Material Financing definition

Material Financing means any obligation of Tenant or any Affiliate of Tenant (including Guarantor) for borrowed money having a principal balance of $1,000,000 or more in the aggregate including any instrument under which any such obligation is created or secured; Failure of the Other Landlords Rent Condition (defined below) for any calendar month. Surrender of Letters of Credit. Effective as of the date hereof and notwithstanding anything in the Master Lease to the contrary, the Letters of Credit held by Landlord pursuant to Article 20 of the Master Lease (the “LCs”) may be drawn by Landlord and the proceeds from such draw are and are deemed to be the property of Landlord, fully earned by Landlord and non-refundable. The draw of the LCs and the application of the proceeds thereof contemplated by this Section 3 shall not reduce or modify Tenant’s obligations under the Master Lease in any respect, including, but not limited to, Tenant’s obligations to pay Impositions and insurance premiums and to make the escrow deposits required by Articles 3 and 4 of the Master Lease from and after April 1, 2020. For greater clarity, the application of proceeds of the drawn LCs under Section 5 hereof does not in any way limit the provisions of this Section 3.
Material Financing means a bona fide equity financing resulting in gross cash proceeds to the Company of $300,000.00 or more.
Material Financing means (i) an equity placement which raises a minimum of $1,500,000 for the Company, at any price greater than $0.25 per share (subject to any Share Adjustment). In the event that a Material Financing is expected to close within 30 business days, the Company will notify the Subscriber of the impending closing and the Subscriber will have the opportunity to subscribe and pay for additional Shares up to the Subscription Proceeds of such Subscriber until the closing of the Material Financing; or (ii) the Company’s capital stock shall begin trading in a U.S. major stock exchange (i.e. Nasdaq, NYSE).

Examples of Material Financing in a sentence

  • With respect to our opinion in paragraph 4, we inform you that we have not reviewed the covenants in the Material Financing Contracts that contain financial ratios and other similar financial restrictions, and no opinion is provided with respect thereto.

  • Company shall give Agent written notice of each such event to Agent together with a copy of the fully-signed and delivered Related Agreements for such Material Financing within 10 Business Days after such Material Financing becomes binding on Company or any Restricted Subsidiary.

  • The execution and delivery by each Opinion Party of the Equity Documents to which it is a party does not, and the performance by it of its obligations thereunder will not, violate, breach or result in a default April , 2011 under any of the Material Financing Contracts.

  • Borrower shall perform its obligations under the Project Documents and the Material Financing Agreements (Covenant).

  • Borrower shall notify Lender promptly and in any case within three (3) Business Days of Borrower obtaining knowledge of the occurrence of any Event of Default, and any termination, default or event of default or any allegation or notice thereof under any Project Document, Material Financing Agreement (Notice) or under any subordination agreement.

  • Borrower shall not amend, modify or waive any provision or term of any Project Document or any Material Financing Agreement (Covenant), in a manner materially adverse to Lender.

  • The execution and delivery by each Opinion Party of the Equity Documents to which it is a party does not, and the performance by it of its obligations thereunder will not, violate, breach or result in a default under any of the Material Financing Contracts.

  • No event of default or event that with the passage of time could result in an event of default exists under any Project Documents, Material Financing Agreement (Covenant) or the Series C Repurchase Agreement or Series C Certificate of Designation.

  • The execution and delivery by April , 2011 each Opinion Party of the Equity Documents to which it is a party does not, and the performance by it of its obligations thereunder will not, violate, breach or result in a default under any of the Material Financing Contracts.

  • The occurrence (beyond any applicable grace or cure period) of any default under any agreement or obligation of Borrower under any material Project Document or Material Financing Agreement (Covenant), which default entitles the lessor or lender thereunder to accelerate Borrower’s obligations thereunder or exercise any of the rights of a secured creditor.


More Definitions of Material Financing

Material Financing means a financing by any Casino or an Affiliate involving a sum greater than $3,000,000. Material Litigation means litigation against any Casino or an Affiliate which must be disclosed to Gaming Authorities.
Material Financing means any financing, or series of financings with a common lender or lending group, in favor of Tenant or Guarantor with an aggregate commitment in excess of $50,000,000.
Material Financing means (i) any obligation of Tenant or Guarantor for borrowed money having a principal balance of [***] Dollars ($[***]) or more in the aggregate, and (ii) any obligation of any Affiliate of Guarantor for borrowed money having a principal balance of [***] Dollars ($[***]) or more in the aggregate including in either case any instrument under which any such obligation is created or secured.
Material Financing means any obligation of Tenant or any Affiliate of Tenant (including Guarantor) for borrowed money having a principal balance of $1,000,000 or more in the aggregate including any instrument under which any such obligation is created or secured; or Failure of the Other Landlords Rent Condition (defined below) for any calendar month. Surrender of Security Deposit and Escrow Deposits. Effective as of the date hereof and notwithstanding anything in the Master Lease to the contrary, the Security Deposit and all escrow deposits held by Landlord pursuant to Section 3.3 of the Master Lease have been applied to Tenant’s obligations under the Master Lease and shall be deemed fully earned by Landlord and non-refundable. The application of the Security Deposit and such escrow deposits contemplated by this Section 3 shall not reduce or modify Tenant’s obligations under the Master Lease in any respect, including, but not limited to, Tenant’s obligations to pay Impositions and insurance premiums and to make the escrow deposits required by Section 3.3.1 of the Master Lease from and after April 1, 2020.

Related to Material Financing

  • Material Financial Obligations means a principal or face amount of Debt (other than (i) the Loans and (ii) Non-recourse Debt) and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $150,000,000.

  • Material financial interest means a personal and pecuniary interest, direct or indirect, accruing to a public servant or spouse, either individually or in combination with each other. Notwithstanding the foregoing, the following shall not be deemed to be a material financial interest with respect to a business with which a public servant may be associated:

  • Material Documents has the meaning set forth in Section 5.23.

  • Material Company means, at any time:

  • Material Transaction means any material transaction in which the Company or any of its subsidiaries proposes to engage or is engaged, including a material purchase or sale of assets or securities, financing, merger, consolidation, tender offer or any other material transaction that would require disclosure pursuant to the Exchange Act, and with respect to which the board of directors of the Company reasonably has determined in good faith that compliance with this Agreement may reasonably be expected to either materially interfere with the Company’s or such subsidiary’s ability to consummate such transaction in a timely fashion or require the Company to disclose material, non-public information prior to such time as it would otherwise be required to be disclosed.

  • Material Permitted Acquisition means any Permitted Acquisition the consideration for which exceeds, on the closing date of the Permitted Acquisition, 10% of the Holdings Total Capitalization on such date.

  • Adverse Effect has the meaning assigned to such term in Section 2.1.5;

  • Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.

  • Material Acquisition means any (a) acquisition of property or series of related acquisitions of property that constitutes assets comprising all or substantially all of an operating unit, division or line of business or (b) acquisition of or other investment in the Capital Stock of any Subsidiary or any person which becomes a Subsidiary or is merged or consolidated with the Borrower or any of its Subsidiaries, in each case, which involves the payment of consideration by the Borrower and its Subsidiaries in excess of $100,000,000 (or the equivalent in other currencies).

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Material Debt means Debt (except (i) Debt of the Borrower outstanding hereunder and (ii) Non-recourse Debt) of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate principal or face amount exceeding $150,000,000.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;