Interim Indebtedness definition

Interim Indebtedness means Utility Indebtedness having a term not less than one year, and not in excess of five years, incurred or assumed in anticipation of being refinanced or refunded with Long- Term Indebtedness.

Interim Indebtedness means Bonds having a term not less than thirteen months, and not in excess of five years, incurred or assumed in anticipation of being refinanced or refunded with Long-Term Indebtedness.

Interim Indebtedness means indebtedness, except general obligation indebtedness, with a maximum maturity of not more than five years, incurred or assumed in anticipation of being refinanced or refunded by Additional Bonds.

Examples of Interim Indebtedness in a sentence

• Interim Indebtedness may be deemed to be Indebtedness which, at the date of its original incurrence, would meet the conditions specified in the statement of the Consultant as required in Section 902; provided that the Consultant shall for each annual period that the Debt Service Requirement is computed, provide a supplemental statement that at such period, the certifications contained in the statement are reasonable.

• 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.

• The Interim Indebtedness could be incurred assuming it was Long-Term 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.

More Definitions of Interim Indebtedness

Interim Indebtedness means the indebtedness in the principal amount of $220,000 incurred, in anticipation of the issuance of the Series 1996B Bonds, to pay a like principal amount of the Prior Bonds which matured on September 1, 1996.

Interim Indebtedness means all School Indebtedness having an original maturity less than or equal to five (5) years and not renewable at the option of the Tenant for a term greater than five (5) years from the date of original incurrence or issuance.

Interim Indebtedness means all Obligated Group School Indebtedness having an original maturity less than or equal to five years and not renewable at the option of Lessee for a term greater than five years from the date of original incurrence or issuance.

Interim Indebtedness means Additional Bonds that are bonds or bond anticipation notes with a final maturity of not more than five years and issued pursuant to this CFC Master Trust Agreement in anticipation of being funded or refunded by Additional Bonds.

Interim Indebtedness means Indebtedness with respect to which the Obligated Group Agent certifies, at the time of the incurrence thereof, that the Obligated Group Agent expects to pay the principal amount of such Indebtedness from a source other than the revenues of the Obligated Group, including but not limited to the proceeds of other Indebtedness.

Interim Indebtedness means a portion of the interim financing note heretofore issued by the Authority on December 7, 2009, to the Bank to refund the Authority’s Water Revenue Bond, Series of 1982, dated as of March 10, 1982, originally issued in the maximum principal amount of $1,311,400 to the United States of America, acting through the Farmers Home Administration, under and secured by a Loan Resolution, duly adopted by the Authority on ,1982, thereafter transferred to and currently held as Loan No. 010516601, by Capmark Finance, Inc., as Master Servicer on behalf of the Community Program Loan Trust 1987A, which interim financing note is to be refunded and redeemed pursuant to the Refunding Project;

Interim Indebtedness means any Indebtedness issued in anticipation of any Series of Bonds or Parity Indebtedness, which Bonds or Parity Indebtedness have been previously authorized for issuance by the Authority.