New Money Debt definition

New Money Debt means debt issued to finance a project. TDZ new money debt is issued to finance the actual construction and acquisition of the QPUF and Qualified Associated Development. TDZ new money debt is secured by the revenues authorized by the Financing Act.
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New Money Debt means the up to US$700 million of new first lien senior secured debt in the form of the New Trade Finance Facility and the New Hedging Support Facility.
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New Money Debt means the US$700 million of new first lien senior secured debt constituted by the New Trade Finance Facility and the New Hedging Support Facility.
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Examples of New Money Debt in a sentence

  • Permitted New Money Debt may be guaranteed by any Guarantor and may be subject to liens, up to the $100 million cap.

  • The committee also has oversight over the NYAC BoPHB investment compliance9 with NYAC’s Fossil Fuel divestment resolution and will be responsible for the periodic reporting10 requirements set forth by NYAC.11 117.

  • All noteholders were offered the option to participate, and the Core Banks agreed to participate, in the First Lien New Money Debt pro rata to their holdings of existing debt to the aggregate of existing debt as at 31 December 2016, as adjusted for any repayment made thereafter.

  • Backstop Subject to the terms of a conditional backstop agreement (the “CRPA”) to be entered into on the Effective Date, the members of the Ad Hoc Group (in such capacity, the “Initial Lenders”) shall severally commit to risk participate in an amount of the New Money Debt equal to the total New Money Debt less the Fronting Bank Risk Participation Amount (the “Total Senior Creditor Risk Participation Amount”).

  • Thus, the costs associated with holding capital can now be charged to individual lines of insurance.

  • The Commissioner may require such alterations to said plan as he or she deems necessary and may require that an independent actuarial review be performed at the member's expense.

  • Proceeds of the New Money Debt, together with certain of moneys set aside for capital improvements in the Foundation’s student housing system accounts, are anticipated to be sufficient to complete the construction of the Project.

  • Second, the Committee makes little effort to state a plausible theory with respect to the First-Lien Notes and the 2L 2018 New Money Debt.

  • Each Existing Notes Creditor and Existing RCF Lender (including the Initial Lenders) was subsequently offered the opportunity to risk participate for a pro rata amount of New Money Debt as a “Backstop Lender”.

  • In reaching that conclusion I do not, of course, rule out the possibility that a dissenting Scheme Creditor might wish to argue at the sanction hearing that the proposals under which the Priority Debt is given in return for risk participation in the New Money Debt is fundamentally unfair to those who do not wish (as they might see it) to throw good money after bad, or that even the revised timetable for the decision to be made on risk participation is unfairly short.


More Definitions of New Money Debt

New Money Debt means the term loans made by the New Bridge Lenders to Borrower in an aggregate principal amount of $50,000,000 (excluding capitalized interest, fees and expenses) pursuant to the New Bridge Credit Agreement and which are senior in priority to the Term Loans under this Agreement pursuant to the New Bridge Intercreditor Agreement.
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New Money Debt means all liabilities owing or accrued (whether or not payable) by the Obligors to the New Money Lenders (in their capacity as such) under or in connection with the Finance Documents together with, in the case of any New Money Lender, Junior A Lender and/or Junior B Lender which has made a Cure Payment, an amount equal to that Cure Payment.
Sample 1
New Money Debt means debt issued to finance a project. TDZ new money debt is issued to finance the actual construction and acquisition of the QPUF and Qualified Associated Development. TDZ new money debt is secured by the revenues authorized in Title 7, Chapter 88.
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Related to New Money Debt

  • Purchase Money Debt means Debt:

  • Purchase Money Indebtedness means (a) any indebtedness incurred for the payment of all or any part of the purchase price of any fixed asset, including indebtedness under capitalized leases, (b) any indebtedness incurred for the sole purpose of financing or refinancing all or any part of the purchase price of any fixed asset, and (c) any renewals, extensions or refinancings thereof (but not any increases in the principal amounts thereof outstanding at that time).

  • Indebtedness for Money Borrowed means any obligation of, or any obligation guaranteed by, the Company for the repayment of borrowed money, whether or not evidenced by bonds, debentures, notes or other written instruments.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness, determined as of and immediately prior to the Closing.

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof, in an aggregate principal amount outstanding at any one time not in excess of $5,000,000.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Settlement Indebtedness means any payment or reimbursement obligation in respect of a Settlement Payment.

  • Closing Debt means the aggregate principal amount of, and accrued interest on, all Debt of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Company or any Subsidiary of the Company to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Closing Indebtedness means the Indebtedness of the Company that remains outstanding and unpaid as of immediately prior to the Closing.

  • Recourse Indebtedness means Indebtedness that is not Non-Recourse Indebtedness; provided that personal recourse for Customary Recourse Exceptions shall not, by itself, cause such Indebtedness to be characterized as Recourse Indebtedness.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Consolidated First Lien Indebtedness means Consolidated Total Indebtedness as of any date of determination that is secured by a Lien on any asset or property of the Borrower and its Restricted Subsidiaries, which Lien does not rank junior in priority to the Liens securing the Secured Obligations.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Purchase Money Liens means Liens incurred in connection with the acquisition of any asset; provided that (i) each such Lien shall attach only to the asset to be acquired, (ii) a description of the asset so acquired is furnished to the other Party, and (iii) the indebtedness incurred in connection with such acquisitions shall not individually exceed $3,000 or in the aggregate exceed $15,000.

  • Funding Debt means any Debt incurred by or on behalf of the General Partner for the purpose of providing funds to the Partnership.

  • Final Closing Indebtedness has the meaning set forth in Section 3.3(b).

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Convertible Indebtedness means unsecured Indebtedness in the form of notes issued by the Borrower that (i) as of the date of issuance thereof contains terms, conditions, covenants, conversion or exchange rights, redemption rights and offer to repurchase rights, in each case, as are typical and customary for notes of such type, (ii) is convertible or exchangeable into a fixed number of shares of common stock of the Borrower (or Qualified Equity Interests following a merger event or other change of common stock of the Borrower), cash or a combination thereof (such amount of cash determined by reference to the price of the Borrower’s common stock or such Qualified Equity Interests), and cash in lieu of fractional shares of common stock of the Borrower, (iii) has a stated final maturity date that is no earlier than the date that is one hundred eighty (180) days after the Maturity Date (the “Earliest Date”), (iv) shall not be required to be repaid, prepaid, redeemed, repurchased or defeased (whether through scheduled amortization, principal payments, mandatory redemptions or payments of principal or otherwise), whether on one or more fixed dates, prior to the Earliest Date, except (x) upon the occurrence of an event of default, “fundamental change” or equivalent or (y) following the Borrower’s election to redeem such notes to the extent expressly permitted pursuant to Section 9.07(d) or as otherwise consented to by the Majority Lenders; provided that the right to convert such Indebtedness into Qualified Equity Interests, cash or any combination thereof shall not be deemed to violate this clause (iv), (v) is not supported by a Guaranty made or issued by any Subsidiary of the Borrower that is not an Obligor and (vi) does not provide for or require the payment of cash interest in excess of five and a half (5.5%) per annum2.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.