Demand Obligations definition

Demand Obligations means obligations evidencing the County’s obligation to make Xxxxxx distributions to participating taxing agencies.
Demand Obligations means obligations evidencing the County’s obligation to make Teeter distributions to participating taxing agencies.
Demand Obligations. Loans are due and payable on demand. Purpose: Loan proceeds will be used by the Borrower for working capital.

Examples of Demand Obligations in a sentence

  • On October 1, 2015, the Series 2011A-2 was converted from Index Floaters to Variable Rate Demand Obligations (VRDOs).

  • The 2009 swaps now hedge the 2011A-3 Indexed Floaters and the 2009D and 2010C2 Variable Rate Demand Obligations (VRDOs).

  • Variable Rate Demand Obligations (VRDOs) are the traditional means of achieving variable rate exposure and provide governmental issuers with access to a large, well-established liquid market.

  • Furthermore, the rights of owners of Municipal Bonds and the obligations of the issuer of such Municipal Bonds may be subject to applicable bankruptcy, insolvency and similar laws and court decisions affecting the rights of creditors generally and to general equitable principles, which may limit the enforcement of certain remedies.Variable Rate Demand Obligations (“VRDOs”).

  • 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 .

  • BACKGROUND Currently, the Airports Authority has $883 million of bank facilities providing liquidity to the Airports Authority’s Variable Rate Demand Obligations and serving as direct variable rate loans.

  • True Demand Obligations Imply More than They ExpresslySay 140Sallaz v.

  • Many issuers have restructured ARSs into alternative investment vehicles such as Variable-Rate Demand Obligations (VRDOs) that incorporate a put option, giving investors guaranteed liquidity.

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

  • True Demand Obligations and “Good Faith” and LenderLiability (or Lack Thereof) 144Union Bank v.


More Definitions of Demand Obligations

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.
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.

Related to Demand Obligations

  • Bond Obligation means, as of the date of computation, the principal amount of the Bonds then Outstanding.

  • 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.

  • Retained Obligations shall have the meaning set forth in Section 2.6.

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

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

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

  • 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.

  • Permitted Obligations mean (i) nonspeculative Hedging Obligations of any Person and its Subsidiaries arising in the ordinary course of business and in accordance with such Person’s established risk management policies that are designed to protect such Person against, among other things, fluctuations in interest rates or currency exchange rates and which in the case of agreements relating to interest rates shall have a notional amount no greater than the payments due with respect to the applicable obligations being hedged and (ii) Commodity Trading Obligations. For the avoidance of doubt, such transactions shall be considered nonspeculative if undertaken in conformance with FE’s Corporate Risk Management Policy then in effect, as approved by FE’s Audit Committee, together with the Approved Business Unit Risk Management Policies referenced thereunder.

  • Permitted Swap Obligations means all obligations (contingent or otherwise) of Holdings or any Restricted Subsidiary existing or arising under Swap Contracts, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments or assets held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited hereunder, and not for purposes of speculation or taking a “market view”.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(d), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 10.04, and (c) increased as provided under Section 2.21. The amount of each Lender’s Revolving Facility Commitment on the Restatement Effective Date is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments is $875,000,000 on the Restatement Effective Date. After the Restatement Effective Date additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.