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.

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.

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.
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.
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").
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").
Any such set-off will automatically satisfy and discharge the Original Obligation to the 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 the Customer only the excess of the Original Obligation over such sum or obligation.
The Advances to be made under the Loan shall constitute Borrower's Original Obligation to Bank for purposes of this Agreement.
At least 85% of the net sale proceeds of the Original Obligation (the sale proceeds of the Original Obligation less any sale proceeds invested in a reserve fund) were used to carry out the governmental purpose of the Original Obligation within 3 years after the issue date of such obligations, and not more than 50% of the proceeds of the Original Obligation were invested in investments having a substantially guaranteed yield for 4 years or more.
Each Guarantor hereby waives any legal requirements that AmEx make any demand upon, or institute any action or proceedings at law or in equity against, the Company or any other person or entity in respect of any Original Obligation, or resort to or seek to realize upon any security held by AmEx against the Original Obligations, as a condition precedent to bringing an action against such Guarantor upon this Guaranty.
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.

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.

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.

Original Obligation has the meaning specified in the definition of Contingent Residual Indemnity Agreement.

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.

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.