Short-Term Indebtedness means Utility Indebtedness having an original maturity less than or equal to one year from the date of original incurrence thereof, and not renewable or extendible at the option of the obligor thereon for a term greater than one year beyond the date of original issuance.
Short-Term Indebtedness means all indebtedness that by its terms matures within one year from and that is not renewable at the option of the obligor to a date later than one year after, the date such indebtedness was incurred. Any indebtedness which is extended or renewed (other than pursuant to the option of the obligor) shall be deemed to have been incurred at the date of such extension or renewal.
Short-Term Indebtedness shall have the meaning as defined in Section 6.19.
Examples of Short-Term Indebtedness in a sentence
Indebtedness The Borrower shall not, without first complying with the requirements of Section 9.1 hereof, on any date permit Short-Term Indebtedness to exceed thirty percent (30%) of the Borrower’s Total Utility Plant.
More Definitions of Short-Term Indebtedness
Short-Term Indebtedness means Indebtedness with a term of no more than ten Business Days.
Short-Term Indebtedness means all Indebtedness, other than Long-Term Indebtedness, which meets one or more of the following criteria:
Short-Term Indebtedness means any Indebtedness of any Person (other than under any line of credit or other credit facility) that matures within one year from the date of its creation and is not renewable or extendible at the option of such Person (other than pursuant to an extension option contained in extendible commercial notes or other notes issued in lieu of commercial paper).
Short-Term Indebtedness means all obligations for borrowed money, other than the current portion of Long-Term Indebtedness, incurred or assumed by the District for any of the following:
Short-Term Indebtedness means any Indebtedness maturing not more than 365 days after it is incurred or which is payable on demand, except for any such Indebtedness which is renewable or extendable at the sole option of the debtor to a date more than 365 days after it is incurred, or any such Indebtedness, which, although payable within 365 days, constitutes payments required to be made on account of Indebtedness expressed to mature more than 365 days after it was incurred.
Short-Term Indebtedness means bonds, notes, loan agreements or other debt obligations, including Variable Rate Indebtedness, maturing five years or less from their date of issuance, issued by the District as Parity Bonds in accordance with the restrictive provisions of the Resolution.
Short-Term Indebtedness means Indebtedness with a term of less than one year.