Headquarters Financing definition
Headquarters Financing means the financing transactions involving the Headquarters contemplated by the Loan Agreement, dated as of March 29, 2007, by and between Headquarters SPV and JPMorgan Chase Bank, N.A.
Headquarters Financing means any financing transaction principally secured by or involving a sale and leaseback of the Headquarters.
Headquarters Financing means Indebtedness in an original principal amount equal to not less than 70% of the appraised value of the Headquarters Facility secured solely by a Lien on the Headquarters Facility; provided that, subject to customary exceptions for non-recourse real estate financings, the holders of such Indebtedness shall have recourse solely to such security and no personal recourse may be had against Company or any of its Subsidiaries for the payment of the principal of or interest or premium on such Indebtedness.
Examples of Headquarters Financing in a sentence
No Loan Party shall create, incur, assume, or permit to exist any Lien on any property now owned or hereafter acquired by any of them, except (a) Permitted Liens, (b) Liens securing Capital Leases and purchase money Debt permitted in Section 7.13 and (c) any Lien incurred with respect to the Headquarters Financing Transaction, such Lien not to attach to any Collateral or to exceed 80% of the value of the Headquarters.
No Loan Party shall, directly or indirectly, enter into any arrangement with any Person providing for a Loan Party to lease or rent property that a Loan Party has sold or will sell or otherwise transfer to such Person, except with respect to the Headquarters Financing Transaction.
More Definitions of Headquarters Financing
Headquarters Financing means the financing transactions involving the Headquarters contemplated by the Loan Agreement, dated as of March 29, 2007, by and between Headquarters SPV and JPMorgan Chase Bank, N.A. “Headquarters SPV” means Sabre Headquarters, LLC, a Delaware limited liability company that is a single-purpose, bankruptcy remote wholly owned Subsidiary of the Borrower formed in connection with the Headquarters Financing. “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto, whether or not such Person subsequently ceases to be a Lender or an Affiliate of a Lender. “Holdings” has the meaning specified in the introductory paragraph to this Agreement. “Immaterial Subsidiary” means any Subsidiary other than a Material Subsidiary.
Headquarters Financing means any financing transaction principally secured by or involving a sale and leaseback of the Headquarters. “Headquarters SPV” means Sabre Headquarters, LLC, a Delaware limited liability company formed to hold the Headquarters and enter into any
Headquarters Financing means the financing transactions involving the Headquarters contemplated by the Loan Agreement, dated as of March 29, 2007, by and between Headquarters SPV and JPMorgan Chase Bank, N.A. “Headquarters SPV” means Sabre Headquarters, LLC, a Delaware limited liability company that is a single-purpose, bankruptcy remote wholly owned Subsidiary of the Borrower formed in connection with the Headquarters Financing. “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto, whether or not such Person subsequently ceases to be a Lender or an Affiliate of a Lender. “Holdings” has the meaning specified in the introductory paragraph to this Agreement. “Immaterial Subsidiary” means any Subsidiary other than a Material Subsidiary. “Incremental Cap” means: (a) (x) $500,000,000 less (y) the sum of the aggregate amount of all Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes that was incurred after the Third Incremental Amendment Effective Date in reliance on the foregoing clause (x), plus; (b) an additional amount to the extent that the Senior Secured First-Lien Net Leverage Ratio (treating all outstanding Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes as Senior Secured First-Lien Indebtedness solely for purposes of calculating such Senior Secured First-Lien Net Leverage Ratio even if such Indebtedness would not otherwise constitute Senior Secured First-Lien Indebtedness) on a Pro Forma Basis after giving effect to the incurrence of any proposed Incremental Revolving Credit Facilities, Incremental Term Facilities or Additional Notes, as applicable, and any related transactions (treating any proposed Incremental Revolving Credit Facilities and Additional Notes that are “revolving” in nature as fully drawn, but not including the proceeds of any proposed Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes, as applicable, in the amount of cash to be netted in calculating such ratio but without giving effect to any simultaneous incurrence of any Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes made pursuant to the foregoing clause (a)) would be less than or equal to 4.0:1.0 as of the end of the most recently ended Test Period; provided that such Indebtedness may be incurred under both clauses (a) and (b) above, and...