Refunding Indebtedness definition

Refunding Indebtedness means Indebtedness of the Company and its Restricted Subsidiaries permitted under Section 7.01(e).

Refunding Indebtedness means Utility Indebtedness issued for the purpose of refunding any Outstanding Utility Indebtedness.

Refunding Indebtedness means indebtedness issued for the purpose of refunding other Long-Term Indebtedness.

Examples of Refunding Indebtedness in a sentence

• The Company will not, and will not permit any of its Restricted Subsidiaries to, consent to any amendment or waiver of any of the documents or agreements evidencing or governing any Senior Subordinated Notes, any Senior Notes or, after the issuance thereof in accordance with the requirements of Section 7.01(b) or (c), as applicable, any Refunding Indebtedness in a manner that is adverse in any material respect to the Lenders.

• Interim dividends are deducted from equity when they are declared and no longer at the discretion of the shareholders.

• The Corporation may incur Refunding Indebtedness for the purpose of refunding (whether in advance of maturity or otherwise) any Outstanding Long-Term Indebtedness, if the Corporation determines that such refunding is in the best interest of the Corporation.

• In addition, the Trustee shall receive an Opinion of Counsel stating that upon the incurrence of such proposed Long-Term Indebtedness and application of the proceeds thereof (on the Cross-over Date, in the case of Cross-over Refunding Indebtedness), the Outstanding Long-Term Indebtedness to be refunded thereby will no longer be Outstanding.

• An employee required or allowed to transfer to another Gas Bar by the Co-operative will maintain their seniority in the new location.

More Definitions of Refunding Indebtedness

Refunding Indebtedness has the meaning assigned to such term in Section 7.01(c).

Refunding Indebtedness means (a) any Indebtedness incurred under Section 7.01(b) or 7.01(c) that is applied to the extension, renewal, refunding or replacement of other Indebtedness permitted under this Agreement and (b) Indebtedness of the Company and its Restricted Subsidiaries permitted under Section 7.01(e).

Refunding Indebtedness means Long-Term Indebtedness issued for the purpose of refunding other Long-Term Indebtedness (including Long-Term Indebtedness commonly referred to as current refunding indebtedness, advance refunding indebtedness or cross-over refunding indebtedness where the proceeds of such Refunding Indebtedness are deposited in an irrevocable escrow or trust account to secure the payment on the applicable payment dates of the interest and principal on such Refunding Indebtedness and/or the Indebtedness being refunded).

Refunding Indebtedness has the meaning assigned to such term in Section 7.1(b).

Refunding Indebtedness means (a) any Indebtedness incurred under Section 7.01(b) or 7.01(c) that is applied to the extension, renewal, refunding or replacement of other Indebtedness permitted under this Agreement and (b) Indebtedness of the Borrower and its Restricted Subsidiaries permitted under Section 7.01(e).

Refunding Indebtedness means any Long-Term Indebtedness issued or incurred for the purpose of providing funds to refund or refinance any other Long-Term Indebtedness of the Association.

Refunding Indebtedness means any Additional Indebtedness issued for the purpose of refunding any Outstanding Long-Term Indebtedness.