Headquarters SPV definition

Headquarters SPV means Sabre Headquarters, LLC, a Delaware limited liability company that is a single-purpose, bankruptcy remote wholly owned Subsidiary of the Borrower formed in connection with the Headquarters Financing.
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Headquarters SPV means PAETEC Realty and/or one or more of its Subsidiaries that will be formed for the principal purpose of purchasing, developing, constructing and/or owning the Headquarters, incurring any Headquarters Debt and entering into and performing the Headquarters Leases.
Sample 1
Headquarters SPV means Sabre Headquarters, LLC, a Delaware limited liability company that is a single-purpose, bankruptcy remote wholly owned Subsidiary of the Borrower formed in connection with the Headquarters Financing. “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto, whether or not such Person subsequently ceases to be a Lender or an Affiliate of a Lender. “Holdings” has the meaning specified in the introductory paragraph to this Agreement. “Immaterial Subsidiary” means any Subsidiary other than a Material Subsidiary. “Incremental Cap” means: (a) (x) $500,000,000 less (y) the sum of the aggregate amount of all Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes that was incurred after the Third Incremental Amendment Effective Date in reliance on the foregoing clause (x), plus; (b) an additional amount to the extent that the Senior Secured First-Lien Net Leverage Ratio (treating all outstanding Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes as Senior Secured First-Lien Indebtedness solely for purposes of calculating such Senior Secured First-Lien Net Leverage Ratio even if such Indebtedness would not otherwise constitute Senior Secured First-Lien Indebtedness) on a Pro Forma Basis after giving effect to the incurrence of any proposed Incremental Revolving Credit Facilities, Incremental Term Facilities or Additional Notes, as applicable, and any related transactions (treating any proposed Incremental Revolving Credit Facilities and Additional Notes that are “revolving” in nature as fully drawn, but not including the proceeds of any proposed Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes, as applicable, in the amount of cash to be netted in calculating such ratio but without giving effect to any simultaneous incurrence of any Incremental Revolving Credit Facilities, Incremental Term Facilities and Additional Notes made pursuant to the foregoing clause (a)) would be less than or equal to 4.0:1.0 as of the end of the most recently ended Test Period; provided that such Indebtedness may be incurred under both clauses (a) and (b) above, and proceeds from any such incurrence may be utilized in a single transaction by first calculating the incurrence under clause (b) above and then calculating the incurrence under clause (a) above, and vice ve...
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More Definitions of Headquarters SPV

Headquarters SPV means Sabre Headquarters, LLC, a Delaware limited liability company that is a single-purpose, bankruptcy remote wholly owned Subsidiary of the Borrower formed in connection with the Headquarters Financing. “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto, whether or not such Person subsequently ceases to be a Lender or an Affiliate of a Lender. “Holdings” has the meaning specified in the introductory paragraph to this Agreement. “Immaterial Subsidiary” means any Subsidiary other than a Material Subsidiary.
Sample 1
Headquarters SPV means a Wholly-Owned Domestic Subsidiary of the Borrower that will be formed for the principal purpose of purchasing and owning the Headquarters, incurring any Headquarters Non-Recourse Mortgage Debt and entering into and performing the Headquarters Leases.
Sample 1

Related to Headquarters SPV

  • Headquarters means the office address at which a state agent has his/her primary work assignment.

  • Corporate Headquarters means the location that is the primary center of direction, control and coordination for the company.

  • Principal Location has the meaning assigned thereto in clause (b)(iii) of the definition of Good Reason, above.

  • Principal place of business means the head office or registered office of the organisation within which the principal financial functions and operational control of the activities referred to in this Regulation are exercised;