System Indebtedness definition

System Indebtedness means collectively all Bonds and all Additional Obligations.
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System Indebtedness means collectively the Bonds and any Additional Obligations which are payable out of, or secured by an interest in, the Revenues.
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System Indebtedness means collectively all Parity Bonds, all Parity Obligations, all Additional Bonds, all Additional Obligations, all Junior Lien Obligations and all Subordinate Lien Bonds which are payable out of, or secured by an interest in, the Revenues.
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Examples of System Indebtedness in a sentence

  • A monetary default shall have occurred on any System Indebtedness.

  • When the issuance of System Indebtedness of equal stature and priority is permitted by the Statutes of the State.

  • The estimated Debt Service Coverage Ratio (as determined by a Consultant), for the Fiscal Year immediately following the Fiscal Year in which the project, the cost of which is being financed by such System Indebtedness, is to be in commercial operation, shall be not less than 1.20, including the System Indebtedness proposed to be issued.

  • While holders are supposed to enforce easements on the public’s behalf, they also are highly motivated to maintain good relations with a perpetual succession of landowners, some (perhaps many) of whom may not be conservation-motivated and would benefit from the modification or release of easement restrictions and the ability to engage in potentially-destructive uses anywhere on the encumbered properties.

  • The Knowledge Partner is expected to come up with detailed base line study of the climate adaptive capacity of the project area.

  • Consult with professionals, including legal and financial advisors, prior to the issuance, restructuring, refinancing, retirement, or other modifications of outstanding System Indebtedness and to ensure compliance with obligations associated with System Indebtedness.

  • The Trustee shall mail to all owners of Bonds and the Fiduciaries for any Other System Indebtedness at their addresses as they appear on the registration books written notice of the occurrence of any Event of Default set forth in Section 8.01 within thirty (30) days after the Trustee shall have notice, pursuant to the provisions of Section 10.01 of this Agreement, that any such Event of Default shall have occurred.

  • Any disputes between the City and the ITPM arising from the ITPM’s reporting obligations or its restructuring, refinancing, retirement or other modifications of outstanding System Indebtedness shall be within the exclusive jurisdiction of this Court.

  • System Indebtedness may be restructured, refinanced, retired, defeased or otherwise modified in the best interest of the Sewer System to the extent allowed by law and consistent with obligations associated with existing System Indebtedness.

  • As such, the ITPM in consultation with the City, shall have the full authority to take all steps necessary to execute a restructuring, refinancing, retirement, defeasance or other modifications of outstanding System Indebtedness, including but not limited to entering into agreements with agents, banks, insurers, or other parties.


More Definitions of System Indebtedness

System Indebtedness means collectively all Bonds and Additional Obligations, which are payable out of, or secured by an interest in, the Gross Revenues, except Permitted Loans.
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System Indebtedness means collectively the Bonds and any Additional Obligations which are payable out of, or secured by an interest in, the income and Gross Revenues derived from the operation of the System.
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Related to System Indebtedness

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Unsecured Indebtedness means, with respect to any Person, all Indebtedness of such Person for borrowed money that does not constitute Secured Indebtedness.

  • Indebtedness means, with respect to any Person, without duplication:

  • Refinanced Indebtedness shall have the meaning provided in the definition of the term “Permitted Refinancing Indebtedness”.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Subordinated Indebtedness means any Indebtedness of the Borrower and its Restricted Subsidiaries that is contractually subordinated to the Indebtedness under the Loan Documents.

  • Purchase Money Indebtedness means (a) any indebtedness incurred for the payment of all or any part of the purchase price of any fixed asset, including indebtedness under capitalized leases, (b) any indebtedness incurred for the sole purpose of financing or refinancing all or any part of the purchase price of any fixed asset, and (c) any renewals, extensions or refinancings thereof (but not any increases in the principal amounts thereof outstanding at that time).

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.