IRB Indebtedness definition

IRB Indebtedness means the Indebtedness with respect to the City of Jackson, Mississippi Industrial Revenue Bonds (XxXxxxx-Xxxxxx Co., Inc. Project), Series 1985, in the aggregate outstanding amount of $3,650,000.

IRB Indebtedness means Indebtedness that is in respect of pollution control revenue bonds, industrial revenue bonds or similar instruments.

IRB Indebtedness means that certain Indebtedness of XxXxxxx-Xxxxxx Co., Inc. pursuant to the Industrial Revenue Bond Issue with the City of Jackson, Mississippi, dated December 1, 1985, evidenced by the Lease recorded in Book 3166 at Page 443 of the Land Records of Xxxxx County, First Judicial District, Mississippi, including all agreements and documents related thereto.

Examples of IRB Indebtedness in a sentence

• 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 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 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 Indentures of Trust, Financing Agreements, Loan Agreements, Bonds, Notes and other documents relating to the IRB Indebtedness.

• The Borrower hereby authorizes the Agent to debit the IRB Indebtedness Account on each Drawing Date as necessary to reimburse the Agent for each draft paid by the Agent pursuant to any IRB Letter of Credit.

More Definitions of IRB Indebtedness

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 The Industrial Development Authority of the State of New Hampshire Floating/Fixed Rate Industrial Facility Revenue Bonds (V Land Corporation - 1985 Laconia Series) payable from payments made under the Loan Agreement.

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 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 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.

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 all direct and indirect obligations of the Acquired Companies in connection with those certain industrial revenue bonds described generally as follows: (1) Washington, MO IDR Bond Series 2011; (2) Washington, MO IDR Bond Series 2012, (3) Fredonia, KS IDR Bond Series 2012A, (4) Fredonia, KS IDR Bond Series 2012B, (5) Washington Series A, and (6) Washington Series B.