Operating Debt definition

Operating Debt means, as to any Person at a particular time, without duplication, all of the following to the extent constituting Debt:

Operating Debt of any Person shall mean, without duplication, any Debt or other obligations of such Person (a) in respect of AXXX, XXX and other similar insurance reserve requirements, (b) incurred in connection with repurchase agreements and securities lending, (c) to the extent the proceeds of which are used directly or indirectly (including for the purpose of funding portfolios that are used to fund trusts in order) to support AXXX, XXX and other similar insurance reserve requirements, (d) to the extent the proceeds of which are used to fund discrete customer-related assets or pools of assets (and related hedge instruments and capital) that are at least notionally segregated from other assets and have sufficient cash flow to pay principal and interest thereof, with insignificant risk of other assets of such Person and its subsidiaries being called upon to make such principal and interest payments, (e) excluded from financial leverage by both S&P and Xxxxx’x in their evaluation of such Person, (f) in respect of letters of credit (other than the Letters of Credit) issued on behalf of any Subsidiary for insurance regulatory or reinsurance purposes, (g) that is consolidated on the balance sheet of such Person as a “Variable Interest Entity” under ASC 810 (or any successor interpretations or amendments thereto) or (h) that is owed to a Federal Home Loan Bank.

Operating Debt means any Debt set forth on Schedule A-3 that is not paid off on or prior to Closing.

Examples of Operating Debt in a sentence

• No Short-Term Operating Debt The County intends to manage operations such that no short-term debt will be needed in the future.

• The Operating Debt Levy is posted directly to this account and is not reflected in the district’s revenue accounts.

• Standard Ten: The school is not in Statutory Operating Debt (SOD).

• See “SECTION X: OTHER INFORMATION—Litigation—Taxes.” Comparison of Real Estate Tax Levies, Tax Limits and Tax Rates Levy Within Operating Debt Service Debt Service Levy as aPercentage of OperatingLevy Within Operating Limit as aPercentage of Operating Rate Per$100 of Full Average Tax Rate Per $100 ofFiscal Year Total Levy(1)LimitLevy(2)Total LevyLimitLimitValuation(3) Assessed Valuation (Dollars in Millions, except for Tax Rates)2014 .

• This consultation also forms part of one of the recommendations given in the Heritage Assessment, to notify council of the proposed modification.

• Under the Town Charter, approved in 2012, the combined Total Town Operating, Debt Service, and Capital Budget are summarized below.

• Scott Kuhnly, First Selectman and Members of the Board of Selectmen of the Town of Granby, Connecticut The proposed Operating, Debt Service, and Capital Improvement Budget for the 2021-2022 Fiscal Year is enclosed.

• The CofC shall be electronically delivered in Excel form and in .csv form to Xxxxxxxx.Xxxxxxx@xxxxxxxx.xxx to allow for automatic data processing.

• These figures include transfers to the School Operating, Debt Service, and Construction Funds.

• See “SECTION X: OTHER INFORMATION—Litigation—Taxes.”Comparison of Real Estate Tax Levies, Tax Limits and Tax Rates Levy Within Operating Debt Service Debt Service Levy as aPercentage of OperatingLevy Within Operating Limit as aPercentage of Operating Rate Per$100 of Full Average Tax Rate Per $100 ofFiscal Year Total Levy(1)LimitLevy(2)Total LevyLimitLimitValuation(3) Assessed Valuation (Dollars in Millions, except for Tax Rates)2013 .

More Definitions of Operating Debt

Operating Debt means Debt of the Borrower or any Subsidiary, arising pursuant to operating credit facilities and incurred in the ordinary course of business for the purpose of carrying on such business, consistent with historical practice;

Operating Debt means any unpaid expenses incurred whose source of payment is the municipality’s operating revenues.

Operating Debt means (i) leases entered into in the ordinary course of business in respect of computer equipment or software; (ii) leases entered into in the ordinary course of business in respect of property other than computer equipment or software, with an initial capital cost of less than $75,000 in the aggregate; (iii) debt in favour of suppliers of inventory or equipment in the ordinary course of business which represents a purchase money security interest; (iv) unsecured debt incurred in the ordinary course of business with trade suppliers; (v) unsecured debt pursuant to any other contracts entered into in the ordinary course of business; and (vi) credit facilities obtained from a bank or other reputable financial institution in an aggregate amount not to exceed $100,000, to cover cash flow deficiencies arising in the ordinary course of business or to finance the acquisition of assets for use by the Borrower in the ordinary course of business;

Operating Debt of a school district means the net negative unreserved general fund balance calculated as of June 30 of each year in accordance with the uniform financial accounting and reporting standards for Minnesota school districts.

Operating Debt means the amounts due in the ordinary course from the Company to RPMC for reimbursement of operating expenses pursuant to the Amended and Restated Operating Agreement between the Company and RPMC.

Operating Debt of any Person means, at any date, without duplication, any Debt of such Person (a) in respect of Regulation AXXX, Regulation XXX, closed block and other similar redundant life insurance reserve requirements, (b) incurred in connection with repurchase agreements and securities lending, (c) to the extent the proceeds of which are used directly or indirectly (including for the purpose of funding portfolios that are used to fund trusts or other segregated pools of assets in order) to support Regulation AXXX, Regulation XXX, closed block and other similar redundant life insurance reserves or (d) to the extent the proceeds of which are used to fund discrete customer-related assets or pools of assets or separate accounts (and related hedge instruments and capital) that are at least notionally segregated from other assets and have cash flow expected to be sufficient (as reasonably determined by such Person at the time such Debt is incurred) to pay principal and interest thereof, with immaterial risk (as reasonably determined by such Person at the time such Debt is incurred) of other assets of any Loan Party and its Subsidiaries being called upon to make such principal and interest payments.