Debt Issuance Costs Sample Clauses

Debt Issuance Costs. Costs incurred in connection with the issuance of senior notes are recorded as a direct deduction from the related debt liability and are amortized using the straight-line method over the term of the related debt. Use of the straight-line method does not differ materially from the “effective interest” method of amortization.
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Debt Issuance Costs. Costs related to the issuance of debt are capitalized and amortized to interest expense, using the straight line method, over the lives of the related debt, which approximates the effective interest method.
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Debt Issuance Costs. (a) Halyard will be responsible for, and will pay out of the proceeds of the borrowings described in Section 2.8 of this Agreement or otherwise, the Debt Issuance Costs. (b) To the extent that Xxxxxxxx-Xxxxx has paid any Debt Issuance Costs on behalf of Halyard prior to the Effective Time, Halyard will reimburse Xxxxxxxx-Xxxxx for such amounts after the Effective Time. (c) Amounts to be paid by Halyard to Xxxxxxxx-Xxxxx pursuant to this Section 9.1 will be promptly paid by it following receipt of an invoice from Xxxxxxxx-Xxxxx which invoice sets forth a reasonably detailed accounting of such amounts.
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Debt Issuance Costs. The fourth and final element of the proposed financing is to fund the overall cost of issuance for the bonds, which is currently estimated to be approximately $1.3 million. Thus, the currently anticipated total value of the financing is approximately $72.9 million6, inclusive of the estimated issuance costs. However, due to the unpredictable nature of the bond markets, PWW requests authority to issue up to $75 million in taxable bonds. This is to ensure that even in the event where the bonds are issued at a discount, the Company will 1) receive the actual cash it requires from this transaction for the purposes intended, and 2) be provided with the financial flexibility it needs in order to facilitate a bond closing under that scenario.
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Debt Issuance Costs. (a) Neenah will be responsible for, and will pay out of the proceeds of the borrowings described in Section 2.8 of this Agreement or otherwise, the Debt Issuance Costs up to the amount equal to the sum of (i) the Target Debt Issuance Costs plus (ii) the Incremental Debt Issuance Costs. (b) To the extent that actual Debt Issuance Costs exclusive of the Incremental Debt Issuance Costs exceed the Target Debt Issuance Costs, Xxxxxxxx-Xxxxx will be responsible for, and will pay directly or reimburse Neenah, as applicable, the amount of such excess. To the extent that actual Debt Issuance Costs exclusive of the Incremental Debt Issuance Costs are less than the Target Debt Issuance Costs, Neenah Paper will pay to Xxxxxxxx-Xxxxx the amount by which Target Debt Issuance Costs exceed the actual Debt Issuance Costs less the Incremental Debt Issuance Costs. (c) To the extent that Xxxxxxxx-Xxxxx has paid any Debt Issuance Costs on behalf of Neenah prior to the Distribution Date and such costs are included within the Target Debt Issuance Costs, Neenah will reimburse Xxxxxxxx-Xxxxx for such amounts on the Distribution Date. (d) Amounts to be paid by Xxxxxxxx-Xxxxx to Neenah or by Neenah to Xxxxxxxx-Xxxxx pursuant to this Section 9.2 will be promptly paid by the Party obligated to pay following receipt of an invoice from the Party entitled to receive the payment which invoice sets forth a reasonably detailed accounting of such payment.
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Debt Issuance Costs. Costs incurred in connection with the issuance of long-term debt are deferred and charged to interest expense over the term of the related debt. Gains or losses on debt repurchases, redemptions and debt extinguishments include any associated unamortized debt issuance costs.
Sample 1
Debt Issuance Costs. Neenah will be responsible for, and will pay out of the proceeds of the borrowings described in Section 2.8 of this Agreement, the Debt Issuance Costs up to $ million. Kxxxxxxx-Xxxxx will be responsible for, and will pay directly or reimburse Neenah, as applicable, all Debt Issuance Costs in excess of $ million.
Sample 1
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Debt Issuance Costs. (a) The parties acknowledge that Halyard has paid the Debt Issuance Costs on or before the Effective Time using cash on hand prior to the determination of Xxxxxxxx-Xxxxx Retained Cash. Any Debt Issuance Costs incurred but not paid prior to the Effective Time shall be paid by Xxxxxxxx-Xxxxx. Any Debt Issuance Costs incurred after the Effective Time shall be paid by Halyard.
Sample 1

Related to Debt Issuance Costs

  • Debt Issuances Immediately upon receipt by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount equal to 100% of such Net Cash Proceeds.

