Examples of Lease Debt in a sentence
Upon repayment of such new Lease Debt, or compliance with the terms thereof, the covenants set forth in Section 3.4 and Section 3.5 shall immediately and without further action terminate and be of no further force and effect.
The Owner Participant will cooperate with and assist the Facility Lessee in connection with any refinancing and/or assumption of the Lease Debt, so long as such refinancing and/or assumption of the Lease Debt is in accordance with the terms of the Operative Documents and the FILOT Lease.
The life of this disclosure relative to this project is done for now*…project funding released!NU COIDisclosure1.
Modified Lease Debt is defined as eight times the Group’s lease cash flow commitment under existing lease contracts for a 12 month period.
Debt (continued) Scheduled principal payments on all debt are as follows (in thousands): Capital Lease Debt Obligations 2014$ 32,162$ 4720158,2274720164,657820175,646–20183,323–Thereafter 23,905 – $ 77,920102Less: interest (7)Total capital lease obligation $ 95 Cash paid for interest for the years ended September 30, 2013 and 2012, approximated$1.7 million and $2.7 million, respectively.