Completion Indebtedness means any Long-Term Indebtedness incurred by the Company for the purpose of financing the completion of the acquisition, construction or equipping of the facilities for which Long-Term Indebtedness has theretofore been incurred in accordance with the provisions of the Loan Agreement, to the extent necessary to provide a completed and equipped facility of the type and scope contemplated at the time that such Long-Term Indebtedness theretofore incurred was originally incurred, and, to the extent the same shall be applicable, in accordance with the general plans and specifications for such facility as originally prepared with only such changes as have been made in conformance with the documents pursuant to which such Long-Term Indebtedness theretofore incurred was originally incurred.
Completion Indebtedness means any Indebtedness incurred by the Lessee for the purpose of financing the completion of any project for which any Indebtedness has theretofore been issued or incurred.
Completion Indebtedness means any Long-Term Indebtedness (i) incurred by any Person for the purpose of financing the completion of constructing or equipping Property with respect to which Long-Term Indebtedness was theretofore incurred in accordance with the provisions hereof, and (ii) in a principal amount not in excess of the amount required (a) to provide a completed and equipped Property of substantially the type and scope contemplated at the time such prior Long-Term Indebtedness was incurred, (b) to provide for capitalized interest during the period of construction, (c) to capitalize a reserve with respect to such Completion Indebtedness and (d) to pay the costs and expenses of issuing such Completion Indebtedness.
Examples of Completion Indebtedness in a sentence
At Completion, no member of the Target Group will have outstanding any Borrowings other than Completion Indebtedness.
Any Completion Indebtedness and the USDA Direct Loan Bonds and the REC Loan Note may be issued without meeting the requirements of Section 9 of the Master Bond Resolution.
So long as the Series 2015B Note is outstanding and notwithstanding Section 9 of the Master Bond Resolution, the City and the Hospital shall not incur, without the written consent of the Bank, (a) any Parity Obligations other than the USDA Direct Loan Bonds and the REC Loan and any Completion Indebtedness, or (b) any Subordinate Obligations.
At least five (5) Business Days before the Completion Date, the Seller shall prepare and deliver to the Purchaser a draft of the Completion Indebtedness Certificate and the Completion Transaction Expenses Certificate and a written notice setting out its good faith estimates of the amount of the Estimated Cash and Estimated Working Capital, in each case, assuming completion of the Restructuring, and the resulting calculation of the Completion Payment (the “Estimates Statement”).
More Definitions of Completion Indebtedness
Completion Indebtedness means Long-Term Indebtedness incurred for the purpose of financing, without materially changing the scope thereof, (a) the completion of facilities for which Long-Term Indebtedness was previously incurred under this Loan Agreement, or (b) the improvement, replacement or substitutions for, or additions to, facilities for which Long-Term Indebtedness was previously incurred, necessitated by faulty design, damage to or destruction of such facilities, or required by enactment of legislation or the promulgation of any ruling affecting the operation of the Corporation by a government agency.
Completion Indebtedness means the aggregate of all borrowings and other financial indebtedness in the nature of borrowings (including but not limited to bank loans, the outstanding capital and interest payments of financial and operating leases, shareholder loans and outstanding pension obligations) of the Company, as at 6.00pm on the Completion Date, as shown in the Completion Statement;
Completion Indebtedness means the aggregate of all borrowings and other financial indebtedness of the Company in the nature of borrowings, including but not limited to bank loans, the outstanding capital and interest payments of financial and operating leases, shareholder loans and outstanding pension obligations, all obligations to pay the deferred purchase price or acquisition price of property or services, or similar payment, including any “earnout” or similar payments or any non-compete payments; all liabilities evidenced by a note, bond, debenture, or similar contract (including a purchase money obligation), all liabilities under any interest rate swap, hedging, or similar agreements, all liabilities in respect of any off-balance sheet transactions, all liabilities for prepaid deferred revenue and customer incentive programs or payments, liabilities for any accrued Taxes; and all obligations of another person of the types listed above, payment of which is guaranteed by, or secured by Encumbrances on the property of (with respect to liens, to the extent of the value of property pledged pursuant to such Encumbrances if less than the amount of such obligations), such person but shall exclude the BSC Loan Note Redemption Amount;
Completion Indebtedness means Long-Term Indebtedness of the Corporation incurred for the purpose of financing, without materially changing the scope thereof, (a) the completion of facilities for which Long-Term Indebtedness was previously incurred under the provisions of the Loan Agreement, or
Completion Indebtedness means any Long-Term Indebtedness incurred by any Member of the Obligated Group for the purpose of financing the completion of constructing or equipping facilities for the construction or equipping of which Long-Term Indebtedness has theretofore been incurred, to the extent necessary to provide a completed and equipped facility of the type and scope contemplated at the time such prior Long-Term Indebtedness was originally incurred, and for the purpose of financing a related debt service reserve fund, if any and capitalized interest, if any.
Completion Indebtedness means any additional Long-Term Indebtedness incurred by the Association for the purpose of financing, without materially changing the scope thereof, (a) the completion of facilities for which Long-Term Indebtedness has been incurred, or (b) the improvement, replacement or substitutions for, or additions to, facilities of the Association for which Long-Term Indebtedness has been incurred, necessitated by faulty design, damage to or destruction of such facilities, or required by enactment of legislation or the promulgation of any ruling affecting the operation of the Association by a government agency.
Completion Indebtedness means any Long-Term Indebtedness (i) incurred by any Person for the purpose of financing the completion of constructing or equipping Property with respect to which Long-Term Indebtedness was theretofore incurred in accordance with the provisions hereof, and (ii) in a principal amount not in excess of the amount required (a) to provide a completed and equipped Property of substantially the type and scope contemplated at the time such prior Long-Term Indebtedness was incurred, (b) to provide for capitalized interest during the period of construction, (c) to capitalize a reserve with respect to such Completion Indebtedness and (d) to pay the costs and expenses of issuing such Completion Indebtedness;