Original Obligation definition

Original Obligation has the meaning specified in the definition of “Contingent Residual Support Agreements”.
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Original Obligation means my previous agreement to pay you money (referred to above by Loan Number and original date), and any related agreements such as a security agreement.
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Original Obligation has the meaning set forth in Recital A, plus any additional loans or other obligations incurred by Borrower to Lender pursuant to the Original Loan Documents, and any additions thereto or modifications thereof.
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Examples of Original Obligation in a sentence

  • Any such set-off will automatically satisfy and discharge the Original Obligation to Customer and, if the Original Obligation exceeds the sum or obligation to be set-off against, the Original Obligation will be novated and replaced by an obligation to pay Customer only the excess of the Original Obligation over such sum or obligation.

  • In connection with the Original Loan Agreement, Borrower executed, among other instruments, a [NAME OF PREVIOUS NOTE], dated , , in the principal amount of the Original Obligation (the "Original Note").

  • Part III: Implementation Schedule for Capital Fund Financing ProgramPHA Name:Federal FFY of Grant:Development Number Name/PHA-WideActivitiesAll Fund Obligated (Quarter Ending Date)All Funds Expended (Quarter Ending Date)Reasons for Revised Target Dates 1 Original Obligation EndDateActual Obligation End DateOriginal Expenditure End DateActual Expenditure End Date 1 Obligation and expenditure end dated can only be revised with HUD approval pursuant to Section 9j of the U.S. Housing Act of 1937, as amended.

  • Any such setoff shall automatically satisfy and discharge the Original Obligation to Y and, if the Original Obligation exceeds the sum or obligation to be set off against, the Original Obligation shall be novated and replaced by an obligation to pay to Y only the excess of the Original Obligation over such sum or obligation.

  • Any such setoff shall automatically satisfy and discharge the Original Obligation and the obligation so set off and, if the Original Obligation exceeds the sum or obligation to be set off against, the Original Obligation shall be novated and replaced by an obligation to pay Y only the excess of the Original Obligation over such sum or obligation.

  • Borrower previously borrowed from Lender the principal amount of $ (the "Original Obligation") pursuant to a [NAME OF PREVIOUS LOAN AGREEMENT] dated , among (the "Original Loan Agreement").

  • Part III: Implementation Schedule for Capital Fund Financing ProgramPHA Name:Federal FFY of Grant:Development NumberName/PHA-Wide ActivitiesAll Fund Obligated (Quarter Ending Date)All Funds Expended (Quarter Ending Date)Reasons for Revised Target Dates 1 Original Obligation End DateActual Obligation End DateOriginal Expenditure End DateActual Expenditure End Date 1 Obligation and expenditure end dated can only be revised with HUD approval pursuant to Section 9j of the U.S. Housing Act of 1937, as amended.

  • Any such set off shall automatically satisfy and discharge or reduce the Original Obligation to Y.

  • The Advances to be made under the Loan shall constitute Borrower's Original Obligation to Bank for purposes of this Agreement.

  • For the purpose of Section 147(b) of the Code, the “average reasonably expected economic life” of the portion of the Financed Facility financed with proceeds of the Original Obligation was determined as follows: the average economic life of that portion of the Financed Facility as of the issue date of the Original Obligation was first multiplied by 120%, then reduced by the number of years elapsed from the issue date of the Original Obligation to the Issue Date.


More Definitions of Original Obligation

Original Obligation and “Original Obligations” have the meaning specified in Section 9.21.
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Original Obligation means that portion of a series of bonds or other evidence of indebtedness, including without limitation notes, commercial paper, capital leases, or any other obligations issued or incurred to finance the Project Cost of the District Wastewater Management Facilities.
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Original Obligation. This Loan Revision Agreement refers to the loan evidenced by the above Note dated September 24, 2004 in favor of Bank executed by Kinergy Marketing LLC in the amount of $2,000,000.00 payable in full on October 05, 2005 [ ] Said Note is secured by a Deed of Trust dated N/A (hereinafter referred to as the "Encumbrance", recorded on N/A as Instrument No. N/A in the Office of County Recorder of N/A County California.
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Original Obligation has the meaning specified in the definition of Contingent Residual Indemnity Agreement.
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Original Obligation means, collectively, the Series 2001C Obligation and the Series 2002A Obligation which were the first debt obligations providing financing for the Financed Facility.
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Original Obligation means the City’s $3,500,000 Industrial Development Revenue Bond (Nebraska School Activities Association Project), Series 2007 issued on July 17, 2007, which was the first issue of Qualified 501(c)(3) Bonds that financed or refinanced a portion of the Financed Facility.
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Related to Original Obligation

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

  • Additional Obligations as defined in the Base Intercreditor Agreement.

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

  • Original Obligor means an Original Borrower or an Original Guarantor.

  • Additional First Lien Obligations means any Indebtedness having Pari Passu Lien Priority relative to the Notes with respect to all or a portion of the Collateral whose Authorized Representative has executed a joinder to the First Lien Intercreditor Agreement.

  • 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.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Additional Obligor means an Additional Borrower or an Additional Guarantor.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Senior Secured Credit Facility means the Loan and Security Agreement, dated as of May 31, 2017 by and among the Company and Western Alliance Bank (as amended, amended and restated, supplemented or otherwise modified from time to time, subject to the limitations herein).

  • Other First Lien Obligations means (a) the due and punctual payment by any Pledgor of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of such Pledgor to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding), (b) the due and punctual performance of all other obligations of such Pledgor under or pursuant to any Other First Lien Agreement, and (c) the due and punctual payment and performance of all the obligations of each other Pledgor under or pursuant to any Other First Lien Agreement. Notwithstanding the foregoing, for all purposes of the Credit Agreement Documents and any Other First Lien Agreements, any Guarantee of, or grant of a Lien to secure, any obligations in respect of a Hedging Agreement by a Pledgor shall not include any Excluded Swap Obligations.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) which is subordinate or junior in right of payment to the Securities pursuant to a written agreement.

  • Term Obligations shall have the meaning assigned that term in the Intercreditor Agreement.

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of trust certificates or other instruments intended to be issued in compliance with the principles of Shari'ah, whether or not in return for consideration of any kind.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Parity Obligation means any instrument or other obligation issued or entered into by the Issuer that constitutes or qualifies as Additional Tier 1 Capital (or its equivalent) under applicable Capital Regulations or any instrument or other obligation issued, entered into, or guaranteed by the Issuer that ranks or is expressed to rank pari passu with the Capital Securities by operation of law or contract, which for the avoidance of doubt, excludes any Junior Obligations of the Issuer.

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