Excess Financing definition

Excess Financing means at any time, the amount by which the Net Debit Balance exceeds the Covered Amount.
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Excess Financing means any form of debt financing or convertible debt, royalty financings, streaming or prepayment for supply of goods akin to a debt financing, raised by the Borrower at any time during the term of this Agreement which exceeds the aggregate value of the permitted State Bank Financing Limit, the Prepayment Financing Limit and the Additional Project Debt Limit.
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Excess Financing has the meaning set forth in Section 3.4(b).
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Examples of Excess Financing in a sentence

  • At any time, the Excess Financing amount is due and repayable by Client On Demand to Pershing.

  • In connection with the exercise of conversion rights relating to the Preferred Shares, the Buyer or any subsequent holder of the Preferred Shares shall complete, sign and furnish to the Transfer Agent a Notice of Conversion of Series A Convertible Preferred Stock in the form attached hereto as ANNEX VI (a "Conversion Notice") and shall provide a copy thereof to the Company, which actions shall be deemed to satisfy all requirements of the Certificate of Designations.

  • The Company shall deliver written notice to such Fully Participating Members indicating the amount of Excess Financing available, and the Fully Participating Members shall have five (5) Business Days to participate in such Excess Financing by delivering a Subscription Notice to the Company prior to the expiration of such five (5) Business Day period.

  • The Fully Participating Members shall be entitled to purchase or fund their Class A Pro Rata Share of such Excess Financing, as well as any Excess Financing not subscribed for by the other Fully Participating Members (which will also be allocated on a pro rata basis).

  • Until all Financing Agreement Obligations (other than Excess Financing Obligations) have been paid in full, the Collateral Agent will without demand or request being made upon it deliver any parts or proceeds, including insurance proceeds of the Financing Agreement Collateral which shall come into its possession, control or custody to the Financing Agent for application as set forth in Section 18.

  • Each of the Funding Agreements shall be in full force and effect and the Financing shall have been completed in accordance with the terms thereof and Merger Partner shall have received the proceeds therefrom; provided, that for the avoidance of doubt, it shall not be a condition to closing that any Excess Financing Shares be issued.

  • Notwithstanding the provisions of Section 10.2(b), but subject to the terms of the Bond Documents and any Requisite Approvals, any Excess Financing Proceeds shall be distributed to the General Partner after review of the project sources and uses by the Special Limited Partner and its acknowledgement that the calculation of Excess Financing Proceeds complies with the terms of this Agreement.

  • The Company shall prepay this Note in an ---------------------- amount equal to the Holder's Pro Rata Share of all Excess Financing Proceeds, promptly after the receipt by the Company, from time to time of such Excess Financing Proceeds or the occurrence of an event resulting in the existence of Excess Financing Proceeds.

  • Such excess is referred to herein as the “Excess Financing Costs.” If Lessor reasonably believes there to be Excess Financing Costs during a Lease Year, Lessor shall deliver written notice to Lessee estimating the amount of the Excess Financing Costs and the monthly increase in the Base Rent to pay such Excess Financing Costs over such Lease Year.

  • Subject to Section 2.2, each share of Merger Partner Common Stock (including any shares of Merger Partner Common Stock issued in the Financing, including any Excess Financing Shares) (other than shares to be cancelled in accordance with Section 2.1(b) and any Dissenting Shares) shall be automatically converted into the right to receive a number of shares of common stock, par value $0.001 per share, of Public Company (“Public Company Common Stock”) equal to the Exchange Ratio.


More Definitions of Excess Financing

Excess Financing means any amount by which the principal of the New Financing is increased in order to satisfy Existing Indebtedness in an amount greater than $45,000,000 as a result of the fluctuating yen, as such a situation will affect the payoff under the Existing Financing.
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Excess Financing shall have the meaning set forth on EXHIBIT 10-D.
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Related to Excess Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Qualified Securitization Facility means any Securitization Facility (1) constituting a securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (i) the Board of Directors of the Borrower shall have determined in good faith that such Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the Securitization Subsidiary, (ii) all sales of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) and (iii) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Borrower or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness hereunder and under any other Credit Agreement or any permitted additional Indebtedness with Pari Passu Lien Priority and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing.