Replacement Debt definition

Replacement Debt means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under Section 6.01(a) (and any subsequent refinancing of such Replacement Debt).

Replacement Debt means Permitted Refinancing Indebtedness where the net proceeds are applied substantially concurrently and in any event within one Business Day of the incurrence of the Permitted Refinancing Indebtedness (provided that the Company shall use its reasonable endeavours to procure that it is applied on the same day) in prepayment, purchase, defeasance or redemption of (a) the Senior Secured Notes or any Term Debt; or (b) any Permitted Refinancing Indebtedness.

Replacement Debt means, collectively, Secured Replacement Debt and Unsecured Replacement Debt incurred by the Borrower (including by way of Senior Bonds) pursuant to Section 2.6 (Replacement Debt) in order to partially or in whole (a) refinance by prepaying or redeeming then existing Senior Debt or (b) replace by cancelling then existing Senior Debt Commitments.

Examples of Replacement Debt in a sentence

• The Borrower shall use the proceeds of the Senior Loans solely for purposes permitted by Section 2.4(b) (Replacement Debt) of the Common Terms Agreement.

• Termination of Senior Secured IR Hedge Transactions in Connection with Mandatory Prepayments with Replacement Debt 28 4.20.

• Johnson explained the capital infrastructure plan, which includes $565,000 for City Hall improvements, $1.5 million for the 7-Mile Marina, $600,000 for the 7-Mile Park improvements, $560,000 for Ocean Front Park improvements, $3,187,773 for road and bridge improvements, $400,000 for new fire hydrants, $2.582 million for the Quay property as well as transfers to the General, Vehicle Replacement, Debt Service and Stormwater funds.

• SENIOR SECURED DEBT 3 2.1 Incurrence of Senior Secured Debt 3 2.2 Closing Date Senior Secured Debt 3 2.3 Working Capital Debt 4 2.4 Replacement Debt 5 2.5 Relevering Debt 6 2.6 Supplemental Debt 7 2.7 Accession Agreements 8 2.8 Transfers and Holding of Senior Secured Obligations 9 2.9 Payment in Full of Senior Secured Debt 9 3.

• Allocation of Prepayment of Replacement Debt and Supplemental Debt 87 8.15.

More Definitions of Replacement Debt

Replacement Debt means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under Section 6.01(b)(i)(C) (and any subsequent refinancing of such Replacement Debt).

Replacement Debt shall have the meaning given to such term in the Residual Certificate.

Replacement Debt means debt incurred to repay other existing debt provided that, except with respect to debt that refinances all existing debt scheduled to become due on or before 9 September 2014, the Replacement Debt shall only include debt (a) which does not provide for payment, on or before 9 September 2014, of current cash interest at a rate in excess of the existing debt refinanced or principal payments in excess of those required for existing debt refinanced and (b) which has no tighter covenant restrictions or events of default than the existing debt refinanced;”.

Replacement Debt means Senior Securities, the proceeds of which are used to refinance all or a portion of the outstanding Tax-Exempt Indenture Securities (whether by effecting a gross-up of, or by the issuance of Senior Securities to replace, affected Tax-Exempt Indenture Securities) upon the occurrence of a Determination of Taxability.

Replacement Debt means senior unsecured debt of the Parent that meets the following criteria: (i) such debt constitutes Refinancing Indebtedness, (ii) such debt does not require any payment or prepayment (including without limitation any sinking fund or similar payment) of principal prior to the Permitted Debt Maturity Date other than pursuant to mandatory prepayment requirements not materially more restrictive than those applicable to the Senior Notes, with such changes thereto as shall be reasonably acceptable to the Administrative Agent, and (iii) the affirmative covenants, negative covenants and events of default applicable thereto shall be substantially the same as those applicable to the New Notes, with such changes thereto as shall be reasonably acceptable to the Administrative Agent.

Replacement Debt has the meaning assigned to such term in Section 2.4(a).

Replacement Debt means that portion of any indebtedness Owner ---------------- incurs on commercially reasonable terms (i) to refinance part or all of the original principal amount of the Permanent Loan or part or all of the then outstanding balance of other Qualified Debt, plus (ii) to finance the reasonable costs of any refinancings in clause (i) above but not in excess of 2% of the principal amount of such refinancing.