Allocable Debt definition

Allocable Debt means, with respect to any Railcar as of any date of determination, the product of (x) the Allocable Percentage related to such Railcar immediately prior to such date multiplied by (y) the aggregate outstanding principal amount of the Loans as of such date.
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Allocable Debt means, at any date, the aggregate principal amount then outstanding under the Facility A Loans and the Notes.
Sample 1
Allocable Debt means with respect to either of Coffeyville Nitrogen Fertilizers, Inc. or Coffeyville Refining & Marketing, Inc. in the case of any Major Asset Disposal the product of (i) the Allocated Percentage and (ii) the principal amount, together with accrued and unpaid interest and Fees, of the Term Loan outstanding as of the Closing Date of such Major Asset Disposal, with appropriate adjustments to take into account any partial prepayments. "Allocated Percentage" means (a) 50% for Coffeyville Nitrogen Fertilizers, Inc. and (b) 50% for Coffeyville Refining & Marketing, Inc.
Sample 1

Examples of Allocable Debt in a sentence

  • At any time and from time to time following the occurrence of the Term Maturity Date, the Borrower’s failure to consummate Railcar sales and to repay the outstanding principal amount of the Loans in an amount equal to the aggregate of the Allocable Debt for each Railcar so requested to be sold (plus interest thereon) within six (6) months of the first notice from the Collateral Agent to consummate such sales.

  • If the Stock Sale Tentative Repayment Amount is equal to or less than the Allocable Debt of the Acquired Corporation, then an amount of the Term Loans equal to the amount of the Stock Sale Tentative Repayment Amount shall be paid to the Term Lenders at the closing of such sale.

  • Any amount so remitted by Developer shall be used solely to pay the Allocable Debt Service on the Public Infrastructure Bonds.

  • In the case of a Major Asset Disposal that is an Asset Sale, if the Asset Sale Tentative Repayment Amount is equal to or less than the Allocable Debt of the Selling Corporation, the Selling Corporation shall no later than the third Business Day following the Major Asset Disposal prepay on behalf of Borrowers an amount of the Term Loan equal to the amount of the Asset Sale Tentative Repayment Amount.

  • Any amount drawn on the Letter of Credit shall be used solely to pay the Allocable Debt Service on the Public Infrastructure Bonds.

  • In addition, at such time, (i) Holdings shall be deemed to distribute to its holders an amount equal to the Stockholder Tax, and (ii) shall prepay on behalf of the Non-Acquired Corporation and the Borrowers any sums payable and not already paid as set out above together with an amount equal to the excess, if any of (x) the Stock Sale Tentative Repayment Amount over (y) the sum of Allocable Debt of the Acquired Corporation prepaid as described in the preceding sentence and the Stockholder Tax.

  • The Parties further agree that, except for such prior payment, the provisions in the Original DEC Development Agreement relating to the City’s Annual Contribution to Allocable Debt Service have been deleted herein.

  • The Parties further acknowledge that the special assessments levied against the Development Site, in accordance with the Amended (Second) Assessment Petition and Article VII of this Agreement, will be used by City for the purposes described in Section 7.5. To further secure the payment of the Allocable Debt Service, Developer agrees to deliver and maintain a Letter of Credit in accordance with Section 6.4.

  • If on the fourteenth day prior to the date on which Debt Service is payable, City has not received the amount of the Debt Service Deficiency (if any and as may be reduced above) from Developer, City will be entitled to draw on the Letter of Credit in an amount sufficient, together with the Amount Available for Allocable Debt Service, to pay the Debt Service Deficiency (if any and as may be reduced above).

  • In the case of a Major Asset Disposal that is a Stock Sale, the Stock Sale shall be structured such that the purchaser agrees that an amount of the Stock Sale Tentative Repayment Amount, up to the amount of the Allocable Debt of the Acquired Corporation, shall be paid to the Term Lenders, on behalf of the Acquired Corporation and the Borrowers, and that consideration in excess of such amount shall be paid to Holdings, subject to the provisions hereof.

