Refunding Debt means Indebtedness for borrowed money incurred by the Borrower or any of its Subsidiaries after the date hereof; provided, however, the Loan and any Senior Indebtedness are not Refunding Debt.
Refunding Debt means Debt, the proceeds of which are used to refund outstanding Senior Debt.
Refunding Debt means any Debt of a Person that is deemed to be for the purpose of Refunding other Debt of such Person, as further defined in Section 5.08(b).
Examples of Refunding Debt in a sentence
If, on April 1 or October 1 of each year, any payment obligation of a Member District related to the 2020 Refunding Debt remains outstanding and uncollected after 45 days, then the other Member Districts shall be liable for such payment obligation as described in this subparagraph.
More Definitions of Refunding Debt
Refunding Debt means any Long-Term Debt issued for the purpose of refunding or refinancing outstanding Long-Term Debt.
Refunding Debt means any loan, bond, note, advance or indebtedness payable from Tax Revenues on a parity with the 2003 South San Fernando Project Bonds; provided that the proceeds thereof are used to refund all or a portion of the 2003 South San Fernando Project Bonds or any Parity Debt (and to pay costs of issuance of and fund a reserve fund for such Refunding Debt), and the debt service due on such Refunding Debt in any Fiscal Year in which the 2003 South San Fernando Project Bonds or such Parity Debt is Outstanding is not greater than the debt service due on the portion of the 2003 South San Fernando Project Bonds or any Parity Debt refunded with the proceeds of such Refunding Debt.
Refunding Debt means Long-Term Indebtedness issued or incurred to pay or to provide for the payment of other Long-Term Indebtedness.
Refunding Debt means Indebtedness which replaces, refunds or refinances any Senior Debt, provided that:
Refunding Debt. Indebtedness incurred by Nonaffiliated Partner to refinance the Refunded Debt on the ET Date as provided in Section 2.9 of the Participation Agreement.
Refunding Debt means any Debt of a Person that is deemed to be for the purpose of Refunding other Debt of such Person, as further defined in Section 5.08(b). “Register” has the meaning assigned to such term in Section 8.04. “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. “Relevant Governmental Body” means the Federal Reserve Board and/or the NYFRB, the CME Term SOFR Administrator, as applicable or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto. “Required Lenders” means, subject to Section 2.20, at any time, (a) prior to the date on which the Term Loans are funded, Lenders having Commitments representing more than 50% of the sum
Refunding Debt means both the Refunding Generation Debt and the Refunding Transmission Debt.