Balance Debt definition

Balance Debt means the balance principal amount of the debt agreed to be provided by the Lenders to the Concessionaire under the Financing Agreements for financing the Project Cost and which remains to be disbursed by the Lenders to the Concessionaire after the Concessionaire has subscribed and expended the equity contribution required for the Project.
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Examples of Balance Debt in a sentence

  • Sr. Debt Balance Debt amount ranking senior to the Main Street loan.

  • Additional Pari Passu Debt Balance Debt amount ranking pari passu to the Main Street loan.

  • Without prejudice to any clauses in the relevant Debt Settlement Agreement, the relevant subsidiary of YTB may settle the relevant Balance Debt (or any portion remaining outstanding) partially or in full at anytime provided a written notice had been served on the Creditor irrespective of the Debt Settlement Agreement.

  • However, no Distribution Date may occur prior to the 5th Business Day following delivery to Administrative Agent of the calculation of the Target Debt Balance, Debt Service or the Debt Service Coverage Ratio relating to the proposed distribution pursuant to Section 6.9 of the Credit Agreement.

  • The sale of the interests in the Lease Balance Debt herein is a presently effective, absolute and unconditional assignment and transfer of such interests.

  • In accordance with Section 21.1 of the Lease upon the exercise of the remarketing option, the payment of the Maximum Residual Guarantee Amount received by the Lessor shall be distributed to the Agent on behalf of the Lenders for application to pay in full the Lease Balance Debt of each Lender, pro rata among the Lenders without priority of one over the other in the proportion that the Lease Balance Debt of each such Lender bears to the aggregate Lease Balance Debt of all Lenders.

  • As of the Date of Lease, the Lease Investment Balance Debt shall not exceed $126,800,000.00.

  • The Landlord's sale to the Rent Purchasers herein of the Rent Purchasers' Interests in the Lease Investment Balance Debt is a presently effective, absolute and unconditional assignment and transfer of such Rent Purchasers' Interests.

  • In consideration of the receipt of the proceeds of such Rent Purchaser Advances, the Lessor does hereby absolutely sell, assign, transfer and convey unto the Rent Purchasers all of the Lessor's right, title and interest in and to the interests with respect to the Lease Balance Debt; provided that this sale is without recourse to the Lessor (except to the extent of its representations expressly set forth herein).

Related to Balance Debt

  • Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is (A) not recourse to the Borrower other than with respect to Liens granted by the Borrower on direct or indirect equity interests in such Subsidiary to secure such Debt and limited Guaranties of, or equity commitments with respect to, such Debt by the Borrower, which Liens, limited Guaranties and equity commitments are of a type consistent with other limited recourse project financings, and other than customary contractual carve-outs to the non-recourse nature of such Debt consistent with other limited recourse project financings, and (B) incurred in connection with the acquisition, development, construction or improvement of any project, single purpose or other fixed assets of such Subsidiary, including Debt assumed in connection with the acquisition of such assets, or (ii) that represents an extension, renewal, replacement or refinancing of the foregoing, provided that, in the case of a replacement or refinancing, the principal amount of such new Debt shall not exceed the principal amount of the Debt being replaced or refinanced plus 10% of such principal amount.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).