Completion Debt definition

Completion Debt has the meaning given in paragraph 1.3 of Error! Reference source not found. (Completion Statement Principles);
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Completion Debt has the meaning given in paragraph 1.3 of Schedule 2 (Completion Statement Principles);
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Completion Debt has the meaning given in Part 1 of Schedule 8;
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Examples of Completion Debt in a sentence

  • The Sale Loan Consideration shall be satisfied at Completion in cash pursuant to the terms of the SPA.Within 90 days after Completion, the JV Company at its cost shall procure that the auditor of the Target Company for the time being to determine the Completion Debt.

  • If Long-Term Indebtedness is being issued for the purpose of refunding any outstanding Indebtedness, such Indebtedness may be issued upon the delivery of a certificate signed by an Authorized Representative of the Charter School referenced insubsection (a)(i) of this Section and stating that the Annual Debt Service Requirement of the Charter School will be reduced after the refunding of such Indebtedness; or (c) Completion Debt.

  • Where any Completion Debt determined is a contingent liability, upon such liability becoming actual the Vendor shall immediately pay such amounts to the JV Company on demand.

  • Upon such determination by the auditor, the JV Company shall notify the Vendor the amount of Completion Debt, and the Vendor shall within 5 Business Days of such notification pay to the JV Company an amount equal to the Completion Debt (excluding contingent liabilities), to an account nominated by the JV Company.

  • Completion Debt and the Working Capital shall be derived from the Agreed Completion Statement.

  • If the Parties are unable to reach agreement concerning the Completion Balance Sheet and/or Completion Debt during such 45-day period, they shall promptly thereafter submit the dispute to the Accounting Referee for resolution pursuant to clause 3.2.4.

  • For the avoidance of doubt it is mentioned that Completion Debt shall only include obligations of the relevant Group Companies as a result of such Group Companies entering into an agreement with third parties (for the purpose of this Clause ‎11.3: including any of the Sellers) with a view of borrowing any monies from such third party and shall therefore not include any liabilities or obligations of any of the Group Companies that have arisen otherwise.

  • As at the Latest Practicable Date, the Company is not aware of any Completion Debt.

  • Subject to Section 319 (1) BGB, such report shall be final and binding upon the Sellers and the Purchaser and the resulting Completion Balance Sheet and calculation of Completion Debt shall be final for all purposes of this Agreement.

  • See Completion; Debt service design, 88purpose, 89–90Seine-et-Marne, tax revenue (guarantee), 345Senior debt, incurrence (limitation), 315 Sensitivity analysis, 182–184.


More Definitions of Completion Debt

Completion Debt means, in relation to the Group Companies, the Debt outstanding and not repaid as of the Closing Date.
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Completion Debt means the aggregate of all borrowings and overdrafts on all bank accounts owed by the Company, and/or any other third party debt owed by the Company, in each case as at Completion as shown on the Completion Cash / Debt Statement
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Completion Debt means the aggregate amount (if any) of the Borrowings of the Group Companies as at the Effective Time;
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Completion Debt has the meaning given in Clause ‎11.3; Consideration has the meaning given in Clause ‎3.1.1;
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Related to Completion Debt

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Completion Deadline means August 15, 2018, or such later date as may be agreed to in writing by the Parties;

  • COMPLETION TIME means the period by date specified in the acceptance of tender for handing over the erected equipment/plant which are found acceptable by the Engineer being of required standard and conforming to the specifications of the contract.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Final Completion Date means the date on which Final Completion occurs.

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Phase 2 means the second implementation phase of this section, beginning June 1, 2022 and continuing thereafter.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Phase III means human clinical trials, the principal purpose of which is to establish substantial evidence of both safety and efficacy in patients with the disease or condition being studied, as more fully defined in 21 C.F.R. §312.21(c) or similar clinical study in a country other than the United States. Phase III shall also include any other human clinical trial intended to serve as a pivotal trial to support the submission of an application for regulatory approval.

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Tests on Completion means the tests which are specified in the Contract or agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of the interest accrued during construction of the Project shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the construction of the Project; and provided further that interest accruing after the date of completion of the Project shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of- pocket costs incurred by such affiliate in constructing the Project (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by such affiliate, and (C) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion there); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the date of a declaration of “official intent” to reimburse costs paid with respect to the Project (within the meaning of §1.150-2 of the United States Treasury Regulations) or the date of issue of the Bonds, and (iv) if the costs of the construction of the Project were previously paid and are to be reimbursed with proceeds of the Bonds such costs were (A) costs of issuance of the Bonds, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.150-2 (F) (2)) with respect to the Project (such architectural, engineering and soil testing services) incurred before commencement of construction of the Project that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Project that are reimbursed no later than eighteen (18) months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three (3) years after the expenditures is paid).