Construction Debt definition

Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

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Construction Debt means an amount owed under:

Construction Debt means an amount owed:

Examples of Construction Debt in a sentence

Lender may also disburse directly to itself at any time funds in the Construction Debt Service Reserve in an amount sufficient to pay any prepayments required under the terms of the Loan.
There shall be filed any claim of lien (other than liens associated with the VHDA Permanent Debt or the CONA Interim Construction Debt) against the Property of any part thereof, or any interest or right made appurtenant thereto, and the continued maintenance of said claim of lien or notice to withhold for a period of twenty (20) days without discharge or satisfaction thereof or provision therefor satisfactory to the County Board.
Borrower’s obligation to repay the Consolidated CDBG/AHIF Loan, as evidenced by the Amended and Restated Promissory Note, is secured by the Amended and Restated Deed of Trust and the Amended and Restated Borrower Declarations, both of which are recorded as liens against the Property, junior in lien priority only to the deeds of trust securing the VHDA Senior Debt and the CONA Interim Construction Debt.
The agreements with the Lenders for the Construction Debt will be executed on the Formation Date and the first draw thereon will be made immediately thereafter.
Each contribution will be an amount equal to the amount obtained by multiplying (i) the ratio of the amount of the TEPPCO Cash Contribution to the amount of the Construction Debt principal not drawn prior to the Closing Date, times (ii) the amount of the Construction Debt draw that is being drawn down simultaneously with such TEPPCO contribution.

More Definitions of Construction Debt

Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions paid in respect of Construction Equity, and incremental Incentive Distributions in respect thereof.

Construction Debt means, at any time, on a consolidated basis, Indebtedness incurred to fund the construction of any asset required by the Issuer for the Business including the costs to purchase any related equipment provided that such asset and equipment will form part of the rate base regulated by the Alberta Utilities Commission;

Construction Debt means the outstanding balance under that certain credit agreement dated January 2020, as amended, by and between, among others, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Limited Partnership, as borrower, and the Construction Lenders, as lenders.

Construction Debt means debt incurred to fund (i) all or a portion of a Capital Improvement, (ii) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (iii) distributions (including incremental Incentive Distributions (as defined in the 2017 Agreement)) on Construction Equity. “Construction Equity” means equity issued to fund (i) all or a portion of a Capital Improvement, (ii) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (iii) distributions (including incremental Incentive Distributions (as defined in the 2017 Agreement)) on other Construction Equity. Construction Equity does not include equity issued in the Initial Public Offering. “Construction Period” means the period beginning on the date that a Group Member enters into a binding obligation to commence a Capital Improvement and ending on the earlier to occur of the date that such Capital Improvement Commences Commercial Service and the date that the Group Member abandons or disposes of such Capital Improvement. “Contribution Agreement” means that certain Business Contribution Agreement, dated as of October 1, 2024, by and among the Corporation, the Partnership, and Tall Oak Parent (as may be amended or supplemented from time to time). “Corporate Board” means the Board of Directors of the Corporation. “Corporation” has the meaning set forth in the recitals to this Agreement, together with its successors and assigns. “Corporation Change of Control” shall be deemed to have occurred if or upon:

Construction Debt or "Financing" for any purpose under the Lease. Statements required under Section 3.03(B) of the Lease shall also include computation of Debt Service (including its components) and Construction Debt used in any calculation of Percentage Rent. No later than nineteen (19) months after Substantial Completion of Phase 3, Tenant shall furnish to Landlord the exact amount of the Construction Debt, together with such detail as will enable Landlord to verify its calculation as being an amount not to exceed seventy-five percent (75%) of the Costs of Construction. Within nineteen (19) months after Substantial Completion of a Phase, Tenant shall furnish Landlord information on the allocation of actual Construction Costs to such Phase. Within thirty (30) days after disbursement of the Bond proceeds, Tenant shall furnish Landlord the allocation of Costs of Construction for Phases which have previously been Substantially Completed and which are being reimbursed from the Bond proceeds. Tenant shall retain information on Costs of Construction and their allocation between Phases for future use and furnish Landlord such information as may be required from time to time to calculate Percentage Rent throughout the Term.

Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net

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