Institutional Debt definition

Institutional Debt means unsecured Debt for borrowed money which may be raised by the Borrower or any of its Subsidiaries in the private placement or public debt markets pursuant to terms satisfactory to the Required Banks, but which shall exclude Subordinated Debt.

Institutional Debt means: (1) the amount outstanding on any credit, including unpaid charges, extended by or on behalf of an institution of higher education or a proprietary institution licensed to offer academic degrees that a student is obligated to repay, whether the amount has been reduced to a judgment or the institution classifies it as a loan; or (2) a non-Federal loan or debt agreement that is issued expressly for postsecondary education expenses and that is guaranteed by an institution of higher education or a proprietary institution, or a private educational lender that is affiliated with an institution of higher education

Institutional Debt means Indebtedness for borrowed money which may be raised by the Borrower in the private placement or public debt markets.

Examples of Institutional Debt in a sentence

• Without the prior written consent of the holder of the Institutional Debt, the Holder agrees not to accept payment of principal, interest or any other amount due under this Debenture until the Institutional Debt has been paid in full.

• Payment of principal, interest and all other amounts due under this Debenture is subordinated to up to Two Million Dollars ($2,000,000) in principal amount of all Institutional Debt.

• In addition, PSNH said that it will consider the need to maintain its credit ratings and ratemaking capitalization in assessing further indebtedness.PSNH testified that it will consider the market conditions at the time of issuance when deciding whether to issue Institutional Debt or Retail Debt.

• To collect the necessary information for monitoring of the progress with individual measures it may be appropriate to require that the Member States report on these in the framework of the simplified reports (Option B2).

• PSNH said that current market conditions revealed Institutional Debt to be less expensive than Retail Debt, but there is no guarantee that either debt market will remain accessible, or that the price differential will remain the same.As with its prior 2009 financing request (Docket No. DE 09-033), PSNH requested authority to enter into an interest rate transaction to manage the interest rate risk associated with the proposed long-term debt.

More Definitions of Institutional Debt

Institutional Debt means any money, obligation, claim, or sum, due or owing, or alleged to be due or owing, whether or not reduced to court judgment, from a student, that was incurred in their capacity as a student, to an institution of higher education. This does not include tuition, fees, room and board, or other cost of attendance for an academic term in which the student is actively enrolled or seeking enrollment; and,

Institutional Debt means the indebtedness of the Company for borrowed money due to PWRES and its successors and assigns.

Institutional Debt means unsecured Indebtedness for borrowed money which may be raised by the Borrower after the Agreement Date in the private placement or public debt markets pursuant to terms satisfactory to the Determining Lenders (which shall include the Merger Facility), and which shall include Subordinated Debt.

Institutional Debt means Debt of Borrower in favor of a "qualified institutional buyer" (as defined in 17 C.F.R. Section 230.144A).

Institutional Debt means obligation or alleged obligation of a student to pay money to an institution of postsecondary education for course credit or other educational services, regardless of whether such obligation has been reduced to judgment.

Institutional Debt means the principal of and interest on Debt outstanding for money borrowed by the Maker and/or PARENT, from any bank, insurance

Institutional Debt means any money, obligation, claim, or sum, due or owing, or alleged to be due or owing, whether or not reduced to court judgment, from a student, and that was incurred in their capacity as a student, to an institution of higher education. “Institutional debt” does not include any tuition, fees, room and board, or other costs of attendance for an academic term in which the student is actively enrolled or for an academic term in which the student seeks to enroll; however, at the end of that academic term, any outstanding amounts would become institutional debt.