Specific Debt definition

Specific Debt has the meaning given to such term in any Intercreditor Agreement, as applicable.
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Specific Debt means non-recourse or limited recourse debt incurred by the Company to finance the acquisition of Specific Collateral. As used herein, “limited recourse” means that there is recourse to the Company solely for breach of representations and warranties made by it relating to the applicable Specific Collateral.
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Examples of Specific Debt in a sentence

  • As demonstrated below, the effect is to increase the relative value of properties that are not burdened by Entity Specific Debt, and correlatively decrease the value of properties that are subject to Entity Specific Debt.

  • In the specific example above, because the aggregate outstanding debt that will be assumed by the Operating Partnership at the Closing now includes Holdings’ $50 of Entity Specific Debt, Total Formation Transaction Value would decrease by the same amount, from $500 to $450, relative to the Base Case.

  • Entity Specific Debt is allocated to relevant properties in the relevant Funds directly through the Equity Value formula.

  • The Equity Value formula accomplishes this by reflecting that TFTV decreases as a result of Entity Specific Debt.

  • In this example, all of the facts described in the Base Case above are the same, except that Company C is subject to $25 of Entity Specific Debt related to Shopping Center 2, which will be assumed by the Operating Partnership upon the completion of the Formation Transactions.

  • Specific Debt Obligation Security』secures only a specific debt obligation of the debtor to the creditor and if such debt obligation is extended, re-arranged, or refinanced by other credit, the security does not secure such debt.

  • Upon termination of the Facility pursuant to Section 2.05(c), the Agent shall, at the request of the Company, promptly confirm the Discharge of Specific Debt with respect to the Obligations hereunder, as contemplated in the Intercreditor Agreement.

  • Specific Debt Obligation Security』secures only a specific debt obligation of the debtor to the creditor and if such debt obligation is extended, re-arranged or refinanced by other credit, the security does not secure such debt.

Related to Specific Debt

  • Public Debt means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (1) a public offering registered under the Securities Act or (2) a private placement to institutional investors that is underwritten for resale in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC for public resale.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Debt Incurrence means any issuance or sale by the Borrower or any of its Subsidiaries of any Debt after the Closing Date other than Permitted Debt.

  • Permitted Refinancing Debt means any Debt that Refinances any other Debt, including any successive Refinancings, so long as:

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that: