Examples of JV Indebtedness in a sentence
The European J.V. will not permit the ratio at the end of any fiscal quarter of (a) Consolidated Net J.V. Indebtedness at such date to (b) Consolidated European J.V. EBITDA for the period of four consecutive fiscal quarters ended at such date, to be greater than 3.00 to 1.00.
Upon the repayment in full of the Existing JV Indebtedness, the Borrower shall (i) create a newly-formed domestic wholly-owned Subsidiary, (ii) use reasonable best efforts to obtain consent to grant a first-priority pledge of 100% of the Equity Interests in such newly created Subsidiary to the Collateral Agent to secure the Obligations and (iii) transfer all Equity Interests held by the Borrower and identified in Schedule 6.13(f) to such newly created Subsidiary.
If the decision maker decides that the scholastic record should not be amended, the decision maker will provide the parent or eligible student a written decision setting forth the reasons for the decision and notice of the parent or eligible student’s right to place a statement in the scholastic record commenting on the contested information and/or stating why he or she disagrees with the hearing decision.
Seller will use its commercially reasonable efforts and cooperate with Purchaser to cause the holders of the Assumed Indebtedness, JV Indebtedness and PPM Indebtedness to permit the assumption thereof by Purchaser as contemplated by this Agreement or consent to the Transfers as applicable (including taking subject to such Indebtedness).
Vote its equity interests in the Laurel Mountain JV to enable the Laurel Mountain JV to, or otherwise permit the Laurel Mountain JV to, incur, assume or otherwise be liable in respect of any Indebtedness (other than Permitted Laurel Mountain JV Indebtedness) at any time outstanding.
Seller will cooperate with Purchaser in requesting from the applicable lender of any Assumed Indebtedness, JV Indebtedness and PPM Indebtedness the modifications to the Assumed Indebtedness set forth on Schedule 6.4-1 but failure to obtain such modifications shall not be a condition to Closing or to the assumption of the Assumed Indebtedness by Purchaser.
The Partnerships own directly or indirectly 100% of the interests in the subsidiaries that own any of the Partnership Properties or JV Properties, free and clear of all Liens other than as set forth on Schedule 4.4(a) (any of such Liens shall be released at or prior to the Closing) and Liens arising pursuant to the Assumed Indebtedness, JV Indebtedness and PPM Indebtedness and the organizational documents of the relevant subsidiary and Permitted Encumbrances.
The Purchase Price is payable at Closing by (i) Purchaser paying in cash an amount equal to the Purchase Price, less 100% of the principal amount outstanding of the Assumed Indebtedness and PPM Indebtedness as of the Closing Date, and (ii) Purchaser assuming or taking the Purchased Assets subject to the Assumed Indebtedness, the JV Indebtedness and the PPM Indebtedness.
The European J.V. will not permit the ratio at the end of any fiscal quarter of (a) Consolidated Net J.V. Indebtedness at such date to (b) Consolidated European J.V. EBITDA for the period of four consecutive fiscal quarters ended at such date, to be greater than 2.75 to 1.00.
JV Indebtedness and PPM Indebtedness................................................