Define: Acquired Debt
What does "Acquired Debt" mean? The meaning differs based on the contract. We found 5 definitions across 4 companies in SEC filings.
Definition 1 (CARNIVAL CORP, seen in 1 filing)
Acquired Debt means with respect to any specified Person (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Restricted Subsidiary and (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.
Source: CARNIVAL CORP 10-K
Definition 2 (CARNIVAL CORP, seen in 1 filing)
Acquired Debt means with respect to any specified Person (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming, a Restricted Subsidiary and (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.
Source: CARNIVAL CORP 10-Q
Definition 3 (CHARTER COMMUNICATIONS, INC. /MO/, seen in 1 filing)
Acquired Debt means with respect to any specified Person: (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person; and (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.
Source: CHARTER COMMUNICATIONS, INC. /MO/ S-1
Definition 4 (BECTON DICKINSON & CO, seen in 1 filing)
Acquired Debt means Debt of a Subsidiary of the Company acquired pursuant to an acquisition not prohibited under this Agreement (or Debt assumed at the time of such acquisition of an asset securing such Debt); provided that such Debt was not incurred in connection with, or in anticipation or contemplation of, such acquisition.
Source: BECTON DICKINSON & CO 8-K
Definition 5 (Airbnb, Inc., seen in 1 filing)
Acquired Debt means with respect to any specified Person (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or credit support utilized in connection with, such other Person merging with or into, or becoming a Subsidiary of, such specified Person provided , however , that any Indebtedness of such acquired Person that is redeemed, defeased, retired or otherwise repaid at the time of or immediately upon consummation of the transactions by which such Person merges with or into, consolidates, amalgamates or otherwise combines with or becomes a Subsidiary of such Person shall not be considered to be Acquired Debt and (2) Indebtedness secured by an existing Lien encumbering any asset acquired by such specified Person.
Source: Airbnb, Inc. 10-K
Data extracted from 5 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.