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

• 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.

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

• 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.

• The terms and conditions of the senior loan will be in accordance with California Debt Limit Allocation Committee (CDLAC) and TCAC requirements and the requirements of the lending institution specific to the project.

• The Service Plan Debt Limit of the District as set forth herein shall apply to all debt issued by the District including, but not limited to, revenue bonds, limited tax general obligation bonds, notes, certificates, debentures, contracts, or other evidence of debt and/or multi-fiscal year obligations.The maximum voted interest rate shall be fifteen percent (15%) per annum and the maximum underwriting discount shall be three percent (3%) of bond principal.

More Definitions of Debt Limit

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

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

Debt Limit means the debt limit of the City;

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 debt limit for a city determined in accordance with subsection 133(1);

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 municipality determined in accordance with section 161;