NMTC Indebtedness

Example Definitions of "NMTC Indebtedness"
NMTC Indebtedness. Unsecured Indebtedness incurred by Parent or any of its Subsidiaries in connection with obtaining a New Markets Tax Credit and the resulting tax credit equity from a third party; provided, that, (a) such Indebtedness is subordinated to the Obligations pursuant to a subordination agreement in form and substance reasonably satisfactory to Agent, (b) the aggregate outstanding principal amount of such Indebtedness shall not exceed $80,000,000 (exclusive of PIK interest) at any one time, and (c) the... aggregate outstanding principal amount of such Indebtedness (other than (i) PIK interest and (ii) obligations attributable to permitted NMTC Investments) shall not exceed $20,000,000 at any one time. View More
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