Debt Costs definition

Debt Costs means the costs incurred by Grace or Grace-Conn. in connection with a tender offer, defeasance, retirement or other acquisition of Grace-Conn. Public Debt, which costs shall consist of (i) any incremental costs, fees, expenses and payments incurred in connection with such action, and in the case of a tender offer shall include all costs, fees, expenses and payments incurred in connection with a tender offer that are, in the aggregate, in excess of the outstanding principal amount and accrued interest of the Grace-Conn. Public Debt so acquired; plus (ii) any costs associated with terminating or re-negotiating any related interest rate swap agreements with respect to the amount of Grace-Conn. Public Debt acquired, defeased or retired; and plus (iii) the costs of the letter of credit described above.
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Debt Costs as defined in Section 2.06(b) hereof.
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Debt Costs shall have the meaning set forth in Section 8.2.
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Examples of Debt Costs in a sentence

  • Notwithstanding the foregoing, payments of Debt Service and Debt Costs and Reserves shall be paid by Tenant to the Facility Mortgagee at least one (1) Business Day prior to the date due under the Facility Mortgage.

  • Until further written Notice from Landlord, Landlord hereby directs Tenant to pay directly to the Facility Mortgagee or its designee all Debt Service and Debt Costs and Reserves due under the Facility Mortgage and Landlord shall use commercially reasonable efforts to cause the Facility Mortgagee to send all invoices therefor directly to Tenant.

  • In no event shall any reduction in the Electricity Fee be such as to result in the Electricity Fee less the Approved Operating Costs for the relevant period being insufficient to enable the Joint Venture to pay its entire US$ Senior Debt Costs and any other financing costs for the relevant period.

  • In the event that the Final DK Group Internal Debt Costs are less than the Estimated DK Group Internal Debt Costs, Purchaser agrees to indemnify and hold Seller harmless from such shortfall and, in connection therewith, shall pay the entirety of such shortfall amount to Seller within ten (10) days following the later of (A) the date on which the Parties agree to the amount of the Final DK Group Internal Debt Costs or (B) the resolution of the matter by the Selected Accountant, if applicable.

  • The ratio of PBIT to Total Debt Costs for the period of 12 months ending on the last day of each month during the Facility Period shall not be less than 3:1.

  • Purchaser shall deliver to Seller a schedule of the Final DK Group Internal Debt Costs no later than twelve (12) months following the Closing Date and Purchaser shall provide Seller all information necessary to verify and confirm the Final DK Group Internal Debt Costs.

  • For purposes hereof, the “Estimated Common Equity Value” means an amount equal to (i) Enterprise Value, plus (ii) Estimated Closing Cash, plus (iii) Estimated Shared Incremental Interest Costs, minus (iv) Estimated Closing Indebtedness, minus (v) Estimated Company Transaction Expenses, minus (vi) Estimated Excess Debt Costs, minus (vii) minority interests set forth on the Company’s month-end balance sheet most recently available prior to the Closing Date minus (viii) the Series A Equity Value Increase.


More Definitions of Debt Costs

Debt Costs means the costs incurred by Grace or Grace-Conn. in connection with a tender offer, defeasance, retirement or other acquisition of Grace-Conn. Public Debt, which costs shall consist of (i) any incremental costs, fees, expenses and payments incurred in connection with such action, and in the case of a tender offer shall include all costs, fees, expenses and payments incurred in connection with a ten- der offer that are, in the aggregate, in excess of the out- standing principal amount and accrued interest of the Grace- Conn. Public Debt so acquired; plus (ii) any costs associated with terminating or re-negotiating any related interest rate swap agreements with respect to the amount of Grace-Conn. Pub- lic Debt acquired, defeased or retired; and plus (iii) the costs of the letter of credit described above.
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