Construction Debt Financing definition
Construction Debt Financing means such portion of the Construction Financing as the parties are able to obtain in the form of debt facilities (including loans, letters of credit and other extensions of credit, but excluding intercompany loans, bridge loans and other temporary debt financing), with such portion in no event being less than 50% of the total Construction Financing.
Examples of Construction Debt Financing in a sentence
The Company may, to the extent determined appropriate by the Capital Members, cause the applicable Project Company to obtain additional Construction Debt Financing, and/or cause the Company to provide Construction Equity Financing or other equity financing.
The Company may, to the extent determined appropriate by the Members, cause the applicable Project Company to obtain additional Construction Debt Financing, and/or cause the Company to provide Construction Equity Financing or other equity financing.