Takeout Debt definition

Takeout Debt has the meaning given to such term in the Fee Letter.
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Takeout Debt means debt incurred in the form of loans or securities, the proceeds of which are used to replace the funding provided by or to be provided by, to repay or issue in lieu of any portion of the principal, other amounts or commitments then outstanding under any Facility.
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Takeout Debt means Indebtedness incurred or issued by the Borrower, the proceeds of which shall be used solely to refinance the Bridge Loans, Extended Term Loans (if any) and Exchange Notes (if any) and to pay accrued and unpaid interest and the aggregate amount of original issue discount, premiums (including tender premiums), and underwriting discounts, defeasance costs and fees and expenses in connection therewith, which Takeout Debt shall comply with the limitations set forth in clauses (a), (b), (c) (other than the proviso to clause (c)) and (d) of the definition of “Refinancing Notes”.
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Examples of Takeout Debt in a sentence

  • The Holder may elect to receive accrued but unpaid interest on any or all anniversaries of the date of this Note.

  • Any proceeds from the sale of Secured Takeout Debt (as defined in the Fee Letters) funded or purchased by a Lender or one or more of its affiliates will be applied, first, to refinance the Secured Bridge Loans held at that time by such Lender, and second, in accordance with the pro rata provisions otherwise applicable to prepayments.

  • Within ninety (90) days after the Closing Date, Borrowers shall enter into and shall maintain in full force and effect arrangements which hedge interest rate exposure with respect to an amount equal to no less than $450,000,000 either through one or more Hedging Agreements or the issuance of the Takeout Debt.

  • Any proceeds from the sale of Unsecured Takeout Debt (as defined in the Fee Letters) funded or purchased by a Lender or one or more of its affiliates will be applied, first, to refinance the Unsecured Bridge Loans held at that time by such Lender, and second, in accordance with the pro rata provisions otherwise applicable to prepayments.

  • Any proceeds from the sale or other placement of Takeout Notes or other Takeout Debt funded or purchased by a Lender or one or more of its affiliates will be applied, first, to refinance the Bridge Loans held at that time by such Lender, and second, in accordance with the pro rata provisions otherwise applicable to prepayments.


More Definitions of Takeout Debt

Takeout Debt means, at any date of determination, the outstanding aggregate principal amount of all Debt issued by the Company after the date hereof, to the extent the same resulted in a dollar-for-dollar reduction in the commitments in respect of the 364-Day Credit Agreement.
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Takeout Debt means the senior unsecured notes to be issued by Company to refinance or replace (whether before or after the Closing Date) the Bridge Loans Facility (and pay fees or expenses in connection therewith) and the Indebtedness represented thereby.
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Related to Takeout Debt

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Project Debt means Indebtedness of one or more Project Subsidiaries incurred for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties; provided that the Company is not liable with respect to such Indebtedness except to the extent of a non-recourse pledge of equity interests in one or more Project Subsidiaries.

  • Securitization Indebtedness means any Indebtedness under any Securitization Transaction that does not permit or provide recourse for principal or interest (other than Standard Securitization Undertakings) to the Borrower or any Restricted Subsidiary of the Borrower (other than a Securitization Entity) or any property or asset of the Borrower or any Restricted Subsidiary of the Borrower (other than the property or assets of a Securitization Entity or any Equity Interests or securities issued by a Securitization Entity).

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Pari Passu Indebtedness means any Indebtedness of the Issuers or any Guarantor that ranks pari passu in right of payment with the Notes or such Guarantor’s Subsidiary Guarantees, as applicable.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness, determined as of and immediately prior to the Closing.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.