External Financing definition

External Financing means the financing provided to members of the Group under the External Financing Documents;

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External Financing means the external debt financing for the Vessels to be negotiated by the New Buyers.

External Financing means the HK$2,852,800,000 term loan facilities made available to the Project Company pursuant to the Bridge Facilities Agreement or any external refinancing of the same;

Examples of External Financing in a sentence

• For the avoidance of doubt, it is the understanding of the Parties that the Parties shall not be obliged to provide any guarantee, undertaking, indemnity or other security for any External Financing; and (iii) in consideration of the Management Services to be provided by the Vender under the Management Agreement, the Vendor shall be entitled to 30 per cent of the consolidated profit before tax of the Company throughout the duration of the Mangement Agreement.

• Debtor possesses all requisite power and authority to execute and deliver this Agreement and to grant to Secured Party a valid security interest in the Collateral as provided in this Agreement.

• The intention of the Parties hereto is that the Vessels shall be refinanced by External Financing upon delivery of the Vessels from the Builder, or as soon as commercially viable thereafter.

• Members with childcare issues may apply to utilize Families First Coronavirus Relief Act (FFCRA) leave.

• The Company and the Lender agree that the indebtedness represented by this Note, and the payment of principal and interest hereunder, are subordinate and subject in right of payment to the prior payment in full of all indebtedness and interest thereon of the Company incurred in connection with any External Financing (as defined in Section 8(b) of the Second Amended Stockholders Agreement).

• The Borrower shall maintain the Foreign Investment and Loan Office at SEdC and the External Financing Office at CAS with functions and responsibilities acceptable to the Association, for the purposes of the management of Project implementation.

• External Financing for the JV Company shall be procured using the JV Company’s assets as security, if necessary, and, wherever possible, without any additional security or guarantee being provided by the Parties.

• Save as provided herein, SHSPL, Evia, HL and CNH will not be required to provide any security of any nature in respect of the External Financing.

• For the avoidance of doubt, in no event shall the Company be entitled to specific performance to cause Parent and/or Merger Sub to cause the Equity Financing to be funded and/or to effect the Closing in accordance with Section 1.02 if the External Financing (or, if applicable, Alternative Financing) has not been funded (or will not be funded at the Closing even if the Equity Financing is funded at the Closing).

• The determination of whether the terms of the External Financing meet the foregoing conditions shall be made by a majority vote of the Board of Directors of the Company.

More Definitions of External Financing

External Financing has the meaning given to it in Clause 4.3(a)(i);

External Financing means any additional financing by any institution other than the Association for the Project.

External Financing shall have the meaning as set out in the Schedule.

External Financing means the proceeds of any debt or equity financing obtained by the Company from third parties (other than Affiliates), less expenses incurred in obtaining such debt or equity financing but only to the extent such Net Proceeds are obtained based solely upon the assets of OPENCLOSE through the sale of debt or equity in the OPENCLOSE Division. However, the Net Proceeds of any External Financing of OPENCLOSE shall be paid first to the Company in return of its capital investment in OPENCLOSE up to $1,500,000. Thereafter, a percentage of the Net Proceeds of any External Financing of OPENCLOSE shall be paid to the Executive equal to the VI. [As an example: suppose the Company has invested Two Million Dollars ($2,000,000) in OPENCLOSE and the net proceeds of any External Financing of OPENCLOSE is Three Million Dollars ($3,000,000) and the VI is ten percent (10%). The first Five Hundred Thousand Dollars ($500,000) will be used to repay the Company's investment and the remainder shall be split ten percent (10%) to Executive and ninety percent (90%) to the Company. The same shall apply upon the independent sale of the OPENCLOSE Division should it occur, provided, however, that after the sale of the OPENCLOSE Newco to an entity not controlled by the Company, the Executive shall have no further VI in the Net Profits or External Financing of the OPENCLOSE Newco.] Contemporaneously with any payments made hereunder, the Company shall provide Executive with a schedule showing the calculations made in connection herewith, in reasonable detail, and shall allow Executive and his representatives access to the underlying detail to verify the calculations, provided such representatives agree to be bound by a customary nondisclosure agreement as provided by the Company.

External Financing or “Financing” shall include and mean the financing contemplated by the External Financing Commitments or Fee Letter as so amended, supplemented, modified, waived, extended or replaced, as applicable.

External Financing means a letter of commitment approved by the relevant third party bank’s credit committee which commits it to provide funding to the Company (with no recourse against Parent) on the following basis and subject to customary banking conditions being met: