Notes Debt definition
Examples of Notes Debt in a sentence
Upon full payment and satisfaction of Borrower's Liabilities with respect to the Notes Debt or Bond Loan, as the case may be, and the termination of all obligations of the applicable Beneficiary under its respective Loan Agreement, such Beneficiary shall issue to Grantor an appropriate release or satisfaction in recordable form.
Grantor shall pay the Notes Debt and Bond Loan when due under the terms of the applicable Debt Instruments and shall perform, observe and comply with or cause to be performed, observed and complied with, in a complete and timely manner, all of the provisions hereof.
The Lead Borrower may at any time after the Restatement Date designate any Restricted Subsidiary to be an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately after giving effect to such designation, the Availability shall not be less than 15% of the Line Cap and (ii) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of the Senior Notes Debt or the Term Loan Debt.
Result Points Possible Points Earned 50 30 0 0 Measure 2d Debt Service Coverage Ratio Notes Debt Service Coverage Ratio: (Net Income + Depreciation + Interest Expense)/(Annual Principal, Interest, and Lease Payments) Meets Standard: Debt Service Coverage Ratio is equal to or exceeds 1.1 Does Not Meet: Debt Service Coverage Ratio is less than 1.1 Due to the Reinstatement of Pension Liability, as required by GASB 68, Net Position may be higher than expected.
Any Additional Notes Debt shall automatically become Locked-Up Notes Debt.