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.

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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

• 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 Loans and the Senior Indebtedness.

• 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.

• If, on April 1 or October 1 of each year, any payment obligation of a Member District related to the 2020 Refunding Debt remains outstanding and uncollected after 45 days, then the other Member Districts shall be liable for such payment obligation as described in this subparagraph.

• As set forth in the LP Agreement, PGP-MVT and PGP hereby covenant and agree that for the five (5) year period immediately following the Closing, PGP-MVT and PGP will be restricted in their ability to (i) sell, transfer or otherwise dispose of the Property, (ii) pay down the Tax Exempt Refunding Debt, and (iii) in the case of PGP-MVT, dispose of its general partnership interest.

• 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 Loans and the NationsBank Indebtedness.

More Definitions of Refunding Debt

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.

Refunding Debt means debt refinancing debt in accordance with State statutes.

Refunding Debt means both the Refunding Generation Debt and the Refunding Transmission Debt.

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 debt that refinances previously issued debt in accordance with State statutes.