City Debt definition

City Debt means any debt issued by City to finance the City Parking Facility Funding.
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City Debt means the City's outstanding System-related debt, namely, the portion of the General Obligation Refunding Bond, Series 2016B, dated May 27, 2016, allocable to the System, the portion of the General Obligation Bonds, Series 2018B, dated December 7, 2018, allocable to the System, the portion of the General Obligation Refunding Bonds, Series 2019, dated March 26, 2019, allocable to the System, and the portion of the General Obligation Bonds, Series 2020, dated November 10, 2020, allocable to the System.
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City Debt means the City's outstanding System-related debt other than the SRF Loan Agreements, namely, the portions of the following series of bonds allocable to the System: General Obligation Refunding Bond, Series 2016B, dated May 27, 2016, General Obligation Bonds, Series 2018B, dated December 7, 2018, General Obligation Refunding Bonds, Series 2019, dated March 26, 2019, General Obligation Bonds, Series 2020, dated November 10, 2020, and General Obligation Bonds, Series 2022, dated May 5, 2022.
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Examples of City Debt in a sentence

  • Subject to the satisfaction of all terms and conditions of this Agreement, the City agrees to incur City Debt and allocate net proceeds of the City Debt in an amount not to exceed $32,195,000 to finance the Public Improvements in support of the Development, which City Debt may at the option of the City be issued in one more series of obligations as may be necessary to support the timing and scope of the Private Improvements.

  • WCPA, as issuer of the City Debt, shall be an express third-party beneficiary of each Minimum Service Payment Obligation and shall have the same rights as the City shall have to enforce payment.

  • Subject to the review and approval of WCPA as issuer of the City Debt, and subject to any federal income tax rules related to the qualification of the City Debt as tax-exempt debt, the City Debt may include up to three (3) years of capitalized interest on the City Debt and the related costs of issuance of the City Debt.

  • The City will act in good faith to cause the issuance of the City Debt in a reasonably timely manner following the satisfaction of the Contingencies considering, among other things, market factors and any progress made by the Developer with respect to the Committed Private Improvements.

  • Once all of the conditions set forth in this Agreement for issuance of the have been satisfied and the Developer has committed to a total taxable Improvement value for all the Committed Private Improvements equal to or greater than $71,000,000, the City shall initiate the steps necessary for the issuance of City Debt in one more series in the total amount of not to exceed $32,195,000.

  • Notwithstanding anything to the contrary herein, Developer acknowledges and agrees that the City may (directly or as a conduit obligor) refund certain outstanding debt obligations in connection with the issuance of the City Debt or otherwise, including but not limited to the City’s $4,235,000.14 Road Improvement Bonds (Austin Road Interchange Project), dated July 30, 2010.

  • The City Debt Manager or designee will be the City project manager for day-to-day tasks related to this Agreement.

  • The City may secure such refunding with any lawful source of funds or collateral; provided, however, that in no event shall the City secure such refunding in a manner that reduces the amount available for City Debt under Section 5.1 of this Agreement.

  • The City in its sole discretion may determine to authorize or to cooperate in the issuance of additional debt secured by, among other things, the Statutory Service Payments and Property Tax Rollback Payments from the Development, which may in the City’s sole discretion be secured on a parity basis with the City Debt.

  • Except for any assignment made by the City in connection with the issuance of the City Debt, this Agreement may not be assigned without the prior written consent of all non-assigning Parties.


More Definitions of City Debt

City Debt means Debt in the original principal amount of $7,000,000 outstanding under the Loan Agreement (Section 108) dated April 12, 1994, as amended, between Seller and the City and County of Denver (the "City").
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City Debt has the meaning set forth in Recital H.
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Related to City Debt

  • Priority Debt means, at any time, without duplication, the sum of (i) Indebtedness or other liabilities or obligations of the Company or any Subsidiaries secured by Liens (other than Liens permitted under clauses (a) through (h) of Section 10.2 and any Equal and Ratable Liens), plus (ii) Indebtedness of Subsidiaries of the Company other than Indebtedness permitted under clauses (a) through (h) of Section 10.1.

  • Parity Debt means Recovery Obligations and Bonds or Notes payable from the Recovery and Parity Debt Account on a parity with the Recovery Bonds or Recovery Notes, respectively.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Total Debt means, at any time, the total Indebtedness of the Borrower and the Subsidiaries at such time (excluding Indebtedness of the type described in clause (i) of the definition of such term, except to the extent of any unreimbursed drawings thereunder).

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Funded Debt means all Indebtedness of the Parent Borrower and its Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Purchase Money Debt means Debt:

  • Securitization Indebtedness means any Indebtedness under any Securitization Transaction that does not permit or provide recourse for principal or interest (other than Standard Securitization Undertakings) to the Borrower or any Restricted Subsidiary of the Borrower (other than a Securitization Entity) or any property or asset of the Borrower or any Restricted Subsidiary of the Borrower (other than the property or assets of a Securitization Entity or any Equity Interests or securities issued by a Securitization Entity).

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Permitted Acquisition Indebtedness means Indebtedness or Disqualified Stock of the Company or any of its Restricted Subsidiaries to the extent such Indebtedness or Disqualified Stock was Indebtedness or Disqualified Stock of any other Person existing at the time (a) such Person became a Restricted Subsidiary of the Company or (b) such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, provided that on the date such Person became a Restricted Subsidiary or the date such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, as applicable, either

  • Bad Debt means amounts lawfully billed to a Subscriber and owed by the Subscriber for Cable Service and accrued as revenues on the books of Grantee, but not collected after reasonable efforts have been made by Grantee to collect the charges.