Project Finance Debt definition

Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is (A) not recourse to the Borrower other than with respect to Liens granted by the Borrower on direct or indirect equity interests in such Subsidiary to secure such Debt and limited Guaranties of, or equity commitments with respect to, such Debt by the Borrower, which Liens, limited Guaranties and equity commitments are of a type consistent with other limited recourse project financings, and other than customary contractual carve-outs to the non-recourse nature of such Debt consistent with other limited recourse project financings, and (B) incurred in connection with the acquisition, development, construction or improvement of any project, single purpose or other fixed assets of such Subsidiary, including Debt assumed in connection with the acquisition of such assets, or (ii) that represents an extension, renewal, replacement or refinancing of the foregoing, provided that, in the case of a replacement or refinancing, the principal amount of such new Debt shall not exceed the principal amount of the Debt being replaced or refinanced plus 10% of such principal amount.

Project Finance Debt means Financial Indebtedness of Project Companies either:

Project Finance Debt means Debt of any Person that is non-recourse to such Person (unless such Person is a special-purpose entity) and each Affiliate of such Person, other than with respect to the interest of the holder of such Debt in the collateral, if any, securing such Debt.

Examples of Project Finance Debt in a sentence

• However, should Interested Parties have any questions regarding the Tender Process or other related matters, they are entitled to send detailed requests for clarification to the following contact persons (the Contact Persons): Mr Spyros Venetsianos Senior BankerHead of Project Finance Debt Capital Markets Eurobank Ergasias S.A. Othonos 810557 Athens, Greece Svenetsianos@eurobank.grMr Theodoros Giatrakos Vice PresidentCitigroup Global Markets Ltd.

• AcknowledgmentsThe preparation of the report requires the efforts of individualsthroughout TxDOT, including the dedicated efforts of the management and staff of the TxDOT's Financial Reports Section and other sections of the Financial Management Division, the Toll Operations Division, and the Project, Finance, Debt and Strategic Contracts Division.

• Collective disputes can further be divided into two sub-categories: rights disputes and interests’ disputes.

• This reflects the fact that the USD is a more widely recognised currency for the mining sector in which the Group operates and that its Project Finance Debt Package, offtake agreements and mining services contract are denominated in USD.

• This is on the basis that the USD is a more widely recognised currency for the mining sector in which the Group operates and that its Project Finance Debt Package, offtake agreements and mining services contract are denominated in USD.

More Definitions of Project Finance Debt

Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is

Project Finance Debt means Debt of any Person that is non-recourse to such Person (unless such Person is a special-purpose entity) and any Affiliate of such Person, other than with respect to the interest of the holder of such Debt in the collateral, if any, securing such Debt.

Project Finance Debt means any indebtedness incurred in relation to any asset solely for purposes of financing the whole or any part of the acquisition, creation, construction, improvement or development of such asset where the financial institutions to whom such indebtedness is owed have recourse solely to the applicable project borrower (where such project borrower is formed solely or principally for the purpose of the relevant project) and/or to such asset (or any derivative asset thereto) or any other similar non-recourse indebtedness which is properly regarded as project finance debt;

Project Finance Debt means Debt (not exceeding the cost of the acquisition, construction or creation of the relevant Asset or project) incurred or existing in connection with the financing or refinancing of any Asset or project, the repayment of which Debt is to be made from the revenues arising out of, or other proceeds of realization from, the acquired or created Asset or project, with recourse to those revenues and proceeds and Assets forming the subject matter of such Asset or project (including, without limitation, insurance, contracts and shares or other rights of ownership in the entity(ies) which own the relevant Assets or project) and other Assets ancillary thereto but without substantial recourse to any other Asset or otherwise to Borrower; provided that substantial recourse shall not be deemed to exist by reason of normal and customary sponsor support arrangements.

Project Finance Debt means, with respect to any Restricted Subsidiary, Debt (other than Debt under the Facility, the Corporate Revolver or the GoM Term Loan) of such Restricted Subsidiary that is or was Incurred after the Issue Date to provide funds for all or any part of the cost of exploration, drilling, development, production or operation of or from any interests in oil, gas and other hydrocarbon and mineral properties of such Restricted Subsidiary; provided that:

Project Finance Debt means, any Debt of a Person that is incurred for the purpose of financing the development, construction, acquisition or improvement of operating or capital assets (the “Project”) which is either (i) non-recourse to such Person except with respect to such operating or capital assets (and revenues, proceeds and other customary ancillary assets) being financed in such Project or, (ii) if such Person is (A) a special purpose entity formed for the purpose of obtaining such financing and undertaking the ownership or operation of such Project or (B) an entity whose sole asset is the direct or indirect ownership of Equity Interests in an entity described in clause (A), is limited in recourse primarily to such Persons and their assets, provided that Indebtedness shall not fail to be considered “Project Finance Debt” if the holders of such Project Finance Debt have (1) recourse to Equity Interests or other Investments in the entities described in clause (ii) above held by the Borrower or any of its Subsidiaries and (2) limited recourse to the Borrower or its Subsidiaries in the form of Performance Guarantees.

Project Finance Debt means any Relevant Indebtedness: