Debt Offering. The issuance and sale by the Borrower or any Guarantor of any debt securities of the Borrower or such Guarantor.
Debt Offering. The issuance and sale by Parent Company or any of its Subsidiaries of any debt securities of such Person. Default. See §12.1.
Debt Offering. (I) the Company issues debentures, including debentures convertible into common stock, in exchange for at least U.S.$3,000,000 of net proceeds;
Debt Offering. The issuance and sale to the general public or as a private placement by the Borrower or the Crescent Guarantor subsequent to the date of this Agreement of any debt securities of the Borrower or Crescent Guarantor for cash or the right to receive payment in the future. Debt Service. For any period, the sum of all interest (including capitalized interest) and mandatory principal payments due and payable during such period excluding any balloon payments due upon maturity of any indebtedness.
Debt Offering. The issuance and sale by REIT or any of its Subsidiaries of any debt securities of such Person.
Debt Offering. The issuance and sale to the general public or as a private placement by the Borrower or the Guarantor subsequent to the date of this Agreement of any debt securities of the Borrower or Guarantor for cash or the right to receive payment in the future.
Debt Offering. The Company shall have received gross issuance proceeds from the Debt Offering in a minimum aggregate amount of $225,000,000;
Debt Offering. Buyer shall use its reasonable best efforts to conclude the Debt Offering on or before the Closing Date.
Debt Offering. The issuance and sale by Parent Borrower or any of its Subsidiaries of any debt securities of Parent Borrower. Default. See §12.1.
Debt Offering. The issuance and sale by the Borrower or any Guarantor of any debt securities of the Borrower or such Guarantor; provided, however, in no event shall either of the following be considered a Debt Offering: (i) the issuance by the Borrower or any Guarantor of debt securities which are unsecured obligations of such Person the proceeds of which are used to repay or reduce the Borrower's indebtedness pursuant to any of the Unsecured Notes in accordance with the terms of this Agreement (but only to the extent such proceeds are so used), or (ii) the issuance by the Borrower or any Guarantor of any debt securities for consideration other than for cash or cash equivalents. Debt Service Coverage Amount. At any time determined by the Agent, an amount equal to the maximum principal amount of Loans that may be outstanding pursuant to the following formula: Adjusted NOI ------------ = P 1.5 x D Where P = maximum principal balance of Loans that may be outstanding D = the greater of (a) the greater of (i) the then-current annual yield on ten (10) year obligations issued by the United States Treasury most recently prior to the date of determination plus 2.0% payable on a 25-year mortgage style amortization schedule (expressed as a decimal), or (ii) .095, and (b) the actual blended rate of interest then payable with respect to the Loans (expressed as a decimal) NOI = the product of (a) Net Operating Income from the Mortgaged Properties for the preceding two (2) fiscal quarters most recently ended multiplied by (b) two (2) Adjusted NOI = the sum of (a) NOI less (b) the Capital Improvement Reserve Attached hereto as Schedule 2 is an example of the calculation of Debt Service Coverage Amount (such example is meant only as an illustration based upon the assumptions set forth in such example, and shall not be interpreted so as to limit the Agent in its good faith determination of the Debt Service Coverage Amount hereunder as hereinafter provided). The determination of the Debt Service Coverage Amount and the components thereof by the Agent shall, so long as the same shall be determined in good faith, be conclusive and binding absent manifest error. Default. See (S)12.1.
