Definition of Refunding Test Period

Refunding Test Period means, with respect to the issuance of additional Parity Obligations pursuant to the Agreement for refunding purposes, each Fiscal Year from and including the Fiscal Year in which such additional Parity Obligations are to be issued to and including the latest Fiscal Year in which Debt Service is payable on the Parity Obligations Outstanding immediately prior to the issuance of such additional Parity Obligations.
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