Bond Anticipation Obligations definition

Bond Anticipation Obligations means Evidences of Indebtedness and renewals thereof to be paid from the proceeds of a series of bonds previously authorized when issued or from other funds that may be available for that purpose.
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Bond Anticipation Obligations means those Evidences of Indebtedness which are issued pursuant to Section 2.4 of this Resolution.
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Bond Anticipation Obligations means Bonds issued in anticipation of the sale of a Series of Bonds in a principal amount not exceeding the principal amount of such Series of Bonds and payable from the proceeds of the sale of the Series of Bonds in anticipation of which such Bond Anticipation Obligations are issued, which may be payable, in whole or in part, from Pledged Receipts, at the discretion of the Authority, as set forth in a Supplemental Trust Indenture.
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Examples of Bond Anticipation Obligations in a sentence

  • To assist in financing its Power Program the Corporation may issue Evidences of Indebtedness other than Bonds and Bond Anticipation Obligations, which may be payable out of Net Power Proceeds subject to the provisions of Section 2.3 hereof, but no such other Evidences of Indebtedness shall rank on a parity with or ahead of the Bonds as to payments on account of the principal thereof or rank ahead of the Bonds as to payments on account of the interest thereon.

  • Upon the issuance of Bond Anticipation Obligations in compliance with the provisions of this paragraph, proceeds of the Series of Bonds in anticipation of which such Bond Anticipation Obligations are issued may be pledged for the payment of the principal of such Bond Anticipation Obligations and any such pledge shall have priority over any other pledge created by this General Trust Indenture or any Series Trust Indenture.

  • The Corporation, having first adopted a Supplemental Resolution authorizing the issuance of a series of Bonds and pending such issuance, may issue Bond Anticipation Obligations and renewals thereof (including Interim Obligations to the Secretary of the Treasury) to be paid from the proceeds of such series of Bonds when issued or from other funds that may be available for that purpose.

  • Conditions to Issuance of Subordinate Bonds and Bond Anticipation Obligations.

  • Section 2.5 of the Basic Resolution provides as follows: To assist in financing its Power Program the Corporation may issue Evidences of Indebtedness other than Bonds and Bond Anticipation Obligations, which may be payable out of Net Power Proceeds subject to the provisions of Section 2.3 hereof.

  • To assist in financing its Power Program the Corporation may issue Evidences of Indebtedness other than Bonds and Bond Anticipation Obligations, which may be payable out of Net Power Proceeds subject to the provisions of Section 2.3 hereof.

  • The proceeds of sale of such Bond Anticipation Obligations shall be applied to the purposes for which the related Series of Bonds are authorized, and, if the resolution or resolutions authorizing such Bond Anticipation Obligations so provides, to the payment of interest and other costs in connection with the sale and issuance of such Bond Anticipation Obligations.Section 206.

  • Failure to enforce any provision of this AGREEMENT shall not operate as a waiver of such provision or of any other provision.

  • Except for any prepayment of Bond Anticipation Obligations with Special Tax Revenues prior to the Level Payment Commencement Date, the Borrower shall not make any voluntary prepayments with respect to any Trust Agreement Obligations unless the TIFIA Loan is simultaneously prepaid in a ratable amount in accordance with Section 10(b).

  • The proceeds of sale of such Bond Anticipation Obligations shall be applied to the purposes for which the related Series of Bonds are authorized, and, if the resolution or resolutions authorizing such Bond Anticipation Obligations so provides, to the payment of interest and other costs in connection with the sale and issuance of such Bond Anticipation Obligations.


More Definitions of Bond Anticipation Obligations

Bond Anticipation Obligations means Bonds with a fixed rate that is less than the TIFIA Interest Rate issued in anticipation of the sale of a series of Bonds in a principal amount not exceeding the principal amount described in clause (k) of the definition of “Permitted Debt” and that are not callable by the Borrower or subject to a put by the holder of such Bonds, which Bonds may be payable, in whole or in part, from Toll Road Revenues, at the discretion of the Borrower, as set forth in a Supplemental Indenture.
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Bond Anticipation Obligations means Additional Trust Agreement Obligations in a principal amount not exceeding $60,000,000 and satisfying the requirements of clause (i)(B) of the definition of such term, issued or incurred, as applicable, in anticipation of the future sale of Additional Trust Agreement Obligations the proceeds of which are used to refinance such then outstanding Additional Trust Agreement Obligations.
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Bond Anticipation Obligations means Evidences of Indebtedness and renewals thereof to be paid from the proceeds of a series
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Bond Anticipation Obligations means Obligations issued in anticipation of the sale of a Series of Obligations in a principal amount not exceeding the principal amount of such Series of Obligations and payable from the proceeds of the sale of the Series of Obligations in anticipation of which such Bond Anticipation Obligations are issued, which may be payable, in whole or in part, from Toll Revenues, at the discretion of the Commission, as set forth in a Supplemental Indenture.
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Bond Anticipation Obligations means Additional Trust Agreement Obligations in a principal amount not exceeding $60,000,000 and satisfying the requirements of clause (i)(B) of the definition of such term, issued or incurred, as applicable, in anticipation of the future sale of Additional Trust Agreement Obligations the proceeds of which are used to refinance such then outstanding Additional Trust Agreement Obligations.
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Related to Bond Anticipation Obligations

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • 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)).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Reference Obligation means an obligation used for the purposes of determining the cash settlement value of a credit derivative;

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Bank Products Obligations of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

  • 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.

  • Compliance obligation means the quantity of verified reported emissions or assigned emissions for which an entity must submit compliance instruments to ARB.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.