Permitted Indebtedness. (i) Indebtedness evidenced by this Note and the Other Notes, (ii) Indebtedness described on Schedule 13(b) attached hereto and (iii) Indebtedness secured by Permitted Liens described in clauses (iv) and (v) of the definition of Permitted Liens, in an aggregate amount not to exceed $25,000
Permitted Indebtedness. (i) Indebtedness indebtedness evidenced by this Note and the Other Notes, Note, (ii) Indebtedness described on Schedule 13(b) 13(a) attached hereto and hereto, (iii) Indebtedness indebtedness secured by Permitted Liens described in clauses (iv) and (v) of the definition of Permitted Liens, in an aggregate amount (iv) Permitted Governmental Indebtedness, and (v) any other indebtedness of the Company and Subsidiaries, not to exceed $25,000 $100,000 in the aggregate.
Permitted Indebtedness. Means (i) Indebtedness evidenced by this Note and the Other Notes, (ii) Indebtedness incurred pursuant to the GE Secured Credit Facility, (iii) Indebtedness described on Schedule 13(b) attached hereto and (iii) (iv) Indebtedness secured by Permitted Liens described in clauses (iv) and (v) of the definition of Permitted Liens, in an aggregate amount not to exceed $25,000 $100,000.
Permitted Indebtedness. (i) Indebtedness evidenced by this Note and the Other Notes, Note, (ii) Indebtedness described on Schedule 13(b) attached hereto and (iii) Indebtedness secured by Permitted Liens described in clauses (iv) and (v) of the definition of Permitted Liens, in an aggregate amount not to exceed $25,000 $100,000
Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b) Indebtedness existing on the Closing Date and shown on Schedule 2; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; and (e) Indebtedness secured by Permitted Liens.
Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b) Indebtedness existing on the Closing Date and shown on Schedule 2; the Schedule; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; and (e) Indebtedness secured by Permitted Liens. Liens; and (f) Other Indebtedness in an aggregate amount outstanding at any time not to exceed Five Million Dollars ($5,000,000).
Permitted Indebtedness. Is: (a) Borrower's indebtedness to Bank under this Agreement or any other the Loan Document; Documents; (b) Indebtedness existing on the Closing Date and shown on Schedule 2; the Perfection Certificate; (c) Subordinated Debt; (d) Indebtedness to trade creditors incurred in the ordinary course of business; and (e) Indebtedness secured by Permitted Liens.
Permitted Indebtedness. Means: (a) Indebtedness existing on the date of the original issuance of this Note (or any predecessor of this Note), including without limiation indebtedness owed to Gemini Master Fund, Ltd and Green Ballast, LLC (collectively, Gemini Indebtedness), and refinancings, renewals and extensions of any such Indebtedness if (i) the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended, (ii) if the principal amount thereof or interest... payable thereon is not increased, and (iii) the terms thereof (including any Liens securing such Indebtedness) are not less favorable to the Company or the Subsidiary incurring such Indebtedness than the Indebtedness being refinanced, renewed or extended; (b) Guaranties by any Subsidiary of any Permitted Indebtedness of the Company or another Subsidiary; (c) Indebtedness representing the deferred purchase price of property and capital lease obligations which collectively does not exceed $100,000 in aggregate principal amount; (d) Indebtedness for money borrowed from Gemini Master Fund, Ltd., Green Ballast, LLC and/or any of their affiliates; and (e) Indebtedness of the Company to any wholly owned Subsidiary and Indebtedness of any wholly owned Subsidiary to the Company or another wholly owned Subsidiary which constitutes Permitted Indebtedness.View More
Permitted Indebtedness. Means: (a) Indebtedness existing on the date of the original issuance of this Note (or any predecessor of this Note), including without limiation indebtedness owed to Gemini Master Fund, Ltd and Green Ballast, LLC (collectively, Gemini Indebtedness), Note) and refinancings, renewals and extensions of any such Indebtedness if (i) the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended, (ii) if the principal amount thereof or interest... payable thereon is not increased, and (iii) the terms thereof (including any Liens securing such Indebtedness) are not less favorable to the Company or the Subsidiary incurring such Indebtedness than the Indebtedness being refinanced, renewed or extended; (b) Guaranties by any Subsidiary of any Permitted Indebtedness "Permitted Indebtedness" of the Company or another Subsidiary; (c) Indebtedness representing the deferred purchase price of property and capital lease obligations which collectively does not exceed $100,000 in aggregate principal amount; and (d) Indebtedness for money borrowed from Gemini Master Fund, Ltd., Green Ballast, LLC and/or any of their affiliates; and (e) Indebtedness of the Company to any wholly owned Subsidiary and Indebtedness of any wholly owned Subsidiary to the Company or another wholly owned Subsidiary which constitutes Permitted Indebtedness. "Permitted Indebtedness." (e) Current and future indebtedness to either Green Ballast, LLC, or to IRC — Interstate Realty Corporation incurred by the Company for day-to-day operating expenses of the Company. View More
