Examples of IRB Debt in a sentence
The Debtors have reviewed the proofs of claim identified on Exhibit “A” and, although the type of Debt Claim cannot be identified, the Debtors believe them to be duplicative of either (a) Wilmington Trust Bond Debt Claims, (b) Eurobond Deutsche Debt Claims, or (c) the IRB Debt Claims, as such are fixed and allowed under the Debtors’ Plan.
Among the tens of thousands of proofs of claim the Debtors received, approximately 24,000 proofs of claim have been filed by claimants seeking the repayment of principal, interest, and fees and expenses that relate to either (i) the Wilmington Trust Bond Debt Claims, (ii) the Eurobond Deutsche Debt Claims, and/or the (iii) the IRB Debt Claims.
Here, again, not only are the applicable Individual Bondholders covered under the proofs of claim filed by LDTC but also under the Debtors’ Plan which in Section 4.3(e) of Article IV of the Plan, provides in pertinent part that:The [IRB Debt] Claims shall be Allowed in the respective amounts listed next to each Indenture set forth in Exhibit “F” annexed hereto (the “ Fixed Allowed Note Claims”).
The Parent shall not make any payment which would not have been made in the absence of an amendment or change of terms applicable to any IRB Debt unless such amendment or change has been approved by the Majority Lenders as provided in the preceding sentence.
During the year ended December 31, 2016, the City amended the Library Fund, Local Alcohol Liquor Fund, Economic Development Fund, Police VIN Fund, Airport Holding Fund, ½ Cent Sales Tax IRB Debt Service Fund, CRMC Sales Tax Fund, Internet Utility Fund, Stormwater Utility Fund, and the Water and Sewer Utility Fund.