Unsecured Credit Cap definition

Unsecured Credit Cap shall have the meaning ascribed to it in Section 14.3 (Unsecured Credit).
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Unsecured Credit Cap means, with respect to Seller or a Guarantor as of a specified date, the lesser of: (a) the amount designated as such in accordance with Schedule 14.2; or (b) $59.40 per kW of Buyer’s Percentage of the Facility Nameplate Rating.
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Examples of Unsecured Credit Cap in a sentence

  • For rated bidders granted an Unsecured Credit Cap of $0.00 and having credit ratings (i) below BB- for S&P, (ii) below Ba3 for Moody’s or (iii) below BB- for Fitch, as well as unrated bidders who do not have a rated Guarantor that is capable of executing a Guaranty on behalf of the bidder, multiply this amount by 2.

  • For rated bidders granted an Unsecured Credit Cap of $0.00 and having credit ratings (i) below BB- for S&P, (ii) below Ba3B- for Moody’s or (iii) below BB-a3 for Fitch, as well as unrated bidders who do not have a rated Guarantor that is capable of executing a Guaranty on behalf of the bidder, multiply this amount by 2.

Related to Unsecured Credit Cap

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • ABL Credit Agreement as defined in the recitals hereto.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • DIP Credit Agreement means that certain Superpriority Senior Secured Debtor-in-Possession Credit Agreement dated as of May 27, 2020, among the Borrowers, the financial institutions from time to time party thereto, BOKF, as the administrative agent, and the other parties party thereto, as the same may be amended, supplemented, or otherwise modified from time to time.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.