Project Indebtedness definition

Project Indebtedness means any Indebtedness to finance or refinance a Project where the recourse of the creditors thereof is limited to any or all of (i) the relevant Project (or the concession or assets related thereto), (ii) the share capital of, or other equity contribution to, the Project Company or Project Companies developing, financing or otherwise directly involved in the relevant Project, and/or (iii) other credit support (including, without limitation, completion guarantees and contingent equity obligations) customarily provided in support of such indebtedness.

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Project Indebtedness means (i) Indebtedness of any Kwidzyn Entity or (ii) Indebtedness of the Company, IPISA or Aussedat Rey that constitutes Indebtedness of such Person due solely to the pledge, on a non-recourse basis, by such Person of Indebtedness or capital stock of any Kwidzyn Entity held by such Person to secure Indebtedness of any Kwidzyn Entity to any other Person or Persons or (iii) Indebtedness of the Company or any Subsidiary incurred to finance the acquisition, construction or development of Project Assets (as defined in Section 6.07(h)); provided in the case of this clause (iii) that (x) such Indebtedness is non-recourse to any other assets and (y) the aggregate principal amount of such Indebtedness may at no time exceed $200,000,000.

Project Indebtedness is defined in Section 6.12(c) hereof.

Examples of Project Indebtedness in a sentence

Costs for such Capital Improvements that are Major Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be included in a budget for each such Major Capital Improvement payable from the proceeds of Renewal Contract Project Indebtedness, except to the extent included in the Operating Budget payable as Monthly Power Costs.
Any Debt Instrument issued by IPA prior to the Transition Date by which Transition Project Indebtedness is incurred or evidenced.
For any period and with respect to all series, issues or tranches of any specified Project Indebtedness, shall mean, as of any date of calculation, the sum of the amounts of Debt Service for such period with respect to all such series, issues or tranches of such Project Indebtedness.
Any Bond Resolution adopted prior to the Transition Date under which Transition Project Indebtedness is incurred or issued by IPA.
With respect to any particular issue, series or tranche of Project Indebtedness, all capitalized interest, debt service funds or accounts and debt service reserve funds or accounts financed with such Project Indebtedness, and all underwriters’ or brokers’ discounts or fees, bond insurance premiums, rating agency fees, attorneys’ fees and other issuance costs of any type or nature associated with such Project Indebtedness.

More Definitions of Project Indebtedness

Project Indebtedness means any outstanding financing or other arrangements entered into by or on behalf of the LLC which relate to the Property, including, without limitation, any mezzanine or bridge financing, or amendments or extensions thereof. The transfer of the LLC Interest as contemplated by this Agreement shall be subject to any Project Indebtedness.

Project Indebtedness is defined in Section 3.2(a). “Project Site” is defined in the DDA.

Project Indebtedness means (i) any unsubordinated indebtedness incurred by the Company specifically for the purpose of construction and development of the San ▇▇▇▇▇▇▇▇▇ Project which is secured by the property, property assets or other assets of the Company or any of its Subsidiaries, and (ii) any guarantee of the indebtedness described in (i) by the Company, its Affiliates or its Subsidiaries, for the period such guarantee is in effect.

Project Indebtedness means Indebtedness of the Parent or any Subsidiary incurred to finance the acquisition, construction or development of Project Assets (as defined in Section 6.7(h)); provided that (x) such Indebtedness is non-recourse to any other assets and (y) the aggregate principal amount of such Indebtedness may at no time exceed $425,000,000.

Project Indebtedness means secured Indebtedness incurred solely by a Project Subsidiary for the specific purpose of development, construction and/or commission of the specific wind energy power project of such Project Subsidiary, which secured Indebtedness is secured solely by, and lent solely against, such specific project and as to which neither the Company nor any other Subsidiary is a guarantor or is otherwise responsible or obligated.

Project Indebtedness means Indebtedness of any Project Finance Subsidiary, including inverted leases and back leverage relating to residential leases, securitizations, Sale and Lease Back Transactions and other similar financing structures, as to which the holders of such Indebtedness have recourse only to such Project Finance Subsidiary and any other Project Finance Subsidiaries, including such Project Finance Subsidiaries' assets, but without recourse to any Loan Party or any of their respective Subsidiaries which are not Project Finance Subsidiaries, including any of their assets other than the Equity Interests in Project Finance Subsidiaries.

Project Indebtedness has the meaning set forth in Section 3.4.