Maximum indebtedness definition

Maximum indebtedness means the amount of the principal of indebtedness included in a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness.

Maximum indebtedness means the amount of the principal of indebtedness included in a

Maximum indebtedness means the maximum principal amount of indebtedness that may be incurred by a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness.

Examples of Maximum indebtedness in a sentence

• Maximum indebtedness is the maximum total cost that may be paid to the Company hereunder, including travel related costs, per year during the initial term of the Contract for the Work rendered under the terms of this Contract.

• Maximum indebtedness is the total amount of money that can be spent on projects, programs and administration throughout the life of the Plan.

• Maximum indebtedness is the amount of indebtedness secured by a pledge of tax increment revenue that can be spent on projects, programs and administration throughout the life of the Plan.

• Maximum indebtedness for a guaranteed loan is $1,355,000 (amount adjusted annually for inflation).The repayment term may vary, but typicallyit will not exceed seven years for intermediate-term purposes.

• Maximum indebtedness is a legal term for the total amount of money that can be spent on projects, programs, and administration throughout the life of the Plan.

More Definitions of Maximum indebtedness

Maximum indebtedness has the meaning specified in Section 10.9(c).

Maximum indebtedness means the amount of the principal of indebtedness included in a plan pursuant to ORS 457.190 and does not include indebtedness incurred to refund or refinance existing indebtedness. It is the total amount of TIF revenue that may be spent on the principal amount of projects, programs, and administration throughout the life a plan.

Maximum indebtedness means the maximum amount of indebtedness that may be issued under the Plan, as required by ORS 457.190. The Maximum Indebtedness is currently

Maximum indebtedness. None of the Loan Parties shall permit the Consolidated Total Debt of the Borrower, to exceed in the aggregate (i) US$120,000,000 (or its equivalent in other currencies) for the fiscal year ended December 31, 2011 and (ii) US$150,000,000 (or its equivalent in other currencies) thereafter, at any time outstanding, of which no more than US$120,000,000 (or its equivalent in other currencies) may be secured by any Property of any Loan Party or any of its Subsidiaries.”

Maximum indebtedness. With respect to both Hotel Properties, fifty percent (50%) of the then appraised value of the Hotel Properties or $130,000,000, whichever amount is greater, or with respect to only one Hotel Property, fifty percent (50%) of the then appraised value of the Hotel Property or fifty percent (50%) of the appraised value of the Hotel Property as of January 31, 1986, whichever amount is greater. In all events, the appraised value as referred to herein is the value determined by an independent qualified real estate and hotel appraiser.

Maximum indebtedness has the meaning set forth in ss.3.30 below.

Maximum indebtedness means $1,600,000,000.00.