Examples of Financial Products Payments in a sentence
The District further covenants that it shall promptly cause to be made all payments required pursuant to any Credit Facility Obligation in accordance with the terms of any such Credit Facility Obligation and to make all Financial Products Payments and Financial Products Termination Payments, if any, in accordance with the terms of any Financial Products Agreement.
Notwithstanding the foregoing, however, that portion of the Pledged Revenues that consists of moneys in the Bond Fund and the Costs of Issuance Fund shall secure only the Bonds, any Parity Credit Facility Obligations relating to the Bonds, and any Financial Products Payments pursuant to Parity Financial Products Agreements relating to the Bonds.
After the Debt Service Requirements of all Outstanding Bonds shall have been paid or provided for, and all payments required by any Credit Facility Obligations relating to the Bonds and all Financial Products Payments due and owing pursuant to any Financial Products Agreement relating to the Bonds have been paid or provided for, the surplus, if any, shall be paid to the District or the Persons lawfully entitled to receive the same as a court of competent jurisdiction may direct.
Parity Financial Products Agreement means any Financial Products Agreement pursuant to which Financial Products Payments are payable from a lien on all or a portion of the Pledged Revenues on a parity with the Bonds.
Moneys on deposit in the 2022A Bond Account shall secure only the 2022A Bonds, any Parity Credit Facility Obligatio ns relating to the 2022A Bonds, and any Financial Products Payments pursuant to Parity Financia l Products Agreements relating to the 2022A Bonds.
The Bonds, any Parity Credit Facility Obligation related thereto, and any Financial Products Payments pursuant to any Parity Financial Product Agreement related thereto are and shall be special and limited obligations of the District equally secured by an irrevocable pledge of, and payable from, the Pledged Revenues.
Moneys on deposit in the 2021A Bond Account shall secure only the 2021A Bonds, any Parity Credit Facility Obligations relating to the 2021A Bonds, and any Financial Products Payments pursuant to Parity Financial Products Agreements relating to the 2021A Bonds.
In determining the amount of any Financial Products Payments or Financial Products Receipts on any interest rate swap, cap, floor, collar or other similar Financial Products Agreement with respect to Securities bearing interest at a fixed rate, such amount shall be the amount payable or receivable annually determined as of the date of issuance of the Securities as set forth in a certificate of the Chief Financial Officer.
Payments to CIBC: ---------------- Account for Payments: Chase Manhattan Bank, New York For the Account of: Canadian Imperial Bank of Commerce Account No.: 000-000-000 ABA No.: 000-000-000 Attention: Financial Products Payments to Counterparty: ------------------------ Account for Payments: Federal Reserve Bank of Boston For the Account of: Max Re Ltd.
Moneys on deposit in the 2022B Bond Account shall secure only the 2022B Bonds, any Parity Credit Facility Obligations relating to the 2022B Bonds, and any Financial Products Payments pursuant to Parity Financial Products Agreements relating to the 2022B Bonds.