Facility Debt means, measured as of any date, the payment obligations of Seller in connection with borrowed money, including (a) principal of and premium and interest on indebtedness, (b) fees, charges, penalties, and expenses related to indebtedness, (c) amounts due upon acceleration or in connection with prepayment or restructuring of indebtedness, and (d) swap or interest rate hedging breakage costs.

Facility Debt means non-recourse senior debt of the Facility Company from a lender or group of lenders reasonably satisfactory to Investor.

Examples of Facility Debt in a sentence

Any attempt to make any pledge, mortgage, grant of a security interest or collateral assignment for which consent is required under Section 19.2 (Assignment by Seller) or Section 19.7 (Assignment By Company)(as applicable), without fulfilling the requirements of this Article 19 (Transfers, Assignments, and Facility Debt) shall be null and void and shall constitute an Event of Default pursuant to Article 15 (Events of Default).
For the avoidance of doubt, the foregoing does not affect TxDOT’s liability to Developer under Article 19 and Exhibit 20 for Termination Compensation that is measured in whole or in part by outstanding Facility Debt.
Except for a violation by TxDOT of its express obligations to Lenders set forth in Article 20 and except as set forth in Section 3.5.2, no Lender is entitled to seek any damages or other amounts from TxDOT, whether for Facility Debt or any other amount.
Facility Debt, Funding Agreements and Security Documents and any amendments or supplements thereto, shall comply with the following terms and conditions.
In the event that the Facility Debt requires the grant of a security interest (including a mortgage) in this Agreement and/or the Facility, Seller shall provide Company with summaries of the material terms of the Financing Documents, amendments or modifications thereto, and copies of the Financing Documents.

More Definitions of Facility Debt

Facility Debt means the payment obligations of Seller secured by a Lien of a Facility Lender in compliance with the provisions of Section 14.7, including principal of, premium and interest on indebtedness, fees, expenses or penalties, amounts due upon acceleration, prepayment or restructuring, or benefit monetization, swap or interest rate hedging breakage costs and any claims or interest due with respect to any of the foregoing.

Facility Debt means Debt of the Borrower and/or its Subsidiaries that (a) bears interest at a fixed rate, (b) has no principal payments due on or prior to the Revolving Credit Termination Date and (c) has its stated maturity after the Revolving Credit Termination Date.

Facility Debt means (i) the obligations of Seller or its Affiliates to any Facility Lender pursuant to the Financing Documents, including principal of, premium and interest on indebtedness, fees, expenses or penalties, amounts due upon acceleration, prepayment or restructuring, swap or interest rate hedging breakage costs and any fees or interest due with respect to any of the foregoing, and (ii) the value of any tax equity investment made in Seller or its Affiliates with respect to the tax benefits arising out of the Facility.

Facility Debt means (i) the obligations of Seller or its Affiliates to any lender or tax equity or other equity investor pursuant to the Financing Documents, including principal of, premium and interest on indebtedness, fees, expenses or penalties, amounts due upon acceleration, prepayment or restructuring, swap or interest rate hedging breakage costs and any fees or interest due with respect to any of the foregoing, and (ii) any value of any tax equity investment made in Seller or its Affiliates with respect to the tax benefits arising out of the amount of cash and tax attributes allocated to Facility.

Facility Debt means Debt of the Borrower and/or its Subsidiaries that (a) bears interest at a fixed rate, (b) has no principal payments due on or prior to the Stated Expiration Date and (c) has its stated maturity after the Stated Expiration Date.