Debt Due definition

Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date:

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Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date: i. The principal amount of the debt provided by the Senior Lenders under the Financing Agreements for financing the Total Project Cost (the ‘Principal’) but excluding any part of the principal that had fallen due for repayment 2 (two) years prior to the Transfer Date; ii. All accrued interest, financing fees and charges payable under the Financing Agreements on, or in respect of, the debt referred to in sub-clause (i) above until the Transfer Date but excluding: (i) any interest, fees or charges that had fallen due one year prior to the Transfer Date, (ii) any penal interest or charges payable under the Financing Agreements to any Senior Lender, (iii) any pre-payment charges in relation to accelerated repayment of debt except where such charges have arisen due to Utility Default, and (iv) any Subordinated Debt which is included in the Financial Package and disbursed by lenders for financing the Total Project Cost. Provided that if all or any part of the Debt Due is convertible into Equity at the option of Senior Lenders and/or the Concessionaire, it shall for the purposes of this Agreement be deemed not to be Debt Due even if no such conversion has taken place and the principal thereof shall be dealt with as if such conversion had been undertaken. Provided further that the Debt Due, on or after COD, shall in no case exceed 80% (eighty percent) of the Total Project Cost.”

Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding and payable to the Senior Lender under the Financing Documents: -

Examples of Debt Due in a sentence

• However, in the event the lenders are unable to substitute the defaulting WPD within the stipulated period, SECI may terminate the PPA and the Buying Entity may acquire the Project assets for an amount equivalent to 90% of the Debt Due or less as mutually agreed, failing which, the lenders may exercise their mortgage rights and liquidate the Project assets.

• For avoidance of doubt, it is agreed that within a period of 60 (sixty) days from COD of Phase II, the Concessionaire shall notify to the Authority, the Total Project Cost and its disaggregation between Debt Due and Equity, and only the amounts so conveyed shall form the basis of computing Termination Payment, and it is further agreed that in the event such disaggregation is not notified to the Authority, Equity shall be deemed to be the amount arrived at by subtracting Debt Due from Total Project Cost.

• By way of illustration, the Parties agree that if the total expenditure incurred prior to termination is 90% (ninety percent) of the Total Project Cost, the expenditure eligible for computation of Termination Payment hereunder shall be 60% (sixty percent) of the Total Project Cost and the Termination Payment due and payable in such event shall not exceed 54% (fifty four percent) of the Total Project Cost or 90% of the Debt Due.

More Definitions of Debt Due

Debt Due means the aggregate of the following sums representing the amounts advanced by the Senior Lenders towards Total Project Cost, expressed in Indian rupees as may be outstanding and payable to the Senior Lenders under the Financing Documents on the Transfer Date:

Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the date of Termination Notice: (a) the principal amount of the debt provided by the Lenders under the Financing Agreements for financing the Project (the “Principal”) but excluding any part of the Principal that had fallen due for repayment 2 (two) years prior to the date of Termination Notice; (b) all accrued interest, financing fees and charges payable under the Financing Agreements on, or in respect of the debt until the date of Termination Notice but excluding (i) any interest, fees or charges that had fallen due one year prior to the date of Termination Notice;

Debt Due means the principal amount of the debt expressed in INR remaining outstanding on the date of issuance of the “Termination Notice” / “Takeover Notice” out of the total debt provided by the lenders as reported by the Power Producer at the time of the Financial Closure

Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date: (a.) the principal amount of the debt provided by Lenders under the Financing Agreements for financing the Total Project Cost (the “principal”) but excluding any part of the principal that had fallen due for repayment six

Debt Due means an amount that is the aggregate of the following sums expressed in Indian Rupees outstanding on the Expiry Date:

Debt Due means the aggregate of the following sums expressed in Rupees outstanding and payable to the Lenders under the Financing Documents:

Debt Due shall be as defined at Article 10.3.2