  • Debt Issuance Not later than one (1) Business Day following the receipt of any Net Cash Proceeds of any Debt Issuance by any Group Member (or concurrently with the receipt of Net Cash Proceeds of any Debt Issuance by any Group Member in connection with a refinancing facility under Section 2.22), the Borrower shall make prepayments in accordance with Section 2.10(i) and (j) in an aggregate principal amount equal to 100% of such Net Cash Proceeds.

  • Equity Issuances In the event that the Borrower shall receive any Cash proceeds from the issuance of Equity Interests of the Borrower at any time after the Availability Period, the Borrower shall, no later than the third Business Day following the receipt of such Cash proceeds, prepay the Loans in an amount equal to fifty percent (50%) of such Cash proceeds, net of underwriting discounts and commissions or other similar payments and other costs, fees, premiums and expenses directly associated therewith, including, without limitation, reasonable legal fees and expenses (and the Commitments shall be permanently reduced by such amount).

  • Debt Due (a) If the LHIN requires the re-payment by the HSP of any Funding, the amount required will be deemed to be a debt owing to the Crown by the HSP. The LHIN may adjust future funding instalments to recover the amounts owed or may, at its discretion direct the HSP to pay the amount owing to the Crown and the HSP shall comply immediately with any such direction. (b) All amounts repayable to the Crown will be paid by cheque payable to the “Ontario Minister of Finance” and mailed or delivered to the LHIN at the address provided in section 13.1.

  • Equity Issuance Upon the sale or issuance by the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) of any of its Equity Interests (other than any sales or issuances of Equity Interests to the Borrower or any Subsidiary Guarantor), the Borrower shall prepay an aggregate principal amount of Loans equal to 75% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

  • Subsequent Equity Issuances The Company shall not deliver any Sales Notice hereunder (and any Sales Notice previously delivered shall not apply during such three Business Days) for at least three (3) Business Days prior to any date on which the Company or any Subsidiary offers, sells, issues, contracts to sell, contracts to issue or otherwise disposes of, directly or indirectly, any other shares of Common Stock or any Common Stock Equivalents (other than the Shares), subject to Manager’s right to waive this obligation, provided that, without compliance with the foregoing obligation, the Company may issue and sell Common Stock pursuant to any employee equity plan, stock ownership plan or dividend reinvestment plan of the Company in effect at the Execution Time and the Company may issue Common Stock issuable upon the conversion or exercise of Common Stock Equivalents outstanding at the Execution Time.

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or substantially all of the assets of (a) the Borrower or (b) the Subsidiaries of the Borrower, taken as a whole, except sales of assets between or among the Borrower and Subsidiaries of the Borrower.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Subordinated Disposition Fee If the Advisor or an Affiliate provides a substantial amount of the services (as determined by a majority of the Independent Directors) in connection with the Sale of one or more Properties, the Advisor or an Affiliate shall receive a Subordinated Disposition Fee equal to the lesser of (i) one-half of a Competitive Real Estate Commission or (ii) 3% of the sales price of such Property or Properties. The Subordinated Disposition Fee will be paid only if Stockholders have received total Distributions in an amount equal to the sum of their aggregate Invested Capital and their aggregate Stockholders' 8% Return. To the extent that Subordinated Disposition Fees are not paid by the Company on a current basis due to the foregoing limitation, the unpaid fees will be accrued and paid at such time as the subordination conditions have been satisfied. The Subordinated Disposition Fee may be paid in addition to real estate commissions paid to non-Affiliates, provided that the total real estate commissions paid to all Persons by the Company shall not exceed an amount equal to the lesser of (i) 6% of the Contract Sales Price of a Property or (ii) the Competitive Real Estate Commission. In the event this Agreement is terminated prior to such time as the Stockholders have received total Distributions in an amount equal to 100% of Invested Capital plus an amount sufficient to pay the Stockholders' 8% Return through the Termination Date, an appraisal of the Properties then owned by the Company shall be made and the Subordinated Disposition Fee on Properties previously sold will be deemed earned if the Appraised Value of the Properties then owned by the Company plus total Distributions received prior to the Termination Date equals 100% of Invested Capital plus an amount sufficient to pay the Stockholders' 8% Return through the Termination Date. Upon Listing, if the Advisor has accrued but not been paid such Subordinated Disposition Fee, then for purposes of determining whether the subordination conditions have been satisfied, Stockholders will be deemed to have received a Distribution in the amount equal to the product of the total number of Shares outstanding and the average closing price of the Shares over a period, beginning 180 days after Listing, of 30 days during which the Shares are traded.

  • Asset Disposition If the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) Disposes of any property which results in the receipt by such Person of Net Cash Proceeds in excess of $2,000,000 in the aggregate since the applicable Commitment Termination Date, the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of such Net Cash Proceeds no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

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