Examples of Outstanding Indebtedness in a sentence
Payment of the Outstanding Indebtedness shall, where required by the Distribution Licensee, be in exchange for a transfer or assignment to the Distribution Licensee (or its nominees) of all rights, title and interest in the Initial Financing Documents (other than those in respect of the Sponsors Gross Equity Contribution), documented and evidenced to the satisfaction of the Distribution Licensee.
Distribution Licensee, the Feed-in Approval Holder shall procure that the Financing Parties discharge all securities and other encumbrances given by the Feed-in Approval Holder on or over the Project in exchange for the payment of the Outstanding Indebtedness.
Buyer has the option, upon reasonable advance written notice to Seller, in lieu of paying in full the total amount of Outstanding Indebtedness, to assume any of Seller's obligations under other Outstanding Indebtedness which may be assumed.
After Buyer fulfills its obligations pursuant to Section 3.01(a), the Acquired Assets to be sold, conveyed, transferred, assigned and delivered by Seller to Buyer, as herein provided, shall be on the Closing Date, free and clear of all Liens other than Permitted Liens and the revenues of the System shall be free and clear of any lien of a trustee for the benefit of the holders of any of the Outstanding Indebtedness except for any Outstanding Indebtedness assumed by Buyer.
PRISA II and its Consolidated Entities on a consolidated basis, shall not, as of any date, permit Total Outstanding Indebtedness to exceed forty percent (40%) of Adjusted Total Assets.