Balloon Maturities definition
Balloon Maturities means, with respect to any Series of Bonds 50% or more of the principal of which matures on the same date or within a Fiscal Year, that portion of such Series which matures on such date or within such Fiscal Year. For purposes of this definition, the principal amount matur ing on any date shall be reduced by the amount of such Bonds scheduled to be amortized by prepayment or redemption prior to their stated maturity date. Commercial paper, bond anticipation notes or other Short- Term/Demand Obligations shall not be Balloon Maturities.
Balloon Maturities means (i) any loan or credit facility, other than the Loan, on which Borrower is obligated to pay as a borrower; and (ii) the maturity date of such loan or credit facility occurs prior to the Maturity Date of the Loan and requires Borrower to pay an amount that is greater than the previous recurring payments due thereunder.”
Balloon Maturities means, with respect to any Series of Junior Indebtedness Obligations, except the First Series of Junior Indebtedness Obligations, 50% or more of the principal of which matures on the same date or within a 12-month period which is no more than 10 years from its date of issuance, that portion (and only that portion) of such Series that matures on such date or within such 12-month period. For purposes of determining whether all or any portion of any Series of Junior Indebtedness Obligations constitutes Balloon Maturities, the principal amount maturing on any date shall be reduced by the amount of such Junior Indebtedness Obligations scheduled to be amortized by prepayment or redemption prior to their stated maturity date. Junior Indebtedness Obligations Anticipation Notes shall not be Balloon Maturities.
More Definitions of Balloon Maturities
Balloon Maturities is added to Section 3 of the Loan Agreement: