Debt Financing Costs definition
Examples of Debt Financing Costs in a sentence
The parties have entered into this Agreement in order to set forth the conditions upon which, and the manner in which, funds will be disbursed in order to permit the Company to design, develop, construct, equip and operate the Facility and to pay certain Debt Financing Costs when due and payable under the Notes.
References to “days” shall mean calendar days, unless the term “Business Days” shall be used, except that any deadline to perform an obligation that falls on a day other than a Business Day shall be deemed extended until the next succeeding Business Day, other than the payment by any Loan Party of Debt Financing Costs, which shall be payable on the preceding Business Day.
The parties have entered into this Agreement in order to set forth the conditions upon which, and the manner in which, funds will be disbursed in order to permit the Company to design, renovate and equip the Resort, complete the Hooters Renovation and to pay certain Debt Financing Costs when due and payable under the Notes.
City agrees to reimburse Operator for the expense incurred as a result of the boundary adjustment from the CFC, subject to availability of funds not designated for Debt Financing Costs, O&M Services and other committed obligations.
The proceeds of the Notes, minus certain Debt Financing Costs, have been deposited into certain collateral accounts pursuant to a Cash Collateral and Disbursement Agreement (the “Disbursement Agreement”) of even date with the Indenture among U.S. Bank National Association, as disbursement agent (the “Disbursement Agent”), the Trustee and the Issuers.
At Closing, the Company shall submit to SPG and WSP a statement detailing the amount of the Debt Financing Costs.
Consistent with the terms of the MOU and agreement between the parties, the RAC portion of the cost of the Parking Garage, including RAC Specific Costs, to be funded with CFCs is Seventeen Million Four Hundred Thirty Nine Thousand Five Hundred Seventy Eight Dollars Sixteen Cents ($17,439,578.16), plus Debt Financing Costs (hereinafter referred to as “RAC Share”).
If for any reason the CFC revenues are insufficient to cover all RAC costs identified in this Article to be paid from CFCs, then any deficiencies in the Debt Financing Costs for the Parking Garage and/or the costs for the O&M Services allocable to the RAC portion of the Parking Garage shall be drawn from the CFC fund held by the City.
Furthermore, for purposes of clarification, in no event shall any Holding Accounts (or amounts distributed from the Holding Accounts for the payment of Debt Financing Costs or other Building Loan Costs or otherwise) be held, maintained, received or otherwise controlled by the Borrower.
The parties have entered into this Agreement in order to set forth (i) the conditions upon which, and the manner in which, funds will be deposited into and disbursed from the Accounts (as defined below) to pay Building Loan Costs, including Debt Financing Costs (as defined below), and certain other costs and expenses of the Company, and (ii) certain representations, warranties and covenants of the Borrower.