Interim Financing definition

Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Interim Financing means any funds, whether provided by an existing or new creditor, that is reasonably and immediately necessary for the debtor's business to continue operating or to survive, or to preserve or enhance the value of that business pending the confirmation of a restructuring plan;

Interim Financing means a debt necessary to finance a project temporarily until permanent financing is obtained.

Examples of Interim Financing in a sentence

• Reimbursement of county costs from State Financing shall be limited to those costs permitted under Article 1(A) of Exhibit A and/or specifically identified in Exhibit B as “Eligible State Costs” provided, however, the State’s obligations to reimburse Participating County for any State Financing is contingent on (1) the availability of Interim Financing and (2) even if Interim Financing is provided, the successful sale of bonds sufficient to cover all remaining Eligible State Costs.

• The Borrower will not, and will not permit its Subsidiaries to, directly or indirectly, incur any Indebtedness other than Permitted Indebtedness (so long as, in the case of Permitted Interim Financing, the Net Debt Proceeds thereof are applied as required by Section 2.7) and the Borrower will not issue any Disqualified Stock or permit any of its Subsidiaries to issue any Disqualified Stock.

• The Interim Financing Order (and, following the expiration of the Interim Financing Period defined therein, the Permanent Financing Order) has been duly entered, is valid, subsisting and continuing and has not been vacated, modified, reversed on appeal, or vacated or modified by any order of the Bankruptcy Court (other than as consented to by Agent) and is not subject to any pending appeal or stay.

• In the event of any inconsistency between the provisions of this Agreement and the Interim Financing Order (and, when applicable, the Final Financing Order), the provisions of Interim Financing Order (and, when applicable, the Final Financing Order) shall govern.

• Borrower will use its best efforts to cause the Permanent Financing Order to be entered by the Bankruptcy Court on or before twenty (20) days after the date of entry of the Interim Financing Order.

More Definitions of Interim Financing

Interim Financing means a debt necessary to tempo- rarily finance a project until permanent financing can be obtained from the clean water fund program.

Interim Financing means the issuance of Bond Anticipation Notes as approved by the City Council's adoption of water utility revenue bond ordinances.

Interim Financing means a debt necessary to tempo- rarily finance a project until permanent financing is obtained.

Interim Financing means a debt incurred by a munici- pality to temporarily finance a scored project until permanent financing is obtained from the CWFP.

Interim Financing means the installment purchase transaction to be entered into in anticipation of the Permanent Financing, all for the purposes of refinancing or financing the Project, and consisting of the issuance of the Interim Bond.

Interim Financing as used in the Agreement shall include segment 1 above.

Interim Financing means an interim financing entered into by EFSF to fund a Financial Assistance in accordance with Clause 3(6)(e) by way of issuing or entering into Funding Instruments on an interim basis such as short term debt instruments, treasury lines, including any roll over, renewal or re-financing of such financings on an interim basis, which financings may be re-financed by one or more Definitive Financings. For the avoidance of doubt, the term "Interim Financing" shall also include a re-financing of a Definitive Financing of the whole or part of a Financial Assistance by way of such financings on an interim basis pending a re-financing of the whole or part of such Financial Assistance by way of Definitive Financings.