Permitted Borrowings definition

Permitted Borrowings means, without duplication:

Permitted Borrowings means, without double counting, any:

Permitted Borrowings above or which secure any Indebtedness under any agreement for the supply of goods or services in respect of which payment is not deferred for more than 90 days;

Examples of Permitted Borrowings in a sentence

• BORROWING Permitted Borrowings The Issuer shall not be permitted to incur indebtedness,other than by the issue of the Notes, except for borrowing or raising funds to discharge its Permitted Expenses.

• If the Authority is not so satisfied, it should either ask the Senior Lenders to revise their terms or alternatively restrict the Authority‟s exposure under limb (d) in the definition of Permitted Borrowings above to those fees which it is willing to pay on a relevant termination.

• The Authority should also consider the relationship between these provisions and Section 35 (refinancing34 (Refinancing) if a request is received to increase the Authority’s termination liabilities beyond the extent permitted for Permitted Borrowings.

• If no distributions are made during this period but monies are kept in reserved accounts, the Permitted Borrowings will not be reduced, however the amount of the Senior Debt payable by the Authority on an early termination of the project is reduced, under sub-paragraph (b) (i) of the definition of Base Senior Debt Termination Amount and Revised Senior Debt Termination Amount .

• This is when the Project is in financial distress and Senior Lenders have decided to make further advances under the Additional Permitted Borrowings provisions of SoPC ( cf.

More Definitions of Permitted Borrowings

Permitted Borrowings means, in relation to any relevant entity:

Permitted Borrowings means the incurrence by the Company of Company Indebtedness following the date hereof only if each of the following is true: (i) such Company Indebtedness is incurred pursuant to the Company’s existing credit facility with Mxxxxxx Lxxxx or any extension thereof or successor thereto on terms similar in all material respects to the Company’s existing credit facility on the date of this Agreement (other than (a) aggregate principal amount, which may be less than the $3,000,000 principal amount in such existing credit facility, (b) interest rate, provided such interest rate is no more than 9% per annum, (c) amount of Appendix A-7 cash and cash equivalents and marketable securities securing the Company’s obligations and (d) type of security), (ii) Company Indebtedness incurred following the date hereof and until the seventh calendar day prior to the Company Shareholders Meeting does not at any time exceed $3,000,000 less the amount by which Cash is less than $1,000,000, in the aggregate, (iii) Company Indebtedness incurred after the seventh day prior to the Company Shareholders Meeting does not exceed $1,500,000 less the amount by which Cash is less than $1,000,000, in the aggregate and (iv) such Company Indebtedness is incurred in the ordinary course of business consistent with past practice.

Permitted Borrowings has the meaning given to it in clause 8;

Permitted Borrowings means during the Unconditional Period (i) any borrowings made by the Borrower hereunder or (ii) any borrowings made by the Borrower from the lessees of Principal Properties or any of them or any company owning 20 per cent. or more of the issued share capital of any such lessee, or from the Guarantor or Principal Healthcare Finance Limited, up to an amount of L.8,000,000 in aggregate, provided that

Permitted Borrowings means: (a) third party debt financing (whether as an asset based lending facility or otherwise) obtained by any member of the Target Group on or around Closing in an aggregate principal amount (or aggregate amount of commitments) not to exceed $15,000,000; (b) any loan from the Parent to any member of the Target Group (any such loan, a "Parent Loan"), so long as the Parent and the Seller have entered into an Equalisation Deed with respect to such Parent Loan substantially simultaneously with the making of such Parent Loan; and (c) any loan from any member of the Target Group (which is not the Company) to the Company; "Positive Adjustment Amount" has the meaning given to it in the Share and Asset Purchase Agreement; "Post-Closing Adjustment" has the meaning given to it in the Share and Asset Purchase Agreement; "Refinancing" means: (a) the raising of any third party debt financing for the Group; and/or (b) the refinancing of any existing third party debt financing arrangements of the Group, including the Notes,

Permitted Borrowings means Indebtedness consisting of purchase money debt and/or leases owing by Consolidated Companies to lenders or lessors other than Bank from time to time not exceeding at any time $1,000,000 for each such loan and lease, and $8,000,000.00 in the aggregate for all such loans and leases, which Indebtedness is for the purposes of financing the acquisition or lease of equipment and machinery.

Permitted Borrowings means borrowings as defined under Schedule 10 (Permitted Borrowings).