Authority Debt definition

Authority Debt means the Notes and/or Bonds issued to provide funds for the Authority's Facility Cost.

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Authority Debt means any bonds or other obligations issued at any time by, on behalf of, or at the request of the Authority or for which the Authority is otherwise responsible, directly or indirectly;

Authority Debt means, collectively, the Notes and each additional issue of Refunding Obligations.

Examples of Authority Debt in a sentence

All Pledged Revenues received by the Finance Authority pursuant to this Section 5.2 shall be accounted for and maintained on an ongoing basis by the Finance Authority in the Finance Authority Debt Service Account and all Loan Agreement Payments shall be remitted to the Trustee.
The amounts on deposit in the Finance Authority Debt Service Account and Loan Agreement Reserve Account shall be expended and used by the Finance Authority or the Trustee, as the case may be, only in the manner and order of priority specified below.
Upon written notice to the Distributing State Agency from the Finance Authority, the amount of the Pledged Revenues to be paid to the Finance Authority shall be increased from the amounts shown on Exhibit “A” to defray any delinquencies in the Finance Authority Debt Service Account or Loan Agreement Reserve Account, if any, established for the Governmental Unit.
Upon the occurrence of an Event of Default, the Authority or its assignees, [the Bank acting through the Agent to the extent it is or is deemed to be a holder of Authority Debt] and the Trustee shall be entitled to use and exercise any and all remedies provided by law to correct such Default, including, but not limited to, the remedies provided in Act 183.
That portion of the proceeds of such Authority Debt which will be used to pay the Authority's Facility Cost shall be deposited in the Acquisition Account.
Nothing in this Lease shall be construed as requiring or obligating the Authority to issue or sell Authority Debt.
The Authority's acquisition of the Facility shall be financed by issuing Authority Debt.
Money on deposit in the Finance Authority Debt Service Account established by the Finance Authority for the Governmental Unit may be invested by the Finance Authority in Permitted Investments at the discretion of the Finance Authority.
The Finance Authority Debt Service Account shall be established and held by the Finance Authority and the Loan Agreement Reserve Account shall be established and held by the Trustee, each on behalf of the Governmental Unit.
The Governmental Unit has transferred to the Finance Authority from the Pledged Revenues, the amounts provided in subsections (a)(i) and (ii) of Section 5.2 of this Loan Agreement for deposit into the Finance Authority Debt Service Account and the amount provided in subsection (c), if any, for deposit into the Loan Agreement Reserve Account.

More Definitions of Authority Debt

Authority Debt means, with respect to the Authority, any of the following (without duplication) that are secured by or payable solely from Pledged Revenues or the General Fund: (a) all obligations of the Authority for borrowed money, (b) all obligations of the Authority evidenced by bonds, debentures, notes or other similar instruments or evidences of indebtedness, (c) all obligations of the Authority to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business, (d) all obligations of the Authority as lessee under capital leases, (e) all debt of others secured by a lien on any asset of the Authority, whether or no such debt is assumed by the Authority, (f) all Guarantees by the Authority of debt of other Persons, (g) all obligations of the Authority to reimburse or repay any bank or other Person in respect of amounts paid or advanced under a letter of credit (including standby and commercial),

Authority Debt means the debt of the Authority as set forth in Section 1.03 of the Disclosure Schedule.