Demand Obligations definition

Demand Obligations means obligations evidencing the County’s obligation to make Xxxxxx distributions to participating taxing agencies.
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Demand Obligations. If any Loan is payable by its terms on demand, the Bank shall be permitted to demand payment of all amounts due on such Loan at any time in the Bank's sole and unilateral discretion without any express or implied restrictions or limitations on the right to demand payment. No provisions herein or in any promissory note or other Loan Document defining events of default or imposing any obligations on Borrower shall be interpreted to restrict the Bank's ability to demand payment in it sole discretion of any Loan payable on demand.
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Demand Obligations. Loans are due and payable on demand. Purpose: Loan proceeds will be used by the Borrower for working capital.
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Examples of Demand Obligations in a sentence

  • Municipal bonds may include Variable Rate Demand Obligations ("VRDOs"), which are tax-exempt obligations that contain a floating or variable interest rate adjustment formula and right of demand on the part of the holder thereof to receive payment of the unpaid principal balance plus accrued interest upon a short notice period not to exceed seven days.

  • Permitted investments shall include: Obligations of the US Treasury; obligations of an agency of the US Government; obligations of and obligations fully guaranteed by any of the fifty (50) states of the United States of Americ a; Auction Preferred Stock (APS) and/or Auction Rate Certificates (ARC) and/or Variable Rate Demand Obligations (VRDO) and corporate bonds with an investment grade rating by a nationally recognized rating service .

  • Short-term Obligation Subscription Service The information about securities bearing interest at short-term rates, which include Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) that are provided through the Short-term Obligation Rate Transparency ("SHORT") Service are submitted to the MSRB by ARS program dealers or auction agents or VRDO remarketing agents.

  • Municipal bonds may include Variable Rate Demand Obligations (“VRDOs”), which are tax-exempt obligations that contain a floating or variable interest rate adjustment formula and right of demand on the part of the holder thereof to receive payment of the unpaid principal balance plus accrued interest upon a short notice period not to exceed seven days.

  • The XXXX XXXXX Historical Data Product will make available to all purchasers information submitted by ARS program dealers or auction agents, or VRDO remarketing agents, to the MSRB pertaining to Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) for any twelve consecutive complete month data sets.

  • Such debt includes, but is not limited to, Variable Rate Demand Obligations (“VRDBs”), Auction Rate Securities and Floating Rate Notes.

  • The information about securities bearing interest at short‐term rates, which include Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) that are provided through the XXXX XXXXX Service are submitted to the MSRB by ARS program dealers or auction agents or VRDO remarketing agents.

  • The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics.

  • Demand Obligations A demand obligation (usually a demand loan) is an obligation for which there is no fixed time or specific conditions for performance.61 Under the common law the limitation period for a cause of action based on a demand obligation starts to run from the date that the obligation is created.62 The running of time starts at this point as repayment of a demand obligation can be required at any time after the loan is made.

  • Permitted investments shall include: Obligations of the US Treasury; obligations of an agency of the US Government; obligations of and obligations fully guaranteed by any of the fifty (50) states of the United States of America; Auction Preferred Stock (APS) and/or Auction Rate Certificates (ARC) and/or Variable Rate Demand Obligations (VRDO) and corporate bonds with an investment grade rating by a nationally recognized rating service.


More Definitions of Demand Obligations

Demand Obligations means Indebtedness that has a stated maturity of 365 days or more after the date of incurrence and is payable or required to be purchased or redeemed at the option of the thereof or upon the occurrence of events specified in the underlying legal documents (other than upon mandatory tender in connection with the conversion of such Indebtedness to another interest rate mode) prior to its stated maturity date and any other obligation of an Obligated Group Member to pay or purchase securities or obligations of another person or entity upon demand of the holder thereof.
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Demand Obligations means obligations evidencing the County’s obligation to make Teeter distributions to participating taxing agencies.
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Demand Obligations means any Bonds Similarly Secured the principal of which is payable by the City on demand of the owner or holder thereof.
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Related to Demand 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.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.