SYT » Topics » Funded Debt

This excerpt taken from the SYT 20-F filed Feb 18, 2009.
Funded Debt” means:
 
(i)
any Indebtedness of the Guarantor maturing by its terms more than one year from the date of issue thereof, including any such Indebtedness renewable or extendible at the option of the Guarantor
 
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to a date later than one year from the date of original issue thereof, excluding any portion of such Indebtedness which is included in current liabilities; and
 
(ii)
any Indebtedness of the Guarantor which may be payable from the proceeds of Funded Debt as defined in (i) hereof pursuant to the terms of such Indebtedness;
 
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