Define: Bank Indebtedness

How is Bank Indebtedness defined in a legal contract?

• Bank Indebtedness means any amounts payable under or in respect of the Credit Agreement and the accompanying Credit Agreement Documents, regardless of any modifications made over time. This includes principal, interest (including interest that accrues during bankruptcy or reorganizational proceedings), fees, charges, expenses, reimbursement obligations, guarantees and any other payable amounts.
  Seen in 431 SEC filings.
• Bank Indebtedness means any amounts payable, whether incurred at the issue date or thereafter, under any Credit Facility. This includes principal, premium (if applicable), interest (including interest accruing during bankruptcy or reorganization proceedings), fees, charges, expenses, reimbursement obligations, guarantees, and other monetary obligations.
  Seen in 234 SEC filings.
• Bank Indebtedness means all obligations and amounts of debt owed by the Borrower to the Bank, whether they are current or occur in the future. This encompasses all obligations under the Loan Documents, any letter of credit issued for the benefit of Borrower by the Bank, and any other obligations under any other agreements.
  Seen in 32 SEC filings.
• Bank Indebtedness means all obligations pursuant to the Credit Facilities.
  Seen in 23 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of bank indebtedness’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Bank Indebtedness means all due amounts and obligations under the Credit Facility, inclusive of principal, interest, fees and guarantees.

Relevant Contract Type

• Loan Agreement
• Line of credit agreements
• Secured lending contracts
• Debt Issuance Agreements

Relevant Circumstances

• Negotiating bank loans.
• Refinancing existing debt.
• Setting up lines of credit.

Relevant Sectors

• Banking & Finance
• Real Estate

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Genie Definition 2

• Bank Indebtedness means entire owed sums under any Loan Documents, and any obligations of the Borrower to the Bank.

Relevant Contract Type

• Business Loan Agreements
• Promissory Notes
• Guaranty Agreements
• Commercial Lease Agreements

Relevant Circumstances

• Starting a business.
• Borrowing for business expansion.
• Securing loans with guarantees.

Relevant Sectors

• Small Business
• Commercial Real Estate
• Retail

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