Cap Period definition
Examples of Cap Period in a sentence
Notwithstanding any of the terms of this Agreement to the contrary, other than in connection with the Loan Documents, the Borrower will not, and will not permit any of its subsidiaries to, create, assume, incur, Guarantee (as defined in any Senior Note Document) or otherwise become liable for or suffer to exist Aggregate Debt (as defined in any Senior Note Document) in excess of $150,000,000 in the aggregate at any time outstanding during the Cap Period (as defined in the U.S. Guarantee Agreement).
A Subsequent Cap must have an effective date not later than the day following the last day of the Initial Cap Period or any Subsequent Cap Period.
If the Bonds are issued bearing interest at the Floating Rate, the Cap must be in place on the Closing Date for a period beginning on the Closing Date and ending not earlier than the date which is the fifth (5th) anniversary of the Closing Date (the "Initial Cap Period").
The notional amount of any Cap shall be based on the principal amount of the Bonds outstanding less the amount of monies in the Principal Reserve Fund immediately prior to the commencement of a Cap Period.
An Existing Investor shall have no obligations under this Section 7.13(c) for Excess G&A Obligations during any Cap Period Extension to the extent that such Existing Investor did not own Common Units or Subordinated Units immediately prior to the Cap Period Extension.
The Existing Investors (or their permitted transferees) shall agree on the amount of the G&A Cap during any such Cap Period Extension.
Subject to the other terms of Article 16, additional Caps (each, a "Subsequent Cap") shall be purchased by Borrower (i) upon the expiration of the Cap in place for the Initial Cap Period, and (ii) if elected by the Borrower, at the time any Additional Variable Advance is made.
During the Cap Period, if and to the extent the voting power of the outstanding Voting Securities beneficially owned by ▇▇.
Thereafter, the parties shall correct the incorrect information and complete the incomplete information and adjust Base Rate Costs and Schedule 3, if necessary, based on the corrected or completed information as reasonably and mutually determined by the parties hereto in such a manner such that ASA could reasonably achieve an [***] Margin Cap Margin if ASA performs in accordance with the terms and conditions set forth in this Agreement on an annual basis for each year during the Margin Cap Period.
The Existing Investors and their permitted transferees shall agree on the amount of the G&A Cap during any such Cap Period Extension.