Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date:
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date:
i. The principal amount of the debt provided by the Senior Lenders under the Financing Agreements for financing the Total Project Cost (the ‘Principal’) but excluding any part of the principal that had fallen due for repayment 2 (two) years prior to the Transfer Date;
ii. All accrued interest, financing fees and charges payable under the Financing Agreements on, or in respect of, the debt referred to in sub-clause (i) above until the Transfer Date but excluding: (i) any interest, fees or charges that had fallen due one year prior to the Transfer Date, (ii) any penal interest or charges payable under the Financing Agreements to any Senior Lender, (iii) any pre-payment charges in relation to accelerated repayment of debt except where such charges have arisen due to Utility Default, and (iv) any Subordinated Debt which is included in the Financial Package and disbursed by lenders for financing the Total Project Cost. Provided that if all or any part of the Debt Due is convertible into Equity at the option of Senior Lenders and/or the Concessionaire, it shall for the purposes of this Agreement be deemed not to be Debt Due even if no such conversion has taken place and the principal thereof shall be dealt with as if such conversion had been undertaken. Provided further that the Debt Due, on or after COD, shall in no case exceed 80% (eighty percent) of the Total Project Cost.”
Debt Due means the aggregate of the following sums representing the amounts advanced by the Senior Lenders towards Total Project Cost, expressed in Indian rupees as may be outstanding and payable to the Senior Lenders under the Financing Documents on the Transfer Date:
Examples of Debt Due in a sentence
In the event of any termination by mutual consent of Parties pursuant to Clause 27.1.4 (Termination due to Force Majeure), the compensation payable to the Concessionaire shall be the lower of the Book Value or the Debt Due LESS any amount due to the Maha-Metro by the Concessionaire under this Agreement LESS all insurance claims received or admitted.
For the avoidance of doubt, Xxxx-Metro acknowledges and agrees that it shall not unreasonably withhold its consent for restructuring or rescheduling of the Debt Due.
More Definitions of Debt Due
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding and payable to the Senior Lender under the Financing Documents: -
Debt Due means an amount that is the aggregate of the following sums expressed in Indian Rupees outstanding on the Expiry Date:
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the date of Termination Notice:
(a) the principal amount of the debt provided by the Lenders under the Financing Agreements for financing the Project (the “Principal”) but excluding any part of the Principal that had fallen due for repayment 2 (two) years prior to the date of Termination Notice;
(b) all accrued interest, financing fees and charges payable under the Financing Agreements on, or in respect of the debt until the date of Termination Notice but excluding (i) any interest, fees or charges that had fallen due one year prior to the date of Termination Notice;
Debt Due means the principal amount of the debt expressed in INR remaining outstanding on the date of issuance of the “Termination Notice” / “Takeover Notice” out of the total debt provided by the lenders as reported by the Power Producer at the time of the Financial Closure
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the Transfer Date:
(a.) the principal amount of the debt provided by Lenders under the Financing Agreements for financing the Total Project Cost (the “principal”) but excluding any part of the principal that had fallen due for repayment six
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding and payable by the Authorisee to the Lenders under the Financing Documents:
Debt Due means the aggregate of the following sums expressed in rupees, outstanding and payable to the Lenders under the Financing Documents: