Refunded Commercial Paper Notes definition

Refunded Commercial Paper Notes means the particular Commercial Paper Notes that the Authorized Representative, acting for and on behalf of the Board, pursuant to Sections 7.04 and 7.05 hereof, determines shall be refunded by a Series of Bonds. The Refunded Commercial Paper Notes shall be specified in the Award Certificate.
Refunded Commercial Paper Notes means the $125,000,000 aggregate principal
Refunded Commercial Paper Notes means $[] aggregate principal amount of the Commercial Paper Notes being current refunded and paid with a portion of the proceeds of the Series 2019[A/B] Bonds.

Examples of Refunded Commercial Paper Notes in a sentence

  • Many of the questions, addressed to the Treaty Commission, and much of the misinformation, focused on the impact the decision would have on treaty negotiations.

  • If an Authorized Representative determines that any Series of Bonds issued for the purpose of refunding or refinancing the Refunded Bonds, the Refunded Notes or Refunded Commercial Paper Notes shall be sold on a negotiated basis, such Authorized Representative is authorized to approve, execute and deliver a Bond Purchase Contract with the Underwriters of each such Series of Bonds.

  • Additionally, an amount sufficient to pay the interest on the Refunded Commercial Paper Notes on their respective maturity dates (or with respect to certain Refunded Commercial Paper Notes that mature after the sale date and that will be remarketed prior to Closing, an amount sufficient to pay interest at a rate of 10% from the date of remarketing to their maturity date), shall becontributed from lawfully available funds of the System.

  • The Series 2019-B Bonds are being issued for the purposes of (a) financing the Costs to be incurred by the Authority, and reimbursing the Authority for Costs previously incurred by the Authority, with respect to the Series 2019-B Projects, [(b) refunding and paying a portion of the Refunded Commercial Paper Notes, (c) refunding and paying a portion of the Refunded Revolving Obligations,] and (d) paying the Costs of Issuance allocable to the Series 2019-B Bonds.

  • The Series 2019-A Bonds are being issued for the purposes of (a) financing the Costs to be incurred by the Authority, and reimbursing the Authority for Costs previously incurred by the Authority, with respect to the Series 2019-A Projects, (b) refunding and paying [a portion of] the Refunded Commercial Paper Notes, (c) refunding and paying [a portion of] the Refunded Revolving Obligations, and (d) paying the Costs of Issuance allocable to the Series 2019-A Bonds.

  • Following the deposit of funds to the credit of the Note Payment Fund as herein specified, the Refunded Commercial Paper Notes shall be payable solely from and secured by such deposits and shall cease to be payable from Net Revenues.

  • If Bonds are issued for purpose of refunding Refunded Bonds, Refunded Notes or Refunded Commercial Paper Notes, include description of Refunded Bonds, Refunded Notes or Refunded Commercial Paper Notes to be refunded, including maturities and principal amounts, as set forth in respective Award Certificate.

  • PAYMENT OF OBLIGATIONSSection 15.01 Payment of Refunded Commercial Paper Notes.

  • All Bonds sold to refund or refinance Refunded Bonds, Refunded Notes or Refunded Commercial Paper Notes are hereby deemed to be “refunding bonds” within the meaning of the Constitutional Provision and therefore may be sold in the manner deemed by an Authorized Representative to be most economically advantageous to the Board.

  • Section 7.05 Refunding of Refunded Bonds, Refunded Notes and Refunded Commercial Paper Notes; Escrow Agreements.


More Definitions of Refunded Commercial Paper Notes

Refunded Commercial Paper Notes means the commercial paper notes described on Schedule I hereto.
Refunded Commercial Paper Notes means those Commercial Paper Notes designated in the Pricing Certificate from the list of Refunded Note Candidates described on Schedule I.
Refunded Commercial Paper Notes means those Commercial Paper Notes designated by the Chief Financial Officer/Director of Financial Management Services of the City in accordance with Section 2(b) of this Thirty-Second Supplement to be refunded with the proceeds of Bonds.

Related to Refunded Commercial Paper Notes

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit subject to any particular pooling arrangement by such Conduit, but excluding Commercial Paper issued by such Conduit for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit.

  • Commercial Paper Dealers means Merrill Lynch, Pierce, Fenner & Smith Incorporated and such other commercial paper dealer or dealers as the Corporation may from time to time appoint, or, in lieu of any thereof, their respective affiliates or successors.

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Commercial Paper Rate means: (1) the

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Refinancing Notes means any secured or unsecured notes or loans issued by the Borrower or any Subsidiary Loan Party (whether under an indenture, a credit agreement or otherwise) and the Indebtedness represented thereby; provided, that (a) (i) 100% of the Net Proceeds of such Refinancing Notes that are secured on a pari passu basis with the Term B-1 Loans are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof or (ii) 90% of the Net Proceeds of any other Refinancing Notes are used to permanently reduce Loans and/or replace Commitments substantially simultaneously with the issuance thereof; (b) the principal amount (or accreted value, if applicable) of such Refinancing Notes does not exceed the principal amount (or accreted value, if applicable) of the aggregate portion of the Loans so reduced and/or Commitments so replaced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs, fees, commissions and expenses); (c) the final maturity date of such Refinancing Notes is on or after the Term Facility Maturity Date or the Revolving Facility Maturity Date, as applicable, of the Term Loans so reduced or the Revolving Facility Commitments so replaced; (d) the Weighted Average Life to Maturity of such Refinancing Notes is greater than or equal to the Weighted Average Life to Maturity of the Term Loans so reduced or the Revolving Facility Commitments so replaced, as applicable; (e) in the case of Refinancing Notes in the form of notes issued under an indenture, the terms thereof do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the Term Facility Maturity Date of the Term Loans so reduced or the Revolving Facility Maturity Date of the Revolving Facility Commitments so replaced, as applicable (other than customary offers to repurchase or mandatory prepayment provisions upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default); (f) the other terms of such Refinancing Notes (other than interest rates, fees, floors, funding discounts and redemption or prepayment premiums and other pricing terms), taken as a whole, are substantially similar to, or not materially less favorable to the Borrower and its Subsidiaries than the terms, taken as a whole, applicable to the Term B-1 Loans (except for covenants or other provisions applicable only to periods after the Latest Maturity Date in effect at the time such Refinancing Notes are issued), as determined by the Borrower in good faith (or, if more restrictive, the Loan Documents are amended to contain such more restrictive terms to the extent required to satisfy the foregoing standard); (g) there shall be no obligor in respect of such Refinancing Notes that is not a Loan Party; and (h) Refinancing Notes that are secured by Collateral shall be subject to the provisions of a Permitted Pari Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable.

  • Refinancing Equipment Notes and “Refinancing Trust” shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Revolving Loan Maturity Date means March 31, 2003.

  • Current Maturities of Long Term Debt means, during a period beginning and ending on designated dates, the amount of Company’s long-term debt and capitalized leases which become due during that period.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Effective Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Designated Indebtedness means any Indebtedness that has been designated by the Borrower at the time of the incurrence thereof as “Designated Indebtedness” for purposes of this Agreement in accordance with the requirements of Section 6.01.

  • Additional Series Equipment Notes means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Securitization Indebtedness means (i) Indebtedness of the Company or any of its Restricted Subsidiaries incurred pursuant to on-balance sheet Securitizations treated as financings and (ii) any Indebtedness consisting of advances made to the Company or any of its Restricted Subsidiaries based upon securities issued by a Securitization Entity pursuant to a Securitization and acquired or retained by the Company or any of its Restricted Subsidiaries.

  • Refinancing Series means all Refinancing Term Loans or Refinancing Term Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans or Refinancing Term Commitments provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and amortization schedule.

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Collateral Fund Permitted Investments Either (i) obligations of, or obligations fully guaranteed as to principal and interest by, the United States, or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States, (ii) a money market fund rated in the highest rating category by a nationally recognized rating agency selected by the Company, (iii) cash, (iv) mortgage pass-through certificates issued or guaranteed by Government National Mortgage Association, FNMA or FHLMC, (v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date), the issuer of which may be an affiliate of the Company, having at the time of such investment a rating of at least A-1 by Standard and Poor's ("S&P") or at least F-1 by Fitch IBCA, Inc. ("Fitch") or (vi) demand and time deposits in, certificates of deposit of, any depository institution or trust company (which may be an affiliate of the Company) incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities, so long as at the time of such investment either (x) the long-term debt obligations of such depository institution or trust company have a rating of at least AA by Fitch or S&P, (y) the certificate of deposit or other unsecured short-term debt obligations of such depository institution or trust company have a rating of at least F-1 by Fitch or A-1 by S&P or (z) the depository institution or trust company is one that is acceptable to either Fitch or S&P and, for each of the preceding clauses (i), (iv), (v) and (vi), the maturity thereof shall be not later than the earlier to occur of (A) 30 days from the date of the related investment and (B) the next succeeding Distribution Date as defined in the related Pooling and Servicing Agreement.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.