Equivalent Obligations definition

Equivalent Obligations means any Obligations that are issued in fungible form and that share common terms and conditions.
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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.
Sample 1Sample 2Sample 3

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.

  • CPEOs: Convertible Preferred Equivalent Obligations due 2006 of the Company.

  • All amounts received by the Paying Agent under a Credit Facility shall be held in a fund (the “Credit Facility Account”) by the Paying Agent, separate and apart from all other amounts held by the Paying Agent and amounts in the Credit Facility Account shall remain uninvested or shall be invested in Government or Equivalent Obligations, maturing within thirty (30) days or the date that such amounts are required to be applied in accordance with the Agreement, whichever is earlier.

  • SALE OF REDEEMABLE PREFERRED PARTNERSHIP INTERESTS On March 6, 1996 and April 3, 1996, GTL purchased 4,615,385 and 153,845 redeemable preferred partnership interests ("RPPIs"), respectively, in Globalstar using the net proceeds of $299,500,000 from GTL's sale of its Convertible Preferred Equivalent Obligations (the "CPEOs").

Related to Equivalent Obligations

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • 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.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.