Prudential Financing definition

Prudential Financing means, collectively (i) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000 pursuant to the Prudential Senior Secured Note Agreement, evidenced by the 2010 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2010 Prudential Senior Secured Notes as in effect on September 20, 2010 and (ii) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $25,000,000 pursuant to the Prudential Senior Secured Note Agreement, evidenced by the 2011 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of February 10, 2018, and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2011 Prudential Senior Secured Notes as in effect on February 10, 2011.
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Prudential Financing means, collectively (i) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000 pursuant to the “Original Agreement” (as defined in Prudential Senior Secured Note Agreement), evidenced by the 2010 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2010 Prudential Senior Secured Notes as in effect on September 20, 2010 and (ii) the issuance of Indebtedness of the Borrower in an aggregate principal amount of $25,000,000 pursuant to the “Prior Agreement” (as defined in Prudential Senior Secured Note Agreement), evidenced by the 2011 Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of February 10, 2018, and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments in respect of the 2011 Prudential Senior Secured Notes as in effect on February 10, 2011.
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Prudential Financing appearing in Section 1.01 of the Credit Agreement is hereby amended to (x) replace the figure “$100,000,000” set forth therein with the figure “$125,000,000” and (y) replace the reference to “April 17, 2023” set forth therein with “(i) April 17, 2023, in the case of the Prudential Series A Notes, and (ii) October 17, 2020, in the case of the Prudential Series B Notes,”.
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Examples of Prudential Financing in a sentence

  • To the extent within Pledgors' control, no Pledgor will permit the Partnership to incur any indebtedness for borrowed money secured by a Lien on the Property or any other assets of the Partnership, other than the indebtedness incurred pursuant to the Prudential Financing Documents or as may be approved by the prior written consent of Pledgee.

  • To the extent within Pledgors' control, no Pledgor will permit the Partnership to amend, modify or terminate, or to grant any waiver or consent under, the Partnership Agreement, the Management Agreement or any of the Prudential Financing Documents without the prior written consent of the Pledgee.

  • To the extent within Pledgors' control, no Pledgor will permit the Partnership to refund or refinance the indebtedness incurred pursuant to the Prudential Financing Documents without the prior written consent of the Pledgee.

  • The Pledgors warrant that the Partnership has good and marketable title to the Property, that the Partnership possesses an unencumbered and indefeasible fee estate in the Property and that the Partnership owns the Property free and clear of all liens, encumbrances and charges whatsoever except for those incurred pursuant to the Prudential Financing Documents and those approved by the Pledgee (which includes all matters existing of record as of the date hereof) (collectively, the "PERMITTED ENCUMBRANCES").

  • To the extent within Pledgors' control, the Pledgors will cause the Partnership to comply with all of its obligations under each of the Partnership Agreement, the Management Agreement and the Prudential Financing Documents.

  • Subordinated Indebtedness; Junior Indebtedness; Prudential Financing.


More Definitions of Prudential Financing

Prudential Financing means that certain issuance of Indebtedness of the Prudential Note Co-Issuers in an aggregate principal amount of$100,000,000, pursuant to the Prudential Note Agreement, evidenced by the Prudential Notes, together with the Indebtedness under the guaranties by one or more Loan Guarantors in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of April 17, 2023 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as in effect on the Restatement Effective Date.
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Prudential Financing means (i) that certain issuance of Indebtedness of the Borrower in an aggregate principal amount of $50,000,000, pursuant to the Prudential Senior Secured Note Agreement, evidenced by the Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date of September 17, 2017 and with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as in effect on the Amendment No. 1 Effective Date and (ii) any other issuances of Indebtedness of the Borrower from time to time pursuant to the Prudential Senior Secured Note Agreement, evidenced by the Prudential Senior Secured Notes, together with the Indebtedness under the guaranties in respect thereof, secured on a pari passu basis with the Obligations pursuant to the Intercreditor Agreement, with a maturity date that is no earlier than September 17, 2017, with the same (or no more onerous) terms relating to amortization and other scheduled principal payments as the Indebtedness described in the preceding clause (i), and in an aggregate outstanding principal amount not to exceed $25,000,000; provided, however, that in each case, at the time of issuance or incurrence of such Indebtedness and after giving effect thereto: (i) no Default or Event of Default has occurred and is continuing, (ii) the Borrower and its Subsidiaries are, and will be after giving effect (including pro forma effect) thereto, in compliance with the covenants contained in Sections 6.21, 6.22, 6.23 and 6.30, and (iii) the Borrower shall have delivered to the Administrative Agent a certificate, executed by an Authorized Officer, certifying as to the requirements of the preceding clauses (i) and (ii).”
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Related to Prudential Financing

  • Debt Financing has the meaning set forth in Section 5.7.

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Bridge means a structure including supports erected over a depression or an obstruction, such as water, a highway, or a railway, for the purposes of carrying traffic or other moving loads, and having an opening measuring along the center of the roadway of more than 20 feet between undercopings of abutments or spring lines of arches, or extreme ends of openings for multiple boxes where the clear distance between openings is less than 1/2 of the smaller contiguous opening.

  • Bridge Financing has meaning set forth in Section 7.6.

  • Exit Financing means the financing under the Exit Facility.

  • Prudential means The Prudential Insurance Company of America.

  • Insurance premium finance company means a person engaged in the business of

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • New Financing has the meaning specified in Section 2.04(a).

  • Investment Management Agreement means the Investment Management Agreement made

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Original Financing Agreement means the development credit agreement for a Social Investment Program Project between the Recipient and the Association, dated April 7, 2003, as amended to the date of this Agreement (Credit No. 3740-BD).

  • Sponsored captive insurance company means a captive insurance company:

  • Investment Bank means each of those reputable internationally recognised investment banks, selected from time to time as First Choice Investment Banks or as a Third Investment Bank in terms of Section 1.4 or Section 1.5 of the Subscription Agreement (as the case may be), whose Mandate Letters remain effective.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Debt Financing Sources means the Persons that have committed to provide, or otherwise entered into agreements in connection with, the Debt Financing (including the parties to any joinder agreements, credit agreements or other definitive agreements relating thereto) and their respective Affiliates and such Person’s (and their respective Affiliates’), officers, directors, employees, attorneys, advisors, agents and representatives involved in the Debt Financing and their successors and permitted assigns.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Financial Closing Date means the date of the closing of the initial agreements for any Financing of the Facility and of an initial disbursement of funds under such agreements.