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, 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.”
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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, operations buildings and office buildings.
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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.


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.”
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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.
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Construction Indebtedness. Indebtedness incurred by any Subsidiary of the Borrower with respect to the construction of senior living units in Villages, Florida, Lakeway, Texas, and Belmont, Massachusetts pursuant to Section 7.2(g); provided that, the loan-to-value ratio for the aggregate amount of such Indebtedness shall be no greater than 75%.
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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
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Construction Indebtedness means, with respect to any Person, any Indebtedness incurred to finance the cost of design, development,
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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).
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Related to Construction Indebtedness

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Indebtedness means any of the following:

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Indebtedness means, with respect to any Person, without duplication:

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Secured Indebtedness means any Indebtedness of the Issuer or any of its Restricted Subsidiaries secured by a Lien.