Permitted Indebtedness. Means: (a) Indebtedness existing on the date of the original issuance of this Note (or any predecessor of this Note), including without limiation indebtedness owed to Gemini Master Fund, Ltd and Green Ballast, LLC (collectively, Gemini Indebtedness), Note) and refinancings, renewals and extensions of any such Indebtedness if (i) the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended, (ii) if the principal amount thereof or interest... payable thereon is not increased, and (iii) the terms thereof (including any Liens securing such Indebtedness) are not less favorable to the Company or the Subsidiary incurring such Indebtedness than the Indebtedness being refinanced, renewed or extended; (b) Guaranties by any Subsidiary of any Permitted Indebtedness "Permitted Indebtedness" of the Company or another Subsidiary; (c) Indebtedness representing the deferred purchase price of property and capital lease obligations which collectively does not exceed $100,000 in aggregate principal amount; and (d) Indebtedness for money borrowed from Gemini Master Fund, Ltd., Green Ballast, LLC and/or any of their affiliates; and (e) Indebtedness of the Company to any wholly owned Subsidiary and Indebtedness of any wholly owned Subsidiary to the Company or another wholly owned Subsidiary which constitutes Permitted Indebtedness. "Permitted Indebtedness." (e) Current and future indebtedness to either Green Ballast, LLC, or to IRC – Interstate Realty Corporation incurred by the Company for day-to-day operating expenses of the Company. View More
Permitted Indebtedness. Means (1) Indebtedness existing on the Closing Date and disclosed in the SEC Reports, (2) Purchase Money Indebtedness, (3) Indebtedness to trade creditors incurred in the ordinary course of business, and (4) extensions, refinancings and renewals of any items of Permitted Indebtedness in clauses (1) and (2) hereof, provided that the principal amount is not increased, other than by their existing terms, or the terms modified to impose more burdensome terms upon Company and such Indebtedness shall... not be secured by any additional collateral.View More
Permitted Indebtedness. Means (1) Means: (a) Indebtedness existing on the Closing Date and disclosed in the SEC Reports, (2) Reports; (b) Purchase Money Indebtedness, (3) Indebtedness; (c) Indebtedness to trade creditors incurred in the ordinary course of business, business; and (4) (d) extensions, refinancings and renewals of any items of Permitted Indebtedness in clauses (1) and (2) (a) through (c) hereof, provided that the principal amount is not increased, other than by their existing terms, or the terms modified... to impose more burdensome terms upon Company and such Indebtedness shall not be secured by any additional collateral. View More
Permitted Indebtedness. Means (1) Indebtedness existing on the Closing Date and disclosed in the SEC Reports, (2) Purchase Money Indebtedness, (3) Indebtedness to trade creditors incurred in the ordinary course of business, (4) the Notes, including up to $3,000,000 of additional principal amount of Notes that may be issued upon exercise of the purchase right held by the Note holders, and (4) (5) extensions, refinancings and renewals of any items of Permitted Indebtedness in clauses (1) and (2) hereof, provided that... the principal amount is not increased, other than by their existing terms, or the terms modified to impose more burdensome terms upon Company and such Indebtedness shall not be secured by any additional collateral. View More
Permitted Indebtedness. Means (1) Means: (a) Indebtedness existing on the Closing Date and disclosed in the SEC Reports, (2) Reports; (b) Purchase Money Indebtedness, (3) Indebtedness; (c) Indebtedness to trade creditors incurred in the ordinary course of business, business; and (4) (d) extensions, refinancings and renewals of any items of Permitted Indebtedness in clauses (1) and (2) (a) through (c) hereof, provided that the principal amount is not increased, other than by their existing terms, or the terms modified... to impose more burdensome terms upon Company and such Indebtedness shall not be secured by any additional collateral. View More
