Examples of Approved Indebtedness in a sentence
Paying Approved Indebtedness of the RSC under the provisions of the By-Laws of the RSC, without incurring or assuming personal liability for such indebtedness.
Disburse monies for Approved Indebtedness of RSC subject to the By-Laws and approved budget of RSC and maintain records of such disbursement.
All payments of Approved Indebtedness made by RSC shall include the signature of the Treasurer and/or one of the following: President, Commissioner, or Secretary.
The definition of “Net Equity” in Section 1.1 of the Original Loan Agreement is hereby deleted and replaced with the following: Net Equity: the excess of the book value of the assets of the DT Entities On A Consolidated Basis over the book value of the liabilities of the DT Entities On A Consolidated Basis (excluding the aggregate amount of Approved Indebtedness at such time), in each case determined in accordance with GAAP.
If the proposed issuance or incurrence meets the standard of subparagraph (2) of the definition of Other Authorized Indebtedness, the County shall, within thirty (30) days of receipt of the Agency’s request and required accompanying documents, execute and deliver to the Agency a certificate to the effect that the proposed issuance or incurrence meets the standard of and constitutes Other Approved Indebtedness for purposes of this Agreement.
RECOMENDATION Staff recommends adoption of URA Resolution 2012‐017, A Resolution of the Urban Renewal Agency of the City of Sherwood, Oregon Approving Refinancing of Previously Approved Indebtedness to Obtain Debt Service Savings.