Permitted Indebtedness

Permitted Indebtedness. Means (a) indebtedness with an aggregate principal amount of up to $40,000,000 incurred pursuant to secured loan facilities of the Company and any extensions, refinancings, modifications, amendments and restatements thereof, provided that such loan facilities are approved by the Board of Directors and the principal amount thereof is not increased above $40,000,000, (b) guarantees of the obligations of any wholly-owned subsidiary of the Company provided to landlords or sublessors in connection... with real estate leases, (c) obligations under letters of credit in an aggregate outstanding amount of up to $2,000,000 in connection with real estate leases and (d) obligations under equipment leases (not to exceed $150,000 with respect to any individual equipment lease or $1,000,000 in the aggregate unless otherwise contemplated in the annual operating budget approved by the Board of Directors). View More

Permitted Indebtedness. Means (i) Indebtedness evidenced by this Note; (ii) debt incurred to make acquisitions; (iii) trade payables incurred in the ordinary course of business consistent with past practice, (iv) unsecured indebtedness not in excess of $100,000 in the aggregate, and (v) Indebtedness secured by Permitted Liens.

Permitted Indebtedness. The meaning set forth in the Schedule.

Permitted Indebtedness. In Section 1.1 of the Loan Agreement shall be hereby amended to amend and restate clause (m) thereof as follows: "(m) Indebtedness in respect of a revolving credit facility in an aggregate principal amount not to exceed $22,000,000 (the "Revolving Credit Facility"), so long as (i) no Subsidiary of the Borrower that is not a Loan Party shall be the borrower, a guarantor, obligor or otherwise obligated thereunder, (ii) the lenders providing the Revolving Credit Facility are third parties that... are not (A) a Loan Party, (B) a Lender, (C) a lender under the Senior Facility Agreement, (D) any Person set forth on Schedule 1.1 or (E) any Affiliate or Subsidiary of any of the foregoing; and (iii) only one Revolving Credit Facility may be in effect or exist at any time; and" View More

Permitted Indebtedness. Means (a) the indebtedness evidenced by the Note, and (b) indebtedness that (i) is expressly subordinate to the Note pursuant to a written subordination agreement with the Secured Party that is acceptable to the Secured Party in its sole and absolute discretion and (ii) matures at a date later than the 91st day following the Maturity Date.

Permitted Indebtedness. (i) Indebtedness evidenced by this Note and the Other Notes; (ii) Indebtedness listed on the Disclosure Schedule to the Securities Purchase Agreement; (iii) trade payables incurred in the ordinary course of business consistent with past practice; and (iv) Subordinated Indebtedness not to exceed $5,000,000 in the aggregate at any time.

Permitted Indebtedness. (a) the Company's Indebtedness to the Noteholder under this Note; (b) Subordinated Debt; (c) Indebtedness existing on the date hereof and disclosed on the Perfection Certificate(s) delivered in accordance with the Security Agreement; (d) unsecured Indebtedness to trade creditors incurred in the ordinary course of business; (e) Indebtedness consisting of capitalized lease obligations and purchase money Indebtedness, in each case incurred by the Company to finance the acquisition, repair,... improvement or construction of fixed or capital assets of such person, provided that (i) the aggregate outstanding principal amount of all such Indebtedness does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) at any time and (ii) the principal amount of such Indebtedness does not exceed the lower of the cost or fair market value of the property so acquired or built or of such repairs or improvements financed with such Indebtedness (each measured at the time of such acquisition, repair, improvement or construction is made); (f) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of the Company's business; and (g) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (e) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose materially more burdensome terms upon the Company. View More