Construction Indebtedness definition

Construction Indebtedness means Indebtedness incurred by the Company or its Subsidiaries in connection with the construction of motion picture theatres or screens.

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Construction Indebtedness means Indebtedness incurred by the Company or its Restricted Subsidiaries in connection with the construction of motion picture theatres or screens.

Construction Indebtedness means, with respect to any Person, any Indebtedness Incurred to finance the cost of design, development, construction and opening of new or redeveloped assets that will be used or useful in a Permitted Business, including the cost of acquisition of related property, plant or equipment, to be owned by such Person or any of its Restricted Subsidiaries and which is designated by such Person as “Construction Indebtedness.”

Examples of Construction Indebtedness in a sentence

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.
Once Construction Indebtedness applicable to a particular Construction Project has been refinanced as a Permanent Advance hereunder, the amount of the Construction Indebtedness for that Construction Project shall be deemed to have been repaid and such amount may be re-borrowed hereunder.
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.
The Loan Parties and Property Entities have no Indebtedness that is senior or pari passu in right of payment to the Obligations of the Loan Parties to the Lenders (other than (a) Indebtedness under the Permitted Borrower Construction Indebtedness, (b) Indebtedness under the Existing Secured Indebtedness and (c) Permitted Indebtedness, but only to the extent that such Permitted Indebtedness is allowed to be senior or pari passu in right of payment to the Obligations under Section 7.01).
No Note Document Party has reason to believe that the Project will not be operational, or that the PPA Commercial Operation Date will not have occurred, by the Scheduled PPA Commercial Operation Date, or that the cost to complete the Project will exceed the funding available to Issuer under this Agreement and any Permitted Senior Construction Indebtedness Documents.

More Definitions of Construction Indebtedness

Construction Indebtedness means, with respect to any Person, any Indebtedness incurred to finance the cost of design, development, construction and opening of new or redeveloped assets that will be used or useful in a Permitted Business, including the cost of acquisition of related property, plant or equipment, to be owned by such Person or any of its Restricted Subsidiaries and which is designated by such Person as “Construction Indebtedness.”

Construction Indebtedness means Indebtedness incurred by the Company or its Subsidiaries in connection with the construction of motion picture theatres or screens. "Credit Agreement" means that certain Credit Agreement, dated April 30, 2013 and as amended on December 11, 2015 and on November 8, 2016, among the Company, as

Construction Indebtedness means Indebtedness incurred by the Company or its Subsidiaries in connection with the construction of motion picture theatres or

Construction Indebtedness means Indebtedness (including Finance Lease Obligations and other Indebtedness arising under mortgage financings and purchase money Indebtedness (including any industrial revenue bond, industrial development bond or similar financings)) the proceeds of which are used to finance the development, construction, upgrade, expansion or improvement of property (real or personal), equipment or any other assets useful in the business of the Borrower and its Restricted Subsidiaries.

Construction Indebtedness means, with respect to any Person, any Indebtedness incurred to finance the cost of design, development,

Construction Indebtedness means Indebtedness incurred by any Subsidiary of the Borrower with respect to the construction of senior living units set forth on Schedule 8.03(l) pursuant to Section 8.03(l).