Permitted Indebtedness Definition Example with 6 Variations

This page contains an example definition of Permitted Indebtedness, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Permitted Indebtedness. Is: (a)Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b)Indebtedness existing on the Effective Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Debt; (d)Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness secured by Permitted Liens; (f) Indebtedness of Borrower to any Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations... of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of any other Subsidiary (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, not otherwise permitted by Section 7.4, not exceeding $250,000 in the aggregate outstanding at any time; and (h) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. View More Arrow
Found in CRITICAL PATH INC contract

Variations

Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank Lenders and Agent under this Agreement or any other the Loan Document; (b)Indebtedness Documents; (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Perfection Certificate; (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness (e) Indebtedness secured by Permitted Liens; Liens;. (f)... Indebtedness of Borrower to any Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of any other Subsidiary (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, Indebtedness not otherwise permitted by Section 7.4, 7.4 not exceeding $250,000 Five Hundred Thousand Dollars ($500,000.00) in the aggregate outstanding at any time; and (h) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) (g) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. be View More Arrow
Found in INFINERA Corp contract
Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank Lenders and Agent under this Agreement or any other the Loan Document; (b)Indebtedness Documents; (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Perfection Certificate; (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors and with respect to surety bonds and similar obligations incurred in the ordinary course of business; (e)Indebtedness... (e) Indebtedness secured by Permitted Liens; (f) Indebtedness of Borrower to any Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of any other Subsidiary (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, Indebtedness not otherwise permitted by Section 7.4, 7.4 not exceeding $250,000 $100,000 in the aggregate outstanding at any time; and (h) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. 32 View More Arrow
Found in PONIARD PHARMACEUTICALS, INC. contract
Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b)Indebtedness (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness secured by Permitted Liens; (f) and (e) Indebtedness of Borrower to any Subsidiary and Contingent Obligations of... any Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of any other Subsidiary (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, by); (f) other Indebtedness not otherwise permitted by Section 7.4, 7.4 not exceeding $250,000 $1,000,000 in the aggregate outstanding at any time; and (h) Extensions, refinancings, modifications, amendments and restatements of any items of (g) Indebtedness secured by Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. Liens. View More Arrow
Found in Exelixis contract
Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank Lender under this Agreement or any other the Loan Document; (b)Indebtedness Documents; (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Schedule; (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness (e) Indebtedness secured by Permitted Liens; (f) Indebtedness of Borrower to any ... class="diff-color-red">Subsidiary of its Subsidiaries and Contingent Obligations of any Subsidiary of Borrower with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary of Borrower to any other Subsidiary of Borrower and Contingent Obligations of any Subsidiary of Borrower with respect to obligations of any other Subsidiary of Borrower (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, not otherwise permitted by Section 7.4, not exceeding $250,000 in Borrower's indebtedness to ICG under the aggregate outstanding at any time; and ICG Loan Documents. (h) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) (g) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, any Subsidiary of Borrower, as the case may be. View More Arrow
Found in BREAKAWAY SOLUTIONS INC contract
Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank under this Agreement or any other Loan Document; (b)Indebtedness (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Schedule, as acceptable to Bank; (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness (e) Indebtedness relating to capital lease obligations of Borrower regarding... equipment; -20- (f) Indebtedness secured by Permitted Liens; (f) (g) Indebtedness secured by purchase money Liens (i) on Equipment acquired or held by Borrower or its Subsidiaries incurred for financing the acquisition of the Equipment, or (ii) existing on equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the equipment; (h) Indebtedness of Borrower to any Subsidiary provided that any such Indebtedness is Subordinated Debt and Contingent Obligations of any Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations of any other Subsidiary (provided that the primary obligations are not prohibited hereby); (g) Other Indebtedness, not otherwise permitted by Section 7.4, not exceeding $250,000 (i) Indebtedness with respect to surety bonds and similar obligations incurred in the aggregate outstanding at any time; and (h) ordinary course of business; (j) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) (a), (b) and (d) through (f) (i) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. be, provided, further, extensions of existing Subordinated Debt shall also be Permitted Indebtedness hereunder as long as no other material term of such Subordinated Debt or any provision of any related document or agreement or any term with respect to the rights of Bank relating thereto is modified in connection therewith other than as Bank may consent to in writing. View More Arrow
Found in SENORX INC contract
Permitted Indebtedness. Is: (a)Borrower's is: (a) Borrower's indebtedness to Bank Lender under this Agreement or any other the Loan Document; (b)Indebtedness Documents; (b) Indebtedness existing on the Effective Closing Date that is acceptable to Bank and shown on the Schedules; (c)Subordinated Schedule; (c) Subordinated Debt; (d)Indebtedness (d) Indebtedness to trade creditors incurred in the ordinary course of business; (e)Indebtedness (e) Indebtedness secured by Permitted Liens; (f) Indebtedness of Borrower to any ... class="diff-color-red">Subsidiary of its Subsidiaries and Contingent Obligations of any Subsidiary of Borrower with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary of Borrower to any other Subsidiary of Borrower and Contingent Obligations of any Subsidiary of Borrower with respect to obligations of any other Subsidiary of Borrower (provided that the primary obligations are not prohibited hereby); and (g) Other Indebtedness, not otherwise permitted by Section 7.4, not exceeding $250,000 in the aggregate outstanding at any time; and (h) Extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, any Subsidiary of Borrower, as the case may be. -20- View More Arrow
Found in BREAKAWAY SOLUTIONS INC contract
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