Material Indebtedness

Material Indebtedness. Means Indebtedness (other than the loans and letters of credit issued under the Credit Agreement), or obligations in respect of one or more Hedging Agreements, of any one or more of the Applicant and its Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Indebtedness, the "principal amount" of the obligations of the Applicant or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving... effect to any netting agreements) that the Applicant or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. View More

Material Indebtedness. The definition of "Material Indebtedness" is hereby amended and restated in its entirety to read as follows: "Material Indebtedness" means any Debt (other than the Loans and Letters of Credit), or net obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries, in either case in principal amount exceeding on any date of determination the greater of (a) $20,000,000 and (b) a dollar amount equal to five percent (5%) of the then effective... Borrowing Base. For purposes of determining Material Indebtedness, the "principal amount" of the obligations of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the Swap Termination Value determined under the circumstances and in accordance with the provision of clause (a) of such term "Swap Termination Value". View More

Material Indebtedness. Indebtedness (other than the Loans, Letters of Credit and Non-Recourse Indebtedness), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding $100,000,000. For purposes of determining Material Indebtedness, the "principal amount" of the obligations of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting... agreements) that the Borrower or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time View More

Material Indebtedness. Indebtedness for borrowed money in the aggregate principal amount of $50,000,000 or more

Material Indebtedness. Means (without duplication) Indebtedness for borrowed money (other than the obligations under this Note), capital lease obligations, unreimbursed obligations for letter of credit drawings and financial guarantees (other than ordinary course of business contingent reimbursement obligations) or obligations to pay an early termination amount in respect of one or more Hedging Agreements, of any one or more of Maker and its Subsidiaries in an aggregate principal amount exceeding $5,000,000. For... purposes of determining Material Indebtedness, the principal amount of the obligations in respect of any Hedging Agreement at any time shall be the amount (giving effect to any netting agreements and deducting the value of any posted collateral) that Maker or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time pursuant to the terms of the documentation governing such Hedging Agreement. View More