Finance Deals & Syndicated Lending · glossary
The agreement's full list of what counts as debt, from loans and bonds to finance leases and guarantees. It is drawn wide so that debt cannot be dressed up as something else. The ratios, the debt limit and cross-default all use it. Definition: Financial Indebtedness · Chapter 9
Explained in Chapter 9, Undertakings and Financial Covenants, of Finance Deals & Syndicated Lending.
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any indebtedness for or in respect of: (a) moneys borrowed; (b) any amount raised under any acceptance credit, bond, note or similar instrument; (c) finance or capital leases; (d) receivables sold on a recourse basis; (e) counter-indemnity obligations in respect of guarantees or letters of credit issued by financial institutions; (f) any derivative transaction (its marked-to-market value being counted); and (g) guarantees or indemnities in respect of any of the above given for the obligations of any person;Read the definition in the document →
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