Reference Debt definition

Reference Debt means with respect to any Person, the long-term unsecured Indebtedness of such Person not benefiting from any guarantee, support agreement or other credit enhancement.

Reference Debt means all Unsecured Indebtedness of the Trust and its Subsidiaries.

Reference Debt means any Term Loans, Senior Secured Notes and/or Senior Unsecured Notes with a scheduled maturity date earlier than November 1, 2024.

Examples of Reference Debt in a sentence

• The PPIB will evaluate the principal repayment schedule and other principal financial terms and the equity commitments in the Project, to ensure that the other principal financial terms are consistent with the repayment of principal in accordance with the principal repayment schedule, and that the principal repayment schedule is not less than the Reference Debt Service Component of the Tariff, and to evaluate the impact on the GOP’s obligations upon any termination of this Agreement.

• Reference Debt Service Component shall not be paid during open cycle operation for maximum first 12 months.

• For evaluation purposes, the Reference Debt Service Component relating to foreign currency loans will be adjusted using a benchmark forecast of respective exchange rates.

• The Reference Debt Principal Payments Tariff Component shall be biannually indexed to USD / PKR exchange rate, based on the revised TT & OD selling rate of USD notified by the NBP, where a% of the Debt Principal Payments are attributable to debt procured from foreign sources.

• The PPIB will evaluate the principal repayment schedule and other principal financial terms and the equity commitments in the Project, to ensure that the other principal financial terms are consistent with repayment of principal in accordance with the principal repayment schedule, and that the principal repayment schedule is not less than the Reference Debt Service, and to evaluate the impact on the GOP’s obligations upon any termination of this Agreement.

More Definitions of Reference Debt

Reference Debt means as of any date of determination, the aggregate of the (i) Credit Exposure of the Lenders and (ii) outstanding principal amount under the Private Placement Notes Facility.

Reference Debt means any Term Loans with a scheduled maturity date earlier than May 17, 2029. “Refinanced Debt” has the meaning set forth in Section 2.19(a). “Refinancing” has the meaning assigned to such term in the recitals hereto. “Refinancing Amendment” means an amendment to this Agreement executed by each of (a) the Borrower, (b) each Additional Refinancing Lender and Lender that agrees to provide any portion of the Refinancing Indebtedness being incurred pursuant thereto and (c) to the extent relating to the Initial Revolving Credit Commitments, the L/C Issuer and the Swing Line Lender, in accordance with Section 2.19, and delivered to the Administrative Agent. “Refinancing Indebtedness” has the meaning specified in Section 2.19(a). “Refinancing Revolving Credit Commitments” means Revolving Credit Commitments established pursuant to a Refinancing Amendment. “Refinancing Term Loans” means Term Loans that result from a Refinancing Amendment. “Register” has the meaning specified in Section 11.07(e). “Regulation S-X” shall mean Regulation S-X under the Securities Act. “Rejecting Lender” has the meaning specified in Section 2.06(b)(ix). “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors, consultants, service providers and representatives of such Person and of such Person’s Affiliates. “Repatriation Bridge Commitment” as to each Repatriation Bridge Lender, its obligation to make a Loan to the Borrower pursuant to Section 2.01(c) in an aggregate principal amount not to exceed the Dollar amount set forth opposite such Repatriation Bridge Lender’s name on Schedule 2.01 under the caption “Repatriation Bridge Commitment” or in the Assignment and Assumption pursuant to which such 58

Reference Debt means, as of any date, the Existing Senior Notes, the Credit Facility and any equivalent indebtedness of the Company (other than the Notes) existing on such date.

Reference Debt means, (a) prior to the Release Date, (i) all Indebtedness of the Trust or any of its Subsidiaries under this Agreement and the other Loan Documents and under the Term Loan Agreement and the other Loan Documents (as defined in the Term Loan Agreement) and (ii) all other Indebtedness of the Trust or any of its Subsidiaries secured by a Lien on any of the Collateral or any of the Borrowing Base Assets other than the 2008 Term Loans, and (b) after the Release Date, all Unsecured Indebtedness of the Trust and its Subsidiaries.

Reference Debt set forth in Section 1.01 of the Credit Agreement is hereby amended by replacing “November 1, 2024” with “November 4, 2025”.

Reference Debt has the meaning specified in the definition of “Credit Rating”.

Reference Debt means the Company’s non-credit-enhanced long-term indebtedness that is not subordinated to any other long-term indebtedness of the Company.