Document ID: 12594

Text:
Material Indebtedness means Indebtedness (other than the Loans and Letters of Credit), 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 $2,500,000 . 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.

Named Entities:
23
24
Title
43
48
Principal
73
74
Title

Tokenized Text:
Material
Indebtedness
means
Indebtedness
(
other
than
the
Loans
and
Letters
of
Credit
)
,
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
$
2
,
500
,
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
.