Permitted Financings mean (i) Specified Debt; (ii) equity offerings that are being made for the purpose of making (and concurrent with the completion of) a Strategic Acquisition; (iii) any financing used either to refinance existing senior indebtedness maturing within 6 months of the date of such financing or to replace capital currently existing by way of subordinated debt with third parties or by way of the outstanding “Manulife Financial Capital Securities” or “MaCS” so long as such subordinated debt or “MaCS” is in fact repaid or redeemed, respectively, within 6 months of raising the replacement capital therefor; (iv) issuing new letters of credit in connection with implementing the Proceeds Utilization Transactions; and (v) ordinary course of business operational cash management and funding activities which include (a) repo transactions, (b) utilizations of existing bank lines and existing letters of credit, (c) deposit notes issued by Manulife Bank of Canada, (d) product offerings by way of “Signature Notes” and “Market Valuation Adjustment” programs and (e) appropriate reinsurance transactions.
Permitted Financings. Indebtedness of Commercial Company or Land Company or any of their respective Controlled Subsidiaries (including without limitation obligations under completion guaranties but excluding the Loans and Indebtedness permitted pursuant to Section 8.1(h) incurred to a Person unrelated or unaffiliated with any Borrower, any of the General Partners, any Guarantor or any of a Borrower's Controlled Subsidiaries in a bona fide transaction), provided such Indebtedness: (ab) does not exceed $125,000,000.00 in the aggregate, of which amount the amount which is recourse to Commercial Company or Land Company or any of their respective Controlled Subsidiaries does not exceed $50,000,000.00 in the aggregate (in calculating such $125,000,000.00 limit, only Commercial Company's or Land Company's allocable share of Indebtedness of its respective Controlled Subsidiaries shall be included);
Permitted Financings. (i) Harco may from time to time Transfer its Designated Collateral (or any portion thereof) allocated to the General Interest or other assets from time to time allocated to the General Interest pursuant to Permitted Financings. A Permitted Financing may provide for Transfers of Designated Collateral by Harco from the General Interest or a Portfolio Interest on one or more specified dates or from time to time. In the event that such Transfers are to occur on more than a single date, the provisions of this Section 2.2 with respect to the Collateral Agent's Security Interests shall take effect on the date of the Transfer with respect to any Designated Collateral which is so Transferred (unless otherwise provided in a Notice of Permitted Financing or a Collateral Supplement). A Notice of Permitted Financing shall not be required in connection with a Permitted Financing if there is a Collateral Supplement relating to such Permitted Financing.
Permitted Financings. A Party may, for the purposes of financing its contributions hereunder in connection with any production program to place a mine into production on the Property, assign, transfer, mortgage, pledge, charge, hypothecate or grant another form of security interest or all or any portion of its Ownership Interest.
Permitted Financings mean (i) Specified Debt; (ii) equity offerings that are being made for the purpose of making (and concurrent with the completion of) a Strategic Acquisition; (iii) any financing used either to refinance existing senior indebtedness maturing within 6 months of the date of such financing or to replace capital currently existing by way of subordinated debt with third parties or by way of the outstanding “Manulife Financial Capital Securities” or “MaCS” so long as such subordinated debt or “MaCS” is in fact repaid or redeemed, respectively, within 6 months of raising the replacement capital therefor; (iv) issuing new letters of credit in connection with implementing the Proceeds Utilization Transactions or the purposes specified in Section 2.2; (v) one or more financings (including any refinancing of any such financing done on a bridge basis) by the Borrower or any of its wholly-owned Subsidiaries designated by the Borrower as replacement financing for the US$500 million of 5.625% senior notes of JHFS due December 1, 2008 and that, in any such case, is completed within 6 months of the maturity date thereof (which financing or financings may, for greater certainty, be denominated in C$ in which case the aggregate amount permitted under this clause (v) will be an amount representing the Borrower’s reasonable estimate of the C$ amount required to effect such refinancing in full); and (vi) ordinary course of business operational cash management and funding activities which include (a) repo transactions, (b) utilizations of existing bank lines and existing letter of credit facilities (and replacements therefor provided the amount thereof is not increased), (c) deposit notes issued by Manulife Bank of Canada, (d) product offerings by way of “Signature Notes” and “Market Valuation Adjustment” programs and (e) appropriate reinsurance transactions.
Permitted Financings
