Target Debt Balance definition

Target Debt Balance means, for each Quarterly Date, the amount set forth on Annex III for such Quarterly Date.

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Target Debt Balance as of each Semi-Annual Payment Date, an amount equal to the corresponding Dollar amount set forth in Schedule 2.9(c) for such Semi-Annual Payment Date.

Target Debt Balance means, as of any Quarterly Date during the Target Debt Sweep Period, the target Loan balance for such Quarterly Date determined in accordance with the Amortization Profile and set forth in Schedule 2.1(f); as such Schedule 2.1(f) is updated on each Borrowing Date to account for the Loan Borrowed on such Borrowing Date.

Examples of Target Debt Balance in a sentence

• Schedule 2.7(c) shall be deemed amended by reducing the Target Debt Balance for each Repayment Date by its applicable Target Debt Balance Reduction Amount.

• The Borrowers shall repay the outstanding principal amount of the Amortizing Loan on each Amortizing Loan Payment Date in an amount such that the outstanding principal amount of the Amortizing Loan after giving effect to such repayment shall be less than or equal to the Amortizing Loan Target Debt Balance applicable to such Amortizing Loan Payment Date.

• On each Repayment Date, to the extent of any cash remaining in the Revenue Account after application of clauses (A) through (F) of Section 3.03(b)(i) of the Depositary Agreement, the Borrower shall prepay the Term Loans then outstanding in an amount equal to the amount by which the aggregate principal amount of the Term Loans outstanding as of such Repayment Date is greater than the then-applicable Target Debt Balance.

• However, no Distribution Date may occur prior to the 5th Business Day following delivery to Administrative Agent of the calculation of the Target Debt Balance, Debt Service or the Debt Service Coverage Ratio relating to the proposed distribution pursuant to Section 6.9 of the Credit Agreement.

• If, as of any Payment Date, the aggregate principal balance of the Term Loans exceeds the Target Debt Balance (such excess on any Payment Date, the “Additional Principal Payment Amount”), the Borrower shall repay the Term Loan on such Payment Date in an amount equal to such excess.

More Definitions of Target Debt Balance

Target Debt Balance means, as of any Quarterly Date during the Target Debt Sweep Period, the target Loan balance for such Quarterly Date determined in accordance with the Amortization Profile and set forth in Schedule 2.1(f) ; as such Schedule 2.1(f) is updated on each Borrowing Date to account for the Loan Borrowed on such Borrowing Date.

Target Debt Balance means Two Hundred Forty Three Million Five Hundred Thousand and 00/100 Dollars ($243,500,000.00).

Target Debt Balance means, as of each Quarterly Payment Date, an amount equal to the corresponding Dollar amount calculated in accordance with Schedule 1.01(c) for such Quarterly Payment Date. If any Loans are made hereunder on any date after the Initial Funding Date (including, without limitation, any Loans made on the Second Funding Date and any Loans made under Section 2.13), each such amount set forth in Schedule 1.01(c) shall be increased to an amount equal to such amount multiplied by the Additional Loan Ratio.

Target Debt Balance with respect to each Quarterly Payment Date after the Date Certain, the amount of aggregate Term Loans borrowed on or before the Date Certain, without reduction for payment of any such Term Loans before the Date Certain, reducing on the Date Certain, and on each Quarterly Payment Date after the Date Certain by 4.00%, as such schedule of Target Debt Balance may be updated from time to time, in accordance with Sections 2.1.7(a)(x).

Target Debt Balance means, with respect to each Payment Date, the amount listed on Schedule 3.01 for such Payment Date less the sum of (i) mandatory prepayments made pursuant to Section 3.01(d) and optional prepayment made pursuant to clause (iii) of the definition of Major Project Document Termination Event, clause (iii) of the definition of Minor Project Document Termination Event, Section 10.01(f), Section 10.01(g), Section 10.01(h) or Section 10.01(k), in each case prior to such Payment Date.

Target Debt Balance means, as of each Quarterly Payment Date, an amount equal to the corresponding Dollar amount calculated in accordance with Schedule 1.01(c) for such Quarterly Payment Date. If any Loans are made hereunder on any date after the Initial Funding Date (including, without limitation, any Loans made on the Second Funding Date, any Loans made on any Secondary Facility Funding Date and any Loans made under Section 2.13), each such amount set forth in Schedule 1.01(c) shall be increased to an amount equal to such amount multiplied by the Additional Loan Ratio.

Target Debt Balance means, with respect to each Quarterly Payment Date, the amount set forth in the following table, as such table may be updated from time to time in accordance with Section 2.1.6(a)(v) of this Agreement: Date Target Debt Balance A 3/31/2020 125,000,000.00 6/30/2020 122,517,516.58 9/30/2020 118,776,299.77 12/31/2020 114,985,312.37 3/31/2021 111,389,684.14 6/30/2021 107,705,413.15 9/30/2021 103,982,532.05 12/31/2021 100,218,615.14 3/31/2022 96,525,102.36 6/30/2022 92,721,918.01 9/30/2022 88,936,248.87 12/31/2022 85,168,604.21 3/31/2023 81,418,499.70 6/30/2023 77,519,208.85 9/30/2023 73,630,491.15 12/31/2023 69,755,595.40 3/31/2024 65,898,473.76 6/30/2024 61,915,003.27 9/30/2024 57,917,307.93 12/31/2024 53,929,011.67 3/31/2025 49,971,144.21 6/30/2025 45,859,786.17 9/30/2025 41,745,349.44 12/31/2025 37,634,916.87 3/31/2026 33,567,785.29 6/30/2026 29,347,887.84 9/30/2026 25,117,649.08 12/31/2026 20,886,622.70 3/31/2027 16,706,219.72 6/30/2027 12,370,852.09 9/30/2027 8,017,716.62 12/31/2027 3,658,602.86 3/31/2028 —