Member of the Obligated Group definition

Member of the Obligated Group means each Person that is a Member of the Obligated Group on the date of original execution and delivery of the Master Indenture, and each Person that subsequent to the date of the Master Indenture becomes a Member of the Obligated Group pursuant to the terms of the Master Indenture, and their successors and assigns, unless any such Person has withdrawn from the Obligated Group pursuant to the terms of the Master Indenture.
Sample 1Sample 2Sample 3
Member of the Obligated Group has the meaning set forth in the Capital Obligation Document.
Sample 1
Member of the Obligated Group has the meaning set forth in the Master Trust Indenture.
Sample 1

Examples of Member of the Obligated Group in a sentence

  • All covenants below are applicable to each Member of the Obligated Group.

  • Each Member of the Obligated Group has agreed not to incur Additional Indebtedness or enter into any Guaranty unless authorized by various provisions set out in the Master Indenture.

  • Each Member of the Obligated Group pledges to deposit all revenues, income, receipts and money received into a Gross Revenue Fund over which the Master Trustee has a blocked account agreement for the benefit of each bond trustee and parity lender.Negative Pledge Against Prior Liens.

  • The Obligated Group has agreed not to consolidate or merge with any corporation which is not a Member of the Obligated Group or acquire substantially all of the assets of an entity not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.

  • Each Member of the Obligated Group has agreed not to merge or consolidate with any entity which is not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.

  • Each Member of the Obligated Group has pledged to deposit all of its Gross Revenues into a Gross Revenue Fund.

  • Each Member of the Obligated Group has agreed not to consolidate or merge with any corporation which is not a Member of the Obligated Group or acquire substantially all of the assets of an entity not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.

  • One of the controlled corporations, San Joaquin Community Hospital, is a Limited Member of the Obligated Group and does not make payments on the debt attributed to its acquisition by AHS/W.

  • The bonds are secured solely by funds and accounts held under the Bond Indenture (excluding the Rebate Fund) and any other property delivered as security under the Bond Indenture.On December 13, 2017, the District, as the sole Member of the Obligated Group delivered to the Bond Trustee, the Series 2017B Bonds (North Broward Hospital District Revenue Bonds, Series 2017B).

  • However, South Coast Medical Center remains a Member of the Obligated Group and continues to operate its hospital facility.


More Definitions of Member of the Obligated Group

Member of the Obligated Group or "Member" means, initially, the Borrower, and, thereafter, any Person which shall become a Member of the Obligated Group and not including any Person which shall have withdrawn from the Obligated Group.
Sample 1
Member of the Obligated Group or “Member” shall mean (i) the Institution, (ii) East Longmeadow Management Systems, Inc., (iii)Danvers Management Systems, Inc., (iv) Peabody Management Systems, Inc.,
Sample 1
Member of the Obligated Group means, initially, the Corporation and, thereafter, any Person which shall become a Member of the Obligated Group in accordance with Section 3.11 of
Sample 1
Member of the Obligated Group means, initially, the Corporation and, thereafter, any Person which shall become a Member of the Obligated Group in accordance with Section 3.11 of this Indenture excluding any Person which shall have withdrawn from the Obligated Group in accordance with Section 3.12 of this Indenture.
Sample 1
Member of the Obligated Group means those members of the obligated group, from time to time, that are parties to the Master Indenture.
Sample 1

Related to Member of the Obligated Group

  • Member of the Group means any one of them.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Member of the clergy means a clergyman or practitioner of any religious denomination accredited by the religious body to which he or she belongs.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Member Nonrecourse Debt has the meaning of “partner nonrecourse debt” set forth in Treasury Regulations Section 1.704-2(b)(4).

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • Member of the family shall have the meaning prescribed by Code Section 529(e)(2), and shall mean any individual who bears one of the following relationships to the beneficiary:

  • Member of the Immediate Family means, with respect to any Person who is an individual, (a) each parent, spouse (but not including a former spouse or a spouse from whom such Person is legally separated) or child (including those adopted) of such individual and (b) each trustee, solely in his or her capacity as trustee, for a trust naming only one or more of the Persons listed in sub-clause (a) as beneficiaries.

  • Member of the Service means a person appointed in a substantive capacity under the provisions of these rules and orders/rules in force previous to the commencement of these rules, to a post in the cadre of the service.

  • member of the work-related activity group means a person who has or is treated as having limited capability for work under either—

  • Permitted Group means any group of investors that is deemed to be a "person" (as that term is used in Section 13(d)(3) of the Exchange Act), by virtue of the Stockholders Agreement, as the same may be amended, modified or supplemented from time to time; provided that no single Person (other than the Principals and their Related Parties) Beneficially Owns (together with its Affiliates) more of the Voting Stock of the Company that is Beneficially Owned by such group of investors than is then collectively Beneficially Owned by the Principals and their Related Parties in the aggregate.

  • Minority Group means any of the following racial or ethnic groups:

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Member of the immediate family of the producer means a person who is related to a producer described in Subsection 59-12-104(20)(a) as a:

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Member of the public means any individual except when that individual is receiving an occupational dose.

  • Member of the household means any person who resides with the public official.

  • Restricted Group means, collectively the Company, its subsidiaries, the members of the Sponsor Group and their respective Affiliates.

  • Traditional member of the National Guard or federal reserves means an active member of the Selected Reserve subject to mobilization and deployment for which he or she attends monthly and annual training periods.

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Limited Recourse Indebtedness means Indebtedness incurred by the Parent Guarantor or any Subsidiary to finance the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, provided that, as specified in the terms of such Limited Recourse Indebtedness:

  • Nonrecourse Indebtedness means, with respect to a Person, Indebtedness for borrowed money in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, voluntary bankruptcy, collusive involuntary bankruptcy and other similar customary exceptions to nonrecourse liability) is contractually limited to specific assets of such Person encumbered by a Lien securing such Indebtedness.

  • Member of the University Community means any person who is a volunteer including high school students, an enrolled student, faculty or staff member, University official, any other person employed by the University or campus visitors.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.