Examples of Debt Sizing Criteria in a sentence
Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.
This Agreement may be terminated at anytime without the payment of any penalty by the Board of Directors of the Fund or by the Sub-Advisor, the Manager or by vote of a majority of the outstanding voting securities of the Series on sixty days written notice.
The aggregate amount of Project Costs in respect of the Project is $[____] and such amount is accurate for the purpose of the Debt Sizing Criteria.
To be included solely to the extent that there exists as of the Quarterly Date any shortfall between mandatory prepayments actually made in accordance with Section 2.09(b)(iii) of the Credit Agreement and the amount that would need to be prepaid in order to cause compliance with the Debt Sizing Criteria as determined in accordance with Section 5.15 of the Credit Agreement.
To be included solely to the extent that there exists as of the Quarterly Date any shortfall between mandatory prepayments actually made in accordance with Section 2.09(b)(viii) of the Construction Credit Agreement and Section 2.09(b)(viii) of the Credit Agreement and the amount that would need to be prepaid in order to cause compliance with the Debt Sizing Criteria as determined in accordance with Section 5.20 of the Construction Credit Agreement and Section 5.21 of the Credit Agreement.
If the prior consent of the Senior Loan Lender is not obtained, any deviations, amendments or waivers to any of the requirements (including, without limitation, of a commercial nature) set out in this document in relation to the Technical Description, the Investment Criteria and the Debt Sizing Criteria and / or PF Heads of Terms will still be automatically binding on the Noteholders if adopted in accordance with Section XVI but will trigger acceleration rights under the Senior Loan.
The criteria applied for accepting additional Unitranche Loan(s) or replacing underlying them are described under the following sections and/or schedules of the PPM: Section III (Investment Objective, Strategy and Restrictions) - Investment Objective and Strategy, Section III (Investment Objective, Strategy and Restrictions) - Investment Restrictions, Schedule 2 (Investment Criteria), Schedule 3 (Debt Sizing Criteria and PF Heads of Terms), Schedule 4 (Terms and Conditions of the Notes).
Any deviations, amendments or waivers to any of the requirements (including, without limitation, of a commercial nature) set out in this document in relation to the Technical Description, the Investment Criteria and the Debt Sizing Criteria and / or PF Heads of Terms are subject to the prior consent of the Senior Loan Lender and will be automatically binding on the Noteholders provided that any such deviations, amendments or waivers are adopted in accordance with Section XVI.
As per the terms of the PPM the Issuer, with the prior consent of the Senior Loan Lender but without the need to obtain the consent from the holders of the Notes, may deviate, amend or waive any of the requirements (including, without limitation, of a commercial nature) set out in relation to from the Technical Description, the Investment Criteria, the Debt Sizing Criteria and / or the PF Heads of Terms (as such terms are defined in the PPM).
To the extent that such re-run Base Case Projections demonstrate that the Construction Loan Facility does not satisfy the Debt Sizing Criteria, then a mandatory prepayment of Construction Loans shall be made within 30 days after approval of the re-run Base Case Projections and prepayment amount by the Administrative Agent and the Required Lenders (in consultation with the Independent Engineer) (and in any case on or prior to the Conversion Date).