Take-Out Financing definition

Take-Out Financing means a long-term loan on property

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Take-Out Financing shall have the meaning assigned to such term in Section 5.15(a)(ii).

Take-Out Financing has the meaning specified in Section 6.16(a).

Examples of Take-Out Financing in a sentence

The Borrower agrees to update the Cooperation Information and the offering document at the reasonable request of the Take-Out Banks to facilitate a Take-Out Financing.
As of the date of this Agreement, there are no side letters or Contracts to which Parent, US Holdco or Merger Sub is a party related to the conditionality, funding, or consummation of the Debt Financing except for: (i) the Fee Letter; (ii) customary engagement letters for any Take-Out Financing; and (iii) customary agency fee letters with respect to the Debt Financing.
Parent acknowledges and agrees that it is not a condition to the Closing or to any of the other obligations under this Agreement that Parent obtain the Debt Financing, the Take-Out Financing or any other financing for or relating to the Merger or the other transactions contemplated by this Agreement.
The Company hereby consents to the reasonable use of its and its Subsidiaries’ logos and other trademarks in connection with the Debt Financing and any Take-Out Financing; provided, that such logos and trademarks are used solely in a manner that is not intended to, and is not reasonably likely to, harm or disparage the Company or any of its Subsidiaries or their reputation.
The provisions of Clause 8.1 (Change of Control), Clause 8.2 (Excess Cash Flow) or Clause 8.3 (Take-Out Financing and Net Cash Proceeds) are subject to the terms of the Intercreditor Agreement.

More Definitions of Take-Out Financing

Take-Out Financing means financing procured by Borrower from a third-party financing source in an amount sufficient to cause all of the Obligations to be Paid in Full at or before the end of the Extension Period.

Take-Out Financing means any borrowings under any Parent credit facilities or any offering of debt or equity securities by Parent or any of its Affiliates, all or a portion of which will be used to fund the Merger Consideration or any other amounts payable pursuant to this Agreement in lieu of all or a portion of the Debt Financing, and which (x) is subject to conditions no more restrictive than the conditions to the receipt of the Debt Financing set forth in the Commitment Letter (without giving effect to any Restricted Amendment) (or for which proceeds have been received and constitute Escrowed Take-Out Financing Proceeds), (y) would not have terms which would reasonably be expected to delay or prevent the Closing Date and (z) would not reduce the aggregate amount of the Debt Financing, such Take-Out Financing and Parent’s and Merger Sub’s cash and cash equivalents on hand (including any Escrowed Take-Out Financing Proceeds) below the Required Amount.

Take-Out Financing means any debt financing (of whatsoever type or nature), other than the Facilities, made available for refinancing all or part of the Facilities.

Take-Out Financing means financing arranged by the Arranger for Borrower to refinance the Term Loans, in an amount sufficient to repay the Term Loans in full on or before the Maturity Date, such financing to be on terms and conditions then prevailing in the credit market place for borrowers comparable to Borrower.

Take-Out Financing means a debt financing for the Project in an amount at least equal to the then-outstanding principal amount of the Construction Loans made in respect of the Project, together with all accrued and unpaid interest and other Obligations thereon.

Take-Out Financing means unsecured senior subordinated or subordinated debt notes or securities of the Company or any of its Subsidiaries issued pursuant to an Indenture described in clause (b) of the definition thereof the proceeds of which shall be used as provided in subsection 2.4B(iii)(b).