Refinancing Funded Debt definition
Refinancing Funded Debt and the existing Funded
Refinancing Funded Debt and the existing Funded Debt being refinanced, the “Existing Funded Debt”) provided in each case that:
Refinancing Funded Debt means any Refinancing by NNC, the Issuer or any other Subsidiary of NNC of Funded Debt permitted by Section 1006 of this Indenture (other than pursuant to clauses (d), (e), (f), (h), (i), (j) or (k) of the definition of “Permitted Funded Debt”), in each case that does not:
(a) result in an increase in the aggregate principal amount of Funded Debt of such Person as of the date of such proposed Refinancing (plus the amount of any premium required to be paid under the terms of the instrument governing such Funded Debt and plus the amount of reasonable expenses incurred by NNC, the Issuer or any other Subsidiary of NNC in connection with such Refinancing); or
(b) create Funded Debt with either (i) a Weighted Average Life to Maturity that is less than the Weighted Average Life to Maturity of the Funded Debt being Refinanced or (ii) a final maturity earlier than the final Maturity of any Debt Security.
More Definitions of Refinancing Funded Debt
Refinancing Funded Debt means any Refinancing by NNC or any Subsidiary of Permitted Funded Debt (other than any Funded Debt described in (b), (c), (d), (g), (h), (i) or (j) of the definition of Permitted Funded Debt), in each case that does not: