Obligated Group definition

Obligated Group means one or more entities that

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Obligated Group means the Obligated Group as defined in the Master Indenture.

Obligated Group means the Corporation, the other Members of the Obligated Group executing the Master Indenture on the date of original execution and delivery of the Master Indenture and any other Person which has fulfilled the requirements for entry into the Obligated Group set forth in Section 501 of the Master Indenture and which has not ceased such status pursuant to Section 502 of the Master Indenture.

Examples of Obligated Group in a sentence

• For each calculation date, the Obligated Group Schools will maintain Consolidated Days Cash on Hand as of the last day of each Fiscal Year equal to or greater than 45 days.

• Lessee covenants that it will not incur, assume or guarantee (“incur”) any Obligated Group School Indebtedness (secured or unsecured), except Obligated Group School Indebtedness with respect to purposes specifically benefiting Lessee, and except as provided below.

• Failure of any member of the Obligated Group to make any required payment with respect to indebtedness, which indebtedness is in an aggregate principal amount greater than 1% of total revenues for the most recent fiscal year.

• Obligated Group School Indebtedness consisting of leases for charter school facilities, the term of which do not exceed two years (including any term extension options), may be incurred without limitation.

• No later than two Business Days after the end of the 15- day objection period, the Master Trustee is required to notify the Obligated Group Representative of the number of objections.

More Definitions of Obligated Group

Obligated Group and “Obligated Group Parties” shall mean, collectively, (a) Borrower, (b) L▇ ▇▇▇▇▇▇, (c) PBC, (d) Tejas, (e) Boulder, (f) BN Foods, and (g) R▇▇▇▇ (each, individually, an “Obligated Group Party”).

Obligated Group means a group of entities that have

Obligated Group means the Obligated Group established under (and as defined in) the Master Indenture, as membership in such Obligated Group may be modified from time to time.

Obligated Group means, collectively, the Members of the Obligated Group.

Obligated Group means, the Borrower, as the initial member of the Obligated Group under the Master Indenture.

Obligated Group means Edgemere and SQLC.

Obligated Group means all Members, which does not include the Obligated Group Representative.