Examples of Construction Debt in a sentence

The term of this Agreement commences on Start Date and ends on Expiry Date unless terminated by either party in writing prior to the end date.
As part of the agreement, the Construction Debt and Operating Debt are to be repaid out of the Company’s share of the Ramu Mine’s operating surpluses (sales revenue less operating costs and ongoing capital expenditure).
Seltzer’s calculation of Construction Debt Service is based on the interest rate calculated above and an average MMRB loan balance of 57% during the construction period.
In addition to formula aid for PreK-12 education, $522.5 million is recommended for debt service on School Construction Bonds issued by the New Jersey Economic Development Authority, $67.4 million is recommended in School Building Aid to school districts, and $57.4 million is recommended for School Construction Debt Service Aid to school districts.
Additionally, when the Company has repaid the Operating and Construction Debt, the Company will have the option to purchase an additional 9.25% interest in the Ramu Mine at market value, which if exercised would take the Company’s interest to 20.55%.

More Definitions of Construction Debt

Construction Debt means an amount owed:

Construction Debt means, at any time, on a consolidated basis, Indebtedness incurred to fund the construction of any asset required by the Issuer for the Business including the costs to purchase any related equipment provided that such asset and equipment will form part of the rate base regulated by the Alberta Utilities Commission;

Construction Debt means the outstanding balance under that certain credit agreement dated January 2020, as amended, by and between, among others, 0000 Xxxxx Xxxxxx Limited Partnership, as borrower, and the Construction Lenders, as lenders.

Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net

Construction Debt or "Financing" for any purpose under the Lease. Statements required under Section 3.03(B) of the Lease shall also include computation of Debt Service (including its components) and Construction Debt used in any calculation of Percentage Rent. No later than nineteen (19) months after Substantial Completion of Phase 3, Tenant shall furnish to Landlord the exact amount of the Construction Debt, together with such detail as will enable Landlord to verify its calculation as being an amount not to exceed seventy-five percent (75%) of the Costs of Construction. Within nineteen (19) months after Substantial Completion of a Phase, Tenant shall furnish Landlord information on the allocation of actual Construction Costs to such Phase. Within thirty (30) days after disbursement of the Bond proceeds, Tenant shall furnish Landlord the allocation of Costs of Construction for Phases which have previously been Substantially Completed and which are being reimbursed from the Bond proceeds. Tenant shall retain information on Costs of Construction and their allocation between Phases for future use and furnish Landlord such information as may be required from time to time to calculate Percentage Rent throughout the Term.