Common use of Project Indebtedness Clause in Contracts

Project Indebtedness. All monetary obligations or liabilities incurred by IPA pursuant to any Debt Instrument issued by IPA after the Effective Date to: (a) refund or refinance any bonds or other indebtedness of IPA issued for the Project and outstanding as of the Effective Date; (b) finance or refinance the costs of Capital Improvements; or (c) finance or refinance Retirement Costs or deposits into the Retirement Reserve Fund.

Appears in 3 contracts

Sources: Power Sales Contract, Renewal Power Sales Contract, Renewal Power Sales Contract