Define: Material Indebtedness

What does "Material Indebtedness" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.

Definition 1 (CARNIVAL CORP, seen in 1 filing)

Material Indebtedness means Indebtedness (other than Loans and Letters of Credit) of any one or more of the Borrowers or any Subsidiary in an aggregate outstanding principal amount exceeding $100,000,000.

Source: CARNIVAL CORP 10-Q

Definition 2 (Extra Space Storage Inc., seen in 1 filing)

Material Indebtedness means Indebtedness of the Borrower or any Subsidiary in an outstanding principal amount of $200,000,000 or more in the aggregate (or the equivalent thereof in any currency other than Dollars).

Source: Extra Space Storage Inc. 8-K

Definition 3 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)

Material Indebtedness means Indebtedness (other than the Loans), or obligations in respect of one or more Hedging Agreements, of any one or more of the Company and the Subsidiaries in an aggregate principal amount exceeding US$150,000,000. For purposes of determining Material Indebtedness, the principal amount of the obligations of the Company or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time.

Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 10-K

Data extracted from 3 SEC EDGAR filings across 3 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.

Occurrences: 3
Companies: 3
Keywords:
Material Indebtednessdefinitioncontract languagelegal termSEC filing

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