Minimum Debt Amount definition

Minimum Debt Amount has the meaning set forth in paragraph (1) of Section 6.1.

Minimum Debt Amount means, with respect to each Gain Limitation Property, the Existing Property Debt minus any scheduled but unpaid amortization payments that would have been required to be paid under the terms of such Existing Property Debt prior to the maturity date of such Existing Property Debt (but not including payments otherwise due at maturity of such Existing Property Debt, which may be refinanced as applicable during the Tax Protection Period). The initial Minimum Debt Amount with respect to each Gain Limitation Property is set forth on Schedule 2.1(b) hereto, as amended and/or supplemented from time to time.

Minimum Debt Amount means, with respect to the MBDA Loan, an amount of principal, interest and other charges outstanding as of the Closing Date equal to [***] plus the amount of any advances made pursuant to the MBDA Loan (and interest accruing thereon) between the Effective Date and the Closing Date that are used to pay Approved Capital Expenditures.

Examples of Minimum Debt Amount in a sentence

• In the event that the sum of the Minimum Debt Amounts of the Indemnitor Partners other than Berkshire and BGP who request a Guarantee of indebtedness exceeds the Aggregate Minimum Debt Amount of such Partners or the amount of available debt, each such Indemnitor Partner shall be entitled to a Guarantee of indebtedness pro rata based upon the respective Minimum Debt Amounts of such Indemnitor Partners then requesting Guarantees as of the date first written above.

• In the event that the sum of the Minimum Debt Amounts of the Indemnitor Partners other than Berkshire and BGP who request a Guarantee of indebtedness exceeds the Aggregate Minimum Debt Amount of such Partners or the amount of available debt, each such Indemnitor Partner shall be entitled to a Guarantee of indebtedness PRO RATA based upon the respective Minimum Debt Amounts of such Indemnitor Partners then requesting Guarantees as of the date first written above.

• Notwithstanding any other provision of this Agreement, the Company shall be deemed to have satisfied its obligation under Section 2.2(a) to maintain an amount of Nonrecourse Indebtedness at least equal to the Minimum Debt Amount at any given time if the Company maintained at such time an amount of Nonrecourse Indebtedness that are Guarantee Permissible Liabilities at least equal to the aggregate Individual Guarantee Caps of all Protected Partners at such time.

• The Minimum Debt Amount may be decreased over time (as reasonably determined by the Company) to an amount that reflects the then applicable amount necessary to prevent the recognition of Built-In Gain to such Protected Partners under Section 465, Section 707(a)(2)(B), Section 731 or Section 752 of the Code and Treasury Regulations.

• If the Final Metal Redemption Amount falls below the Minimum Debt Amount, then due to the limited recourse nature of the ETC Securities, Securityholders are unlikely to receive payments of the Final Redemption Amount in full and may receive zero.The Final Metal Redemption Amount is an amount determined by reference to the Metal Entitlement per ETC Security.

More Definitions of Minimum Debt Amount

Minimum Debt Amount means, with respect to the periods set forth on Schedule A hereof, LLC Debt with an outstanding principal amount as set forth on Schedule A hereof.

Minimum Debt Amount means with respect to one or more Contributed Properties the amount of Partnership debt indicated on Exhibit B.

Minimum Debt Amount means, with respect to the MBDA Loan, an amount of principal, interest and other charges outstanding as of the Closing Date equal to [***] plus the amount of any advances made pursuant to the MBDA Loan (and interest accruing thereon) between the Effective Date and the Closing Date that are used to pay Approved Capital Expenditures. "Person" means any general partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, Governmental Authority, cooperative, association, other entity, or individual, and the heirs, executors, administrators, legal representatives, successors, and assigns of such person as the context may require. "Securities Act" means the Securities Act of 1933, as amended. "Tax" or "Taxes" means any taxes, assessment, duties, fees, levies, imposts, deductions, or withholdings, including income, gross receipts, ad valorem, value added, excise, real or personal property, asset, sales, use, license, payroll, transaction, capital, net worth and franchise taxes, estimated taxes, withholding, employment, social security, workers compensation, utility, severance, production, unemployment compensation, occupation, premium, windfall profits, transfer and gains taxes, or other governmental charges of any nature whatsoever, imposed by any Taxing Authority of any government or country or political subdivision of any country, and any liabilities with respect thereto, including any penalties, additions to tax, fines or interest thereon and includes any liability for Taxes of another person by contract or as a transferee or successor. "Tax Return" means any report, return, statement, estimate, declaration, notice, form or other information required to be supplied to a taxing authority in connection with Taxes. "Taxing Authority" shall mean the Internal Revenue Service and any other Governmental Authority responsible for the administration of any Tax. "Tower Leases" means any contract, agreement or arrangement relating to the use by Seller of Towers or other transmission/reception equipment on the Tower Sites. "Tower Sites" means any real property, rooftop or other building location used or occupied by Seller on which Towers used by Seller are located. "Tower Subleases" means any contract, agreement or arrangement under which Seller is a lessor, sublessor or licensor of, or makes available for use to any Person, any Tower Site or portion thereof that is the subject of a Tower Lease. "Towers" means any towers...

Minimum Debt Amount means, with respect to each Protected Property other than a Yonkers Pledged Property, the amount equal to the outstanding principal balance of the Existing Property Debt secured by such Protected Property as of the Closing Date (or, in the case of the Yonkers Pledged Properties, the outstanding principal balance of the Existing Property Debt secured by the Yonkers Pledged Properties as of the Closing Date) minus any scheduled amortization payments that are required to be paid under the terms of such Existing Property Debt prior to the maturity of the Existing Property Debt. For clarity, there will be no Minimum Debt Amount (i) with respect to the Woodbridge-Manchester Debt or (ii) with respect to the Acklinis-Ackrik Debt. The Minimum Debt Amount with respect to each Protected Property is set forth on Annex C hereto. {00441945-2}

Minimum Debt Amount means, with respect to each Protected Property other than a Yonkers Pledged Property, the amount equal to the outstanding principal balance of the Existing Property Debt secured by such Protected Property as of the Closing Date (or, in the case of the Yonkers Pledged Properties, the outstanding principal balance of the Existing Property Debt secured by the Yonkers Pledged Properties as of the Closing Date) minus any scheduled amortization payments that are required to be paid under the terms of such Existing Property Debt prior to the maturity of the Existing Property Debt. For clarity, there will be no Minimum Debt Amount (i) with respect to the Woodbridge-Manchester Debt or (ii) with respect to the Acklinis-Ackrik Debt. The Minimum Debt Amount with respect to each Protected Property is set forth on Annex C hereto.

Minimum Debt Amount means initially the Debt Financing Amount. The Minimum Debt Amount shall be reduced dollar for dollar by any mandatory payments of principal arising under the terms of the Existing Property Debt, including, without limitation, any cash flow sweeps. If the Debt Financing is refinanced during the Protected Period, the issue price of the refinanced debt (as determined under Code Section 1273(b)) shall be at least equal to the outstanding principal balance of the Debt Financing immediately prior to such refinancing.

Minimum Debt Amount means initially $2,975,000,000 (less 71% of any reduction of the Purchase Price in accordance with Section 2.1(f) of the Master Transaction Agreement). The Minimum Debt Amount shall be reduced dollar for dollar by any mandatory payments of principal arising under the terms of the Debt Financing, including, without limitation, any cash flow sweeps. If the Debt Financing is refinanced, the issue price of the refinanced debt (as determined under Code Section 1273(b)) shall be at least equal to the outstanding principal balance of the Debt Financing immediately prior to such refinancing.