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 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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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.

  • Researchers may strategically highlight the predicament of detained asylum seekers by documenting mental health impacts of detention and critiquing detention policy and practice.4 Such findings are vital to discussion about policy reform and better practice.

  • 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.

  • The Act was initially due to be implemented by an Initial Obligations Code authored by Ofcom in late 2010, but has met with delay due to overwhelming academic and industry criticism that has culminated in a judicial review initiated by internet service providers (ISPs) TalkTalk and BT.

  • Each Stated Maturity of the Obligations shall be issued (following cancellation of the Initial Obligations described in Section 7) in the form of a separate single definitive Obligation.

  • Conditions to the Issuer's Initial Obligations...................................................

  • In addition to stipulating the conditions for approval of a Code about the initial obligations[40] and establishing of the Code itself along with provisions relating to the jurisdiction and function of Ofcom to adapt to this [41], the contents of the Initial Obligations Code are specified.

  • 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.

  • The OFCOM Draft Initial Obligations Code states that in order for a rights holder to enact the notification process it must have provided estimates of the Copyright Infringement Reports it intends to make two months prior to the beginning of the notification period.9 The ISPs will then have an additional month in which to notify the subscriber under s.3(5) DEA 2010.


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 the Obligations under and in respect of the Initial Credit Facility.
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Related to Initial Obligations

  • Material Obligation means an obligation of the Recipient that is material to this transaction.

  • 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, as of any date of determination, the sum of (a) the aggregate outstanding principal amount of the Loans as of such date plus (b) the aggregate Letter of Credit Liability as of such date.

  • Material Financial Obligations means a principal or face amount of Debt (other than (i) the Loans and (ii) Non-recourse Debt) and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $150,000,000.

  • 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 Bonds as described in the Offering Memorandum.

  • 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.

  • 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 have the meaning assigned that term in the Intercreditor Agreement.

  • 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 the Borrower's obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • 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.

  • Compliance Obligations means obligations of the AMC to comply with: (a) laws or international guidance and internal policies or procedures, (b) any demand or request from authorities or reporting, disclosure or other obligations under laws, and (c) laws requiring us to verify the identity of our customers.