Debt Event definition

Debt Event means the date on which the Issuer and any Subsidiary of the Issuer enters into one or more transactions for the incurrence or guarantee of indebtedness greater than US$25,000,000 (or its equivalent) in any one financial year of the Issuer that is not linked to the Business;
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Debt Event means the issuance or incurrence by the Borrower or any Significant Subsidiary of any Debt other than under this Agreement or under the Other Credit Agreements. "DEBTOR LAWS" means the Bankruptcy Code of the United States of America and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, re-organization, suspension of payments or similar Legal Requirements affecting creditors' Rights.
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Debt Event means the incurring of any Finance Debt by HE. Relevant Event means any of the following: (a) the initial public offering of shares in HE, (b) the issuing of shares or notes or the raising of financial accommodation by HE (or an entity controlled by HE) which raises in excess of $7,000,000, (c) the sale, or transfer of the assets of HE or a substantial part of the assets of HE (without the consent of RLB or
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Examples of Debt Event in a sentence

  • Such step-up applies for each Senior Debt Event but can only occur once in relation to a single Senior Debt Event.

  • These include representations and warranties identical to those set out in the section of this document headed "The Partnership Loan Agreements and the Partnership Loan Notes – Representations and warranties", except that references to "Partnership Debt Event of Default" or "Partnership Debt Potential Event of Default" shall be replaced with "Teesport Partnership Loan Event of Default" and "Teesport Partnership Loan Potential Event of Default" respectively.

  • A further £25 million was attributed to the costs of injurious falls, and the cost of devices and adaptations required to facilitate daily living was calculated to be £336.5 million.

  • If any withholding tax or deduction for tax is imposed on payments of interest on the Debt, the holders of the Debt will not be entitled to receive grossed-up amounts to compensate for such withholding tax and no Debt Event of Default shall occur as a result of any such withholding or deduction.

  • It is required that there be constructed and completed in accordance with the Contract Documents for “Construction of Los Banos Animal Shelter Building” for the City of Los Banos, all work as described in these Contract Documents.

  • From the 3-27 Debt Event in 1995 (the early stage) to the Hangxiao Steel Structure Case in 2007 (the mid-term) and the 8-16 Fat Finger Trading Error Event in 2013 (the late term), the endless stream of insider trading cases has consistently triggered public concern regarding the regulation of insider trading.

  • Moreover, a breach of certain of these covenants may not give rise to a Debt Event of Default and may not give rise to a claim against the Issuer or the Collateral Manager.

  • Then we conduct several empirical tests for rating accuracy improvements.

  • Any failure to pay scheduled interest on the Class C Notes, the Class D Notes, the Class E Notes or the Class F Notes or to pay interest and principal on the Class Z Notes or the Subordinated Notes at any time, due to there being insufficient funds available to pay such interest in accordance with the applicable Priorities of Payment, will not be a Debt Event of Default.

  • The Reinvestment Period may terminate early The Reinvestment Period may terminate early if any of the following occur: (a) acceleration following a Debt Event of Default or (b) the Collateral Manager certifies to the Issuer, the Rating Agencies and the Trustee that it is unable to reinvest in additional Collateral Obligations in accordance with the Collateral Management and Administration Agreement.


More Definitions of Debt Event

Debt Event means a Change in Law, Change in Tax, Force Majeure Event, Buyer Default, Expropriation or the implementation of a Restoration that has the effect stated in Clause 0.
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Debt Event means, the issuance or incurrence by the Parent or any of its Subsidiaries after December 15, 2002 of any Indebtedness in excess of $10,000,000 other than (A) Indebtedness hereunder, under the Parent Facility, any of the Utility Facilities, the AER Notes, the Wxxxxxx Financing or any other revolving credit facilities of Subsidiaries of the Parent (in each case described in this clause (A) including refinancings and extensions thereof but without giving effect to any increases thereto subsequent to the date hereof), (B) Nonrecourse Debt, in an aggregate principal amount not to exceed $62,000,000 (up to $6,000,000 of which may be guaranteed by the Parent and which may also include a letter of credit in the amount of $10,764,000), in connection with the purchase by the Parent or any of its Subsidiaries of a 309 megawatt natural gas fired power plant in Neenah, Wisconsin from Mirant Corporation, (C) Indebtedness issued by any Foreign Subsidiary of the Parent, so long as it is not Indebtedness of the Parent or any Subsidiary of the Parent that is not a Foreign Subsidiary and the proceeds of the issuance of such Indebtedness is not repatriated to the Parent or any Subsidiary of the Parent that is not a Foreign Subsidiary, (D) the issuance of commercial paper by the Parent or any of its Subsidiaries, (E) the issuance or incurrence of any Indebtedness by either of the Utilities, except to the extent that the proceeds of such Indebtedness are paid by such Utility to the Parent as a dividend (as declared by the Board of Directors of such Utility in its sole discretion in compliance with all applicable regulatory restrictions) and (F) any intercompany Indebtedness issued by the Parent to any of its wholly-owned Subsidiaries or by any such Subsidiary to the Parent or any of its wholly-owned Subsidiaries (including, without limitation, Indebtedness incurred under the Utility Money Pool and the Non-Utility Money Pool); provided, that the foregoing shall not be deemed to imply that any such Debt Event is permitted under this Agreement.
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Debt Event means, on any date before December 31, 2002, the issuance or incurrence (i) by the Borrower of any Debt, or (ii) by any Subsidiary of the Borrower of any Debt in excess of $15,000,000, other than (A) Debt hereunder or under the Utility Facilities, (B) Nonrecourse Debt, in an aggregate principal amount not to exceed $60,000,000, in connection with the purchase by the Borrower or any of its Subsidiaries of a 309 mega-watt natural gas fired power plant in Neenah, Wisconsin from Mirant Corporation, (C) Debt issued by any Foreign Subsidiary of the Borrower, so long as it is not Debt of the Borrower or any Subsidiary of the Borrower that is not a Foreign Subsidiary and the proceeds of the issuance of such Debt is not repatriated to the Borrower or any Subsidiary of the Borrower that is not a Foreign Subsidiary, (D) the issuance of commercial paper by the Borrower or any of its Subsidiaries, and (E) any intercompany Debt issued by the Borrower to any of its wholly-owned Subsidiaries or by any such Subsidiary to the Borrower or any of its wholly-owned Subsidiaries; provided, that the foregoing shall not be deemed to imply that any such Debt Event is permitted under this Agreement.
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Debt Event means the issuance or incurrence by the Borrower or any Significant Subsidiary of any Debt other than under this Agreement or under the Other Credit Agreements.
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Related to Debt Event

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Equity Event is the receipt by Borrower, on or after March 6, 2018 and on or prior to June 30, 2018, of unrestricted net cash proceeds of not less than Thirty Million Dollars ($30,000,000.00) from (i) the issuance and sale by Borrower of its unsecured subordinated convertible debt and/or equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other partnering transaction.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Put Event means the occurrence of any of the following:

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Realization Event means (i) the consummation of a Sale of the Company; or (ii) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it (from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments.

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • Liquidity Event means a Change of Control or an IPO.

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Significant Event means any Amortization Event or Event of Default.

  • Subordination Event means any one of the following events:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Restructuring Event means the occurrence of any one or more of the following events:

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.