Indebtedness Definition Example with 20 Variations

Indebtedness. Of any Person means, without duplication (A) means (1) all indebtedness for borrowed money, (B) (2) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, services (including, without limitation, "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby GAAP) (other than trade payables entered into in the ordinary course of business consistent with past... practice), (C) business), (3) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (4) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (5) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) (6) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, GAAP, consistently applied for the periods covered thereby, is classified as a capital lease, (G) and (7) all indebtedness referred to in clauses (A) (1) through (F) (6) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through (G) above. indebtedness. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, including (without limitation) "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby GAAP (other than trade payables entered into in the ordinary course of business consistent... with past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, GAAP, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) all indebtedness referred to in clauses (A) (i) through (F) (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (viii) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (vii) above. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, including (without limitation) "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby (other than trade payables entered into in the ordinary course of business consistent with... past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) all indebtedness referred to in clauses (A) (i) through (F) (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (viii) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (vii) above. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, including (without limitation) "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby (other than trade payables entered into in the ordinary course of business consistent with... past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, arrangement, whether or not classified as a capital lease in connection accordance with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) all indebtedness referred to in clauses (A) (i) through (F) (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (viii) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (vii) above. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, including (without limitation) "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby GAAP (other than trade payables entered into in the ordinary course of business consistent... with past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any an y property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, GAAP, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) all indebtedness referred to in clauses (A) (i) through (F) (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, (viii) all obligations issued, undertaken or assumed as part of any financing facility with respect to accounts receivables of the Maker and (H) its Subsidiaries, including, without limitation, any factoring arrangement of such accounts receivables and (ix) all Contingent Obligations in respect of 14 indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (viii) above. View More

Indebtedness. Of of any Person means, without duplication (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby services (other than trade payables entered into in the ordinary course of business consistent with past practice), business), (C)... all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with 26 respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) off-balance sheet liabilities retained in connection with asset securitization programs, synthetic leases, sale and leaseback transactions or other similar obligations arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheet of such Person and its subsidiaries (except for the lease of the Company's facility in Kentucky), and (H) all indebtedness referred to in clauses (A) through (F) (G) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (I) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through (G) (H) above. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby services (other than trade payables entered into in the ordinary course of business consistent with past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are arc limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) off-balance sheet liabilities retained in connection with asset securitization programs, synthetic leases, sale and leaseback transactions or other similar obligations arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheet of such Person and its subsidiaries (except for the lease of the Company's facility in Kentucky), and (viii) all indebtedness referred to in clauses (A) (i) through (F) (vii) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (ix) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (viii) above. View More

Indebtedness. Of of any Person means, without duplication (A) (i) all indebtedness for borrowed money, (B) (ii) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby services (other than trade payables entered into in the ordinary course of business consistent with past practice), (C) business), (iii) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) (iv) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) (v) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are arc limited to repossession or sale of such property), (F) (vi) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) (vii) off-balance sheet liabilities retained in connection with asset securitization programs, synthetic leases, sale and leaseback transactions or other similar obligations arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheet of such Person and its subsidiaries (except for the lease of the Company's facility in Kentucky), and (viii) all indebtedness referred to in clauses (A) (i) through (F) (vii) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) (ix) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) (i) through (G) (viii) above. View More

Indebtedness. Of of any Person means, without duplication (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including, without limitation, "capital leases" services including (without limitation) "Capital Leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby (other than trade payables entered into in the ordinary course of business... consistent with past practice), business), (C) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) all obligations evidenced by notes, bonds, debentures Notes or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, consistently applied for the periods covered thereby, is classified as a capital lease, (G) all indebtedness referred to in clauses (A) through (F) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through (G) above. above; and (y) "Contingent Obligation" means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring such liability, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability will be paid or discharged, or that any agreements relating thereto will be complied with, or that the holders of such liability will be protected (in whole or in part) against loss with respect thereto. View More

Indebtedness. Of of any Person means, without duplication (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, services including, without limitation, "capital leases" in accordance with United States generally accepted accounting principles consistently applied for the periods covered thereby U.S. GAAP (other than trade payables entered into in the ordinary course of business consistent with past practice), business), (C) all reimbursement or payment obligations with respect to letters of credit, surety bonds and other similar instruments, (D) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses, (E) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) all monetary obligations under any leasing or similar arrangement which, in connection with United States generally accepted accounting principles, U.S. GAAP, consistently applied for the periods covered thereby, is classified as a capital lease, (G) all indebtedness referred to in clauses (A) through (F) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any mortgage, deed of trust, lien, pledge, charge, security interest or other encumbrance of any nature whatsoever upon or in or upon any property or assets (including accounts and contract rights) with respect to any asset or property owned by any Person, even though the Person which owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (H) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through (G) above. -2- View More