Releveraging Sample Clauses

Releveraging. If at the end of any fiscal quarter, the Funded Debt Ratio (as defined in the Credit Agreement) is less than 4.5 to 1, at the request of the Blackstone Holding II Representatives, the Manager shall cause the Partnership to use commercially reasonable efforts to incur additional indebtedness (or refinance its existing indebtedness) so that the Partnership's Funded Debt Ratio on a pro forma basis giving effect to the incurrence of such additional indebtedness and the distribution referred to below is approximately 4.5x ; provided, however, that following such incurrence or refinancing of indebtedness the average weighted life to maturity of the Partnership's Indebtedness (as defined in the Credit Agreement) shall be no less than the average weighted life to maturity of the Partnership's Indebtedness prior to such incurrence or refinancing and provided, further that the maximum aggregate amount of indebtedness required to be incurred (or refinanced) pursuant to this Section 19(i) shall be limited to the aggregate amount invested by the Blackstone Partners and UniCo in the Partnership on or following the date hereof. The Manager shall cause the Partnership to make a distribution to the Partners of the net proceeds of such indebtedness in the manner set forth in Section 19(b), after paying all expenses related to the incurrence of such indebtedness.
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Releveraging. Upon the occurrence of an adjustment of Basic Rent and the schedules of Casualty Values, Special Casualty Values and Termination Values pursuant to Section 3 (d) of the Facility Lease, subject to the conditions set forth in Section 11(c) and the following sentence, on the Releveraging Date the Loan Participant agrees to lend to the Owner Trustee, on a non-recourse basis, an additional amount (the Releveraging Loan) equal to the Releveraging Amount. There may be up to two Releveraging Loans under this Section.2(c), the Releveraging Date or Dates of which shall be mutually acceptable to the Lessee, the Owner Participant and the Loan Participant provided, however, that (i) any modifications of the Transaction Documents to effect a Releveraging Loan shall satisfy the provisions of Revenue Procedure 75-21, Revenue Procedure 75-28 and any other applicable statute, regulation, revenue procedure, revenue ruling or technical information release relating to the subject matter of such revenue procedures and (ii) such modifications (after giving effect to any adjustments pursuant to Section 3(d) of the Facility Lease) shall not, in the opinion of Shearman & Sterling, adversely affect the tax benefits contemplated by the Owner Participant in entering into the transactions contemplated by this Participation Agreement and the other Transaction Documents. Proceeds of a Releveraging Loan shall be paid directly to the Indenture Trustee, in immediately available funds, at the Indenture Trustee's Office, and such proceeds shall be applied as a partial refund of the Investment. Each Releveraging Loan shall be evidenced by a Releveraging Note, which Note shall be issued by the Owner Trustee under and pursuant to the Indenture, be in the principal amount of the Releveraging Loan, bear interest at the rate or rates per annum and be payable, in each case as set forth in, or determined under, the Indenture.

Related to Releveraging

  • Unauthorized Settlements To indemnify the Indemnitee hereunder for any amounts paid in settlement of a proceeding unless the Company consents in advance in writing to such settlement, which consent shall not be unreasonably withheld; or

  • Borrower Information Borrower shall make available to Lender all information concerning its business and operations that Lender may reasonably request. Lender agrees that it shall maintain in confidence any information relating to Borrower, Guarantor, any of their subsidiaries, their businesses or the Properties furnished to it by or on behalf of Borrower, Guarantor or any of their subsidiaries; provided that Lender shall have the right to disclose any and all such information (i) to affiliates of Lender and to Lender’s agents and advisors (so long as each such Person shall have been instructed to keep the same confidential in accordance with this Section 7.23), (ii) to any actual or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of all or any portion of the Loan or any participations therein and their respective advisors and agents, or to any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations, or to any Person that is a party to a repurchase agreement with respect to the Loan (so long as each such Person shall have been instructed to keep the same confidential in accordance with this Section 7.23) and (iii) to any governmental agency, if requested by such governmental agency or otherwise required to comply with the applicable rules and regulations of such governmental agency or if required pursuant to legal or judicial process. In addition, Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service providers to Lender in connection with the administration and management of this Agreement and the other Loan Documents. Each party hereto (and each of their respective affiliates, employees, representatives or other agents) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of the Loan, this Agreement, the other Loan Documents, the transactions contemplated thereby and all materials of any kind (including opinions and other tax analyses) that are provided to any such party relating to such tax treatment and tax structure. For the purpose of this Section, “tax structure” means any facts relevant to the federal income tax treatment of the Loan, this Agreement, the other Loan Documents, the transactions contemplated thereby but does not include information relating to the identity of any of the parties hereto or any of their respective affiliates.

  • Market Activities The Company will not, directly or indirectly, (i) take any action designed to cause or result in, or that constitutes or might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Common Stock or (ii) sell, bid for or purchase the Common Stock, or pay anyone any compensation for soliciting purchases of the Common Stock.

  • Distributions by the Facility Agent Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 31.3 (Distributions to an Obligor) and Clause 31.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

  • Holding and Using Posted Collateral (i) Eligibility to Hold Posted Collateral; Custodians. Counterparty and its Custodian will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied:

  • Certain Trading Activities Other than with respect to the transactions contemplated herein, since the time that such Purchaser was first contacted by the Company or any other Person regarding the transactions contemplated hereby, neither the Purchaser nor any Affiliate of such Purchaser which (x) had knowledge of the transactions contemplated hereby, (y) has or shares discretion relating to such Purchaser’s investments or trading or information concerning such Purchaser’s investments, including in respect of the Securities, and (z) is subject to such Purchaser’s review or input concerning such Affiliate’s investments or trading (collectively, “Trading Affiliates”) has directly or indirectly, nor has any Person acting on behalf of or pursuant to any understanding with such Purchaser or Trading Affiliate, effected or agreed to effect any purchases or sales of the securities of the Company (including, without limitation, any Short Sales involving the Company’s securities). Notwithstanding the foregoing, in the case of a Purchaser and/or Trading Affiliate that is, individually or collectively, a multi-managed investment bank or vehicle whereby separate portfolio managers manage separate portions of such Purchaser’s or Trading Affiliate’s assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Purchaser’s or Trading Affiliate’s assets, the representation set forth above shall apply only with respect to the portion of assets managed by the portfolio manager that have knowledge about the financing transaction contemplated by this Agreement. Other than to other Persons party to this Agreement, such Purchaser has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction). Notwithstanding the foregoing, for avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions, with respect to the identification of the availability of, or securing of, available shares to borrow in order to effect short sales or similar transactions in the future.

  • Platform (i) Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make the Communications (as defined below) available to the Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”).

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