Additional Financing Costs definition
Examples of Additional Financing Costs in a sentence
All such prepayments under this Section 2.06(b) shall be accompanied by (i) interest accrued to and including the date of such prepayment on the principal amount prepaid and (ii) any Additional Financing Costs.
In the event that the Closing occurs but any fees (including any fees payable under the fee letter), expenses or, other amounts other than the Bridge Loan Costs specified above, are payable or paid, or any interest has been paid or is payable in respect of the Bridge Loans (such other fees, expenses, other amounts or interest, “Additional Financing Costs”), such Additional Financing Costs shall be treated as “Transaction Expenses” and deducted from the purchase price.
The Trinity Managing Member shall instruct the Trinity Custodian to make all payments to be made on behalf of Trinity, including all payments in respect of Preferred Return, Additional Financing Costs, Pecos Transaction Costs, and other Trinity Expenses in accordance with the Trinity Custodian Agreement.
Any payment by Chaparral, the Indenture Trustee or the New Indenture Trustee of or with respect to Additional Financing Costs or New Administrative Expenses shall be treated as a guaranteed payment to the Class A Member and shall not affect the Class A Member's Capital Account balance.
To the extent that any New Notes Liquidity Payments or other payments made by El Paso under the El Paso Guarantee are used by the New Indenture Trustee to pay New Administrative Expenses or Additional Financing Costs, the Class A Member shall be deemed to have received in such amount a "guaranteed payment" within the meaning of Code Section 707(c) for income tax purposes.
Upon receipt by Chaparral of a Capital Contribution pursuant to Section 3.3(a)(ii), the Managing Member shall cause Chaparral to pay to the Class A Member on or before 12:00 noon (New York City time) on the Additional Financing Costs Payment Date the amount of Additional Financing Costs requested and correctly certified in the related notice.
The delivery of such notice shall be deemed to be a demand by the Class A Member for payment by Chaparral of the Additional Financing Costs requested in such notice.
The Sponsor Subsidiaries shall jointly and severally pay to Trinity such Additional Financing Costs or Transaction Costs on or before the date falling five Business Days after the date of such notice; provided, however, that (x) any Additional Financing Costs arising by reason of the late payment of the Advance or (y) any Transaction Costs of the kind described in clause (b) of the definition thereof shall, in each case, be payable on demand.
The Claimant shall specify whether such Additional Financing Costs or Transaction Costs (as the case may be) will be recurring, and, if known, the duration of such recurrence.
The Trinity Class A Member shall instruct the Trinity Custodian to make all payments to be made on behalf of Trinity, including all payments in respect of Preferred Payments, Additional Financing Costs, Transaction Costs, Disposition Costs and other Trinity Expenses in accordance with the Trinity Custody Agreement.