Balloon Indebtedness definition

Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.
Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive
Balloon Indebtedness means any Bonds 25% or more of the principal payments of which are due in a single Federal Fiscal Year, which portion of the principal is not required by the Applicable Supplemental Trust Agreement authorizing the issuance of such Bonds to be amortized by payment or redemption prior to such Federal Fiscal Year.

Examples of Balloon Indebtedness in a sentence

  • Interest that is payable prior to the Stated Maturity of any Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness shall be taken into account for such appropriate period in computation of Debt Service Requirements.

  • Interest payable at maturity or early redemption on Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness may either be amortized over the anticipated maturity or such longer period as is permitted under Section 902 or Section 211(a)(1)(D) or may be treated as principal payable on the principal maturity date of such Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness.

  • Interest payable at maturity or early redemption on Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness may either be amortized over the anticipated maturity or such longer period as is permitted under Section 902 or Section 214(a)(1)(D) or may be treated as principal payable on the principal maturity date of such Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness.

  • The City is rated “Aa2” and is not making any request related to Balloon Indebtedness.

  • Interest payable at maturity or early redemption on Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness may either be amortized over the anticipated maturity or such longer period as is permitted under Section 902 or Section 210(a)(1)(D) or may be treated as principal payable on the principal maturity date of such Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness.


More Definitions of Balloon Indebtedness

Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the principal of which (calculated as of the date of issuance) becomes due during any period of 12 consecutive months if such maturing principal amount is not required to be amortized below such percentage by mandatory redemption prior to such 12-month period, subject to adjustment as provided in the definition ofMaximum Annual Debt Service.”
Balloon Indebtedness means, with respect to any Series of Qualified Obligations twenty-five percent (25%) or more of the principal of which matures on the same date or within a 12- month period (with sinking fund payments deemed to be payments of matured principal), that portion of such Series of Qualified Obligations which matures on such date or within such 12-month period; provided, however, that to constitute Balloon Indebtedness the amount of indebtedness maturing on a single date or over a 12-month period must equal or exceed 150% of the amount of such Series of Qualified Obligations which matures during any preceding 12-month period. For purposes of this definition, the principal amount maturing on any date shall be reduced by the amount of such indebtedness which is required, by the documents governing such indebtedness, to be amortized by prepayment or redemption prior to its stated maturity date.
Balloon Indebtedness means, with respect to any Series of Distribution System Parity Obligations twenty-five percent (25%) or more of the principal of which matures on the same date or within a 12-month period (with sinking fund payments deemed to be payments of matured principal), that portion of such Series of Distribution System Parity Obligations which matures on such date or within such 12-month period; provided, however, that to constitute Balloon Indebtedness the amount of indebtedness maturing on a single date or over a 12-month period must equal or exceed 150% of the amount of such Series of Distribution System Parity Obligations which matures during any preceding 12-month period. For purposes of this definition, the principal amount maturing on any date shall be reduced by the amount of such indebtedness which is required, by the documents governing such indebtedness, to be amortized by prepayment or redemption prior to its stated maturity date.
Balloon Indebtedness means any bonds, notes or other indebtedness, other than Short-Term Indebtedness, 25% or more of the initial principal amount of which matures (or must be redeemed at the option of the holder) during any twelve month period, if such 25% or more is not to be amortized to below 25% by mandatory redemption prior to the beginning of such twelve month period.
Balloon Indebtedness means (i) a Series of Bonds with respect to which, upon the issuance thereof, 25% or more of the Principal Installments are due in the same Fiscal Year or (ii) any portion of a Series of Bonds which is so designated by the Authority pursuant to a certificate of an Authorized Officer stating that such portion shall be deemed to constitute a separate issue of Balloon Indebtedness.
Balloon Indebtedness means, with respect to any Obligations twenty-five percent (25%) or more of the principal or other similar amount of which matures or becomes due on the same date or within a 12-month period (with sinking fund payments deemed to be payments of matured principal), that portion of the principal or other similar amount of such Obligations which matures or becomes due on such date or within such 12-month period.
Balloon Indebtedness means that portion of any series of Parity Bonds that