Related to Allocable Debt

  • Attributable Debt in respect of a sale and leaseback transaction means, at the time of determination, the present value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Allocable Amount has the meaning specified in Section 10.21(d).

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Debt Amount means all accrued and unpaid interest and any “make whole” payments or breakage fees (less any breakage benefits) which Project Co is obligated to pay to Lender pursuant to the Lending Agreements, together with the outstanding principal amount of debt funded under the Lending Agreements.

  • Allocable Excess Proceeds will mean the product of:

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Aggregate Debt means the sum of the following as of the date of determination: (1) the lesser of (A) the then outstanding aggregate principal amount of the Indebtedness of the Company and its Domestic Restricted Subsidiaries incurred after the Issue Date and secured by Liens not permitted under Section 4.09(a) and (B) the fair market value of the assets subject to the Liens referred to in clause (A), as determined in good faith by the Board of Directors; (2) the then outstanding aggregate principal amount of all consolidated Indebtedness of the Company and its Domestic Restricted Subsidiaries that constitutes Subsidiary Debt incurred after the Issue Date and not permitted under Section 4.07(b); provided, that any such Subsidiary Debt will be excluded from this clause (2) to the extent that such Subsidiary Debt is included in clause (1) or (3) of this definition; and (3) the then existing Attributable Liens of the Company and its Domestic Restricted Subsidiaries in respect of sale and lease-back transactions entered into after the Issue Date pursuant to Section 4.08(b); provided, that any such Attributable Liens will be excluded from this clause (3) to the extent that such Indebtedness relating thereto is included in clause (1) or (2) of this definition. For the avoidance of doubt, in no event will the amount of Indebtedness (including Guarantees of such Indebtedness) be required to be included in the calculation of Aggregate Debt more than once despite the fact that more than one Person is liable with respect to such Indebtedness and despite the fact that such Indebtedness is secured by the assets of more than one Person.

  • Allocable Share means Allocable Share as that term is defined in the Master Settlement Agreement.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Acquisition Debt means any Indebtedness incurred by the Borrower or any of its Subsidiaries for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Borrower, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to the Borrower and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Borrower and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

  • Closing Indebtedness Amount means, as of immediately prior to the Effective Time, the aggregate amount of Indebtedness of the Company, including all accrued and unpaid interest, prepayment penalties or fees, and other unpaid fees and expenses payable in respect of such Indebtedness through the Effective Time.

  • Allocable Portion for purposes of this Plan, means (1) if there is one Distributor, all Earned Distribution and Earned Servicing Fees; or (2) if there are two or more Distributors, the portion of the Earned Distribution Fee and Earned Servicing Fee allocated to a Distributor in accordance with any allocation procedures to which each Distributor shall agree and which accurately allocates the Earned Distribution and Earned Servicing Fees among all Distributors in proportion to the outstanding New Class X Shares attributable to their respective efforts.

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Applicable Indebtedness has the meaning specified in the definition of “Weighted Average Life to Maturity.”

  • Acquisition Expenses means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership, the Advisor or any of their Affiliates in connection with the selection, evaluation, acquisition, origination, making or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and communications expenses, brokerage fees, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, title insurance premiums and the costs of performing due diligence.

  • Excluded Amount means, as of any date of determination, with respect to any Asset: (a) any amount that is attributable to the reimbursement of payment by the applicable Borrower of any tax, fee or other charge imposed by any Governmental Authority on such Asset, (b) any interest or fees (including origination, agency, structuring, management or other up-front fees) that are for the account of the applicable Person from whom the applicable Borrower purchased such Asset, (c) any reimbursement of insurance premiums relating to such Asset, (d) any escrows relating to taxes, insurance and other amounts in connection with such Asset which are held in an escrow account for the benefit of the applicable Borrower pursuant to escrow arrangements under the Investment Documents and (e) any amount deposited into the Asset Account in error.

  • Acquisition Value of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Common Stock in connection with such Public Acquirer Change of Control, as follows: