DGI Loans definition

DGI Loans means, collectively, the intercompany loans made by DGI to the Mortgagors (other than the Borrower) from the proceeds of the initial Loans under the Related Revolving Credit Facilities in an aggregate principal amount not to exceed $320,000,000 for the purpose of providing funds for refinancing and replacing the outstanding Indebtedness under the Existing Synthetic Leases encumbering the Mortgaged Properties, which intercompany loans (i) provide by their terms that (x) no principal payments on such intercompany loans are to be made during any time that any Obligations remain outstanding, or any Commitments remain in effect, under either of the Related Revolving Credit Facilities without the prior written consent of the Required Lenders, (y) the principal amounts of such intercompany loans shall be deemed paid and satisfied, on a dollar-for-dollar basis, in an amount equal to any payments of principal amounts of the Obligations outstanding under either of the Related Revolving Credit Facilities made by the respective Mortgagors pursuant to the requirements of any Guarantees given by such Mortgagors in respect of such Obligations, and (z) payment of such intercompany loans are subordinated to the prior payment in full of all Obligations of the Mortgagors under their respective Guarantees given in respect of the Obligations under the Related Revolving Credit Facilities, on terms and conditions satisfactory to the Administrative Agent, and (ii) shall otherwise be on terms and conditions satisfactory to the Administrative Agent.
View Source
DGI Loans means, collectively, the intercompany loans made by DGI to certain Subsidiaries of the Borrower not to exceed an aggregate principal amount of $325,000,000.
View Source

Examples of DGI Loans in a sentence

  • Without limiting the foregoing, the Borrower shall not permit DGI to engage in any business or activities other than (i) funding and collecting the DGI Loans in accordance with their respective terms, and (ii) purchasing any real and/or personal property having an aggregate purchase price not to exceed $5,000,000, and leasing such property on a net lease basis to the Borrower or any other Subsidiary.

  • The Borrower will use ------------------------------------- the proceeds of all Loans advanced on the Closing Date in the aggregate principal amount of $288,000,000 to fund, directly or through capital contributions made by the Borrower to DGI and DGI's use of such capital contributions to fund the DGI Loans, the refinancing and replacement of a portion of the existing Indebtedness under the Existing Synthetic Leases.