Initial Obligations definition

Initial Obligations has the meaning given such term in section 1.3.
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Initial Obligations any Senior Lien Obligations issued, from time to time, in an aggregate principal amount not to exceed $150,000,000 pursuant to the First Supplemental Agreement. "Insolvency Laws" – the United States Bankruptcy Code, 11 U.S.C. §101 et seq., as from time to time amended and in effect, and any state bankruptcy, insolvency, receivership, liquidation, reorganization or similar law now or hereafter in effect. "Interest Accounts" – collectively, the Senior Lien Interest Account, the Subordinate Lien Interest Account or any interest accounts as may be created pursuant to Section 211 for the issuance of Inferior Lien Obligations. "Letter of Representations" – the letter of representations or similar document executed by the Corporation and delivered to the Securities Depository (and any amendments thereto or successor agreements) for one or more Series of Book-Entry Obligations.
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Initial Obligations the Obligations under and in respect of the Initial Credit Facility.
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Examples of Initial Obligations in a sentence

  • This Settlement Agreement will take effect as to all Parties on the Effective Date in accordance with section 1.4.1, and will take effect with respect to the Initial Obligations applicable to all Parties other than BPA in accordance with section 1.2. This Settlement Agreement will expire upon the expiration of Fiscal Year 2028.

  • When used in this Section, the following terms have the following meanings: Closing Date shall mean the date of physical delivery of the Initial Obligations in exchange for the payment in full by the Purchasers.

  • Ofcom, ‘‘Online Infringement of Copyright: Implementation of the Online Infringement of Copyright (Initial Obligations) (Sharing of Costs) Order 2012’’ Accessed 15 April 2015.

  • Caution, Fragile!Do not throw the machine and do not transport it without securing it onto the load area.

  • If bond insurance is obtained by the Issuer or the Purchasers for the Obligations, the definitive Obligations and the Initial Obligations shall bear an appropriate legend as provided by the insurer.

  • Public library responses to the Initial Obligations Code all raised concerns about how libraries providing internet access will be classified for the purposes of The Act[2].

  • The Cumulative Lists are in- tended to identify, on a year-by-year ba- sis, all changes in the qualification require- ments resulting from changes in statutes, or from regulations or other guidance pub- lished in the Internal Revenue Bulletin that are required to be taken into account in the written plan document.

  • See OFCOM, 'Online Infringement of Copyrights and the Digital Economy Act 2010: Draft Initial Obligations Code', (London: Ofcom, 2010) at <http:// stakeholders.ofcom.org.uk/binaries/consultations/copyright-infringement/summary/condoc.pdf> Accessed 24 November 2012.

  • Digital Economy Act 2010 Section 13, see in particular Section 13 6(a) and Section 13 6(b); see also Electronic Communications - The Online Infringement of Copyright (Initial Obligations Code) Order 20XX Section 25.

  • The competent supervising authority, the UK Office of Communications (OFCOM), issued in June 2012 a consultation document regarding the "Initial Obligations Code and still has not received parliamentary consent, technical measures are to be brought in under another code as well.


