Indebtedness Limit definition
Examples of Indebtedness Limit in a sentence
While the Agency shall comply with the Bonded Indebtedness Limit in the issuance of Tax Allocation Debt, the Bonded Indebtedness Limit does not limit the amount of the “indebtedness” of the Agency under this Financing Plan.
Although Authority shall comply with the Bonded Indebtedness Limit in the issuance of Tax Allocation Debt, the Bonded Indebtedness Limit does not limit the amount of the “indebtedness” of Authority under this Financing Plan.
Roney of $5,000,000 made b▇ ▇▇▇ ▇▇▇▇▇▇▇ contemporaneously herewith shall not be prohibited by this Agreement and said $5,000,000 amount shall not count against the Indebtedness Limit of $20,000,000 for Nedra D.
If it is determined after the Closing that the Capitalized Lease Indebtedness at the Effective Time is more than $75,000 less than the Capitalized Lease Indebtedness Limit, then Buyer shall pay to Seller the amount by which the Capitalized Lease Indebtedness at the Effective Time is less than the Capitalized Lease Indebtedness Limit.
Anything in this Indenture to the contrary notwithstanding, the 2010 Bonds and the obligation of the Agency therefor shall be in all respects interpreted so as to comply with the Agency’s Bonded Indebtedness Limit for each Component Area, as it may be applicable to the Bonds from time to time.
If it is determined after the Closing that the Capitalized Lease Indebtedness at the Effective Time is more than $75,000 greater than the Capitalized Lease Indebtedness Limit, then Seller shall pay to Buyer the amount of by which the Capitalized Lease Indebtedness at the Effective Time is greater than the Capitalized Lease Indebtedness Limit such excess, and Buyer shall assume such excess Capitalized Lease Indebtedness.