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).

• The cost of the Designated Debt Arbiter and the Designated Fox River Arbiter shall be borne equally by the Buyers, on the one hand, and AWA, on the other hand.

• The Designated Debt Arbiter and the Designated Fox River Arbiter shall be directed to make their final determinations not later than the date which is 30 days prior to the Scheduled Base Period Expiration Date.

• The determinations of the Designated Debt Arbiter and the Designated Fox River Arbiter shall be binding and enforceable on the Buyers and AWA.

• Buyers and AWA shall provide the Designated Debt Arbiter and the Designated Fox River Arbiter with such information and further assistance as each may require in order to make its required determinations, but subject in all cases to such limitations as may be deemed reasonably necessary by Buyers or AWA in order to satisfy requirements for confidentiality.

More Definitions of Designated Debt

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

Designated Debt means the Second Bond.

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 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 is amended in its entirety to read as follows:

Designated Debt means any Series of Secured Bonds with respect to which there shall be in effect a Qualified Swap.