Refunding Indebtedness definition

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

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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.
Upon the occurrence of any "Change of Control" under and as defined in the Senior Subordinated Notes Indenture or New Senior Subordinated Notes Indenture (or any similar provision in the applicable governing agreement for any Refunding Indebtedness), the Borrower shall prepay the Loans hereunder (and provide cover for LC Exposure as specified in Section 2.04(i)), and the Commitments hereunder shall be automatically terminated.
Anything herein to the contrary notwithstanding, the Borrower shall cause any Subsidiary that becomes a guarantor under the Subordinated Notes Indenture (or any applicable governing agreement for any related Refunding Indebtedness), to immediately become a Guarantor hereunder in compliance with the provisions of the preceding paragraph, whether or not such Subsidiary is otherwise required to be a Restricted Subsidiary hereunder.
Upon the occurrence of any "Change of Control" under and as defined in the Senior Subordinated Notes Indenture, New Senior Subordinated Notes Indentures or New Senior Notes Indentures (or any similar provision in the applicable governing agreement for any Refunding Indebtedness), the Borrower shall prepay the Loans hereunder (and provide cover for LC Exposure as specified in Section 2.04(i)), and the Commitments hereunder shall be automatically terminated.
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.

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 on and principal of 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 any Additional Indebtedness issued for the purpose of refunding any Outstanding Long-Term Indebtedness.

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.