Interim Indebtedness definition

Interim Indebtedness means Utility Indebtedness having a term not less than one year, and not in excess of five years, incurred or assumed in anticipation of being refinanced or refunded with Long- Term Indebtedness.

Interim Indebtedness means all Obligated Group School Indebtedness having an original maturity less than or equal to five years and not renewable at the option of Lessee for a term greater than five years from the date of original incurrence or issuance.

Interim Indebtedness means Bonds having a term not less than thirteen months, and not in excess of five years, incurred or assumed in anticipation of being refinanced or refunded with Long-Term Indebtedness.

Examples of Interim Indebtedness in a sentence

• Interim Indebtedness may be deemed to be Indebtedness which, at the date of its original incurrence, would meet the conditions specified in the statement of the Consultant as required in this Section 2.07; provided that the Consultant shall for each annual period that the Debt Service Requirement is computed, provide a supplemental statement that at such period, the certifications contained in the statement are reasonable.

• Lessee may incur Short-Term Indebtedness (as defined below) for working capital purposes as in its judgment is deemed expedient, provided that in no event will Lessee incur Short-Term Indebtedness, together with outstanding Nonrecourse Indebtedness and Interim Indebtedness (as defined below) in excess of the greater of: (1) 35% of Operating Expenses in any Fiscal Year, or (2) Maximum Deferred Apportionment.

• Lessee may incur Interim Indebtedness (as defined below) as in its judgment is deemed expedient, provided that in no event will Lessee incur Interim Indebtedness, together with outstanding Nonrecourse Indebtedness and Short-Term Indebtedness, on a combined basis, is in excess of the greater of: (1) 35% of Operating Expenses in any Fiscal Year, or (2) Maximum Deferred Apportionment.

• Interest payable at maturity or early redemption on Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness may either be amortized over the anticipated maturity or such longer period as is permitted under Section 2.07 or Section 2.07(c)(A)(iv) or may be treated as principal payable on the principal maturity date of such Balloon Indebtedness, Put Indebtedness, Short-Term Indebtedness or Interim Indebtedness.

• In order to provide moneys to refund the Prior Bonds and the Interim Indebtedness and to pay or reimburse the prior payment of the Project Costs, the Issuer will proceed as promptly as practicable with the issuance and sale of the Series 1996B Bonds in the aggregate principal amount of $990,000 and the Series 1996A Bonds in the aggregate principal amount of $4,000,000, respectively, bearing interest, maturing and having the other terms and provisions set forth in the Indenture.

More Definitions of Interim Indebtedness

Interim Indebtedness means indebtedness, except general obligation indebtedness, with a maximum maturity of not more than five years, incurred or assumed in anticipation of being refinanced or refunded by Additional Bonds.

Interim Indebtedness means Indebtedness having a term not in excess of five years and incurred in anticipation of permanent financing of facilities.

Interim Indebtedness means the indebtedness in the principal amount of $220,000 incurred, in anticipation of the issuance of the Series 1996B Bonds, to pay a like principal amount of the Prior Bonds which matured on September 1, 1996.

Interim Indebtedness means Additional Bonds that are bonds or bond anticipation notes with a final maturity of not more than five years and issued pursuant to this CFC Master Trust Agreement in anticipation of being funded or refunded by Additional Bonds.

Interim Indebtedness means Additional Indebtedness having a term not less than one year and not more than five years, incurred or assumed with the intent that it will be refinanced or refunded with Long-Term Indebtedness.

Interim Indebtedness means Indebtedness with respect to which the Obligated Group Agent certifies, at the time of the incurrence thereof, that the Obligated Group Agent expects to pay the principal amount of such Indebtedness from a source other than the revenues of the Obligated Group, including but not limited to the proceeds of other Indebtedness.

Interim Indebtedness means a portion of the interim financing note heretofore issued by the Authority on December 7, 2009, to the Bank to refund the Authority’s Water Revenue Bond, Series of 1982, dated as of March 10, 1982, originally issued in the maximum principal amount of $1,311,400 to the United States of America, acting through the Farmers Home Administration, under and secured by a Loan Resolution, duly adopted by the Authority on ,1982, thereafter transferred to and currently held as Loan No. 010516601, by Capmark Finance, Inc., as Master Servicer on behalf of the Community Program Loan Trust 1987A, which interim financing note is to be refunded and redeemed pursuant to the Refunding Project;