements; (g) Indebtedness of others guaranteed Guaranteed by such Person; (h) all obligations of such Person (without duplication). incurred in connection with the acquisition or carrying of fixed assets by such Person; and (i) Indebtedness of general partnerships of which such Person is a general partner; provided, that Indebtedness shall not include Subordinated Debt. View More Arrow
Indebtedness. Means, for shall mean, with respect to any Person: Person, (a) obligations created, issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of debt securities or the sale of property Property to another Person subject to an understanding or agreement, contingent or otherwise, to repurchase such property Property from such Person); (b) obligations of such Person to pay the deferred purchase or acquisition price of property Property or services, other than... trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business business, so long as such trade accounts payable are payable within ninety (90) 90 days of the date the respective goods are delivered or the respective services are rendered; (c) Indebtedness of others secured by a Lien on the property Property of such Person, whether or not the respective indebtedness Indebtedness so secured has been assumed by such Person; (d) obligations (contingent or otherwise) of such Person in respect of letters of credit or similar instruments issued or accepted by banks and other financial institutions for the account of such Person; (e) Capital Leases Lease Obligations of such Person; and (f) any obligations of the foregoing types of indebtedness such Person under repurchase agreements, sale/buy-back agreements or like arrangements; (g) Indebtedness of others guaranteed Guaranteed by such Person; (h) all obligations of such Person (without duplication). incurred in connection with the acquisition or carrying of fixed assets by such Person; and (i) Indebtedness of general partnerships of which such Person is a general partner; provided, that such amount shall not include subordinated debt that matures more than six (6) months after the Termination Date. View More Arrow
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