More Definitions of Initial Obligations

Initial Obligations means (i) the Initial Senior Obligations and (ii) the Bond Anticipation Obligations to be issued under the Indenture on or about December 20, 2013.
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Initial Obligations means: On the Tranche 1 Issue Date: Issuer: US Treasury ISIN: US912796LW78Maturity: 05 October 2017Principal Held: USD 500,683,200 subject to proportionate adjustment by the Calculation Agent as a consequence of any further issue pursuant to Condition 21 (Further Issues) or any reduction pursuant to Condition 9 (Purchase). (ii) If the Notes are to be extended in accordance with Additional Provision (3) (Maturity Extension), then on or prior to the relevant Maturity Date, the Calculation Agent shall on behalf of the Issuer, apply an amount equal to the cash credited to the Cash Deposit Account, minus the sum of (a) an amount equal to the Aggregate Non-Extending Redemption Amount relevant to such Maturity Date and (b) the Relevant Redemption Amount, to the purchase of91 Day T-Bills as auctioned by the U.S. Department of the Treasury (the “Further Obligations”), in each case in the auction (the “Treasury Auction”) falling on the auction date (the “Auction Date”) determined by the U.S. Department of the Treasury immediately preceding the relevant Maturity Date. Any Further Obligations purchased by the Calculation Agent in accordance with this sub-paragraph (ii) shall be credited to the Custodian Account and shall comprise Charged Assets. As used herein, the Initial Obligations and the Further Obligations are each “Obligations”. On the Tranche 2 Issue Date, the Charged Assets in respect of the Tranche 1 Notes and the Tranche 2 Notes shall comprise the following Obligations: Issuer: US Treasury ISIN: US912796LC15Maturity: 4 January 2018Principal Held: USD 509,075,400 subject to proportionate adjustment by the Calculation Agent as a consequence of any further issue pursuant to Condition 21 (Further Issues) or any reduction pursuant to Condition 9 (Purchase). (iii) If any Obligations are borrowed by the Securities Lending Counterparty from the Issuer pursuant to the Securities Lending Agreement, any Collateral (as defined in the Securities Lending Agreement) delivered to or, as the case may be, deposited with the Issuer and standing to the credit of the relevant Custody Account (as defined in paragraph 33 below) shall comprise Charged Assets in respect of this Series of Notes until such time as Equivalent Collateral (as defined in the Securities Lending Agreement) is required to be repaid or delivered by the Issuer to the Securities Lending Counterparty pursuant to the Securities Lending Agreement and all references to Charged Assets in the Conditions (except to t...
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Related to Initial Obligations

  • Material Obligation means the material obligations of a party under the Technology Agreement, the Development Agreement or the Manufacturing and Marketing Agreement.

  • Financial Obligation means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term Financial Obligation shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.

  • Principal Obligations means the aggregate outstanding principal amount of the Loans.

  • Material Financial Obligations means any Debt and/or Derivatives Obligation of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, the principal or face amount (with respect to Debt) or Settlement Amount (with respect to Derivatives Obligations, after giving effect to any netting arrangements) of which exceeds in the aggregate $100,000,000.

  • Legal financial obligation means a sum of money that is

  • Obligations means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness.

  • Original Obligations means the “Obligations” as defined in the Original Credit Agreement.

  • Additional Obligations as defined in the Base Intercreditor Agreement.

  • Other Obligations means (a) the performance of all obligations of Borrower contained herein; (b) the performance of each obligation of Borrower contained in any other Loan Document; and (c) the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Agreement, the Note or any other Loan Document.

  • Municipal Obligations means "Municipal Obligations" as defined in the Fund's registration statement on Form N-2 on file with the Securities and Exchange Commission, as such registration statement may be amended from time to time (the "Registration Statement").

  • Special Obligor has the meaning set forth in the definition of Concentration Percentage.

  • Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

  • Initial Observation Date means the Initial Observation Date as specified in § 1 of the Product and Underlying Data. If the Initial Observation Date is not a Calculation Date, the immediately following day, which is a Calculation Date shall be the Initial Observation Date.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • Municipal Obligation means municipal securities as described in the prospectus or other offering document for a Series.

  • 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.

  • Subordinated Liabilities means liabilities subordinated to Borrower’s obligations to Lender in a manner acceptable to Lender in its sole discretion.

  • U.S. Obligations means securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are (i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged, and (ii) not subject to prepayment, call or early redemption.

  • Additional Senior Debt Documents means, with respect to any series, issue or class of Additional Senior Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Senior Collateral Documents.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Monetary Obligations means Rent and all other sums payable by Tenant under this Lease to Landlord, to any third party on behalf of Landlord or to any Indemnitee.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Parallel Obligations means the independent obligations of any of the Grantors arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Grantor to the other Secured Parties (or any of them) under the Credit Documents.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.