Designated Debt definition

Designated Debt means “Debt” as defined in the Note Purchase Agreements.

Designated Debt means indebtedness of the Corporation which both (i) precludes the payment of all or a portion of the Class 1 Redemption Amount when due and (ii) with respect to which the Class 1 Majority Holders have agreed in writing constitutes “Designated Debt” for the purposes of these Articles.

Designated Debt means, as at any date, all obligations of the Borrower and its consolidated Subsidiaries which are (or, as of such date, should be) accounted for as indebtedness on a consolidated balance sheet of the Borrower in conformity with GAAP consistently applied whether such obligations are classified as long-term or short-term under GAAP consistently applied.

Examples of Designated Debt in a sentence

• Immediately upon the occurrence of any Debt Issuance Prepayment Event, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of the related Designated Debt Issuance (such prepayment to be applied as set forth in clause (vi) below).

• Immediately upon the occurrence of any Debt Issuance Prepayment Event, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of the related Designated Debt Issuance (such prepayment to be applied as set forth in clause (v) below).

• The Company and the Trust hereby acknowledge that the indenture trustee for the Class 6 Notes, the indenture trustee for the Class 6 Interest Debentures, any holder of any Class 6 Notes, Class 6 Interest Debenture or any Designated Debt shall have standing and power to enforce this Section 6.13.

• Please provide an explanation in the footnote section why any remaining eligible debts are not referred to Treasury or a Designated Debt Collection Center for cross-servicing.

• The number and dollar amount of delinquent debts that are exceptions from mandatory referral to Treasury or a Designated Debt Collection Center for cross-servicing for reasons other than those listed in lines 2J through 2P of this section.

More Definitions of Designated Debt

Designated Debt means the Second Bond.

Designated Debt means Indebtedness of the Borrower that matures during any of the calendar years 2005, 2006, 2007 and 2008.

Designated Debt means any Indebtedness with respect to which there shall be in effect a Swap.

Designated Debt means, as at any date, all obligations of the Corporation and its consolidated Subsidiaries which are (or as of such date, should be) accounted for as indebtedness on a consolidated balance sheet of the Corporation in conformity with GAAP consistently applied whether such obligations are classified as long-term or short-term under GAAP consistently applied.

Designated Debt is amended in its entirety to read as follows:

Designated Debt means any debt for borrowed money in the form of bonds, notes, debentures or other debt securities issued by way of a public offering or private placement, but excluding loans made by banks and other financial institutions, customers and strategic partners.

Designated Debt means “Debt” as defined in the Note Purchase Agreement. Dollar and the sign “$” mean lawful money of the United States of America.