CDD Debt definition

CDD Debt means “low-floater” tax-exempt municipal bonds or other type of bond authorized by assessment district, improvement district or other community facilities district, to finance the development, construction and installation of infrastructure improvements on any Borrowing Base Property and off-site infrastructure improvements for the benefit of the project related to such Borrowing Base Property in connection with the development of the Borrowing Base Property, including without limitation roadway improvements, streets and utility lines and facilities.
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CDD Debt means obligations of the Borrower or any other Loan Party to repay or guarantee shortfalls in payments of bond financing issued by community development districts and local government districts to construct infrastructure improvements.
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CDD Debt means "low-floater" tax-exempt municipal bonds or other type of bond authorized by assessment district, improvement district or other community facilities district, to finance the development,
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Examples of CDD Debt in a sentence

  • Part I of Schedule 7.1(g) is, as of the Agreement Date (or, with respect to CDD Debt, the Cutoff Date), a complete and correct listing of all Indebtedness (including all Guarantees) of each of the Borrower, the other Loan Parties and the other Subsidiaries, and if such Indebtedness is secured by any Lien, a description of all of the property subject to such Lien.

  • Part I of Schedule 7.1(g) is, as of the Agreement Date (or, with respect to CDD Debt, the Cutoff Date), a complete and correct listing of all Indebtedness (including all Guarantees) of each of the Borrower, the other Loan Parties and the other Subsidiaries, and if such Indebtedness is secured by any Lien, a description of all of the property subject to NAI-1502661059v7 74 such Lien.