Refunding Obligations definition

Refunding Obligations means any notes or bonds issued under the provisions of this Article. (1935, c. 445, s. 2; 1985 (Reg. Sess., 1986), c. 823, s. 1.)

Refunding Obligations means a series of bonds or other evidence of indebtedness including but not limited to, notes, commercial paper, capital leases or any other obligations of the County issued or incurred to refund all or any portion of the Permanent Original Obligations or any indebtedness issued to refinance the Permanent Original Obligations; provided, however, Refunding Obligations shall not include Pass-Through Obligations.

Refunding Obligations means, collectively, Refunding Bonds and Refunding Notes issued pursuant to this Resolution.

Examples of Refunding Obligations in a sentence

• The recitals herein and in the proceedings authorizing the Refunding Obligations shall be taken as the statements of the Issuer and shall not be considered as made by, or imposing any obligation or liability upon, the Escrow Agent.

• The Issuer hereby covenants and agrees that it shall never request the Escrow Agent to exercise any power hereunder or permit any part of the money in the Escrow Fund or proceeds from the sale of Escrowed Securities to be used directly or indirectly to acquire any securities or obligations if the exercise of such power or the acquisition of such securities or obligations would cause any Refunding Obligations or Defeased Obligations to be an "arbitrage bond" within the meaning of the Code.

• If any of the Bonds are refunded by other tax-exempt bonds (the “Refunding Obligations”), the Agency covenants to maintain, until six years after the later of the date the last outstanding Bonds have been retired or the date six years after the last Refunding Obligations have been retired.

• The Issuer hereby covenants and agrees that it shall never request the Escrow Agent to exercise any power hereunder or permit any part of the money in the Escrow Fund or proceeds from the sale of Escrowed Securities to be used directly or indirectly to acquire any securities or obligations if the exercise of such power or the acquisition of such securities or obligations would cause any Refunding Obligations or Refunded Obligations to be an "arbitrage bond" within the meaning of the Code.

• The Escrow Agent is not a party to the proceedings authorizing the Refunding Obligations or the Refunded Obligations and is not responsible for nor is bound by any of the provisions thereof (except as a place of payment and paying agent and/or a Paying Agent/Registrar therefor).

More Definitions of Refunding Obligations

Refunding Obligations means the revenue bonds intended to be hereafter issued by the Issuer on a non-Taxable basis in order to refund the Series 1996A Bonds.

Refunding Obligations means any notes or bonds issued under the provisions of this Article.

Refunding Obligations means Trust Agreement Obligations the proceeds of which are used to refinance (a) Bond Anticipation Obligations or (b) any other then outstanding Trust Agreement Obligations; provided that, in the case of clauses (a) and (b), (i) the net proceeds of such refunding Trust Agreement Obligations (after deducting (A) any deposits required to satisfy the Revenue Stabilization Subfund Requirement, (B) costs of issuance not to exceed two percent (2%) of the principal amount of such refunding Trust Agreement Obligations and (C) any call premiums and amounts to finance interest on the refinanced obligations prior to the redemption date) shall not exceed the principal amount of the Trust Agreement Obligations outstanding and being refinanced by such refunding Trust Agreement Obligations and, in the case of clause (b), (ii) Debt Service, after the incurrence of such refunding Trust Agreement Obligations, for the current and each future County Fiscal Year through the repayment in full of the TIFIA Loan, is forecast to be less than the Debt Service forecast for each such year in the Base Case Projections.

Refunding Obligations mean one or more series of bonds or other evidences of indebtedness issued by the City for the purpose of (i) refunding Outstanding Obligations or Credit Agreement Obligations, (ii) providing for the payment of Termination Payments or (iii) providing for the payment of Additional Rent Reimbursement Obligations pursuant to Section 2.9(c).

Refunding Obligations means any series of bonds or notes issued by the County pursuant to the Act, the proceeds of which are used, in whole or in part, to provide for the payment, at or prior to maturity, together with other moneys available therefor, of all or any portion of the Outstanding 2005 Series A Bonds.

Refunding Obligations means (a) any bonds, notes or other obligations, including but not limited to certificates of participation and lease revenue bonds, issued by the District or the Authority for the purpose of refunding the Notes on or before the maturity thereof, and (b) any bonds, notes or other obligations, including but not limited to certificates of participation and lease revenue bonds, issued by the District or the Authority to refund any prior issue of Refunding Obligations.

Refunding Obligations means bonds, notes or other obligations of the Authority that are issued to refund any Bonds and that are payable from the Revenues on a parity with the Bonds.