Current Refunding definition

Current Refunding means any refinancing or refunding of indebtedness that occurs not more than ninety (90) days following the Stated Maturity of such indebtedness.
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Current Refunding means a Refunding transaction in which the proceeds of the refunding debt are applied within 90 days of each transaction to redeem the debt to be refunded. This situation differs from an Advance Refunding, where proceeds of the refunding bonds are placed in escrow pending the call or maturity of the debt to be refunded.
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Current Refunding means a bond refinancing in which the refunding bonds are issued not more than 90 days before the refunding bonds are first eligible to be redeemed.
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Examples of Current Refunding in a sentence

  • Current refunding transactions should be considered when the net present value savings as a percentage of the par amount of refunded bonds is at least 3%.

  • Current refunding opportunities may be considered by the chief financial officer if the refunding generates positive present value savings, and the chief financial officer must establish a minimum present value savings threshold for any refinancing.(c) Term of refunding issues.

  • Current refunding transactions issued for savings should be considered when the net present value savings as a percentage of the par amount of refunded bonds is at least 2%.

  • If, within six months before or after a person as- sumes (including taking subject to) ob- ligations of an unrelated party in con- nection with an asset acquisition (other than a transaction to which sec- tion 381(a) applies if the person assum- ing the obligation is the acquiring cor- poration within the meaning of section 381(a)), the assumed issue is refinanced, the refinancing issue is not treated as a refunding issue.(3) Current refunding issue.

  • Current refunding opportunities may be considered by the finance manager and city manager if the refunding generates positive present value savings, and the finance manager and city manager must establish a minimum present value savings threshold for any refinancing.

  • Current refunding transactions are those undertaken at or after the call date on outstanding debt, and provide for immediate redemption and replacement of refunded debt.

  • Current refunding bonds may be issued to refinance existing debt obligations no earlier than sixty days prior to the obligation’s earliest pre-payment date (call date).

  • Current refunding opportunities may be considered by the County using any savings threshold if the refunding generates positive net present value savings.

  • Current refunding bonds shall not be utilized unless present value savings of 3% of refunded principal is achieved or in concert with other bond issues to save costs of issuance.

  • Current refunding is the practice of issuing bonds to replace existing bonds.


More Definitions of Current Refunding

Current Refunding means any refinancing or refunding of indebtedness that occurs not more than ninety (90) days following the Stated Maturity of such indebtedness. “Designation Notice” shall have the meaning as defined in Section 4.1(c). “Environmental Allowances and Credits” shall mean attributes of an environmental or similar nature that are created or otherwise arise from the generation, purchase or sale of electricity or that result from the avoidance or reduction of the emission of any gas, chemical or other substance (including any and all environmental air quality credits, green credits, white credits, renewable energy credits or certificates, carbon credits, emissions reduction credits, energy efficiency or energy use reduction credits, certificates, tags, offsets, tax credits, emission allowances, or similar products or rights as well as reporting rights, however entitled, currently existing or later arising under local, state, regional, federal, or international legislation or regulation or voluntary program). “Equity” shall mean the Borrower’s total margins and equities computed in accordance with Accounting Requirements. “Events of Default” shall have the meaning as defined in Article VII. “FERC” shall mean the Federal Energy Regulatory Commission, or any agency or other governmental body succeeding to the functions thereof. “FFB” shall mean the Federal Financing Bank, an instrumentality and wholly-owned corporation of the Government, and any successor to the powers and rights thereof with respect to the Notes. “Financial and Operating Report Electric – Power Supply” shall mean the version of Financial and Operating Report Electric – Power Supply (including subdivisions thereof) submitted by the Borrower and dated as of December 31, 2023 or corresponding information in
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Related to Current Refunding

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Concurrent User means a person that has accessed the Software at any given point in time, either directly or through an application.

  • Non-Financed Capital Expenditures means, with respect to any Person for any applicable period, the Capital Expenditures of such Person made in cash during such period, excluding any Capital Expenditures paid from proceeds of Indebtedness (other than proceeds of Indebtedness arising from borrowings under the Revolving Credit Loans, the Swingline Loan, or the Floor Plan Loans).

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Concurrent Users means the number of users registered in the Software who are able to use the Software functionalities at the same time.

  • Concurrent review means utilization review conducted during

  • Permitted Convertible Indebtedness Call Transaction means any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if the refunding obligation meets both of the following:

  • Permitted Refinancing Indebtedness means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.