Debt Limitation definition

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the terms set forth herein would not be permitted at such time by any agreements governing indebtedness, under which at least $100,000,000 of indebtedness in the aggregate for all such agreements is outstanding, the covenants of which would (in the good faith determination of CEC) not permit the consummation of the transactions contemplated hereby at such time.

Debt Limitation means those debt limitations applicable under New Article X.

Debt Limitation means the limitation set forth in Section 9.11.

Examples of Debt Limitation in a sentence

• E-5 Issuance Of Bonds Debt Limitation............................................................

• In the event a Debt Limitation limits the exercise of the Call Right by Propco at any time, Owner shall use commercially reasonable efforts to obtain waivers or amendments under the applicable debt agreements to waive the Debt Limitation or refinance such applicable debt in order to permit the consummation of the transactions pursuant to the Call Right.

• Facilitation can be directed towards group ownership and verification of the data, to reduce the facilitator’s influence on the tone and content of discussions and privilege the value systems of the participants.

• SECTION 00170 – LEGAL RELATIONS AND RESPONSIBILITIES Comply with Section 00170 of the Standard Specifications modified as follows: Add the following subsection:00170.09 Debt Limitation - This Contract is expressly subject to the debt limitation of Oregon counties set forth in Article XI, Section 10, of the Oregon Constitution, and is contingent upon funds being appropriated therefore.

• Neither Borrower nor the REIT shall(i) directly or indirectly create, incur, assume or permit to exist any Lien, except for Permitted Liens, on or with respect to all or any portion of Woodbury Common; (ii) directly or indirectly create, assume or permit to exist any agreement (other than the Loan Documents and the Unsecured Term Note Secured Debt Limitation set forth in the Unsecured Term Note Indenture) prohibiting the creation of any Lien on Woodbury Common.

More Definitions of Debt Limitation

Debt Limitation. The term “Debt Limitation” shall be defined to mean Indebtedness in an aggregate principal amount not to exceed $7,500,000, which shall include the principal amount outstanding under that certain Loan and Security Agreement, dated as of July 21, 2005 by and between the Company and Silicon Valley Bank, as amended from time to time.

Debt Limitation means (i) 100% of Total Market Value (calculated at the time debt is incurred) with respect to Total Trust Indebtedness and (ii) 50% of Total Market Value (calculated at the time debt is incurred) with respect to Permanent Trust Indebtedness.

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the

Debt Limitation in their entirety as follows: “Commitment” means the commitment of a Lender to make or otherwise fund a Loan and to acquire participations in Letters of Credit hereunder, and “Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Commitment, if any, is set forth opposite such Lender’s name on Schedule 1.01(a) or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The ACTIVE/97019144.4

Debt Limitation means the greater of (i) $50.0 million and (ii) 11% of Consolidated Tangible Assets. (b) Section 1.01 of the Loan Agreement is hereby further amended adding the following new definitions in alphabetical order: “Third Amendment” means that certain Third Amendment to Revolving Loan Agreement, dated as of November 9, 2018, by and among the Borrower, the Guarantors party thereto, the Lenders party thereto and the Administrative Agent. “Third Amendment Effective Date” has the meaning set forth in the Third Amendment. 1.2

Debt Limitation means the greater of (i) $25.0 million and (ii) 5% of Consolidated Tangible Assets. “Consolidated Tangible Assets” means with respect to CFTC as of any date, the aggregate of the assets of CFTC and its Restricted Subsidiaries, excluding goodwill and any other assets properly classified as intangible assets in accordance with GAAP, shown on the balance sheet for the most recently ended fiscal quarter for which financial statements are available, determined on a consolidated basis in accordance with GAAP. “First Amendment” means that certain First Amendment to Revolving Loan Agreement, dated as of February 26, 2018, by and among the Borrower, the Guarantors party thereto, the Lenders party thereto and the Administrative Agent. “First Amendment Effective Date” has the meaning set forth in the First Amendment. 1.2 Amendment to Section 2.01. Section 2.01 of the Loan Agreement is hereby amended by deleting the first sentence thereof in its entirety and substituting therefor the following: During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Loans to the Borrower in an aggregate amount up to but not exceeding such Lender’s Commitment; provided that after giving effect to the making of any Loans in no event shall the Total Utilization of Commitments exceed the lesser of (a) the Commitments then in effect and (b) the Debt Limitation then in effect; and provided further that in each calendar year, commencing with 2018, there shall be a period of thirty (30) consecutive days when there are no Loans outstanding hereunder. 1.3 Amendment to Section 2.14. Section 2.14 of the Loan Agreement is hereby amended by deleting the text “[Reserved]” therein and substituting therefor the following” In the Event the Total Utilization at any time exceeds the Debt Limitation, the Borrower will immediately repay an amount equal to such excess to be applied to prepay Loans, together with any additional amounts required to be paid pursuant to Section 2.18(c).

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the terms set forth herein would not be permitted at such time by any agreements governing indebtedness the covenants of which include restrictions that are applicable to the Property at such time or would otherwise be dilutive to covenant compliance under such agreements at such time.2