Project Debt Financing definition

Project Debt Financing means the debt financing with any commercial bank, savings bank, treasury branch or other commercial lender in an amount necessary to cover, together with the Project Equity Financing, all the costs associated with the Project.
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Project Debt Financing means one or more debt financings with any commercial bank, savings bank, treasury branch, export credit agency, government entity or agency or other lender in an aggregate amount necessary to cover, together with the FID Equity Financing, the costs associated with the Projects;
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Project Debt Financing means the short-term bridge and long-term debt financing obtained by the Project JV Entity for the Projects. For the avoidance of doubt, the Parties acknowledge and agree that the Project Debt Financing may include the Pre-COD Working Capital Facility (if any) and the Post-COD Working Capital Facility (if any). The Project JV Entity is not required to provide Project Debt Financing that includes construction financing, although it will cooperate with SunEdison to assist in obtaining such financing.
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Examples of Project Debt Financing in a sentence

  • Enter into any agreement or arrangement (including, without limitation, in connection with the Project Equity Financing and Project Debt Financing) that restricts or prohibits the payment of any Change of Control Event Redemption Price, Event of Default Redemption Price, No FID Redemption Price or JV Redemption Price.

  • Each of the Parties agrees to make its commercially reasonable best efforts to obtain all necessary approvals for, and to obtain or enter into, as applicable, Project Debt Financing and Completion Guarantees as soon as practicable following the date hereof.

  • Where the Project Debt Financing has been repaid in full, Available Funds shall be calculated as if the Project Debt Agreement was still in effect with no obligations payable thereunder.

  • The Parties acknowledge and agree that all expenditures on the Boleo Project required to be incurred in order for the Corporation to obtain funding under the Project Debt Financing will be incurred prior to the application of funds by the Corporation to other expenditures.

  • The JV Entities shall provide notice to SunEdison of initial conversations or presentations with a financial institution with regard to any Project Debt Financing.

  • In connection with any Project Debt Financing, each Shareholder and each Shareholder Group shall provide the Completion Guarantees until Completion, if required, in order to implement the Project Debt Financing in the same proportion (severally, but not jointly) as their respective holdings of Shares.

  • Subject to the limitations on Distributions imposed by the Project Debt Financing Documents, the Bridge Loan Documents, Section 7.2 and Section 7.5 of this Agreement and those set forth in the Equityholders Agreement, the Company will distribute to Members holding Common Units, on an annual basis, all Cash Available for Distribution.

  • Any such sale of Shares is subject to any pledges, charges, mortgages or other encumbrances granted to banks or other lenders in connection with Project Debt Financing.

  • The Credit Facility shall rank behind and be subordinated in right of payment and security to the Project Debt Financing, the CAT Financial and all other leasing obligations, all hedging obligations 4 and the Consortium Sub-Debt (but excluding, for greater certainty, any Other Shareholder Loans, as to which the Credit Facility shall rank senior).

  • This Agreement may be amended, restated or otherwise modified only by the unanimous affirmative vote or unanimous written consent of the Members in accordance with Section 11.4 and otherwise in accordance with the Project Debt Financing Documents.


More Definitions of Project Debt Financing

Project Debt Financing has the meaning set forth in the Shareholders’ Agreement.
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Project Debt Financing has the meaning ascribed thereto in Section of the Agreement.
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Project Debt Financing means senior secured indebtedness of Kami or Alderon, in a principal amount not to exceed $1,000,000,000, incurred for the purpose of funding the construction, development and operation of the Kami Project and on terms and conditions reasonably acceptable to the Holder, it being acknowledged and agreed by the Holder’s acceptance of this Note that any such Project Debt Financing completed substantially in accordance with the terms and conditions of the Project Debt Term Sheet shall be deemed to be acceptable to the Holder.
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Project Debt Financing means an amount not to exceed $228,500,000 (plus capitalized interest) in debt financing provided to Greenpac Mill to fund the cost of the Project and to provide financing for the working capital and operational needs of Greenpac Mill through one or more senior secured credit facilities acceptable to Greenpac Mill, as the same may be refinanced or restructured from time to time.
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Project Debt Financing means the project finance arrangement ti be made available to the Borrower in accordance with the Project Debt Agreement.
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Project Debt Financing means the project finance arrangement ti be made available to the Borrower in accordance with the Project Debt Agreement.
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Related to Project Debt Financing

  • Debt Financing has the meaning set forth in Section 5.7.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Debt Financing.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Exit Financing means the financing under the Exit Facility.

  • Debt Financing Sources means (A) the banks and other entities that have committed to provide or otherwise entered into agreements in connection with debt Financing or any alternative debt financing in connection with the transactions contemplated hereby, including the lead arranger or arranger or any of the parties to the debt Financing Commitments and any joinder agreements or credit agreements relating thereto and any Affiliate of the foregoing and (B) any officers, directors or representatives of the foregoing.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Financial Closure or Project Financing Arrangements means the agreements pursuant to which the SPG has sought financing for the Power Project including the loan agreements, security documents, notes, indentures, security agreements, letters of credit and other documents, as may be amended, modified, or replaced from time to time, but without in anyway increasing the liabilities of JDVVNL.

  • Bridge Financing has the meaning set forth in Section 6.14.

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Permitted Acquisition Documents means with respect to any acquisition proposed by the Borrower or any Subsidiary Guarantor, final copies or substantially final drafts if not executed at the required time of delivery of the purchase agreement, sale agreement, merger agreement or other agreement evidencing such acquisition, including, without limitation, all legal opinions and each other document executed, delivered, contemplated by or prepared in connection therewith and any amendment, modification or supplement to any of the foregoing.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Bridge Facility means the Commitments and any Advances made thereunder.