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 (a) any liabilities for borrowed money or amounts owed in excess of $50,000 in aggregate (other than trade accounts payable incurred in the ordinary course of business), (b) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's consolidated balance sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or collection or similar... transactions in the ordinary course of business; and (c) the present value of any lease payments in excess of $50,000 in aggregate due under leases required to be capitalized in accordance with GAAP. View More Arrow
Found in CEMTREX INC contract

Variations

Indebtedness. Means shall mean (a) any liabilities for borrowed money or amounts owed in excess of $50,000 in aggregate $200,000 (other than accrued liabilities and trade accounts payable incurred in the ordinary course of business), (b) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's consolidated balance sheet (or the notes thereto), except guaranties by endorsement of negotiable... instruments for deposit or collection or similar transactions in the ordinary course of business; business and (c) the present value of any lease payments in excess of $50,000 in aggregate $200,000 due under leases required to be capitalized in accordance with GAAP. GAAP View More Arrow
Found in AIR INDUSTRIES GROUP contract
Indebtedness. Means (a) means (x) any liabilities for borrowed money or amounts owed in excess of $50,000 in aggregate (other than trade accounts payable payables incurred in the ordinary course of business), (b) (y) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's consolidated balance sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or... collection or similar transactions in the ordinary course of business; and (c) (z) the present value of any lease payments in excess of $50,000 in aggregate due under leases required to be capitalized in accordance with GAAP. -3- View More Arrow
Found in 2 Contracts from BALQON CORP.
Indebtedness. Means (a) means, with respect to any Person: (i) any liabilities for borrowed money or amounts owed in excess of $50,000 in the aggregate (other than trade accounts payable incurred in the ordinary course of business), (b) business); (ii) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's such Person's consolidated balance sheet (or the notes thereto), except guaranties by... endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; and (c) (iii) the present value of any lease payments aggregating in excess of $50,000 in aggregate due under leases required to be capitalized in accordance with GAAP. View More Arrow
Found in Unified Signal, Inc. contract
Indebtedness. Means means (a) any liabilities for borrowed money or similar amounts owed in excess of $50,000 in aggregate (other than trade accounts payable incurred in the ordinary course of business), business and inter-company advances among the Company and the Guarantors), (b) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's consolidated Guarantors' balance sheet (or the notes thereto),... except for (i) guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; business and (ii) guaranties of the indebtedness or other obligations of the Company or any Guarantor or the Company; and (c) the present value of any lease payments in excess of $50,000 in aggregate due under leases required to be capitalized in accordance with GAAP. View More Arrow
Found in STAR ENERGY CORP contract
Indebtedness. Means means (a) any liabilities for borrowed money or amounts owed in excess of $50,000 in aggregate $200,000 (other than trade accounts payable incurred in the ordinary course of business), business and not more than 60 days overdue), (b) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Company's consolidated balance sheet (or the notes thereto), except guaranties by endorsement of... negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; and (c) the present value of any lease payments in excess of $50,000 in aggregate $200,000 due under leases required to be capitalized in accordance with GAAP. GAAP; (d) all obligations in excess of $200,000 under conditional sale or other title retention agreements relating to property acquired by such Person; and (e) all obligations in excess of $200,000 in respect of the deferred and unpaid purchase price of property or services. View More Arrow
Found in INTELLINETICS, INC. contract
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