Eligible Debt definition

Eligible Debt means, at any time, Eligible Subordinated Debt or, if no Eligible Subordinated Debt is then outstanding, Eligible Senior Debt.

Eligible Debt means, at any time, Eligible Subordinated Debt or, if no Eligible Subordinated Debt is then outstanding, Eligible Senior Debt. The Notes shall not be considered “Eligible Debt” for purposes of this Replacement Capital Covenant.

Eligible Debt means unsecured long-term debt that is:

Examples of Eligible Debt in a sentence

• The Issuer may, at the Portfolio Manager’s direction,enter into (i) any sale and repurchase (repo) or reverse sale and repurchase (reverse repo) transaction in respect of any Eligible Debt Securities or (ii) any buy/sell back transaction in respect of any Eligible Debt Securities or Specified Securities on such terms and with such parties as the Portfolio Manager in its discretion may deem appropriate.

• Cash Deposits, Eligible Debt Securities and FinancialDerivative Instruments, in each case as selected from time to time by the Portfolio Manager.

• No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.

• The regulations which govern the participation of securities constituted under the laws of England and Wales, Scotland or Northern Ireland (together, “UK securities”) in the CREST system are the Uncertificated Securities Regulations 2001, as amended by the Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003.

• The Notes are not, and will never become, Eligible Debt or Covered Debt (as such terms are defined in the Replacement Capital Covenant), and the holders of the Notes are not, and will never be entitled to become, Covered Debtholders (as defined in the Replacement Capital Covenant).

More Definitions of Eligible Debt

Eligible Debt means, at any time in respect of any issuer, each series of the issuer’s then outstanding long-term indebtedness for money borrowed of such issuer that (a) ranks senior to the Shares, (b) has an outstanding aggregate principal amount of not less than $100,000,000, and (c) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents and (d) if issued by U.S. Bank, is fully and unconditionally guaranteed by the Corporation (whether on a senior or subordinated basis). For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

Eligible Debt means any debt that Holdings LP has incurred and used for the specific purpose of

Eligible Debt means, at any time, indebtedness, other than the Debentures and securities that rank pari passu with the Debentures, that is Eligible Subordinated Debt or, if no Eligible Subordinated Debt is then outstanding, Eligible Senior Debt.

Eligible Debt means unsecuredlong-term debt that is:

Eligible Debt means any or all of the debt owed to commercial banks and other financial institutions, and eligible for Exchange (as hereinafter defined) under the Financing Plan;

Eligible Debt means outstanding principal, interest, and

Eligible Debt means outstanding principal, interest, and related fees from loans obtained for undergraduate, graduate, or law school educational expenses made by government or commercial lending institutions or educational institutions. "Eligible debt" excludes loans made by a private individual or family member.