Permitted Borrowing definition

Permitted Borrowing means, without double counting, any:

Permitted Borrowing means loans obtained by Consolidated Companies from lenders other than the Bank from time to time not exceeding $8,000,000.00 in the aggregate at any time.

Permitted Borrowing means an operating line of credit approved by the City as landlord in its Discretion, acting in good faith, under the Stadium Lease;

Examples of Permitted Borrowing in a sentence

• The General Partner shall not be entitled to borrow on behalf of the Limited Partnership, or on its own behalf, or to grant Encumbrances against any of the assets of the Limited Partnership without the prior written approval of the City and OSEG pursuant to the Stadium Shareholder’s Agreement, with the exception of the Permitted Borrowing and as otherwise permitted or required under the Project Agreement or the Stadium Lease.

• If the SPV makes changes to the Senior Funding Agreements which have not been approved by the Authority for the purposes of Clause 4.3 they will be disregarded for the purposes of calculating termination sums unless they qualify as Additional Permitted Borrowing.

• No amendment, waiver or exercise of a right under any Financing Agreement or Ancillary Document shall have the effect of increasing the Authority's liabilities on early termination of this Agreement unless: the Contractor has obtained the prior written consent of the Authority to such increased liability for the purposes of this clause 54.2; or it is a Permitted Borrowing.

• The General Partner shall not be entitled to borrow on behalf of the Limited Partnership, or on its own behalf, or to grant Encumbrances against any of the assets of the Limited Partnership without the prior written approval of the City and OSEG pursuant to the Ottawa 67’s Shareholder’s Agreement, with the exception of the Permitted Borrowing and Encumbrances permitted under Section 8.3(b).

• If the calculation referred to in Clause 53.23 above shows that the [senior debt loan life cover ratio] is less than [event of default level] then the amount equal to the lesser of: the insurance proceeds; and the Base Senior Debt Termination Amount, or, if any Additional Permitted Borrowing has been advanced, the Revised Senior Debt Termination Amount, shall be released from the Insurance Proceeds Account to Sub-hubco.

More Definitions of Permitted Borrowing

Permitted Borrowing means the operating line of credit and purchase money security interests contemplated in Section 25.8(b)(v) of the Project Agreement;

Permitted Borrowing means, without double-counting, any:

Permitted Borrowing means loans obtained by Consolidated Companies from lenders other than the Bank from time to time not exceeding

Permitted Borrowing means any Financial Indebtedness permitted under Clause 25.4 (Financial Indebtedness) of the Senior Facilities Agreement or upon its repayment in full and cancellation of all undrawn commitments thereunder such equivalent provision in the Relevant Facilities Agreement;

Permitted Borrowing means non-revolving Indebtedness for Money ------------------- Borrowed incurred by Weeks Corporation or Borrower (a) which is neither secured by a Lien on any Property Interest of Borrower or any Consolidated Entity nor subject to an agreement that it shall be secured, upon the lapse of time, the occurrence of any event, the failure to satisfy any condition, or otherwise, by a Lien on any Property Interest of Borrower or any Consolidated Entity, (b) which matures not less than one year after the date it shall have been made, (c) which, if evidenced by a security (within the meaning of applicable federal securities laws and state Blue Sky laws), is evidenced by a security issued in a private placement, public offering or otherwise made in compliance with all applicable federal securities laws and state Blue Sky laws, and (d) which has a payment seniority no higher than that of the Loan.

Permitted Borrowing means without double-counting, any: advance to Sub-hubco under the Senior Funding Agreements, provided that such advance is not made under any Committed Standby Facility; Additional Permitted Borrowing; advance to Sub-hubco under any Committed Standby Facility which is made solely for the purpose of funding any cost overruns, increased expenses or loss of revenue which Sub-hubco incurs, provided that such funds are not used in substitution for other sources of committed funding designated for those purposes; and interest and, in respect of the original Senior Funding Agreements only (as entered into at the date of this Agreement, prior to any subsequent amendment), other amounts accrued or payable under the terms of such original Senior Funding Agreements, except where the amount referred to in paragraphs (a) to (d) above is or is being used to fund a payment of Default Interest on any Additional Permitted Borrowing;

Permitted Borrowing means at any time after the Signature Date, any advance made to the Private Party under the Financing Agreements for the purpose(s) specified therein;