Equivalent Obligations definition
Equivalent Obligations means any Obligations that are issued in fungible form and that share common terms and conditions.
Equivalent Obligations means, in respect of any Obligations which are issued in fungible form, all Obligations that are fungible with one another and which share common terms and conditions.
Equivalent Obligations means any Obligations that are issued in fungible form and that share common terms and conditions;
Examples of Equivalent Obligations in a sentence
Notwithstanding anything herein to the contrary, if moneys or Government or Equivalent Obligations have been deposited or set aside with the Trustee pursuant to the provisions of this Section 204 and the principal of, premium, if any, and interest on the Bonds shall not, in fact, have been actually paid in full, no amendment to the provisions of this Section 204 will be made without the consent of the owner of each of the Bonds affected thereby.