Examples of Initial Obligation in a sentence

Thirty (30) days following the Distribution Date, Indemnitor shall pay to Indemnitee the Estimated Initial Obligation; provided, that, in the event that the Estimated Initial Obligation exceeds the Initial Cap, Indemnitor shall pay to Indemnitee an amount equal to the Initial Cap.
Each Stated Maturity of the Obligations shall be issued (following cancellation of the Initial Obligation described in Section 7) in the form of a separate single definitive Obligation.
When used in this Section, the following terms have the following meanings: Closing Date shall mean the date of physical delivery of the Initial Obligation in exchange for the payment in full by the Purchasers.
The definitive Obligations shall be printed, lithographed, or engraved, produced by any combination of these methods, or produced in any other similar manner, all as determined by the officers executing the Obligations as evidenced by their execution thereof, but the Initial Obligation submitted to the Attorney General of the State of Texas may be typewritten or photocopied or otherwise reproduced.
The Initial Obligation shall be the Obligations submitted to the Office of the Attorney General of the State of Texas for approval, certified and registered by the Office of the Comptroller of Public Accounts of the State of Texas and delivered to the Purchasers.

More Definitions of Initial Obligation

Initial Obligation means an amount equal to (i) 90% of Losses incurred by Payee Parties in respect of (A) Environmental Claims, (B) US Bendix Claims and (C) Ex-US Bendix Claims, in each case, incurred during the Initial Period, less (ii) 90% of (A) Environmental Insurance Receipts, (B) Affirmative Environmental Litigation Proceeds, (C) US Bendix Insurance Receipts, (D) Ex-US Bendix Insurance Receipts, (E) Co-Contributions Proceeds and (F) Property Sales Proceeds, in the case of (A), (B), (C), (D) and (E), in respect of Losses incurred during the Initial Period, and in the case of (F), in respect of property sales consummated during the Initial Period, plus (iii) any Disallowance Payment calculated as of the last day of the Initial Period.

Initial Obligation means the subordinated obligation of the Bank acquired by the Company using the proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means an amount equal to (i) 90% of Losses incurred by Payee Parties in respect of (A) Environmental Claims,(B) US Bendix Claims and (C) Ex-US Bendix Claims, in each case, incurred during the Initial Period, less (ii) 90% of (A) Environmental Insurance Receipts, (B) Affirmative Environmental Litigation Proceeds, (C) US Bendix Insurance Receipts, (D) Ex-US Bendix Insurance Receipts,(E) Co-Contributions Proceeds and (F) Property Sales Proceeds, in the case of (A), (B), (C), (D) and (E), in respect of Losses incurred during the Initial Period, and in the case of (F), in respect of property sales consummated during the Initial Period, plus (iii) any Disallowance Payment calculated as of the last day of the Initial Period.

Initial Obligation means the U.S.$1,100,000,025 8.05% perpetual subordinated note of the Bank, acquired by the Company using proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means the €[nominal plus €1,000] [•]% subordinated note of the Bank, acquired by the Company using proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means subordinated obligations of the Bank acquired by the Company using the proceeds from the issuance of the Company Capital Securities and the Company Common Security.

Initial Obligation means subordinated obligations of the Bank, acting through the Branch, acquired by the Company using the proceeds from the issuance of the Class B Preferred Securities, the Class A Preferred Security and the Company Common Security.