Refinancing Obligation definition

Refinancing Obligation. Each loan or replacement security issued in connection with a Refinancing.
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Refinancing Obligation. Each loan or replacement security issued in connection with a Refinancing. “Refinancing Proceeds”: The net Cash proceeds from a Refinancing. “Regional Diversity Measure”: As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Region Classification, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to
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Refinancing Obligation shall have the meaning set forth in Section 2.03. “Reinsurer” shall have the meaning set forth in the introductory paragraph.
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Examples of Refinancing Obligation in a sentence

  • Following a Refinancing in part pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of Classes of Notes ranking lower than such Refinancing Obligations in the Priorities of Payments.

  • Following a Refinancing in part pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of Classes of Notes ranking lower than such Refinancing Obligations in the Priorities of Payment.

  • The Servicer may establish programs satisfying the conditions set forth below, and rate relief provided through these programs will receive credit against its Refinancing Obligation in the manner as described below.

  • Following a Refinancing in part pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of Classes of Securities ranking lower than such Refinancing Obligations in the Priorities of Payment.

  • Such solicitation shall commence as soon as reasonably practicable following the Effective Date and solicitations shall be sent to Eligible Borrowers in accordance with the timeline set forth in the Servicer’s work plan until the Servicer reports to the Monitor that it has satisfied its Refinancing Obligation.

  • The amount of credit available under this program will be capped at $5 million of the total Refinancing Obligation.

  • Following a Refinancing in part pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of Classes of Debt ranking lower than such Refinancing Obligations in the Priorities of Payment.

  • Following a Refinancing in whole pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of the Subordinated Notes.

  • Following a Refinancing in part pursuant to the Conditions, a Class of Refinancing Obligation may in certain circumstances have a maturity date that is earlier than the maturity date of the Classes of Notes ranking lower than such Refinancing Obligations in the Priorities of Payment.

  • The carrying amount of each of the Company’s financial instruments approximates their fair value because of the short-term or demand maturities of these items.


More Definitions of Refinancing Obligation

Refinancing Obligation shall have the meaning set forth in Section 2.03.
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Related to Refinancing Obligation

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).