Board Obligations definition

Board Obligations means any bonds or other evidences of obligations that the Transportation Board is permitted to issue under the Act, including, but not limited to, the Bonds, Parity Obligations, Reimbursement Obligations, Ancillary Contract Obligations, and Subordinate Obligations.
Sample 1Sample 2Sample 3

Examples of Board Obligations in a sentence

  • The Company acknowledges that, in addition to the Other Company Board Obligations, from time to time, the Executive may be asked to serve on the board of directors of other companies or organizations.

  • The Executive acknowledges that he does not reasonably expect that such Other Company Board Obligations will violate the terms of this Agreement during the Executive’s employment with the Company.

  • The Company acknowledges that the Executive currently serves on the board of directors of the companies and organizations listed on Schedule A attached hereto (the “Other Company Board Obligations”) and that the Other Company Board Obligations do not violate the terms of this Agreement.

  • Other Employee Future Benefits[i] Workplace Safety and Insurance Board Obligations The Board is a Schedule 2 employer under the Workplace Safety and Insurance Act and, as such, assumes responsibility for the payment of all claims to its injured workers under the Act.

  • The post-employment benefit at December 31 includes the following components: 2021 2020 Retirement Benefits $ 949,264 $ 942,033 Workplace Safety and Insurance Board Obligations 425,314 396,617 Wellington-Dufferin-Guelph Public Health Unit 333,656 351,999 $ 1,708,234 $ 1,690,649The County has established a Workplace safety and insurance reserve fund in the amount of $2,719,067 (2020 - $2,247,851) to mitigate the future impact of these obligations.

  • Other employee future benefits Workplace Safety and Insurance Board Obligations The Board is a Schedule 2 employer under the Workplace Safety and Insurance Act and, as such, assumes responsibility for the payment of all claims to its injured workers under the Act.

  • Other employee future benefits(i) Workplace Safety and Insurance Board Obligations (“WSIB”)The Board is a Schedule 1 employer under the Workplace Safety and Insurance Act(the “Act”) and, as such, the Board insures all claims by its injured workers under the Act.

  • Legal References Education Act, sections 169.1, 170-171 Duties and Powers of Boards; section 209 Trustee Declaration; Part VIII Compliance with Board Obligations; Part IX Finance Board References Board Policy HandbookPolicy No. 2 By-Laws: Article VIPolicy No. 4 Corporate Board Job Description Resources The Road Ahead: A Report on the Role of School Boards and Trustees.

  • The post-employment benefit at December31 includesthe following components: 20162015 Post-employment benefits $ 344,684 $ 144,355Sick leave 191,709149,550Workplace Safety and Insurance Board Obligations 62,56266,943Bruce Telecom post-employment benefits 663,045603,5331,262,000964,381Unamortized actuarial loss (290,681)(3,309)$ 971,319$ 961,072 Actuarial valuations for accounting purposes are performed using the projected benefit method, pro-rated on services.

  • The post-employment benefit at December31 includesthe following components: 20172016 Post-employment benefits $ 353,733 $ 344,684Sick leave 190,881191,709Workplace Safety and Insurance Board Obligations 58,71662,562Bruce Telecom post-employment benefits 780,523663,0451,383,8531,262,000Unamortized actuarial loss (339,351)(290,681)$ 1,044,502$ 971,319 Actuarial valuations for accounting purposes are performed using the projected benefit method, pro-rated on services.

Related to Board Obligations

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.