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Project Finance Debt definition

Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is (A) not recourse to the Borrower other than with respect to Liens granted by the Borrower on direct or indirect equity interests in such Subsidiary to secure such Debt and limited Guaranties of, or equity commitments with respect to, such Debt by the Borrower, which Liens, limited Guaranties and equity commitments are of a type consistent with other limited recourse project financings, and other than customary contractual carve-outs to the non-recourse nature of such Debt consistent with other limited recourse project financings, and (B) incurred in connection with the acquisition, development, construction or improvement of any project, single purpose or other fixed assets of such Subsidiary, including Debt assumed in connection with the acquisition of such assets, or (ii) that represents an extension, renewal, replacement or refinancing of the foregoing, provided that, in the case of a replacement or refinancing, the principal amount of such new Debt shall not exceed the principal amount of the Debt being replaced or refinanced plus 10% of such principal amount.
Project Finance Debt means Debt of any Person that is non-recourse to such Person (unless such Person is a special-purpose entity) and each Affiliate of such Person, other than with respect to the interest of the holder of such Debt in the collateral, if any, securing such Debt.
Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is

Examples of Project Finance Debt in a sentence

  • However, should Interested Parties have any questions regarding the Tender Process or other related matters, they are entitled to send detailed requests for clarification to the following contact persons (the Contact Persons): Mr Spyros Venetsianos Senior BankerHead of Project Finance Debt Capital Markets Eurobank Ergasias S.A. Othonos 810557 Athens, Greece Svenetsianos@eurobank.grMr Theodoros Giatrakos Vice PresidentCitigroup Global Markets Ltd.

  • Definitive documentation executed for the $142.5 million Project Finance Debt Package with Orion was announced on 10 January 2022 subject to satisfaction of customary conditions precedent to financial close.

  • Palo Pinto County Water Control and Improvement District (WCID) No. 1 - Consider final approval of a request from Palo Pinto County WCID No. 1 for a State Infrastructure Bank loan in the amount of up to $250,000 to pay the costs of utility relocation necessary for a non-tolled state highway improvement project to widen FM 2951 in Palo Pinto County (MO) This item was presented by Project Finance, Debt & Strategic Contracts Division Director Ben Asher.

  • This is on the basis that the USD is a more widely recognised currency for the mining sector in which the Group operates and that its Project Finance Debt Package, offtake agreements and mining services contract are denominated in USD.

  • This reflects the fact that the USD is a more widely recognised currency for the mining sector in which the Group operates and that its Project Finance Debt Package, offtake agreements and mining services contract are denominated in USD.


More Definitions of Project Finance Debt

Project Finance Debt means Financial Indebtedness of Project Companies either:
Project Finance Debt means any indebtedness incurred in relation to any asset solely for the purposes of financing the whole or any part of the acquisition, creation, construction, improvement or development of such asset where the financial institutions to whom such indebtedness is owed have recourse solely to the applicable project borrower (where such project borrower is formed solely or principally for the purpose of the relevant project) and/or to such asset (or any derivative asset thereto) or any other similar non-recourse indebtedness which is properly regarded as project finance debt;
Project Finance Debt means any Indebtedness incurred by:
Project Finance Debt means Debt of any Person that is non-recourse to such Person (unless such Person is a special-purpose entity) and any Affiliate of such Person, other than with respect to the interest of the holder of such Debt in the collateral, if any, securing such Debt.
Project Finance Debt means, with respect to any Restricted Subsidiary, Debt (other than Debt under the Facility, the Corporate Revolver or the GoM Term Loan) of such Restricted Subsidiary that is or was Incurred after the Issue Date to provide funds for all or any part of the cost of exploration, drilling, development, production or operation of or from any interests in oil, gas and other hydrocarbon and mineral properties of such Restricted Subsidiary; provided that:
Project Finance Debt means Debt (not exceeding the cost of the acquisition, construction or creation of the relevant Asset or project) incurred or existing in connection with the financing or refinancing of any Asset or project, the repayment of which Debt is to be made from the revenues arising out of, or other proceeds of realization from, the acquired or created Asset or project, with recourse to those revenues and proceeds and Assets forming the subject matter of such Asset or project (including, without limitation, insurance, contracts and shares or other rights of ownership in the entity(ies) which own the relevant Assets or project) and other Assets ancillary thereto but without substantial recourse to any other Asset or otherwise to Borrower; provided that substantial recourse shall not be deemed to exist by reason of normal and customary sponsor support arrangements.
Project Finance Debt means any Relevant Indebtedness: