Examples of Construction Indebtedness in a sentence
The PCT Unitholders will be entitled to the Second Level Contingency Consideration upon the Phase II Facility becoming operational, as certified by Leidos Engineering, LLC (“Leidos”), an independent engineering firm, in accordance with criteria established in connection with the incurrence of the Construction Indebtedness.
Parent shall not, and shall not permit any of the Restricted Subsidiaries to, Incur any Secured Indebtedness (including Acquired Indebtedness and Construction Indebtedness) if, immediately after giving effect to the Incurrence of such additional Secured Indebtedness and the receipt and application of the proceeds therefrom, the aggregate principal amount of all outstanding Secured Indebtedness of the Restricted Subsidiaries on a consolidated basis would be greater than 45% of their Adjusted Total Assets.
Borrower shall neither exercise nor make any borrowings in connection with the commitments under, nor enter into any amendment, modification, renewal or extension of, any of the Refinanced CBT, CNB and JPM Revolving Credit Agreements unless the applicable Refinanced CBT, CNB and JPM Revolving Credit Agreement meets all of the conditions in this Agreement to be Permitted Construction Indebtedness.
Permitted Construction Indebtedness 99 ARTICLE THIRTEEN MISCELLANEOUS SECTION 13.01.
Parent shall not and shall not permit any of the Restricted Subsidiaries to Incur any Indebtedness (including Acquired Indebtedness and Construction Indebtedness) if, immediately after giving effect to the Incurrence of such additional Indebtedness and the receipt and application of the proceeds therefrom, the aggregate principal amount of all outstanding Indebtedness of the Restricted Subsidiaries on a consolidated basis would be greater than 65% of their Adjusted Total Assets.
The Construction Indebtedness shall be repaid by Borrower to TMCC immediately and without further notice or demand therefore by TMCC upon the Termination Date of this Agreement set forth herein.
The limitations on the amount of Construction Indebtedness under the Construction Loan, as set forth in Section 4.5 below.
If no Permitted Senior Construction Indebtedness has been issued within forty-five (45) days after the Closing Date, Agent shall be granted a first priority Lien on all assets of NGP I, including all interests of NGP I in real estate.
Covenant or otherwise agree with any Person (other than (a) the Lenders and Administrative Agent pursuant to this Agreement and (b) with respect to the assets securing Permitted Construction Indebtedness, the lenders of such Permitted Construction Indebtedness), whether in connection with obtaining or modifying credit accommodations from such Person, or incurring other Indebtedness, or otherwise, to keep its unencumbered assets free of any or all Liens.
An individual may be involved in the management function of certain investments and the control function of other investments, but the principle of separation means that they must not exercise the rights associated with two functions on the same investments.