Other Obligated Person definition

Other Obligated Person means a Person that is a mortgagor with respect to at least 20% in aggregate principal amount of the Mortgage Loans held under the Indenture.
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Other Obligated Person means any Political Subdivision (as defined in the General Bond Resolution) which has entered into one or more Loan Agreements (as defined in the General Bond Resolution) with the Authority under the General Bond Resolution, the aggregate outstanding principal balance of which equals or exceeds 20% of the aggregate outstanding principal amount of Capital Financing Program Bonds; provided that any such Political Subdivision shall no longer be an Other Obligated Person on such date, if any, as the aggregate principal balance under Loan Agreements of such Political Subdivision under the General Bond Resolution are less than 20% of the then aggregate outstanding principal amount of Capital Financing Program Bonds.
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Examples of Other Obligated Person in a sentence

  • The Board agrees not to permit the assumption of any Mortgage Loan that would cause any Person to become an Other Obligated Person.

  • Based upon the objective criteria specified in the definition of Other Obligated Person, the Board concludes that no Borrower eligible to participate in the Program would be an Other Obligated Person.

  • The Governing Board of the Department agrees not to permit the assumption of any Mortgage Loan that would cause any Person to become an Other Obligated Person.

  • The Governing Board of the Department hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the Series 2019A Bonds had such Person been known at the time of the offering thereof.

  • The Board hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the Series 2021A Bonds had such Person been known at the time of the offering thereof.

  • The Board hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the 2020 Series A Bonds had such Person been known at the time of the offering thereof.

  • The Board hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the Series 2022A Bonds had such Person been known at the time of the offering thereof.

  • Based upon the objective criteria specified in the definition of Other Obligated Person, the Governing Board of the Department concludes that no Borrower eligible to participate in the Program would be an Other Obligated Person.

  • The Board hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the 2022 Series B Bonds had such Person been known at the time of the offering thereof.

  • The Board hereby determines that an Other Obligated Person would be an “obligated person” (as defined in Rule 15c2-12 (the “Rule”)), for whom financial information and operating data would be presented in any final official statement relating to the 2022 Series A Bonds had such Person been known at the time of the offering thereof.

Related to Other Obligated Person

  • Obligated Person means any person, including the Issuer, who is either generally or through an enterprise, fund, or account of such person committed by contract or other arrangement to support payment of all, or part of the obligations on the Bonds (other than providers of municipal bond insurance, letters of credit, or other liquidity facilities), as shown on Exhibit A.

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • Unrelated Person means any Person other than (i) a Subsidiary of Borrower or (ii) an employee stock ownership plan or other employee benefit plan covering the employees of Borrower and its Subsidiaries.

  • Controlled Affiliate means any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • Obligated Entity means a person or entity that sells electrical energy to end-use

  • Permitted Person shall have the meaning set forth in the definition of “Change of Control.”

  • Designated Person means a person or entity:

  • Restricted Person shall have the meaning assigned to such term in Section 6.9(i).

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • 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.

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • regulated person means a person whose collection activities are confined and are directly related to the operation of a business other than that of a collection agency including any of the following:

  • Parent Related Party means Parent, Merger Sub, the Lender (as defined below), or any of their respective former, current and future general or limited partners, shareholders, financing sources, managers, members, agents, directors, officers, employees or Affiliates (excluding any Company Related Party).

  • Connected Person in relation to a company, means:

  • Buyer Group Member means Buyer and its Affiliates and their respective successors and assigns.

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Company Related Party means the Company and its Subsidiaries and any of their respective former, current and future officers, employees, directors, partners, shareholders, management members or Affiliates (excluding any Parent Related Party).

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Specified Affiliate is any Person (a) more than ten percent (10.0%) of whose aggregate issued and outstanding equity or ownership securities or interests, voting, non-voting or both, are owned or held directly or indirectly, beneficially or of record, by Borrower, and/or (b) whose equity or ownership securities or interests representing more than ten percent (10.0%) of such Person’s total outstanding combined voting power are owned or held directly or indirectly, beneficially or of record, by Borrower.

  • Nominated Person means a person who is a member, or a member and Officer, of the Association

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Related Person means, with respect to any specified Person, such Person’s Affiliates, and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such Person and its Affiliates.

  • Related Party means, with respect to the Sponsor, any direct or indirect wholly owned subsidiary of the Sponsor or any other Person that owns, directly or indirectly, 100% of the outstanding voting securities of the Sponsor.

  • Lender-Related Person means, with respect to any Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents.

  • Represented person means the principal, beneficiary, partnership, corporation, or other person to whom the duty stated in subdivision (a) is owned.