Project Financing Facility definition

Project Financing Facility means any loan, note purchase agreement, indenture, lease, credit agreement, reimbursement agreement, letter of credit or other facility pursuant to which an Asset Company or Investment Vehicle which directly or indirectly owns an Asset Company incurs Indebtedness, provided that any such Indebtedness is recourse only to (a) the assets of such Asset Company or any Asset Company which is a Subsidiary of such Asset Company, (b) the equity or ownership interests of such Asset Company or any Investment Vehicle which owns such Asset Company or (c) any Equity Funding Arrangements provided with respect to such Asset Company or Investment Vehicle or a Lien on any such Equity Funding Arrangements.
Sample 1Sample 2Sample 3
Project Financing Facility means one or more debt facility with banks or other institutional lenders or governmental lenders providing for loans for the purpose of financing the Xxxxxxxx Project, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time, whether by the same or any other lender or group of lenders, in each case on terms and conditions, and pursuant to documentation, acceptable to the holders.
Sample 1Sample 2Sample 3
Project Financing Facility means, with respect to the Project, each and all common terms, omnibus loan facilities, credit or similar agreements, reimbursement agreements, letters of credit, trust and retention agreements, inter-creditor agreements, indentures, leases, note purchase agreements, security agreements, mortgages, pledges, guarantees or other agreements pursuant to which the Seller, the Covanta Shareholder, the Operator or the applicable Project Entities incurred debt or provided guarantees, collateral or security for the construction, operation and business of the Project, as provided for in the Data Room.
Sample 1

Examples of Project Financing Facility in a sentence

  • Transaction costs under the Project Financing Facility and deferred financing fees related to the Working Capital Facility are amortized over the remaining facility terms.As at December 31, 2022, the Company was in compliance with all covenants under the Facilities.Interest rate swap agreementsOn December 14, 2021, under the terms of the Project Finance Facility, the Company became party to a series of interest rate swap agreements on 75% of the principal amount available, up to$127.5 million.

  • On closing of the Credit Facility, the Company fully drew the $50,000 Term Facility and used $40,000 of available cash to repay the outstanding $90,000 Project Financing Facility.

  • Agent Means Bayerische Hypo- und Vereinsbank AG in its capacity as agent under the Project Financing Facility Agreement in relation to the Plant entered into between, INTER ALIOS, the Owner and Bayerische Hypo- und Vereinsbank AG, and any of its subsequent successors and permitted transferees and assigns.

  • Hypo- und Vereinsbank AG in its capacity as agent under the Project Financing Facility Agreement in relation to the Plant entered into between, INTER ALIOS, the Owner and Bayerische Hypo- und Vereinsbank AG, and any of its subsequent successors and permitted transferees and assigns.

  • On closing of the Credit Facility, the Company fully drew the $50,000 Term Facility and used $40,000 of available cash to repay the previously outstanding $90,000 Project Financing Facility.

  • The Company held a balance of $90,000 under the Project Financing Facility throughout the majority of the year until November 29, 2022, when the Company repaid the total principal of $90,000 and all outstanding accrued interest.

  • In July 2011, the Bank signed a U.S.$100 million Trade and Project Financing Facility with Export-Import Bank of China (“Exim China”).

  • The highly successful loans were tranches 1 and 2 of the first India Infrastructure Project Financing Facility (IIPFF I).

  • Summary of borrowing arrangementsOn 27 October 2017, the Group entered into a secured Project Financing Facility (PFF) with Taurus Mining Finance Fund (Taurus) for US$20M.

  • In 2015, the Group signed a EUR 557 million non-recourse 13.5-year Project Financing Facility with a floating interest rate based on 3-month Euribor to finance the construction of an ammonia plant in Kingisepp, Russia.


More Definitions of Project Financing Facility

Project Financing Facility means any loan facility or other financing arrangement for Indebtedness in favour of any Seller Group Entity for the purpose of financing all or a portion of the cost to develop, construct, maintain or operate the Chapada Mine, including any refinancing thereof.
Sample 1
Project Financing Facility is hereby deleted from Section 1.01 (Definitions).
Sample 1
Project Financing Facility means one or more loan agreements, indentures or similar debt agreements or instruments governing the terms and conditions of the Project Financing.
Sample 1

Related to Project Financing Facility

  • 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.

  • Project financing gap means the part of the total project cost,

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • 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.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

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

  • Debt Facilities means one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or issuances of debt securities evidenced by notes, debentures, bonds or similar instruments, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt securities) in whole or in part from time to time (and whether or not with the original administrative agent, lenders or trustee or another administrative agent or agents, other lenders or trustee and whether provided under the original Credit Agreement or any other credit or other agreement or indenture).

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • School facilities project means the planning, acquisition,

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Holding facility means a designated area for the retention of

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.