Permitted Indebtedness. (i) total Indebtedness of the Company and the Subsidiaries outstanding as of the date hereof, exclusive of Indebtedness evidenced by this Note and the Other Notes; provided, however, that such Indebtedness shall be made expressly subordinate in right of payment to the Indebtedness evidenced by the Notes, as reflected in a written agreement acceptable to the Required Holders and approved by the Required Holders in writing, and which Indebtedness does not provide at any time for (A) the payment,... prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until ninety-one (91) days after the Maturity Date or later and (B) total interest and fees at a rate in excess of the Interest Rate; (ii) equipment leases and purchase money obligations of the Company and the Subsidiaries not to exceed $500,000 in the aggregate outstanding at any time; (iii) Indebtedness evidenced by this Note and the Other Notes; (iv) surety bonds required by the Company, or any of its Subsidiaries, to obtain regulatory permits, licenses or insurance as part of conducting its business; and (iv) any other Indebtedness deemed "Permitted Indebtedness" hereunder by the unanimous vote of all members of the Board.View More
Permitted Indebtedness. (i) total Total Indebtedness of the Company and its Subsidiaries (other than as expressly specified in, and permitted by, clauses (ii), (iii) and (iv) below) not to exceed $250,000 in the Subsidiaries aggregate outstanding as of the date hereof, exclusive of Indebtedness evidenced by this Note and the Other Notes; at any time; provided, however, that such Indebtedness shall be made expressly subordinate in right of payment to the Indebtedness evidenced by the Notes, as reflected in a written... agreement acceptable to the Required Holders Holder and approved by the Required Holders Holder in writing, and which Indebtedness does not provide at any time for (A) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until ninety-one (91) days after the Maturity Date or later and (B) total interest and fees at a rate in excess of the Interest Rate; (ii) equipment leases and purchase money obligations of the Company and the its Subsidiaries not to exceed $500,000 $250,000 in the aggregate outstanding at any time; (iii) Indebtedness evidenced by this Note and the Other Notes; and (iv) surety bonds required Indebtedness evidenced by the Company, or any of its Subsidiaries, to obtain regulatory permits, licenses or insurance as part of conducting its business; April Notes and (iv) any other Indebtedness deemed "Permitted Indebtedness" hereunder by the unanimous vote of all members of Transaction Documents (as defined in the Board. April Purchase Agreement) View More
Permitted Indebtedness. Means (i) total Indebtedness of the Company and its Subsidiaries (other than as expressly specified in, and permitted by, clauses (ii), (iii) and (iv) below) not to exceed $250,000 in the Subsidiaries aggregate outstanding as of the date hereof, exclusive of Indebtedness evidenced by this Note and the Other Notes; at any time; provided, however, that such Indebtedness shall be made expressly subordinate in right of payment to the Indebtedness evidenced by the Notes, as reflected in a written... agreement acceptable to the Required Holders Holder and approved by the Required Holders Holder in writing, and which Indebtedness does not provide at any time for (A) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until ninety-one (91) days after the Maturity Date or later and (B) total interest and fees at a rate in excess of the Interest Rate; (ii) equipment leases and purchase money obligations of the Company and the its Subsidiaries not to exceed $500,000 $1,600,000 in the aggregate outstanding at any time; (iii) Indebtedness evidenced by this Note and the Other Notes; and (iv) surety bonds required Indebtedness evidenced by the Company, or any of its Subsidiaries, to obtain regulatory permits, licenses or insurance as part of conducting its business; and (iv) any other Indebtedness deemed "Permitted Indebtedness" hereunder by Notes (as defined in the unanimous vote of all members of the Board. Prior Purchase Agreement). View More
Permitted Indebtedness. Means (i) Indebtedness evidenced by this Note and the Other Notes, (ii) Indebtedness set forth on Schedule 3(s) to the Securities Purchase Agreement, as in effect as of the Subscription Date and (iii) Indebtedness secured by Permitted Liens or unsecured but as described in clauses (iv) and (v) of the definition of Permitted Liens
Permitted Indebtedness. Means (i) Indebtedness evidenced by this Note and the Other Notes, Note, (ii) Indebtedness set forth on Schedule 3(s) to 2.12 of the Securities Purchase Agreement, as in effect as of the Subscription Issuance Date and (iii) Indebtedness secured by Permitted Liens or unsecured but as described in clauses (iv) and (v) of the definition of Permitted Liens Liens.
Permitted Indebtedness. Means (i) Indebtedness incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder and approved by the Holder in writing, and which Indebtedness does not provide at any time for (A) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until ninety-one (91) days after the Maturity Date... or later and (B) total interest and fees at a rate in excess of ten percent (10%) per annum, (ii) Indebtedness secured by Permitted Liens, (iii) Indebtedness to trade creditors or for professional services incurred in the ordinary course of business, (iv) any Indebtedness owing under the Note, and (v) extensions, refinancings and renewals of any items of Permitted Indebtedness described in clauses (i) through (iv) above, provided that the principal amount is not increased or the terms modified to impose more burdensome terms upon the Company or its Subsidiary, as the case may be.View More
Permitted Indebtedness. Means (i) Indebtedness incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder Representative and approved by the Holder Representative in writing, and which Indebtedness does not provide at any time for (A) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until ninety-one (91)... days after the Maturity Date or later and (B) total interest and fees at a rate in excess of ten six percent (10%) (6%) per annum, (ii) Indebtedness secured by Permitted Liens, (iii) Indebtedness to trade creditors or for professional services incurred in the ordinary course of business, (iv) any Indebtedness owing under the Note, Notes or the Turner Notes, (v) any Indebtedness owing under the Existing Secured Debt, and (v) (vi) extensions, refinancings and renewals of any items of Permitted Indebtedness described in clauses (i) through (iv) (v) above, provided that the principal amount is not increased or the terms modified to impose more burdensome terms upon the Company or its Subsidiary, as the case may be. View More
Permitted Indebtedness. Indebtedness incurred by the Company or its subsidiaries that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement acceptable to the Required Investors and approved by the Required Investors in writing, and which Indebtedness does not provide at any time for the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon, until 91 days after the... Maturity Date or later.View More
Permitted Indebtedness. (i) Indebtedness incurred by the Company or its subsidiaries that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement acceptable to the Required Investors and approved by the Required Investors in writing, and which Indebtedness does not provide at any time for the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon, until 91 days after the... Maturity Date or later. later and (ii) any Indebtedness incurred by the Company under the United States Small Business Admnistration's Paycheck Protection Program View More
Permitted Indebtedness. The following: (a) Borrower's indebtedness to Silicon under this Agreement or the Loan Documents; (b) indebtedness existing on the date hereof which is disclosed in writing to Bank in the Representations; (c) Subordinated Debt; (d) indebtedness incurred after the date hereof not to exceed $50,000 in the aggregate in any fiscal year of Borrower secured by a lien described in clause (i) of the defined term Permitted Liens; (e) indebtedness to trade creditors incurred in the ordinary course of... business; (f) indebtedness secured by Permitted Liens; and (g) extensions, refinancings and renewals of any items of Permitted Indebtedness, provided that the principal amount is not increased or the terms modified to impose more burdensome terms upon BorrowerView More
