Examples of IRB Indebtedness in a sentence

The Indentures of Trust, Financing Agreements, Loan Agreements, Bonds, Notes and other documents relating to the IRB Indebtedness.
Prior to the Closing Date, Weyerhaeuser shall redeem all Excluded IRB Indebtedness so that (i) all Weyerhaeuser’s obligations in respect of such indebtedness shall have been satisfied in full, and (ii) all Liens on Newco Assets securing such Excluded IRB Indebtedness shall have been irrevocably released and terminated.
The Letters of Credit issued with respect to the IRB Indebtedness for the benefit of the respective trustees named in the IRB Documents and the Letter of Credit expiring on or before April 15, 1998 for the benefit of Credit Suisse First Boston, which is the issuer of certain prior letters of credit relating to certain of the IRB Indebtedness.
The Borrower shall maintain in effect the Interest Rate Contracts in form and substance reasonably satisfactory to the Lead Lenders with respect to that portion of the Variable Rate Indebtedness which exceeds, excluding the IRB Indebtedness, the principal amount of $125,000,000.
The Borrower assumes all risks of the acts or omissions of any trustee, paying agent, tender agent or remarketing agent under the IRB Indebtedness and the Agent shall not be responsible for any use which may be made of the IRB Letters of Credit.

More Definitions of IRB Indebtedness

IRB Indebtedness. Indebtedness of the Borrower incurred on December 1, 1984, in the original principal amount of $5,000,000 under certain industrial revenue bonds issued by the Borrower pursuant to a loan agreement between the Borrower (formerly Mechtron International Corporation) and the Orange County Industrial Development Authority ("Authority") dated as of December 1, 1984, secured pursuant to a Mortgage Deed and Security Agreement made by the Borrower in favor of the Authority dated December 1, 1984, by a first priority lien on the real property and personal property identified on Exhibits A and B to said loan agreement and guaranteed by Subsidiaries of the Borrower pursuant to a Guarantee Agreement dated December 1, 1984 (such agreements being referred to herein as the "IRB Documents").

IRB Indebtedness. Indebtedness of the Borrower incurred on December 1, 1984 in the original principal amount of $5,000,000 ($2,924,341 at November 30, 1996) under certain industrial revenue bonds issued by the Borrower pursuant to a Loan Agreement between the Borrower (formerly Mechtron International Corporation) and the Orange County Industrial Development Authority ("Authority") dated as of December 1, 1984, secured pursuant to a Mortgage Deed and Security Agreement made by the Borrower in favor of the Authority dated December 1, 1984 by a first priority lien on the real property and personal property identified on Exhibits A and B to said Loan Agreement and guaranteed by Subsidiaries of the Borrower pursuant to a Guarantee Agreement dated December 1, 1984 (such agreements being referred to herein as the "IRB Documents").

IRB Indebtedness means Indebtedness of Borrower issued and outstanding under the Loan Agreement dated as of December 1, 1994, among the Industrial Development Authority of the City of Torrance, U.S. Trust Company of California, N.A., as Trustee, and Borrower, as in effect on the Closing Date.

IRB Indebtedness means Indebtedness of the Company or a Subsidiary in respect of obligations issued by a State, territory or possession of the United States, or any political subdivision of any of the foregoing, or the District of Columbia, commonly referred to as industrial revenue bonds or pollution control bonds, and which is incurred to finance the acquisition or construction of property or equipment for facilities used by the Company or any of its Subsidiaries, and on which the interest is excluded from taxable income of the holder of such obligations from Federal or State income taxes.

IRB Indebtedness means all Indebtedness outstanding with respect to (i) those certain Industrial Revenue Bonds Series 1995 (Perma-Pipe) issued by the Industrial Board of Xxxxxx County, Tennessee in the initial amount of Three Million One Hundred Fifty Thousand Dollars ($3,150,000) (ii) that certain Trust Indenture dated September 1, 1995 by and between The Industrial Board of Xxxxxx County, Tennessee and Perma-Pipe and (iii) all indentures, mortgages, security agreements, notes, loan agreements, schedules, exhibits, amendments, modifications and other documents related thereto (collectively, the “Tennessee IRB Indebtedness”). Lebanon Refinancing – any Money Borrowed incurred by Borrowers secured by a Lien on Perma-Pipe’s real property located at 0000 Xxxxxxx Xxxxx, Lebanon, Tennessee; provided that the terms and conditions of such Money Borrowed, including without limitation, interest rates, amortization schedules, and collateral therefor are acceptable to Agent in its sole discretion and if the proceeds of any such Money Borrowed are used to repay outstanding Revolving Credit Loans (subject to Borrowers’ rights to reborrow such amounts in accordance with the terms of this Agreement). LC Amount – at any time, the aggregate undrawn face amount of all Letters of Credit and LC Guaranties then outstanding. CHICAGO/#1571873.4

IRB Indebtedness means Indebtedness of the Facility Lessee or any Subsidiary Guarantor which (i) is in respect of pollution control revenue bonds, industrial revenue bonds or similar instruments, (ii) if the obligor is a Subsidiary Guarantor as determined by the management committee or governing body of the Facility Lessee in their good faith judgment, provides a material economic benefit to the Facility Lessee and the Subsidiary Guarantors, taken as a whole which cannot otherwise be obtained by the Facility Lessee (without incurring material costs and/or significant delays) and (iii) at the time of incurrence thereof, complies with the provisions of the "Permitted Indebtedness" described in clause (a) of the definition thereof; provided that the aggregate outstanding principal amount of all IRB Indebtedness, including (without duplication) the Indebtedness referred to in Section 5.7(p) of the Participation Agreement, shall not exceed $100,000,000 (as such amount may be Escalated) for the Facility Lessee and the Subsidiary Guarantors taken as a whole.