Qualifying Term definition

Qualifying Term means (a) with respect to any LNG SPA replacing an LNG SPA that was previously a Qualifying LNG SPA, a term at least as long as the remaining term of the Initial LNG SPA it is replacing and (b) with respect to any other Qualifying LNG SPA, the term of such LNG SPA used in relevant Projected Fixed DSCR calculation when determining the quantum of Senior Debt that could be incurred based on the revenues projected to be generated under such LNG SPA.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Qualifying Term means a term that does not expire before the expected amortization term of the Senior Debt pursuant to the Base Case Forecast.

Qualifying Term means the twenty-four (24) months following, or the six (6) months preceding, a Change in Control.

Examples of Qualifying Term in a sentence

The 364-Day Tranche Commitments shall automatically and immediately be reduced (to the extent thereof) by the amount of (i) 100% of the Net Cash Proceeds received by the Borrower or any Subsidiary from any Debt Issuance, Equity Issuance or Asset Sale on or after the Effective Date but prior to the Term Funding Date and (ii) 100% of the commitments in respect of any Qualifying Term Loan Facility immediately upon the effectiveness of the definitive documentation in respect thereof.
The Borrower further agrees to deliver to the Administrative Agent not less than one Business Day prior to the effectiveness of a Qualifying Term Loan Facility a certificate of an Authorized Officer setting forth the committed amount of such Qualifying Term Loan Facility, the expected effective date of such Qualifying Term Loan Facility and confirming that such Qualifying Term Loan satisfies the requirements of Section 2.08(b)(iii) above.
The Applicable Discount shall be applicable for all Term Lenders who have offered to participate in the Voluntary Discounted Prepayment and have Qualifying Term Loans (as defined below).
The parties hereto agree that the Borrower intends to obtain a committed term loan facility constituting a Qualifying Term Loan Facility in an aggregate principal amount equal to $500,000,000 (the “Term Loan Facility”), which shall replace a portion of the Bridge Facility in a like amount.
For the avoidance of doubt, no Subsidiary shall be a Guarantor under the Senior Credit Agreement or any Qualifying Term Facility and not be a Guarantor hereunder.

More Definitions of Qualifying Term

Qualifying Term means (a) with respect to any new LNG SPA that meets the conditions to be, or is approved as, a Qualifying LNG SPA, the term of such LNG SPA is no shorter than the lesser of (i) 12 years and (ii) the remaining notional 20- year amortization term of the Upsized Senior Debt or (b) with respect to any LNG SPA replacing a Qualifying LNG SPA, a term at least as long as the remaining term of the Qualifying LNG SPA it is replacing.

Qualifying Term means (a) with respect to the Initial LNG SPAs, a term at least longer than the expected amortization term of the Initial Senior Debt, (b) with respect to any LNG SPA replacing an LNG SPA that was previously a Qualifying LNG SPA, a term at least as long as the remaining term of the Initial LNG SPA it is replacing and (c) with respect to any other Qualifying LNG SPA, the term of such LNG SPA used in the relevant Projected Fixed DSCR calculation when determining the quantum of Senior Debt that could be incurred based on the revenues projected to be generated under such LNG SPA.

Qualifying Term means (a) with respect to the Initial LNG SPAs, a term at least longer than the expected amortization term of the Initial Senior Debt, (b) with respect to any LNG SPA replacing an LNG SPA that was previously a Qualifying LNG SPA, a term at least as long as the remaining term of the Initial LNG SPA it is replacing and (c) with respect to any other Qualifying LNG SPA, the term of such LNG SPA used in relevant Projected Fixed DSCR calculation when determining the quantum of Senior Debt that could be incurred based on the revenues projected to be generated under such LNG SPA.

Qualifying Term means (a) with respect to any Qualifying LNG SPA that is a Replacement Indenture Qualifying LNG SPA, a term at least longer than the lesser of (i) as long #100513604v3 as the remaining term of the Initial LNG SPA it is replacing and (ii) the term necessary to, taken together with each other Qualifying LNG SPA, to amortize all Senior Debt assuming a Projected Fixed DSCR of at least 1.40:1.00 for each quarter through the last quarter in which such Senior Debt would be amortized, and (b) with respect to any other Qualifying LNG SPA, the term of such LNG SPA used in the relevant Projected Fixed DSCR calculation when determining the quantum of Senior Debt that could be incurred based on the revenues projected to be generated under such LNG SPA.

Qualifying Term means with respect to the Palladium Sales Contract, any continuous period during the term of such agreement (including any extensions thereof) during which the floor price for palladium shall be at least US$325/oz. (if on or before June 30, 2005) and at least US$300/oz. (at any time after June 30, 2005) at all times thereunder. (173) Real Estate is defined in Section 6.9 (174) Release means any release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material in the indoor or outdoor environment, including the movement of Hazardous Material through or in the ambient air, soil, surface water, ground water, wetlands, land or subsurface strata.

Qualifying Term means the period in which the Business Improvement Zone is authorized to operate and to impose and collect assessments, including the initial Qualifying Term established by the adoption of the Initial Zone Plan and any later Qualifying Terms established by the adoption of any later Zone Plans.

Qualifying Term means a word, compound word or phrase that would clearly disclose to a reasonable purchaser of meat products from a food processing plant that a food product is not a real meat product, such as: "cell-cultivated,"