Debt Incurrence. For purposes of this Section 9.4, Senior Secured Debt shall be deemed “incurred” upon (i) the execution of the Senior Secured Debt Instruments in respect thereof and the satisfaction or waiver of the conditions precedent thereunder to the initial disbursement thereof or initial issuance of letters of credit thereunder or (ii) any subsequent Economic Terms Modification.
Appears in 2 contracts
Samples: Credit Agreement (NextDecade Corp.), Credit Agreement (NextDecade Corp.)
Debt Incurrence. For purposes of this Section 9.4, Senior Secured Debt shall be deemed “incurred” upon (i) the execution of the Senior Secured Debt Instruments in respect thereof and the (irrespective of the satisfaction or waiver of the conditions precedent thereunder to the initial disbursement thereof or initial issuance of letters of credit thereunder thereunder) or (ii) any subsequent Economic Terms Modification.
Appears in 2 contracts
Samples: TCF Credit Agreement (NextDecade Corp.), Cd Credit Agreement (NextDecade Corp.)
