{"component": "definition", "props": {"groups": [{"snippet": "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.", "samples": [{"hash": "lRBDjHyXwbb", "uri": "/contracts/lRBDjHyXwbb#project-finance-debt", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "haJtMgFARbS", "uri": "/contracts/haJtMgFARbS#project-finance-debt", "label": "364 Day Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "f0WjwIjr9mf", "uri": "/contracts/f0WjwIjr9mf#project-finance-debt", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}], "snippet_links": [{"key": "debt-of", "type": "definition", "offset": [6, 13]}, {"key": "of-the-borrower", "type": "clause", "offset": [29, 44]}, {"key": "to-the-borrower", "type": "clause", "offset": [74, 89]}, {"key": "with-respect-to", "type": "clause", "offset": [101, 116]}, {"key": "by-the-borrower", "type": "clause", "offset": [131, 146]}, {"key": "indirect-equity-interests", "type": "definition", "offset": [160, 185]}, {"key": "to-secure", "type": "clause", "offset": [205, 214]}, {"key": "limited-guaranties", "type": "clause", "offset": [229, 247]}, {"key": "equity-commitments", "type": "definition", "offset": [255, 273]}, {"key": "consistent-with", "type": "clause", "offset": [387, 402]}, {"key": "limited-recourse", "type": "definition", "offset": [409, 425]}, {"key": "project-financings", "type": "definition", "offset": [426, 444]}, {"key": "the-non", "type": "clause", "offset": [497, 504]}, {"key": "nature-of", "type": "clause", "offset": [514, 523]}, {"key": "in-connection-with", "type": "clause", "offset": [610, 628]}, {"key": "the-acquisition", "type": "clause", "offset": [629, 644]}, {"key": "construction-or-improvement", "type": "definition", "offset": [659, 686]}, {"key": "single-purpose", "type": "clause", "offset": [703, 717]}, {"key": "other-fixed-assets", "type": "clause", "offset": [721, 739]}, {"key": "the-foregoing", "type": "definition", "offset": [911, 924]}, {"key": "provided-that", "type": "definition", "offset": [926, 939]}, {"key": "in-the-case", "type": "clause", "offset": [941, 952]}, {"key": "the-principal-amount", "type": "definition", "offset": [986, 1006]}, {"key": "new-debt", "type": "definition", "offset": [1015, 1023]}, {"key": "principal-amount-of-the-debt", "type": "definition", "offset": [1045, 1073]}], "size": 47, "hash": "25a711cef15c295393d89a13ace0cb74", "id": 1}, {"snippet": "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.", "samples": [{"hash": "5UL3PG2d78u", "uri": "/contracts/5UL3PG2d78u#project-finance-debt", "label": "Revolving Credit Agreement (Consumers Energy Co)", "score": 36.8877487183, "published": true}, {"hash": "7TMGCQw0AE7", "uri": "/contracts/7TMGCQw0AE7#project-finance-debt", "label": "Term Loan Credit Agreement (CMS Energy Corp)", "score": 29.988363266, "published": true}, {"hash": "ixvKZUBEvyt", "uri": "/contracts/ixvKZUBEvyt#project-finance-debt", "label": "Revolving Credit Agreement (Consumers Energy Co)", "score": 29.4243659973, "published": true}], "snippet_links": [{"key": "debt-of", "type": "definition", "offset": [6, 13]}, {"key": "any-person", "type": "clause", "offset": [14, 24]}, {"key": "purpose-entity", "type": "definition", "offset": [94, 108]}, {"key": "affiliate-of", "type": "definition", "offset": [119, 131]}, {"key": "with-respect-to", "type": "clause", "offset": [156, 171]}, {"key": "the-interest", "type": "definition", "offset": [172, 184]}, {"key": "the-holder", "type": "clause", "offset": [188, 198]}, {"key": "the-collateral", "type": "clause", "offset": [215, 229]}], "size": 22, "hash": "379132146ab81c2fe9bcfc45b76fc988", "id": 2}, {"snippet": "means Debt of any Subsidiary of the Borrower (i) that is", "samples": [{"hash": "ixjdpjcAhRA", "uri": "/contracts/ixjdpjcAhRA#project-finance-debt", "label": "Credit Agreement (Midamerican Energy Co)", "score": 34.5961685181, "published": true}, {"hash": "a55tuHBnTy8", "uri": "/contracts/a55tuHBnTy8#project-finance-debt", "label": "Credit Agreement (Midamerican Energy Co)", "score": 34.5961685181, "published": true}, {"hash": "a0jc3CE9rbZ", "uri": "/contracts/a0jc3CE9rbZ#project-finance-debt", "label": "Credit Agreement (Midamerican Energy Co)", "score": 34.5961685181, "published": true}], "snippet_links": [{"key": "debt-of", "type": "definition", "offset": [6, 13]}, {"key": "of-the-borrower", "type": "clause", "offset": [29, 44]}], "size": 19, "hash": "b14c604e87dd3e83f17406af5d3039ce", "id": 3}, {"snippet": "means any indebtedness incurred in relation to any asset solely for the 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;", "samples": [{"hash": "6mtwEosprcB", "uri": "https://www.home.sandvik/contentassets/e1b5c0a1b0944171a86573c7842e83ba/001.-base-prospectus-2024.pdf", "label": "Term Note", "score": 23.568901062, "published": false}, {"hash": "bUX8ksmjsa0", "uri": "https://www.home.sandvik/contentassets/e1b5c0a1b0944171a86573c7842e83ba/sandvik-2022-base-prospectus.pdf", "label": "Term Note", "score": 21.4487190247, "published": false}, {"hash": "d8XQFVfhBaz", "uri": "https://alfa.home.sandvik/contentassets/e1b5c0a1b0944171a86573c7842e83ba/1.-sandvik-2023-base-prospectus.pdf", "label": "Term Note", "score": 15.9089660645, "published": false}], "snippet_links": [{"key": "indebtedness-incurred", "type": "clause", "offset": [10, 31]}, {"key": "in-relation-to", "type": "clause", "offset": [32, 46]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [64, 83]}, {"key": "of-the-acquisition", "type": "clause", "offset": [116, 134]}, {"key": "development-of", "type": "clause", "offset": [175, 189]}, {"key": "the-financial-institutions", "type": "clause", "offset": [207, 233]}, {"key": "project-borrower", "type": "definition", "offset": [307, 323]}, {"key": "the-relevant", "type": "clause", "offset": [404, 416]}, {"key": "derivative-asset", "type": "definition", "offset": [455, 471]}, {"key": "recourse-indebtedness", "type": "definition", "offset": [506, 527]}], "size": 15, "hash": "d235a142ebc3f93fe8e630f07e5fd574", "id": 4}, {"snippet": "means Financial Indebtedness of Project Companies either:", "samples": [{"hash": "dmT4mWfJnC8", "uri": "/contracts/dmT4mWfJnC8#project-finance-debt", "label": "Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)", "score": 21.0, "published": true}, {"hash": "c5gYGzsR7rY", "uri": "/contracts/c5gYGzsR7rY#project-finance-debt", "label": "Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)", "score": 21.0, "published": true}, {"hash": "bsLBN6BMx7y", "uri": "/contracts/bsLBN6BMx7y#project-finance-debt", "label": "Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)", "score": 21.0, "published": true}], "snippet_links": [{"key": "indebtedness-of", "type": "clause", "offset": [16, 31]}, {"key": "project-companies", "type": "definition", "offset": [32, 49]}], "size": 14, "hash": "6cacfc2e8a2d383426ed1c9ebdb7ea7c", "id": 5}, {"snippet": "means any Indebtedness incurred by:", "samples": [{"hash": "cbr9takMZex", "uri": "/contracts/cbr9takMZex#project-finance-debt", "label": "Fiscal Agency Agreement", "score": 33.1976661682, "published": true}, {"hash": "27fLMM91ogR", "uri": "/contracts/27fLMM91ogR#project-finance-debt", "label": "Fiscal Agency Agreement", "score": 32.5992431641, "published": true}, {"hash": "j8QTTKt6x8f", "uri": "/contracts/j8QTTKt6x8f#project-finance-debt", "label": "Fiscal Agency Agreement", "score": 31.5207195282, "published": true}], "snippet_links": [{"key": "indebtedness-incurred", "type": "clause", "offset": [10, 31]}], "size": 9, "hash": "2dadcc85ecc8d3236e5e41318cd2cbcb", "id": 6}, {"snippet": "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.", "samples": [{"hash": "fxaqEtGQpIp", "uri": "/contracts/fxaqEtGQpIp#project-finance-debt", "label": "Credit Agreement (Consumers Energy Co)", "score": 18.0, "published": true}, {"hash": "eHepIGr7KqW", "uri": "/contracts/eHepIGr7KqW#project-finance-debt", "label": "Credit Agreement (CMS Energy Corp)", "score": 18.0, "published": true}, {"hash": "dwPLlnolah6", "uri": "/contracts/dwPLlnolah6#project-finance-debt", "label": "Credit Agreement (CMS Energy Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "debt-of", "type": "definition", "offset": [6, 13]}, {"key": "any-person", "type": "clause", "offset": [14, 24]}, {"key": "purpose-entity", "type": "definition", "offset": [94, 108]}, {"key": "affiliate-of", "type": "definition", "offset": [118, 130]}, {"key": "with-respect-to", "type": "clause", "offset": [155, 170]}, {"key": "the-interest", "type": "definition", "offset": [171, 183]}, {"key": "the-holder", "type": "clause", "offset": [187, 197]}, {"key": "the-collateral", "type": "clause", "offset": [214, 228]}], "size": 9, "hash": "e91e69bf3cf29d61ef1a8374c3c88ec9", "id": 7}, {"snippet": "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.", "samples": [{"hash": "h26sclTepwj", "uri": "/contracts/h26sclTepwj#project-finance-debt", "label": "Credit Agreement (Mirant Corp)", "score": 18.0, "published": true}, {"hash": "fV9xT6NFEu3", "uri": "/contracts/fV9xT6NFEu3#project-finance-debt", "label": "Credit Agreement (Mirant Corp)", "score": 18.0, "published": true}, {"hash": "dN9H7nwSLWH", "uri": "/contracts/dN9H7nwSLWH#project-finance-debt", "label": "Credit Agreement (Mirant Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "of-the-acquisition", "type": "clause", "offset": [35, 53]}, {"key": "the-relevant", "type": "clause", "offset": [83, 95]}, {"key": "in-connection-with", "type": "clause", "offset": [135, 153]}, {"key": "financing-or-refinancing", "type": "clause", "offset": [158, 182]}, {"key": "repayment-of", "type": "clause", "offset": [212, 224]}, {"key": "arising-out-of", "type": "definition", "offset": [268, 282]}, {"key": "proceeds-of-realization", "type": "definition", "offset": [293, 316]}, {"key": "subject-matter", "type": "clause", "offset": [433, 447]}, {"key": "without-limitation", "type": "clause", "offset": [485, 503]}, {"key": "rights-of-ownership", "type": "clause", "offset": [546, 565]}, {"key": "relevant-assets", "type": "definition", "offset": [599, 614]}, {"key": "other-assets", "type": "definition", "offset": [631, 643]}, {"key": "to-borrower", "type": "definition", "offset": [727, 738]}, {"key": "provided-that", "type": "definition", "offset": [740, 753]}, {"key": "support-arrangements", "type": "definition", "offset": [846, 866]}], "size": 7, "hash": "0932bb434bae12fc4a135a0d99eb39b2", "id": 8}, {"snippet": "means any Relevant Indebtedness:", "samples": [{"hash": "kTiu3g292nx", "uri": "https://stproportalcorporativo.blob.core.windows.net/uploads/2024/12/Naturgy-EMTN-2024-_-Base-Prospectus-Final-version-submitted.pdf", "label": "stproportalcorporativo.blob.core.windows.net", "score": 19.9338626862, "published": false}, {"hash": "9QoNjBP7yiA", "uri": "https://stpropwebcorporativangy.blob.core.windows.net/uploads/2023/12/Naturgy-EMTN-2023-Base-Prospectus-dated-15-Dec-2023.pdf", "label": "stpropwebcorporativangy.blob.core.windows.net", "score": 18.5667190552, "published": false}, {"hash": "fHZANvudvdb", "uri": "https://www.naturgy.com/files/Naturgy_EMTN_2022__Base_Prospectus.pdf", "label": "www.naturgy.com", "score": 11.4736480713, "published": false}], "snippet_links": [{"key": "relevant-indebtedness", "type": "definition", "offset": [10, 31]}], "size": 6, "hash": "b557959ebec6f56923bed260cdb36ffe", "id": 9}, {"snippet": "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 \u201cProject\u201d) 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 \u201cProject Finance Debt\u201d 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.", "samples": [{"hash": "gJ7lDvNr0G4", "uri": "/contracts/gJ7lDvNr0G4#project-finance-debt", "label": "Credit Agreement (Allegheny Energy, Inc)", "score": 21.3422317505, "published": true}, {"hash": "azUyBWqMm6h", "uri": "/contracts/azUyBWqMm6h#project-finance-debt", "label": "Credit Agreement (Allegheny Energy, Inc)", "score": 21.3422317505, "published": true}, {"hash": "jzKM7tNYgOY", "uri": "/contracts/jzKM7tNYgOY#project-finance-debt", "label": "Credit Agreement (Allegheny Energy, Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "debt-of-a-person", "type": "clause", "offset": [11, 27]}, {"key": "purpose-of-financing", "type": "clause", "offset": [53, 73]}, {"key": "the-development", "type": "clause", "offset": [74, 89]}, {"key": "capital-assets", "type": "definition", "offset": [148, 162]}, {"key": "with-respect-to", "type": "clause", "offset": [234, 249]}, {"key": "other-customary", "type": "clause", "offset": [311, 326]}, {"key": "ancillary-assets", "type": "definition", "offset": [327, 343]}, {"key": "special-purpose-entity", "type": "definition", "offset": [409, 431]}, {"key": "operation-of", "type": "definition", "offset": [516, 528]}, {"key": "ownership-of-equity-interests", "type": "clause", "offset": [602, 631]}, {"key": "in-clause", "type": "clause", "offset": [655, 664]}, {"key": "provided-that", "type": "definition", "offset": [737, 750]}, {"key": "to-be-considered", "type": "clause", "offset": [779, 795]}, {"key": "holders-of", "type": "clause", "offset": [826, 836]}, {"key": "investments-in", "type": "clause", "offset": [910, 924]}, {"key": "by-the-borrower", "type": "clause", "offset": [974, 989]}, {"key": "limited-recourse", "type": "definition", "offset": [1025, 1041]}, {"key": "to-the-borrower", "type": "clause", "offset": [1042, 1057]}, {"key": "performance-guarantees", "type": "definition", "offset": [1093, 1115]}], "size": 5, "hash": "955d392958854eb6f40ef52e8bcf85e7", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdcHJvamVjdC1maW5hbmNlLWRlYnQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "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.", "title": "Project Finance Debt", "size": 198, "id": "project-finance-debt", "examples": ["The Chief Financial Officer and the Director of the Project Finance, Debt and Strategic Contracts Division of the Department or the designee thereof shall each serve as &quot;hearing officer&quot; of the Corporation for the purpose of conducting any public hearing required under the Internal Revenue Code of 1986 as a condition precedent to the issuance of tax- exempt bonds by the Corporation."], "related": [["project-finance-indebtedness", "Project Finance Indebtedness", "Project Finance Indebtedness"], ["project-finance-entity", "Project Finance Entity", "Project Finance Entity"], ["project-finance-subsidiary", "Project Finance Subsidiary", "Project Finance Subsidiary"], ["project-financing-gap", "Project financing gap", "Project financing gap"], ["project-financing", "Project Financing", "Project Financing"]], "related_snippets": [], "updated": "2026-04-08T06:04:56+00:00"}, "json": true, "cursor": ""}}