Parity Payments definition

Parity Payments means all the Installment Payments and all other installment payments scheduled to be paid by the District under all Parity Obligations.

Examples of Parity Payments in a sentence

  • Water will be diverted from the burn into an intake via a weir and then flow down a buried pipeline into a powerhouse where it will power a turbine.

  • The term “Contracts” means and is limited to: (1) this Agreement and any amendments and supplements hereto; and (2) all contracts of the District hereto or hereafter authorized the Parity Payments with respect to which are payable from Net Revenues on a parity with the Refinancing Payments and which are secured by a pledge and lien on the Revenues as described in Section 5.01 hereof.

  • Parity Payments Date The term “Parity Payments Date” means the date on which any Parity Payments are due on Contracts or Bonds.

  • There are currently no other payments owed by the District that constitute Parity Payments.

  • Parity Payments The term “Parity Payments” means all installment payments and other debt service payments scheduled to be paid by the District under all Contracts or Bonds.

  • Balloon Installment Payments The term “Balloon Installment Payments” means any Parity Payments designated as such in any Balloon Contract.


More Definitions of Parity Payments

Related to Parity Payments

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Realized Losses means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.