Certified Indebtedness definition

Certified Indebtedness means all indebtedness for borrowed money (including the current portion thereof) of the Companies, and any and all accrued interest, prepayment premiums, make-whole premiums or penalties and fees or expenses associated with the prepayment of such indebtedness.
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Certified Indebtedness has the meaning set forth in Section 3.2(e).
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Certified Indebtedness means, collectively, the Certified Company Indebtedness and the Certified Owned Real Property Indebtedness.
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Examples of Certified Indebtedness in a sentence

  • Buildbot [10] is a flexible continuous integration frame- work used to automate the process of building, testing and releasing software.

  • If the amount of the MCC-assisted mortgage or Certified Indebtedness Amount increases, the Program Administrator must be notified.

  • Certified Indebtedness Amount: The amount of indebtedness which: a) the Borrower incurs to purchase the residence, and b) is specified in the Mortgage Credit Certificate.

  • No interest on the Certified Indebtedness Amount of the Loan can be paid to a person who is a “related person” to the MCC holder, as the term is defined in Section 25(e)(6) of the Code and Regulations.

  • Based upon the assumptions made in Exhibit B, in the 24th year, the allowable tax credit with respect to the Certified Indebtedness Amount ($846.28) would exceed the tax credit that would otherwise have been allowable under the prior mortgage loan ($841.95).

  • To Calculate the Certified Indebtedness Ratio: a) For the FIRST refinance of the borrower’s ORIGINAL Loan go to number 3 below.

  • If the amount borrowed to refinance exceeded the outstanding principal amount of the mortgage loan at the time of refinancing (which typically would be the case if the borrower financed closing costs), the Certified Indebtedness Amount set forth on the reissued MCC will be less than the principal amount of the new mortgage loan.

  • The Certified Indebtedness Amount set forth on the reissued MCC is equal to the outstanding principal amount of the prior mortgage loan at the time of refinancing.

  • Original Purchase Closing Date of Initial Mortgage Original Certified Indebtedness Amount Maturity Date of Original Mortgage Name of Mortgagor(s) Property Address I have subsequently refinanced the mortgage loan for which the above referenced MCC applied.

  • The Federal tax laws only allow a tax credit for interest paid with respect to the Certified Indebtedness Amount, which in such case will generally be less than the actual amount of interest paid in any tax year on the new mortgage loan.


More Definitions of Certified Indebtedness

Certified Indebtedness means the aggregate amount of Indebtedness of the Company and its Affiliates.
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Related to Certified Indebtedness

  • Specified Indebtedness means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

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

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

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

  • Designated Indebtedness has the meaning assigned to such term in the Guarantee and Security Agreement.

  • 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 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.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Pledged Indebtedness means the Indebtedness evidenced by promissory notes and instruments listed on Part B of Schedule I hereto;

  • 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.

  • Refinance Indebtedness has the meaning assigned to such term in Section 6.01(f).

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Permitted Indebtedness means, without duplication, each of the following:

  • Additional Debt With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that is secured by the related Mortgaged Property.

  • Restricted Indebtedness means Indebtedness of Holdings, the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 6.09(b).

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

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Consolidated Secured Indebtedness means, as of any date of determination, Consolidated Total Debt that is secured by a Lien on any assets of Borrower and its Subsidiaries.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Permitted Unsecured Indebtedness Indebtedness of any Loan Party (a) that is not (and any Guarantees thereof by any Loan Party are not) secured by any collateral (including the Collateral), (b) that does not mature earlier than the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted average life to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence of such Indebtedness, (c) that does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, customary asset sale or event of loss mandatory offers to purchase and customary acceleration rights after an event of default and, for the avoidance of doubt, rights to convert or exchange into Capital Stock of the Borrower in the case of convertible or exchangeable Indebtedness) prior to the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof, (d) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and agreed that such Indebtedness shall not include any financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), are not more favorable to the lenders or investors providing such Permitted Unsecured Indebtedness, as the case may be, than those set forth in the Loan Documents are with respect to the Lenders (other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive, and (e) that is not guaranteed by any Person other than on an unsecured basis by the Borrower and/or Restricted Subsidiaries that are Loan Parties.