Project Indebtedness. All monetary obligations or liabilities incurred by IPA pursuant to any Debt Instrument issued by IPA after the Effective Date to: (a) refund or refinance any bonds or other indebtedness of IPA issued for the Project and outstanding as of the Effective Date; (b) finance or refinance the costs of Capital Improvements; or (c) finance or refinance Retirement Costs or deposits into the Retirement Reserve Fund.
Project Indebtedness. The Borrower shall not, at any time, -------------------- create, incur, assume, guaranty, suffer to exist or otherwise become or remain directly or indirectly liable with respect to any Debt.
Project Indebtedness. The Agent shall have received Schedule 4, which shall list all of the Project Indebtedness as of the Restructuring Date and describe in reasonable detail the financing facilities and other arrangements establishing such Project Indebtedness.
Project Indebtedness. (a) Renova shall not be required at or prior to the Closing to repay or prepay any Indebtedness of any Project Company or of any Closing Holdco, regardless of whether such Indebtedness is outstanding as of the Effective Date or incurred by such Person after the Effective Date and prior to the Closing; provided that (i) such Indebtedness can be prepaid or repaid without any such prepayment, breakage, make whole or other similar fees, expenses or penalties, or (ii) Renova, on behalf of the relevant Project Company, agrees to pay any prepayment, breakage, make whole or other similar fees, expenses or penalties.
Project Indebtedness. On the Restructuring Date, Schedule 4 correctly lists all of the Project Indebtedness as of the Restructuring Date and describes the financing facilities and other arrangements establishing such Project Indebtedness (including the outstanding amount in respect thereof as of such date). On the Second Amendment Effective Date, Schedule 6 correctly lists all of the Project Indebtedness as of the Second Amendment Effective Date and describes the financing facilities and other arrangements establishing such Project Indebtedness (including the outstanding amount in respect thereof as of a recent date).
Project Indebtedness. The Borrower shall not, at any time, -------------------- create, incur, assume, guaranty, suffer to exist or otherwise become or remain directly or indirectly liable with respect to any Debt other than Non-Recourse Debt. Notwithstanding the provisions of the sentence immediately foregoing, the Borrower shall have the right to incur Recourse Debt up to an aggregate maximum of $5,000,000 which is either (i) unsecured or (ii) incurred with respect to assets which are not Mortgaged Properties and is subject to a purchase money security interest or security interest under a conditional sale agreement.
Project Indebtedness. All payment obligations of Borrowers under or in respect of any of the Project Loan Documents.
Project Indebtedness. 57 4.20 Usury . . . . . . . . . . . . . . . . . . . . . 57 4.21 Setoffs . . . . . . . . . . . . . . . . . . . . 57 4.22 Subsidiaries and Affiliates . . . . . . . . . . 57 4.23 Chief Executive Office/Location of Collateral . 58 4.24
Project Indebtedness. Schedule 4.19.4 correctly and completely describes, as of the Closing Date, all Project Indebtedness outstanding, by obligor, obligee and current amount outstanding.
Project Indebtedness. American Spectrum covenants that it shall not finance or refinance any Project that results in the aggregate outstanding indebtedness on any Project (including Nevada Treasure) to exceed at any time forty percent (40%) of the Project Allocation Amount of such Project (the “Indebtedness Limit”). American Spectrum further covenants that it shall not permit any loan covenant that restricts or limits in any manner the payments owing with respect to the Senior Preferred Stock hereunder and under the Articles Supplementary. The Limited Liability Company Agreement of American Spectrum Xxxxxx Properties shall contain covenants and restrictions evidencing the rights granted with respect to the Senior Preferred Stock pursuant to this Section 3.4, which covenants and restrictions may not be amended without the prior written consent of AMI. Notwithstanding anything contained herein to the contrary, (a) the Existing Indebtedness (excluding any refinance of all or any portion of the Existing Financing) shall not constitute a breach of this Section 3.4 to the extent the Existing Financing with respect to any Project securing the Existing Financing exceeds the Indebtedness Limit for such Project, and (b) the Xxxxxx Loans shall not constitute a breach of this Section 3.4 to the extent the Xxxxxx Loans with respect to any Project securing the Xxxxxx Loans exceeds the Indebtedness Limit for such Project.
