Debt Limitation definition

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the terms set forth herein would not be permitted at such time by any agreements governing indebtedness, under which at least $100,000,000 of indebtedness in the aggregate for all such agreements is outstanding, the covenants of which would (in the good faith determination of CEC) not permit the consummation of the transactions contemplated hereby at such time.

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Debt Limitation means those debt limitations applicable under New Article X.

Debt Limitation means the limitation set forth in Section 9.11.

Examples of Debt Limitation in a sentence

In the event a Debt Limitation limits the exercise of the Call Right by Propco at any time, Owner shall use commercially reasonable efforts to obtain waivers or amendments under the applicable debt agreements to waive the Debt Limitation or refinance such applicable debt in order to permit the consummation of the transactions pursuant to the Call Right.
If the exercise of the Call Right would be an Impermissible Transaction due to a Debt Limitation, then Owner shall use commercially reasonable efforts to resolve such Debt Limitation in accordance with Section 2(h) below and will continue to use such efforts until the expiration of the period that is one (1) year after the date of the delivery of the Property Package Request with respect to the Property (such date, the “Debt Limitation Resolution Deadline”).
It is understood and agreed that the foregoing proviso does not require any member of the Designated Propco Group to agree to any other amendment or waiver under such agreement other than with respect to the Debt Limitation.
Neither Borrower nor the REIT shall(i) directly or indirectly create, incur, assume or permit to exist any Lien, except for Permitted Liens, on or with respect to all or any portion of Woodbury Common; (ii) directly or indirectly create, assume or permit to exist any agreement (other than the Loan Documents and the Unsecured Term Note Secured Debt Limitation set forth in the Unsecured Term Note Indenture) prohibiting the creation of any Lien on Woodbury Common.
This Agreement has been duly executed and delivered by such Shareholder and, assuming this Agreement constitutes a valid and binding obligation of Sprint and the other Shareholders, constitutes a valid and binding obligation of such Shareholder, enforceable against such Shareholder in accordance with its terms.

More Definitions of Debt Limitation

Debt Limitation. The term “Debt Limitation” shall be defined to mean Indebtedness in an aggregate principal amount not to exceed $7,500,000, which shall include the principal amount outstanding under that certain Loan and Security Agreement, dated as of July 21, 2005 by and between the Company and Silicon Valley Bank, as amended from time to time.

Debt Limitation in their entirety as follows: “Commitment” means the commitment of a Lender to make or otherwise fund a Loan and to acquire participations in Letters of Credit hereunder, and “Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Commitment, if any, is set forth opposite such Lender’s name on Schedule 1.01(a) or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The ACTIVE/97019144.4

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the

Debt Limitation means, at any time, that the exercise of the Call Right and the consummation of the sale and leaseback transaction contemplated thereby on the terms set forth herein would not be permitted at such time by any agreements governing indebtedness the covenants of which include restrictions that are applicable to the Property at such time or would otherwise be dilutive to covenant compliance under such agreements at such time.2

Debt Limitation means (i) 100% of Total Market Value (calculated at the time debt is incurred) with respect to Total Trust Indebtedness and (ii) 50% of Total Market Value (calculated at the time debt is incurred) with respect to Permanent Trust Indebtedness.

Debt Limitation means the greater of (i) $50.0 million and (ii) 11% of Consolidated Tangible Assets.

Debt Limitation means the greater of (i) $25.0 million and (ii) 5% of Consolidated Tangible Assets. “Consolidated Tangible Assets” means with respect to CFTC as of any date, the aggregate of the assets of CFTC and its Restricted Subsidiaries, excluding goodwill and any other assets properly classified as intangible assets in accordance with GAAP, shown on the balance sheet for the most recently ended fiscal quarter for which financial statements are available, determined on a consolidated basis in accordance with GAAP. “First Amendment” means that certain First Amendment to Revolving Loan Agreement, dated as of February 26, 2018, by and among the Borrower, the Guarantors party thereto, the Lenders party thereto and the Administrative Agent. “First Amendment Effective Date” has the meaning set forth in the First Amendment.