UNF » Topics » Priority Debt

These excerpts taken from the UNF 10-Q filed Apr 9, 2009.
Priority Debt” shall mean (without duplication) the sum of (a) unsecured Debt of Restricted Subsidiaries (that are not Obligors) other than (1) Debt outstanding on the date of Closing and set forth on Schedule 5.15, (2) Debt owed to an Obligor or any Wholly-Owned Restricted

Subsidiary, (3) any Guaranty of the Notes, and (4) Debt outstanding at the time such Person became a Restricted Subsidiary (other than an Unrestricted Subsidiary which has been redesignated as a Restricted Subsidiary), provided, that such Debt shall not have been incurred in contemplation of such Person becoming a Restricted Subsidiary and (b) Debt of the Obligors and their Restricted Subsidiaries secured by a Lien other than a Lien permitted by paragraphs (a) through (j), inclusive, of Section 10.3.

Priority Debt” shall mean (without duplication) the sum of (a) unsecured Debt of Restricted Subsidiaries (that are not Obligors) other than (1) Debt outstanding on the date of Closing and set forth on Schedule 5.15, (2) Debt owed to an Obligor or any Wholly-Owned Restricted Subsidiary, (3) any Guaranty of the Notes, and (4) Debt outstanding at the time such Person became a Restricted Subsidiary (other than an Unrestricted Subsidiary which has been redesignated as a Restricted Subsidiary), provided, that such Debt shall not have been incurred in contemplation of such Person becoming a Restricted Subsidiary and (b) Debt of the Obligors and their Restricted Subsidiaries secured by a Lien other than a Lien permitted by paragraphs (a) through (j), inclusive, of Section 10.3.

EXCERPTS ON THIS PAGE:

10-Q (2 sections)
Apr 9, 2009
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki