Base Senior Debt Termination Amount definition

Base Senior Debt Termination Amount subject to clause 40.2 (Changes to Finance Agreements):- (a) all amounts outstanding at the Termination Date, including interest and Default Interest accrued as at that date, from the Contractor to the Senior Lenders under the Senior Financing Agreements and in respect of Permitted Borrowing (other than in respect of Additional Permitted Borrowing); and (b) all amounts including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by the Contractor to the Senior Lenders as a result of a prepayment in respect of Permitted Borrowings (other than in respect of Additional Permitted Borrowing) or, in the case of early termination of interest rate hedging arrangements only, as a result of termination of this Agreement, subject to the Contractor and the Senior Lenders mitigating all such costs to the extent reasonably possible, less, to the extent it is a positive amount, the aggregate of (without double counting in relation to the calculation of the Base Senior Debt Termination Amount or the amounts below):- (i) all credit balances on any bank accounts (but excluding the Joint Insurance Account) held by or on behalf of the Contractor on the Termination Date; (ii) all amounts, including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by the Senior Lenders to the Contractor as a result of prepayment of amounts outstanding under the Senior Financing Agreements and in respect of Permitted Borrowings (other than in respect of Additional Permitted Borrowing) or, in the case of early termination of interest rate hedging arrangements only, as a result of termination of this Agreement; and (iii) all other amounts received by the Senior Lenders on or after the Termination Date and before the date on which any compensation is payable by the Authority to the Contractor as a result of enforcing any other rights they may have;

Base Senior Debt Termination Amount means, subject to Clause 47.3 (

Base Senior Debt Termination Amount has the meaning given in Section 6 (Definitions) of Schedule Part 17 (Compensation on Termination);

Examples of Base Senior Debt Termination Amount in a sentence

• The Authority shall be entitled to rely on the certificate of the [Senior Funders' Agent] as conclusive as to the amount of the Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount (as the case may be) outstanding at any relevant time.

• If the Authority has elected to pay in accordance with paragraph 1.2 above, it may (on 28 days’ prior written notice to DBFM Co) elect to pay the outstanding part of the Adjusted Estimated Fair Value of the Agreement or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.

• Upon termination of the Concession Agreement for such reasons, HPTE is required to pay to the Concessionaire an amount equal to the sum of the Base Senior Debt Termination Amount and the Phase 2 TIFIA Debt Termination Amount (in each case with interest) which amount is payable on the date falling on 40 Business Days after the later of the Termination Date or the date when the adjusted Estimated Fair Value of the Contract is agreed between the parties.

• The Phase 2 TIFIA Debt Termination Amount has the corresponding meaning in respect of the Phase 2 TIFIA Loan, but deductions taken into account in calculating the Base Senior Debt Termination Amount are not counted as deductions when calculating the Phase 2 TIFAI Debt Termination Amount.

• Interest Where the Authority elects to pay the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in instalments pursuant to clause 56.2 (Instalments), from the Notice Date until the date of payment, interest shall accrue on any unpaid element of the Termination Sum at the Senior Debt Rate and be payable on the next occurring Instalment Date.

More Definitions of Base Senior Debt Termination Amount

Base Senior Debt Termination Amount means, subject to Clause 6.3 (Changes to the Financing Agreements):

Base Senior Debt Termination Amount means, subject to Section 5.14 [Changes Not to Increase Province’s Liability], the aggregate, without duplication, of:

Base Senior Debt Termination Amount means, subject to Paragraph 4 of Part H (Calculation and Payment of Termination Sums) of Schedule 6 (Expiry, Events of Default, Termination and Force Majeure):

Base Senior Debt Termination Amount. Certification Requirements" "Core Investment Programme"

Base Senior Debt Termination Amount. Business Day"; "Certification Requirements";

Base Senior Debt Termination Amount. Collateral Warranty"

Base Senior Debt Termination Amount. 52 means: all amounts outstanding at the Termination Date, including interest and Default Interest accrued as at that date, from PPP Co., to the Senior Lenders under the Senior Funding Agreements53 and in respect of Permitted Borrowing; and all amounts including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by PPP Co. to the Senior Lenders as a result of a payment under the Senior Funding Agreements54 and in respect of Permitted Borrowings subject to PPP Co. and the Senior Lenders mitigating all such costs to the extent reasonably possible; less, to the extent it is a positive amount, the aggregate of (without double counting in relation to the calculation of the Base Senior Debt Termination Amount or the amounts below): all credit balances55 on any bank accounts (but excluding the Joint Insurance Account)56 held by or on behalf of PPP Co.57 on the Termination Date; any amounts claimable on or after the Termination Date in respect of Contingent Funding Liabilities; all amounts, including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by the Senior Lenders to PPP Co. as a result of prepayment of amounts outstanding under the Senior Funding Agreements and in respect of Permitted Borrowing; any Additional Permitted Borrowing and any interest and Default Interest on such Additional Permitted Borrowing; and all other amounts received by the Senior Lenders on or after the Termination Date and before the date on which any compensation is payable by the Authority to PPP Co. as a result of enforcing any other rights they may have;