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 expressed in Indian Rupees outstanding and payable to the Senior Lender under the Financing Documents: -
Examples of Debt Due in a sentence
Without prejudice to any rights or remedies of the Authority under this Agreement or otherwise, upon request made by the Concessionaire to this effect, the Authority shall, in conformity with any regulations or guidelines that may be notified by the Government Instrumentality, permit and enable the Concessionaire to secure refinancing, in whole or in part, of the Debt Due on such terms as may be agreed upon between the Concessionaire and the entity providing such refinancing.
SECI shall pay to the HPD, ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the PPA, and takeover the Project assets.
However, in the event the lenders are unable to substitute the defaulting HPD within the stipulated period, SECI may terminate the PPA and the Buying Entity may acquire the Project assets for an amount equivalent to 90% of the Debt Due or less as mutually agreed, failing which, the lenders may exercise their mortgage rights and liquidate the Project assets.
More Definitions of Debt Due
Debt Due means the aggregate of the following sums expressed in Rupees outstanding and payable to the Lenders under the Financing Documents:
Debt Due means of the following sums representing the amounts advanced by the Lenders towards Total Project Cost, expressed in Indian rupees as may be outstanding and payable to the Lenders under the Financing Documents on the date of issuance of Termination Notice:
Debt Due means the aggregate of the following sums expressed in Indian Rupees outstanding on the date of Termination Notice:
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 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 Provided that if all or any part of the Debt Due is convertible into equity at the option of lenders and/ or the Power Producer, it shall for the purpose of this agreement be deemed to be equity. Provided that the amount payable in respect of any Debt Due expressed in foreign currency shall be computed at the reference exchange rate as on the date of computation of Debt Due.
Debt Due means the aggregate of the following sums representing the amounts advanced by the Lenders towards Actual project cost, expressed in Indian rupees as may be outstanding and payable to the Lenders under the Financing Documents on the Transfer Date:
Debt Due means an amount that is the aggregate of the following sums expressed in Indian Rupees outstanding on the Expiry Date: (i) The principal amount of the debt provided by the senior lenders under the Financing Documents 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 Expiry Date; and (ii) All accrued interest, financing fees and charges payable under the Financing Documents on, or in respect of, the debt referred to in sub-clause (i) above until the Expiry Date but excluding: (i) any interest, fees or charges that had fallen due 1 (one) year prior to the Expiry Date, (ii) any penal interest or charges payable under the Financing Documents to any senior lender, and (iii) any pre-payment charges in relation to accelerated repayment of debt except where such charges have arisen due to default by MSEDCL. Provided that, in the event that the SPV is eligible for, and has availed the CFA in terms of the XXXXX Scheme, the amount of Debt Due shall be reduced to the extent of the Deemed Generation shall have the meaning as specified in 0. Delivered Energy means the kilowatt hours of electricity actually fed / scheduled and measured by the energy meters at the Delivery Point and as certified by SLDC / MSEDCL (as the context may require).