Refunding Debt definition

Refunding Debt means Indebtedness for borrowed money incurred by the Borrower or any of its Subsidiaries after the date hereof; provided, however, the Loan and any Senior Indebtedness are not Refunding Debt.

Refunding Debt means Debt, the proceeds of which are used to refund outstanding Senior Debt.

Refunding Debt means any Debt of a Person that is deemed to be for the purpose of Refunding other Debt of such Person, as further defined in Section 5.08(b).

Examples of Refunding Debt in a sentence

• Refunding Debt should be issued to achieve debt service savings in most cases.

• The amount of any surplus remaining in the Utility Refunding Debt Service Subaccount when the Utility Refunding Portion of the Bonds are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4.

• Refunding Debt may be issued either on a current or advance basis, including on a tax- exempt basis as permitted by applicable Federal tax laws.

• The Borrower shall not, and shall not permit its Subsidiaries to, create, incur, assume or suffer to exist any consolidated Indebtedness other than consolidated Indebtedness outstanding on the Closing Date, Refunding Debt, the Loan and the Senior Indebtedness.

• Given the proposal is to change how CSSFs are regulated, there would not be a significant immediate impact on providers or students that we can easily monitor or evaluate.

More Definitions of Refunding Debt

Refunding Debt. Indebtedness incurred by Nonaffiliated Partner to refinance the Refunded Debt on the ET Date as provided in Section 2.9 of the Participation Agreement.

Refunding Debt means Indebtedness which replaces, refunds or refinances any Senior Debt, provided that:

Refunding Debt means Long-Term Indebtedness issued or incurred to pay or to provide for the payment of other Long-Term Indebtedness.

Refunding Debt means Long–Term Indebtedness issued or incurred to pay or to provide for the payment of other Long–Term Indebtedness.

Refunding Debt means any Debt of a Person that is deemed to be for the purpose of Refunding other Debt of such Person, as further defined in Section 5.08(b). “Register” has the meaning assigned to such term in Section 8.04. “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. “Relevant Governmental Body” means the Federal Reserve Board and/or the NYFRB, the CME Term SOFR Administrator, as applicable or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto. “Required Lenders” means, subject to Section 2.20, at any time, (a) prior to the date on which the Term Loans are funded, Lenders having Commitments representing more than 50% of the sum

Refunding Debt means any Long-Term Debt issued for the purpose of refunding or refinancing outstanding Long-Term Debt.

Refunding Debt means any loan, bond, note, advance or indebtedness payable from Tax Revenues on a parity with the 2003 South San Fernando Project Bonds; provided that the proceeds thereof are used to refund all or a portion of the 2003 South San Fernando Project Bonds or any Parity Debt (and to pay costs of issuance of and fund a reserve fund for such Refunding Debt), and the debt service due on such Refunding Debt in any Fiscal Year in which the 2003 South San Fernando Project Bonds or such Parity Debt is Outstanding is not greater than the debt service due on the portion of the 2003 South San Fernando Project Bonds or any Parity Debt refunded with the proceeds of such Refunding Debt.