IRB Obligations means the variable rate industrial and pollution control revenue bonds of the U.S. Borrower that are supported by letters of credit set forth on Schedule 2.04 (Existing Letters of Credit).
IRB Obligations shall have the meaning ascribed to such term in the Intercreditor Agreement. "L/C Issuer" -- Old Kent Bank, in its capacity as issuer of the Old Kent Letters of Credit.
IRB Obligations means the obligations of FCI to the Montxxxxxx Xxxnty Industrial Development Corporation in connection with those certain industrial revenue bonds issued by the Montxxxxxx Xxxnty Industrial Development Corporation, in the principal amount of $1,000,000, due February 1, 2001.
Examples of IRB Obligations in a sentence
Without the consent of the Required Lenders, which consent shall not be unreasonably withheld, incur or permit to exist any Capitalized Lease Obligations if such Capitalized Lease Obligation when added to existing Capitalized Lease Obligations and Permitted Purchase Money Indebtedness (excluding IRB Obligations) of the Borrowers would exceed $250,000 in the aggregate.
Strategic Plans from Prime Contractors with Major IRB Obligations Strategic plans from prime contractors with major corporate obligations to Canada will be required.
The Buyer shall have received written consent and confirmation of the Buyer's ability to assume the IRB Obligations (without any increase therein) and to perform the transactions required by the IRB Documents.
PCC to tread of masonry steps and treads of RCC steps in stair cases shall be provided with 4 cms.
The Parties hereby further acknowledge that, with respect to the IRB Collateral, such collateral secures, first and foremost, the IRB Obligations; second, the Seasonal Line of Credit Obligations, and third and subordinate, but equally and ratably, the Bank Obligations, the Note Obligations, and the Old Kent L/C Obligations.
More Definitions of IRB Obligations
IRB Obligations means the variable rate industrial and pollution control revenue bonds of the Borrower.
IRB Obligations means the variable rate industrial and pollution control revenue bonds of the U.S. Borrower that are supported by letters of credit set forth on Schedule 2.04 (Existing Letters of Credit). “Issue” means, with respect to any Letter of Credit, to issue, extend the expiry of, renew or increase the maximum face amount (including by deleting or reducing any scheduled decrease in such maximum face amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have a corresponding meaning “Issuing Bank” means each Lender or Affiliate of a Lender that (a) is listed on the signature pages hereof as an “Issuing Bank” or (b) hereafter becomes an Issuing Bank with the approval of the Administrative Agent and the U.S. Borrower by agreeing pursuant to an agreement with and in form and substance satisfactory to the Administrative Agent and the U.S. Borrower to be bound by the terms hereof applicable to Issuing Banks.
IRB Obligations means the Indebtedness or other obligations of one or more Borrowers with respect to the construction and financing of the IRB Projects, including, without limitation, Indebtedness under related industrial revenue bonds, in amounts approved by the Required Lenders in their discretion
IRB Obligations means the variable rate industrial and pollution control revenue bonds of the U.S. Borrower that are supported by letters of credit set forth on Schedule 2.04 (Existing Letters of Credit). “ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. “Issue” means, with respect to any Letter of Credit, to issue, extend the expiry of, renew or increase the maximum face amount (including by deleting or reducing any scheduled decrease in such maximum face amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have a corresponding meaning “Issuing Bank” means each Lender or Affiliate of a Lender that (a) is listed on the signature pages hereof as an “Issuing Bank” or (b) hereafter becomes an Issuing Bank with the approval of the Administrative Agent and the U.S. Borrower by agreeing pursuant to an agreement with and in form and substance satisfactory to the Administrative Agent and the U.S. Borrower to be bound by the terms hereof applicable to Issuing Banks. “L/C Cash Collateral Account” has the meaning specified in Section 7.02(b). “L/C Cash Collateral Account Collateral” has the meaning specified in Section 7.02(b).
IRB Obligations means all indebtedness and other obligations of Borrower arising in connection with the $19,000,000 California Economic Development Financing Authority Variable Rate Demand Airport Facilities Revenue Bonds, Series 1998 (Mercury Air Group, Inc. Project).
IRB Obligations means Indebtedness incurred with respect to revenue bonds issued by a Governmental Authority for purposes of financing improvements to or construction of facilities of substantially the same type or for substantially the same use as are currently operated by any Borrower at any airport where an FBO is located.
IRB Obligations means the obligations of the Company and/or its Affiliates set forth in (i) various documents and instruments, including but not limited to a promissory note, a loan agreement, a guaranty agreement and security documents, each dated as of July 1, 1984 and as subsequently amended, pursuant to which the Company or its predecessor in interest borrowed the proceeds of The Onslow County Industrial Facilities and Pollution Control Financing Authority Industrial Revenue Bond (Fredxxxxx & Xerrxx, Xxc. Project No. 2) issued in the original principal amount of $6,000,000; (ii) various documents and instruments, including but not limited to a promissory note, a loan agreement, a corporate guaranty agreement and security documents, each dated July 13, 1993 and as subsequently amended, pursuant to which the Company or its predecessor in interest borrowed $1,775,845 from the City of Forrest City, Arkansas; and (iii) various documents and instruments, including but not limited to a promissory note, a loan agreement, a bond guaranty agreement and a security document, each dated as of July 1, 1993, pursuant to which the Company or its predecessor in interest borrowed the proceeds of Arkansas Development Finance Authority Economic Development Revenue Bonds (Dixix Xxxds Company Project) Taxable Series A and Taxable Series B issued in the original principal amounts of $2,000,000 with respect to Taxable Series A and $2,000,000 with respect to Taxable Series B.