District Debt definition

District Debt means bonds or other debt issued by the CDD, which are secured by the levy of Special Assessments of the CDD.

District Debt or “Debt” means any of the 2018 Bonds or other debt issued by the District, which are secured by the levy of Special Assessments of the District. As used herein, Debt may refer to the principal (present value) of the Special Assessments levied on property within the District, which corresponds to a like amount of Bond indebtedness.

District Debt means the principal outstanding from time to time of the tax-supported debt of the district outstanding on the exclusion date, including debt used to refund district debt outstanding on the exclusion date.

Examples of District Debt in a sentence

• District Debt, the District shall, and otherwise the District may, establish and maintain in connection with the System, the Funds specified in this Article and such other Funds as the District may deem appropriate.

• Such District Charges, in the aggregate, shall have the purpose of funding, and shall be set at levels sufficient to fund, (i) reserves authorized or required by this Agreement or required by any bond or other instrument relating to District Debt, and (ii) the payment when due of all of the Finance Costs, Capital Costs and other System costs of the District not otherwise funded.

• The total of the amounts held in the Rate Stabilization Account pursuant to this Section 10.2 shall not exceed, during any fiscal year, 500% of the Average Aggregate Debt Service, calculated as of the first day of such fiscal year (or, if the interest on any District Debt cannot be determined as of such date, 500% of the Average Aggregate Debt Service estimated by the District on a reasonable basis as of such date).

• The District may assign any of its rights and obligations under this Agreement in connection with District Debt.

• The Municipal Customers shall execute all agreements, consents, certificates, and other documents, including any instruments reasonably requested in order that any District Debt be issued in compliance with the applicable rules and regulations of the Internal Revenue Service and the Securities Exchange Commission, and shall provide whatever additional information is reasonably requested by the District in connection with complying with those rules and regulations.

• Consistent with the foregoing, moneys in the Rate Stabilization Fund may be used by the District (i) for the payment of Finance Costs on District Debt to the extent that District Charges and any Other District Revenues allocated for the purposes specified in Section 8.2.3 are insufficient for such purpose, (ii) for such other purposes related to District Debt as the District determines appropriate, and (iii) the acquisition, construction or replacement of Capital Facilities provided for in the CFP.

• The District shall use, and continue to use, every reasonable effort to (i) acquire, construct, and operate all Capital Facilities provided for in, and in accordance with, the CFP then in effect, (ii) issue District Debt in amounts and at frequencies necessary to fund the acquisition and construction of Capital Facilities in accordance with the CFP then in effect to the extent such construction or acquisition is not funded from other sources.

More Definitions of District Debt

District Debt means any bonds or other obligations heretofore or hereafter issued from time to time by, on behalf of, or at the request of the District to finance or refinance Capital Facilities as part of the CFP and for which the District is financially responsible, directly or indirectly.

District Debt means the principal outstanding

District Debt means financing, as defined by 24 V.S.A. 1891(7) and this rule, which will be serviced or paid using District incremental revenue.