Indebtedness. Create, incur, assume, or be liable for any Indebtedness, other than Permitted Indebtedness.

Indebtedness. Upon the incurrence or issuance by the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) of any Indebtedness (other than the making of any Loans or issuance of any Letters of Credit hereunder), the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in [Section 2.09(b)]).

Indebtedness. The Borrowers will not, and will not permit any of the Restricted Subsidiaries to, contract, create, incur, assume or suffer to exist any Indebtedness, except:

Create, incur, assume or suffer to exist any Indebtedness, except:

Indebtedness. As of the Effective Date, Sellers do not have any material Indebtedness, except as disclosed on [Schedule 2] to this Repurchase Agreement.

Indebtedness. Create, incur, assume, guarantee or be or remain liable with respect to any Indebtedness, or permit any Subsidiary so to do, other than Permitted Indebtedness, or prepay any Indebtedness or take any actions which impose on Borrower an obligation to prepay any Indebtedness, except Indebtedness to Bank.

“Consolidated Funded Indebtedness” means, as of any date of determination, for the Borrower and its Restricted Subsidiaries on a consolidated basis (exclusive of any Indebtedness of the Borrower’s Restricted Subsidiaries to the Borrower or another Restricted Subsidiary or any Indebtedness of the Borrower to any Restricted Subsidiary), the sum (without duplication) of # the outstanding principal amount of all Indebtedness for borrowed money minus the amount of any cash borrowed by the Borrower and pledged or deposited by the Borrower pursuant to [Section 2.03(a)(iii)] or [Section 2.16] as cash collateral, # the aggregate amount of all Attributable Indebtedness, # the outstanding principal amount of all Indebtedness of the type described in clause (e) of the definition thereof, # the outstanding principal amount of all Indebtedness of the type described in clause (d) of the definition thereof, and # all Guarantees with respect to outstanding Indebtedness of the types specified in [subsections (a) through (d)] above of Persons other than the Borrower or any Restricted Subsidiary. Notwithstanding the foregoing, Consolidated Funded Indebtedness shall not include # any Defeased Indebtedness or # the aggregate principal amount of Indebtedness (including any interest paid-in-kind thereon), if any, in respect of any Specified Tribal Contribution. The amount of Consolidated Funded Indebtedness shall be deemed to be zero with respect to any letter of credit, unless and until a drawing is made with respect thereto. “Consolidated Funded Indebtedness” shall exclude the Consolidated Funded Indebtedness of each Unrestricted Subsidiary and all Subsidiaries of any Unrestricted Subsidiary. “Consolidated Funded Indebtedness” shall exclude any Guarantee of Indebtedness at the Mohegan Sun Korea Project to the extent and for such time as the Borrower deems such Guarantee as incurred pursuant to [Section 9.02(k)] and [Section 9.03(h)].

“Funded First Lien Indebtedness” means Consolidated Funded Indebtedness that is secured by a Lien on any asset or property of Holdings or any Restricted Subsidiary; provided that such Consolidated Funded Indebtedness # is not expressly subordinated in right of payment to the Obligations or # is not secured by Liens on the Collateral that are expressly junior to the Liens securing the Obligations, in each case of the [foregoing clauses (i) and (ii)])], on written terms reasonably satisfactory to the Blackstone Credit Representative and the Ally Representative.

6E(2). Consolidated Funded Indebtedness/Cash Flow Ratio. The Company will not permit the Consolidated Funded Indebtedness/Cash Flow Ratio, as determined quarterly as of the last day of each fiscal quarter of the Company (and treating such fiscal quarter as having been completed), to exceed 6.00 to 1.00.

“Consolidated Leverage Ratio” means Consolidated Total Funded Indebtedness to Total Asset Value.