Insured Obligations definition

Insured Obligations means the Class A Certificates.

Insured Obligations has the meaning specified in the Note Insurance Policy.

Insured Obligations. As defined in the Insurance Policy.

Examples of Insured Obligations in a sentence

• The Municipality shall send copies of any such amendments or supplements to BAM and the rating agencies which have assigned a rating to the Insured Obligations, if any.

• No grace period shall be permitted for payment defaults on the Insured Obligations.

• For the avoidance of confusion, it is understood and agreed that the Insured Obligations bear interest at the Gross Interest Rate and that references in this Article VI to the payment of interest on the Insured Obligations are references to payment of interest at such Gross Interest Rate.

• For purposes of the foregoing "Obligation" shall mean any bonds, loans, certificates, installment or lease payments or similar obligations that are payable and/or secured on a parity or subordinate basis to the Insured Obligations.

• So long as the Insured Obligations are outstanding or any amounts are due and payable to BAM, the Municipality shall not sell, lease, transfer, encumber or otherwise dispose of the Utility or any material portion thereof, except upon obtaining the prior written consent of BAM.

More Definitions of Insured Obligations

Insured Obligations means the Bonds.

Insured Obligations. To the extent set forth herein, the aggregate interest on and the aggregate outstanding principal balance of all Notes owned by Holders, such principal amount not to exceed in the aggregate $800,000,000.

Insured Obligations means the Warranties (other than claims in respect of the Fundamental Warranties and, for the avoidance of doubt, other than claims in respect of breach of the warranty in Clause 5.1 (No Leakage)) and the Deed of Tax Covenant, in each case to the extent not excluded under clauses 5.2 or 5.3 of the W&I Policy.

Insured Obligations. With respect to any Series of Notes, as defined in the applicable Series Supplement.

Insured Obligations means all present, future, actual and deferred obligations of the Mortgagor and each Obligor to pay the Mortgagee an amount, as principal debtor or as surety for the principal, interest or costs, resulting from or in connection with:

Insured Obligations means the regularly scheduled Interest Payments, Principal Payment due at maturity and outstanding Principal Payment due as a result of a mandatory redemption required to be paid to the Insured Party under Section 1009 of the Indenture and the Notes, whether by or on behalf of the Issuer. For the avoidance of doubt, Insured Obligations shall include only the Payments required under the Indenture and the Notes issued and in effect as of the date hereof (without amendment). In no event shall Insured Obligations include (a) any principal due by reason of the acceleration or optional prepayments thereof, (b) any late charges or interest due under the Indenture or (c) any taxes, withholding or gross-up obligations of any kind.

Insured Obligations has the meaning specified in the Policy.]