New Money Debt definition

New Money Debt means debt issued to finance a project. TDZ new money debt is issued to finance the actual construction and acquisition of the QPUF and Qualified Associated Development. TDZ new money debt is secured by the revenues authorized by the Financing Act.
Sample 1
New Money Debt means the up to US$700 million of new first lien senior secured debt in the form of the New Trade Finance Facility and the New Hedging Support Facility.
Sample 1
New Money Debt means the term loans made by the New Bridge Lenders to Borrower in an aggregate principal amount of $50,000,000 (excluding capitalized interest, fees and expenses) pursuant to the New Bridge Credit Agreement and which are senior in priority to the Term Loans under this Agreement pursuant to the New Bridge Intercreditor Agreement.
Sample 1

Examples of New Money Debt in a sentence

  • Subject to the terms of a conditional backstop agreement (the “Conditional Risk Participation Agreement”) to be entered into on the Effective Date, the members of the Ad Hoc Group (in such capacity, the “Initial Lenders”) shall severally commit to risk participate in an amount of the New Money Debt equal to the total New Money Debt less the Fronting Bank Risk Participation Amount (the “Total Senior Creditor Risk Participation Amount”).

  • Mr. Kelly reported that the Finance Committee met on March 15, 2017 to hear Mr. Powell’s presentation regarding the FY18 Refunding and Issuance of New Money Debt opportunities.

  • Presentation: Mr. Powell made a PowerPoint presentation on the FY18 Refunding and Issuance of New Money Debt opportunities.

  • Backstop Subject to the terms of a conditional backstop agreement (the “CRPA”) to be entered into on the Effective Date, the members of the Ad Hoc Group (in such capacity, the “Initial Lenders”) shall severally commit to risk participate in an amount of the New Money Debt equal to the total New Money Debt less the Fronting Bank Risk Participation Amount (the “Total Senior Creditor Risk Participation Amount”).

  • Any full or partial refinancing of New Money or any full or partial voluntary or mandatory prepayment of the New Money Debt or repayment of the New Money at maturity In case of full or partial refinancing and/or full or partial voluntary or mandatory prepayment of any portion of the New Money Debt or repayment at maturity of the New Money Debt, any proceeds resulting therefrom shall be allocated pro rata to the Banks New Money3 and the New Money Bonds.

  • New Money Debt pro rata between Banks and Bondholders until full repayment, then 5.

  • Method of Sale 2 Roles and Responsibility 2 New Money Debt 3 State Revolving Funds 4 Water Infrastructure Finance and Innovation Act (“WIFIA”) 4 Refunding Debt 5 Other Refinancing/Refunding.

  • Such Remaining Existing Debt will be reinstated as silent 2L Debt until complete discharge of the New Money Debt and the Priority Remaining Debt.

  • Second, the Committee makes little effort to state a plausible theory with respect to the First-Lien Notes and the 2L 2018 New Money Debt.

  • This Deed is supplemental to a conditional risk participation agreement dated [DATE], made between the Company, the Parent, the Initial Lenders and the Participating Lenders in connection with the risk participation of the Initial Lenders and the Participating Lenders in the New Money Debt Facility (the “Agreement”).


More Definitions of New Money Debt

New Money Debt means the US$700 million of new first lien senior secured debt constituted by the New Trade Finance Facility and the New Hedging Support Facility.
Sample 1
New Money Debt means all liabilities owing or accrued (whether or not payable) by the Obligors to the New Money Lenders (in their capacity as such) under or in connection with the Finance Documents together with, in the case of any New Money Lender, Junior A Lender and/or Junior B Lender which has made a Cure Payment, an amount equal to that Cure Payment.
Sample 1
New Money Debt means debt issued to finance a project. TDZ new money debt is issued to finance the actual construction and acquisition of the QPUF and Qualified Associated Development. TDZ new money debt is secured by the revenues authorized in Title 7, Chapter 88.
Sample 1

Related to New Money Debt

  • Purchase Money Debt means Debt:

  • Purchase Money Indebtedness means Indebtedness (other than the Obligations, but including Capitalized Lease Obligations), incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof.

  • Indebtedness for Money Borrowed means with respect to any Person, without duplication, all indebtedness in respect of money borrowed, including without limitation all Capital Leases and the deferred purchase price of any property or asset, evidenced by a promissory note, bond, debenture or similar written obligation for the payment of money (including conditional sales or similar title retention agreements), other than trade payables incurred in the ordinary course of business.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.

  • New Debt has the meaning assigned to such term in the definition of Permitted Refinancing Indebtedness.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Settlement Indebtedness means any payment or reimbursement obligation in respect of a Settlement Payment.

  • Closing Debt means the aggregate principal amount of, and accrued interest on, all Debt of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Purchase Money Note means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be irrevocable, from the Issuer or any Subsidiary of the Issuer to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a contribution of equity.

  • Convertible Indebtedness means Indebtedness of the Parent that is convertible into common Equity Interests of the Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common Equity Interests).

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • First Lien Indebtedness means Consolidated Total Indebtedness that is secured by a Lien on the Collateral, except by a Lien that is junior to the Liens on the Collateral securing the First Lien Obligations.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

  • Recourse Indebtedness means Indebtedness that is not Non-Recourse Indebtedness; provided that personal recourse for Customary Recourse Exceptions shall not, by itself, cause such Indebtedness to be characterized as Recourse Indebtedness.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Consolidated First Lien Indebtedness means Consolidated Indebtedness that is secured by a first priority Lien (other than Permitted Liens) on assets of any Borrower or Restricted Subsidiary.

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by the Company in the ordinary course of business; provided that (a) such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and (b) the obligation secured by any such Lien so created shall not exceed 100% of the cost of the property including transportation and installation costs, covered thereby.

  • Funding Debt means any Debt incurred by or on behalf of the General Partner for the purpose of providing funds to the Partnership.

  • Final Closing Indebtedness means the aggregate amount of Closing Indebtedness set forth in the Final Closing Statement.

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Convertible Indebtedness means any unsecured Indebtedness issued under the Convertible Senior Notes, and any refinancings or replacements thereof that is unsecured Indebtedness issued by the Borrower and/or guaranteed by a Loan Party; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing or replacement except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, and (ii) any Indebtedness in connection with a refinancing or a replacement thereof shall (A) not mature or require any payment of principal thereof prior to the date that is 91 days past the Maturity Date and (B) have covenants that are not more restrictive (taken as a whole) than those set forth herein; provided, further, that the conversion of Permitted Convertible Indebtedness, including any requirement or decision to pay cash upon any conversion of Permitted Convertible Indebtedness in lieu of all or any portion of the Equity Interests of the Borrower due upon conversion of such Permitted Convertible Indebtedness, and the requirement of the Borrower to repurchase Permitted Convertible Indebtedness prior to its stated maturity date upon a fixed date or upon the occurrence of a fundamental change (which would include customary change of control provisions or a termination of trading of the Borrower’s common stock on the exchange on which it is then listed), shall not constitute a maturity or the requirement of any payment of principal of such Permitted Convertible Indebtedness prior to the date that is 91 days past the Maturity Date hereunder for purposes of this definition.