Current Refunding definition

Current Refunding means any refinancing or refunding of indebtedness that occurs not more than ninety (90) days following the Stated Maturity of such indebtedness.
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Current Refunding means any refinancing or refunding of indebtedness that occurs not more than ninety (90) days following the Stated Maturity of such indebtedness. “Designation Notice” shall have the meaning as defined in Section 4.1(c). “Environmental Allowances and Credits” shall mean attributes of an environmental or similar nature that are created or otherwise arise from the generation, purchase or sale of electricity or that result from the avoidance or reduction of the emission of any gas, chemical or other substance (including any and all environmental air quality credits, green credits, white credits, renewable energy credits or certificates, carbon credits, emissions reduction credits, energy efficiency or energy use reduction credits, certificates, tags, offsets, tax credits, emission allowances, or similar products or rights as well as reporting rights, however entitled, currently existing or later arising under local, state, regional, federal, or international legislation or regulation or voluntary program). “Equity” shall mean the Borrower’s total margins and equities computed in accordance with Accounting Requirements. “Events of Default” shall have the meaning as defined in Article VII. “FERC” shall mean the Federal Energy Regulatory Commission, or any agency or other governmental body succeeding to the functions thereof. “FFB” shall mean the Federal Financing Bank, an instrumentality and wholly-owned corporation of the Government, and any successor to the powers and rights thereof with respect to the Notes. “Financial and Operating Report Electric – Power Supply” shall mean the version of Financial and Operating Report Electric – Power Supply (including subdivisions thereof) submitted by the Borrower and dated as of December 31, 2023 or corresponding information in
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Current Refunding means a Refunding transaction in which the proceeds of the refunding debt are applied within 90 days of each transaction to redeem the debt to be refunded. This situation differs from an Advance Refunding, where proceeds of the refunding bonds are placed in escrow pending the call or maturity of the debt to be refunded.
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Examples of Current Refunding in a sentence

  • Section 3.1. General 12 Section 3.2. Reasonable Expectations 12 Section 3.3. Purpose of Financing 12 Section 3.4. Funds 12 Section 3.5. Amount and Use of Certificate Proceeds 13 Section 3.6. [Reserved.] 13 Section 3.7. No Advance Refunding 13 Section 3.8. Current Refunding 13 Section 3.9. Project Completion; New Money Portion 13 Section 3.10.

  • Section 3.1. General 11 Section 3.2. Reasonable Expectations 11 Section 3.3. Purpose of Financing 11 Section 3.4. Funds and Accounts 11 Section 3.5. Amount and Use of Certificate Proceeds and Other Money 12 Section 3.6. Multipurpose Issue 12 Section 3.9. Current Refunding 12 Section 3.10.

  • Provided that if either of the conditions described in (1) or (2) above (the “Tax-Exempt Conditions”) is satisfied prior to August 16, 2020, with respect to any series of Bonds, then the amendment to Schedule 1 reflecting the tax-exempt rate shall be effective with respect to that separate series of Bonds or Current Refunding Bonds.

  • Section 3.1. General 10 Section 3.2. Reasonable Expectations 10 Section 3.3. Authority and Purpose for Bonds 11 Section 3.4. Funds and Accounts 11 Section 3.5. Amount and Use of Bond Proceeds and Other Money 11 Section 3.6. Multipurpose Issue 11 Section 3.7. No Advance Refunding 11 Section 3.8. Current Refunding 12 Section 3.9. Project Completion 12 Section 3.10.

  • Section 3.1. General 8 Section 3.2. Reasonable Expectations 8 Section 3.3. Purpose of Financing 8 Section 3.4. Funds and Accounts 9 Section 3.5. Amount and Use of Bond Proceeds and Other Moneys 9 Section 3.6. Multipurpose Issue 9 Section 3.7. No Advance Refunding 9 Section 3.8. Current Refunding 10 Section 3.9. Project Completion 10 Section 3.10.

  • Section 3.1. General 8 Section 3.2. Reasonable Expectations 8 Section 3.3. Purpose of Financing 8 Section 3.4. Funds and Accounts 9 Section 3.5. Amount and Use of Certificate Proceeds 9 Section 3.6. Multipurpose Issue 9 Section 3.7. No Advance Refunding 9 Section 3.8. No Current Refunding 9 Section 3.9. Project Completion 9 Section 3.10.

  • The Tax-Exempt Obligations taken into account for this purpose exclude any Private Activity Bonds and any Current Refunding Portion and Current Refunding Issue to the extent that the amount of such Current Refunding Portion or Current Refunding Issue does not exceed the outstanding amount of the obligations refunded by such Current Refunding Portion or Current Refunding Issue.

  • Section 3.1. General 9‌ Section 3.2. Reasonable Expectations 9 Section 3.3. Purposes of the Financing 9‌ Section 3.4. Funds and Accounts 9 Section 3.5. Amount and Use of Bond Proceeds and Other Money 9 Section 3.6. Multipurpose Issue 10‌ Section 3.7. Current Refunding 10 Section 3.8. Project Completion 10 Section 3.9. Sinking Funds 10‌ Section 3.10.

  • Provided that if either of the conditions described in (1) or (2) above is satisfied with respect to any series of Bonds, then the amendment to Schedule 1 shall be effective with respect to that separate series of Bonds or Current Refunding Bonds.

  • Section 3.1. General 9 Section 3.2. Reasonable Expectations 9 Section 3.3. Purpose of Financing 9 Section 3.4. Funds 9 Section 3.5. Amount and Use of Certificate Proceeds 9 Section 3.6. Multipurpose Issue 9 Section 3.7. No Advance Refunding 10 Section 3.8. No Current Refunding 10 Section 3.9. Project Completion 10 Section 3.10.


More Definitions of Current Refunding

Current Refunding means a bond refinancing in which the refunding bonds are issued not more than 90 days before the refunding bonds are first eligible to be redeemed.
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Related to Current Refunding

  • Refunding Date as defined in Section 2.7(c).

  • Current Reference Instrument means the Initial Reference Instrument from the Index Start Date until the first Rollover Date. Once the Index Closing Value on the first Rollover Date has been calculated and determined, this Reference Instrument loses its validity and is replaced by the Reference Instrument contract for the Contract Months specified above next falling due on the Reference Exchange. On each subsequent Rollover Date, following the calculation and determination of the Index Closing Value, the Current Reference Instrument is replaced in turn by the Reference Instrument contract falling due on the Reference Exchange in the next following Contract Month.

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Concurrent User means a person that has accessed the Software at any given point in time, either directly or through an application.