Qualifying Takeout Transaction means a Takeout Transaction pursuant to which the Aggregate Outstanding Advances are repaid in amount equal to or exceeding the lesser of (i) $[***] and (ii) [***]% of the Aggregate Outstanding Advances immediately prior to giving effect to such Takeout Transaction.
Qualifying Takeout Transaction means a Takeout Transaction that results in a reduction of the Aggregate Outstanding Advances by an amount equal to [***].
Qualifying Takeout Transaction set forth in Exhibit A of the Credit Agreement is amended by deleting the reference to “[***]” therein and replacing it with “[***]”.
More Definitions of Qualifying Takeout Transaction
Qualifying Takeout Transaction means a Takeout Transaction that results in a reduction of the Aggregate Outstanding Advances by an amount equal to [***]. “Qualifying Tax Credit Purchaser” means (i) a Tax Credit Purchaser the senior unsecured debt obligations or senior deposits of which are rated, or the long term insurer financial strength of which is rated at least (x) as of the date the related Tax Credit Sale Contract is entered into (or, if later, the date on which the related Tax Equity Fund is first included in the Borrowing Base), “BBB” (and, if rated less “A”, with a stable or positive outlook), in the case of S&P or Fitch or “Baa2” (and, if rated less “A2”, with a stable or positive outlook), in the case of Xxxxx’x and (y) at all other times, “BBB-” (and, if rated less “A”, with a stable or positive outlook), in the case of S&P or Fitch or “Baa3” (and, if rated less “A2”, with a stable or positive outlook), in the case of Xxxxx’x, (ii) a Tax Credit Purchaser whose obligations under the Tax Credit Sale Contract are fully and unconditionally guaranteed by a Person the senior unsecured debt obligations or senior deposits of which are rated, or the long term insurer financial strength of which is rated at least (x)
Qualifying Takeout Transaction means a Takeout Transaction that results in a reduction of the Aggregate Outstanding Revolving Advances by an amount equal to: (i) in the case of a Takeout Transaction with a tenor of 5 years or more, the lesser of (x) 50% of the Aggregate Outstanding Revolving Advances (prior to giving effect to such Takeout Transaction) and (y) $100,000,000, and (ii) in the case of a Takeout Transaction with a tenor of less than 5 years, the lesser of (x) 75% of the Aggregate Outstanding Revolving Advances (prior to giving effect to such Takeout Transaction) and (y) $150,000,000.