Headquarters Financing definition

Headquarters Financing means the financing transactions involving the Headquarters contemplated by the Loan Agreement, dated as of March 29, 2007, by and between Headquarters SPV and JPMorgan Chase Bank, N.A.
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Headquarters Financing means any financing transaction principally secured by or involving a sale and leaseback of the Headquarters.
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Headquarters Financing means Indebtedness in an original principal amount equal to not less than 70% of the appraised value of the Headquarters Facility secured solely by a Lien on the Headquarters Facility; provided that, subject to customary exceptions for non-recourse real estate financings, the holders of such Indebtedness shall have recourse solely to such security and no personal recourse may be had against Company or any of its Subsidiaries for the payment of the principal of or interest or premium on such Indebtedness.
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Examples of Headquarters Financing in a sentence

  • The lenders filed two Proofs of Claim with respect to the Headquarters Financing.

  • The trust certificates were issued to obtain financing to purchase the headquarters property and pay certain transaction costs in connection with the Headquarters Financing.

  • On August 26, 1999, Solutia entered into a synthetic lease financing arrangement for the construction of its principal headquarters located at 575 Maryville Centre Drive, St. Louis, Missouri (the "Headquarters Financing").

  • Pursuant to the terms of the Headquarters Financing and a related trust agreement, dated as of February 23, 1999 (as subsequently amended as of August 1, 1999), Solutia, in its capacity as a lessee, and United Missouri Bank & Trust, N.A., as a lessor and mortgage certificate trustee, issued mortgage trust certificates to various purchasers.

  • A Proof of Claim was filed that asserted a Secured Claim of $43 million plus accruing interest and fees for the outstanding amounts owing by Solutia under the Headquarters Financing and a Proof of Claim was filed in an identical amount based on Solutia's guarantee of the Headquarters Financing.

  • The Debtors and the Headquarters Financing lenders have just executed a term sheet for the resolution of such Claims, which reduces the Allowed Secured Claim to $20 million paid over 15 years at 7.175% interest (and grants such lenders an Allowed General Unsecured Claim in the amount of approximately $27 million).

  • A Proof of Claim was filed that asserted a Secured Claim of $43,343,313.00 plus accruing interest and fees for the outstanding amounts owing by Solutia under the Headquarters Financing and a Proof of Claim was filed in an identical amount based on Solutia's guarantee of the Headquarters Financing.

  • Further, the amount of asserted Secured Claims includes $87 million in Secured Claims asserted by the lenders in connection with the Headquarters Financing.

  • No Loan Party shall, directly or indirectly, enter into any arrangement with any Person providing for a Loan Party to lease or rent property that a Loan Party has sold or will sell or otherwise transfer to such Person, except with respect to the Headquarters Financing Transaction.

  • No Loan Party shall create, incur, assume, or permit to exist any Lien on any property now owned or hereafter acquired by any of them, except (a) Permitted Liens, (b) Liens securing Capital Leases and purchase money Debt permitted in Section 7.13 and (c) any Lien incurred with respect to the Headquarters Financing Transaction, such Lien not to attach to any Collateral or to exceed 80% of the value of the Headquarters.


More Definitions of Headquarters Financing

Headquarters Financing means any financing transaction principally secured by or involving a sale and leaseback of the Headquarters. “Headquarters SPV” means Sabre Headquarters, LLC, a Delaware limited liability company formed to hold the Headquarters and enter into any
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Related to Headquarters Financing

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Credit Facilities means one or more debt facilities (including the Credit Agreement) or commercial paper facilities providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, or any debt securities or other form of debt financing (including convertible or exchangeable debt instruments), in each case, as amended, supplemented, modified, extended, renewed, restated or refunded in whole or in part from time to time.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.