Debt Limit definition

Debt Limit means, as of any date of determination, an amount equal to (x) the aggregate Revolving Commitments (as defined in the Credit Agreement) as of the Series B-3 Closing Date plus (y) the outstanding principal amount of Term Loans (as defined in the Credit Agreement) as of the Series B-3 Closing Date minus (z) the aggregate principal amount of Term Loans repaid or prepaid on or following the Series B-3 Closing Date.

Debt Limit means, at any date, the product of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending at the date of the balance sheet most recently delivered (or required to be delivered) on or prior to such date pursuant to section 5.5 or 6.1 and (b) the applicable Leverage Factor.

Debt Limit means, as provided in Article X, Section 15(6) of the Constitution, an amount determined from time to time equal to eight percent of the assessed value of all taxable property of the School District.

Examples of Debt Limit in a sentence

• The General Debt Limit and the special debt limit for water bonds apply at the time the debt is authorized.

• All applicants requesting Tax Credits for projects financed with tax-exempt bonds shall apply simultaneously to the California Debt Limit Allocation Committee (CDLAC) and CTCAC and shall use the CDLAC- TCAC Joint Application.

• To the extent that the District utilizes any portion of the Aggregate Debt Limit, such portion shall not be available to be used by any of the other Infrastructure Districts.

• The Debt Limit and H.R. 325: The ‘No Budget, No Pay Act of 2013,’” Washington Outside blog, January 24, 2013, http://washingtonoutside.blogspot.com/2013/01/the-debt-limit-and-hr-325-no-budget-no.html.

• Collectively, the Service Plan Debt Limit may be allocated between and amongst the Infrastructure Districts pursuant to separate agreement (the “Aggregate Debt Limit”).

More Definitions of Debt Limit

Debt Limit means the debt limit of the City;

Debt Limit means that dollar amount determined and periodically adjusted in accordance with Section 5.10(b).

Debt Limit shall have the meaning set forth in Section 8.1(b)(vi) hereof.

Debt Limit means a limit on the total amount of direct debt (excluding certain categories of debt such as utility revenue bonds) that a local governmental entity may have outstanding at any particular time. Redevelopment commissions have their own separate debt limit equal to 2% of the net assessed value of the territory in the jurisdiction of the redevelopment commission. Financings in the form of a lease usually do not count against a local governmental entity’s debt limit.

Debt Limit means the limitation on the incurrence of short-term debt applicable to the Borrower in effect from time to time either in accordance with applicable law or a waiver thereof granted by competent governmental authority, including without limitation, the New Hampshire Public Utilities Commission.

Debt Limit means the debt limit for a city determined in accordance with subsection 133(1);

Debt Limit means the debt limit for a municipality determined in accordance with section 161;