Base Senior Debt Termination Amount definition

Base Senior Debt Termination Amount means, subject to Clause 4.3: all amounts outstanding at the Termination Date, including interest and Default Interest accrued as at that date, from Sub-hubco to the Senior Funders in respect of Permitted Borrowings (other than in respect of Additional Permitted Borrowing); and all amounts including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by Sub-hubco to the Senior Funders as a result of a prepayment in respect of Permitted Borrowings (other than in respect of Additional Permitted Borrowing), or, in the case of early termination of interest rate hedging arrangements only, as a result of termination of this Agreement, subject to Sub-hubco and the Senior Funders mitigating all such costs to the extent reasonably possible; less, to the extent it is a positive amount the aggregate of (without double counting in relation to the calculation of the Base Senior Debt Termination Amount or the amounts below) any amounts claimable on or after the Termination Date in respect of Contingent Funding Liabilities; all amounts including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by the Senior Funders to Sub-hubco as a result of prepayment of amounts outstanding in respect of Permitted Borrowings (other than in respect of Additional Permitted Borrowing), or, in the case of early termination of interest rate hedging arrangements only, as a result of termination of this Agreement; all other amounts received by the Senior Funders on or after the Termination Date and before the date on which any compensation is payable by the Authority to Sub-hubco as a result of enforcing any other rights they may have; and all credit balances on any bank accounts (but excluding the Insurance Proceeds Account) held by or on behalf of Sub-hubco on the Termination Date;

Base Senior Debt Termination Amount has the meaning given in Section 6 (Definitions) of Schedule Part 17 (Compensation on Termination);

Base Senior Debt Termination Amount means, subject to Clause 47.3 (

Examples of Base Senior Debt Termination Amount in a sentence

• The Authority shall be entitled to rely on the certificate of the [Senior Funders' Agent] as conclusive as to the amount of the Base Senior Debt Termination Amount or Revised Senior Debt Termination Amount (as the case may be) outstanding at any relevant time.

• Interest Where the Authority elects to pay the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in instalments pursuant to clause 56.2 (Instalments), from the Notice Date until the date of payment, interest shall accrue on any unpaid element of the Termination Sum at the Senior Debt Rate and be payable on the next occurring Instalment Date.

• Payment of Outstanding Element If the Authority has elected to pay in accordance with clause 56.2 (Instalments) it may (on twenty (20) Business Days' prior written notice to the Contractor) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) together with any interest accrued pursuant to clause 56.3 (Interest) in full on any Instalment Date.

• The Province shall be entitled, but shall not be obligated, to rely on a certificate of the Agent as conclusively establishing the amount of the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount outstanding at any relevant time.

• If the Authority has elected to pay in accordance with paragraph 1.2 above, it may (on 28 days’ prior written notice to DBFM Co) elect to pay the outstanding part of the Adjusted Estimated Fair Value of the Agreement or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.

More Definitions of Base Senior Debt Termination Amount

Base Senior Debt Termination Amount means, subject to clause 61 (Changes to Financing Agreements and Project Documents):

Base Senior Debt Termination Amount means, subject to Section 5.14 [Changes Not to Increase Province’s Liability], the aggregate, without duplication, of:

Base Senior Debt Termination Amount means, subject to Paragraph 4 of Part H (Calculation and Payment of Termination Sums) of Schedule 6 (Expiry, Events of Default, Termination and Force Majeure):

Base Senior Debt Termination Amount. 52 means: all amounts outstanding at the Termination Date, including interest and Default Interest accrued as at that date, from PPP Co., to the Senior Lenders under the Senior Funding Agreements53 and in respect of Permitted Borrowing; and all amounts including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by PPP Co. to the Senior Lenders as a result of a payment under the Senior Funding Agreements54 and in respect of Permitted Borrowings subject to PPP Co. and the Senior Lenders mitigating all such costs to the extent reasonably possible; less, to the extent it is a positive amount, the aggregate of (without double counting in relation to the calculation of the Base Senior Debt Termination Amount or the amounts below): all credit balances55 on any bank accounts (but excluding the Joint Insurance Account)56 held by or on behalf of PPP Co.57 on the Termination Date; any amounts claimable on or after the Termination Date in respect of Contingent Funding Liabilities; all amounts, including costs of early termination of interest rate hedging arrangements and other breakage costs, payable by the Senior Lenders to PPP Co. as a result of prepayment of amounts outstanding under the Senior Funding Agreements and in respect of Permitted Borrowing; any Additional Permitted Borrowing and any interest and Default Interest on such Additional Permitted Borrowing; and all other amounts received by the Senior Lenders on or after the Termination Date and before the date on which any compensation is payable by the Authority to PPP Co. as a result of enforcing any other rights they may have;

Base Senior Debt Termination Amount. Business Day"; "Certification Requirements";

Base Senior Debt Termination Amount. Certification Requirements" "Core Investment Programme"

Base Senior Debt Termination Amount. Collateral Warranty"