IRB Indebtedness means the Indebtedness with respect to the City of Jackson, Mississippi Industrial Revenue Bonds (XxXxxxx-Xxxxxx Co., Inc. Project), Series 1985, in the aggregate outstanding amount of $3,650,000.
IRB Indebtedness means that certain Indebtedness of XxXxxxx-Xxxxxx Co., Inc. pursuant to the Industrial Revenue Bond Issue with the City of Jackson, Mississippi, dated December 1, 1985, evidenced by the Lease recorded in Book 3166 at Page 443 of the Land Records of Xxxxx County, First Judicial District, Mississippi, including all agreements and documents related thereto.
IRB Indebtedness means Indebtedness that is in respect of pollution control revenue bonds, industrial revenue bonds or similar instruments.
Examples of IRB Indebtedness in a sentence
The Borrower shall maintain in effect the Interest Rate Contracts in form and substance reasonably satisfactory to the Lead Lenders with respect to that portion of the Variable Rate Indebtedness which exceeds, excluding the IRB Indebtedness, the principal amount of $125,000,000.
SECTION 6: MEDI-CAL: CALIFORNIA’S MEDICAID PROGRAM California counties have a unique perspective on the state’s Medicaid program, Medi-Cal.
Tax must not be deferred for more than 01 year from the deadline.
The Indentures of Trust, Financing Agreements, Loan Agreements, Bonds, Notes and other documents relating to the IRB Indebtedness.
Make or permit any Subsidiary of any Borrower to (i) prepay or repurchase, directly or indirectly, any portion of (x) the Existing Mortgage Indebtedness or (y) the IRB Indebtedness or (ii) amend or modify (x) any agreement, instrument, or document evidencing or relating to Existing Mortgage Indebtedness or (z) any agreement, instrument or document relating to the IRB Indebtedness, in either case in a manner materially adverse to Borrowers or Agent and Lenders.
More Definitions of IRB Indebtedness
IRB Indebtedness means all Indebtedness outstanding with respect to (x) (i) those certain Industrial Revenue Bonds Series 1995 (Perma-Pipe) issued by the Industrial Board of Xxxxxx County, Tennessee in the initial amount of Three Million One Hundred Fifty Thousand Dollars ($3,150,000) (ii) that certain Trust Indenture dated September 1, 1995 by and between The Industrial Board of Xxxxxx County, Tennessee and Perma-Pipe and (iii) all indentures, mortgages, security agreements, notes, loan agreements, schedules, exhibits, amendments, modifications and other documents related thereto (collectively, the “Tennessee IRB Indebtedness”) and (y) (i) those certain Industrial Revenue Bonds issued by the Industrial Development Authority for the City of Winchester, Virginia in the initial principal amount of Three Million One Hundred Fifty Thousand Dollars ($3,150,000), (ii) that certain Trust Indenture dated September 1, 1995 by and between the Industrial Development Authority for the City of Winchester, Virginia and Midwesco and (iii) all indentures, mortgages, security agreements, notes, loan agreements, schedules, exhibits, amendments, modifications and documents those related thereto (collectively the “Virginia IRB Indebtedness”).
IRB Indebtedness means Indebtedness of Borrower issued and outstanding under the Loan Agreement dated as of December 1, 1994, among the Industrial Development Authority of the City of Torrance, U.S. Trust Company of California, N.A., as Trustee, and Borrower, as in effect on the Closing Date.
IRB Indebtedness means Indebtedness of the Company or a Subsidiary in respect of obligations issued by a State, territory or possession of the United States, or any political subdivision of any of the foregoing, or the District of Columbia, commonly referred to as industrial revenue bonds or pollution control bonds, and which is incurred to finance the acquisition or construction of property or equipment for facilities used by the Company or any of its Subsidiaries, and on which the interest is excluded from taxable income of the holder of such obligations from Federal or State income taxes.
IRB Indebtedness. Indebtedness of the Borrower incurred on December 1, 1984 in the original principal amount of $5,000,000 ($2,924,341 at November 30, 1996) under certain industrial revenue bonds issued by the Borrower pursuant to a Loan Agreement between the Borrower (formerly Mechtron International Corporation) and the Orange County Industrial Development Authority ("Authority") dated as of December 1, 1984, secured pursuant to a Mortgage Deed and Security Agreement made by the Borrower in favor of the Authority dated December 1, 1984 by a first priority lien on the real property and personal property identified on Exhibits A and B to said Loan Agreement and guaranteed by Subsidiaries of the Borrower pursuant to a Guarantee Agreement dated December 1, 1984 (such agreements being referred to herein as the "IRB Documents").
IRB Indebtedness means all Indebtedness outstanding with respect to (i) those certain Industrial Revenue Bonds Series 1995 (Perma-Pipe) issued by the Industrial Board of Xxxxxx County, Tennessee in the initial amount of Three Million One Hundred Fifty Thousand Dollars ($3,150,000) (ii) that certain Trust Indenture dated September 1, 1995 by and between The Industrial Board of Xxxxxx County, Tennessee and Perma-Pipe and (iii) all indentures, mortgages, security agreements, notes, loan agreements, schedules, exhibits, amendments, modifications and other documents related thereto (collectively, the “Tennessee IRB Indebtedness”). Lebanon Refinancing – any Money Borrowed incurred by Borrowers secured by a Lien on Perma-Pipe’s real property located at 0000 Xxxxxxx Xxxxx, Lebanon, Tennessee; provided that the terms and conditions of such Money Borrowed, including without limitation, interest rates, amortization schedules, and collateral therefor are acceptable to Agent in its sole discretion and if the proceeds of any such Money Borrowed are used to repay outstanding Revolving Credit Loans (subject to Borrowers’ rights to reborrow such amounts in accordance with the terms of this Agreement). LC Amount – at any time, the aggregate undrawn face amount of all Letters of Credit and LC Guaranties then outstanding. CHICAGO/#1571873.4
IRB Indebtedness means The Industrial Development Authority of the State of New Hampshire Floating/Fixed Rate Industrial Facility Revenue Bonds (V Land Corporation - 1985 Laconia Series) payable from payments made under the Loan Agreement.
IRB Indebtedness. Indebtedness of the Borrower incurred on December 1, 1984, in the original principal amount of $5,000,000 under certain industrial revenue bonds issued by the Borrower pursuant to a loan agreement between the Borrower (formerly Mechtron International Corporation) and the Orange County Industrial Development Authority ("Authority") dated as of December 1, 1984, secured pursuant to a Mortgage Deed and Security Agreement made by the Borrower in favor of the Authority dated December 1, 1984, by a first priority lien on the real property and personal property identified on Exhibits A and B to said loan agreement and guaranteed by Subsidiaries of the Borrower pursuant to a Guarantee Agreement dated December 1, 1984 (such agreements being referred to herein as the "IRB Documents").