Refunding Issuance definition

Refunding Issuance means an issuance of a new Series of Securitization Bonds under the Indenture to pay the cost of refunding, through redemption or payment on the Expected Final Payment Date for a Series or Class of Securitization Bonds, all or part of the Securitization Bonds of such Series or Class to the extent permitted by the terms thereof.
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Refunding Issuance means an issuance of a new Series of Transition Bonds under the Indenture to pay the cost of refunding, through redemption or payment on the Expected Final Payment Date for a Series or Class of Transition Bonds, all or part of the Transition Bonds of such Series or Class to the extent permitted by the terms thereof.
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Refunding Issuance means issuance of a new Series of Environmental Control Bonds under the Indenture to pay the cost of refunding, through payment on the Expected Final Payment Date for a Series or Tranche of Environmental Control Bonds, all or part of the Environmental Control Bonds of such Series or Tranche to the extent permitted by the terms thereof.
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Examples of Refunding Issuance in a sentence

  • The Issuer may issue Transition Bonds of a new Series as a Financing Issuance or a Refunding Issuance.

  • If the issuance of a Series of Transition Bonds is a Refunding Issuance, the amount of money necessary to pay the outstanding principal balance of, and premium and interest on, the Transition Bonds being refunded to either the Redemption Date for Transition Bonds being refunded upon redemption, such money to be deposited into a separate account with the Bond Trustee.

  • If the issuance of a Series of Securitization Bonds is a Refunding Issuance, the amount of money necessary to pay the outstanding principal balance of and interest on the Securitization Bonds being refunded to the Redemption Date for the Securitization Bonds being refunded upon redemption, such money to be deposited into a separate account with the Trustee.

  • If the issuance of a Series of Transition Bonds is a Refunding Issuance, the amount of money necessary to pay the outstanding principal balance of and interest on the Transition Bonds being refunded to the Redemption Date for the Transition Bonds being refunded upon redemption, such money to be deposited into a separate account with the Trustee.

  • The Issuer may issue Securitization Bonds of a new Series as a Financing Issuance or a Refunding Issuance.

  • The Issuer may issue Environmental Control Bonds of a new Series from time to time as a Financing Issuance or a Refunding Issuance.

  • If the issuance of a Series of Environmental Control Bonds is a Refunding Issuance, the amount of money necessary to pay the outstanding principal balance of, and premium and interest on, the Environmental Control Bonds being refunded, such money to be deposited into a separate account with the Indenture Trustee.

  • The Issuer may issue Transition Bonds of a new Series from time to time as a Financing Issuance or a Refunding Issuance.

  • If the issuance of a Series is a Refunding Issuance, the amount of money necessary to pay premiums, if any, and the outstanding Principal balance of and interest on the Transition Bonds being refunded to the Redemption Date for the Transition Bonds being refunded upon redemption, such money to be deposited into a separate account with the Trustee.

  • The aggregate principal amount of Transition Bonds that may be authenticated and delivered under this Indenture shall not exceed $4 billion plus the amount of any Refunding Issuance.


More Definitions of Refunding Issuance

Refunding Issuance means issuance of a new Series of Transition Bonds ------------------ hereunder to pay the cost of refunding, through redemption or payment on the Expected Final Payment Date for a Series or Class of Transition Bonds, all or part of the Transition Bonds of such Series or Class to the extent permitted by the terms thereof.
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Related to Refunding Issuance

  • Refunding Date as defined in Section 2.7.

  • Issuance means the date of mailing of a decision or order or date of delivery if service is by other means unless another date is specified in the order.

  • Refunding Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Exempt Issuance means the issuance of (a) shares of Common Stock or options to employees, officers or directors of the Company pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of Directors or a majority of the members of a committee of non-employee directors established for such purpose for services rendered to the Company, (b) securities upon the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or exchangeable for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities (other than in connection with stock splits or combinations) or to extend the term of such securities, and (c) securities issued pursuant to acquisitions or strategic transactions approved by a majority of the disinterested directors of the Company, provided that such securities are issued as “restricted securities” (as defined in Rule 144) and carry no registration rights that require or permit the filing of any registration statement in connection therewith during the prohibition period in Section 4.12(a) herein, and provided that any such issuance shall only be to a Person (or to the equityholders of a Person) which is, itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business of the Company and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing in securities.

  • Permitted Issuance means the issuance by the Company of (i) shares of Common Stock (A) offered to the public pursuant to a public offering, (B) upon conversion of any of the convertible securities issued by the Company and outstanding as of the Issuance Date, (C) in connection with any dividend or distribution to the holders of Common Stock, (D) upon exercise of any Options outstanding prior to the Issuance Date or thereafter issued pursuant to any stock option or warrants or pursuant to employee stock option or executive incentive ownership plans approved by a majority of the Board of Directors of the Company, or (E) issued in connection with any stock splits, reclassifications, recapitalizations or similar events, or (ii) any Options issued pursuant to any of the plans referred to in clause (i)(D) above.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if the refunding obligation meets both of the following:

  • Revolving Maturity Date means the date which is five years after the Closing Date or, if such date is not a Business Day, the first Business Day thereafter.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Excluded Issuance by any Person means an issuance of shares of capital stock of (or other ownership or profit interests in) such Person upon the exercise of warrants, options or other rights for the purchase of such capital stock (or other ownership or profit interest).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Permitted Issuances means issuances of shares of Common Stock and upon exercise of the warrants and options and other convertible securities, in each case listed on Schedule 1.

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Exempt Issuances has the meaning set forth in Section 6.

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Revolving Loan Maturity Date means (a) the date which is five years from the Closing Date or (b) such earlier date upon which the Revolving Commitments may be terminated in accordance with the terms hereof.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Term B Maturity Date means May 17, 2030.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Refunding Bond or “Refunding Bonds” means all or a portion of the

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Existing Maturity Date has the meaning specified in Section 2.14(a).