Takeout Financing definition

Takeout Financing means any securitization or other financing of the assets securing the Notes whereby at least 95% of the Aggregate Outstanding Note Balance is repaid from the proceeds of such securitization or other financing.

Takeout Financing means any securitization or other financing of the assets securing the Notes.

Takeout Financing means the issuance of the Notes pursuant to the Note Purchase Agreement.

Examples of Takeout Financing in a sentence

• For the avoidance of doubt, the Investment Banks may reoffer the Take-out Financing to investors at any price below or above the proceeds to the Borrower and/or issuer.

• Parent shall have received a certificate of an executive officer of the Company dated as of the Closing Date to such effect; provided, that notwithstanding anything to the contrary in this Agreement, the Company’s and its Subsidiaries’ obligations under Section 7.11 will be deemed to be satisfied if the Company’s breach or breaches, if any, of its obligations under Section 7.11 did not directly or indirectly cause the failure of the Financing or Takeout Financing to be obtained.

• The Borrower shall not execute, conduct or permit any Asset Disposition with respect to any Collateral unless (i) the Borrower notifies the Bank of such Asset Disposition in writing five (5) Business Days before such Asset Disposition; and (ii) all Net Cash Proceeds or proceeds from Permitted Takeout Financing related to such Asset Disposition are applied to repay the Loans related to the Collateral that is the subject of such Asset Disposition.

• The Guarantor and the Company acknowledge that the Company will seek to arrange for one or more debt facilities to secure appropriate bank financing to complete the project (which may include an extension of the Bridge Agreement) which will refinance the Bridge Agreement (the "Takeout Financing Facility") and that any such facilities will likely require guarantees or other credit support.

• All Net Cash Proceeds from Permitted Dispositions or proceeds from Permitted Takeout Financing received by the Borrower with respect to Eligible Railcars subject to a Revolving Loan shall be used immediately to prepay said Revolving Loans.

More Definitions of Takeout Financing

Takeout Financing shall have the meaning assigned to such term in the Fee Letter.

Takeout Financing means any new debt, equity or other securities issued by the Holdco Guarantor or any direct or indirect Subsidiary of the Holdco Guarantor (howsoever described and in whatever form) that, in each case, are to be incurred to fully or partially refinance the Facility, which has been approved in writing by the Majority Lenders in their absolute discretion.

Takeout Financing means a loan provided to pay off the Construction Financing upon completion of the Development as evidenced by a final Certificate of Occupancy or building permit signoff issued by the local building authority.

Takeout Financing means any securitization or other financing of the assets securing the Notes effected through the Agent or an Affiliate of the Agent.

Takeout Financing has the meaning given to that term in Clause 7.3 (Mandatory Prepayment — Takeout Financing). Target means Oregon Steel Xxxxx Inc.

Takeout Financing a Securitization or a bank and/or bond, equity or other financing transaction by Global Signal, the Borrower or any other Affiliate of Global Signal, the proceeds of which are used to repay the Loans in connection with the maturity of the Loans or early termination of the Loan Facility.

Takeout Financing as defined in the Fee Letter.