Parity Reimbursement Obligation definition

Parity Reimbursement Obligation means a Reimbursement Obligation, the payment of which is secured by a pledge of, and a lien on, Revenues, Other Moneys and amounts on deposit in the FGR Subordinated Indebtedness Fund on a parity with the lien created by Section 501 of the Second Resolution.
Parity Reimbursement Obligation means a Reimbursement Obligation the payment of which is secured by a pledge of, and a lien on, Revenues on a parity with the lien created by Section 501(a) or Section 501(b) hereof.
Parity Reimbursement Obligation means an obligation of the I-Bank to: (i) reimburse the Provider of a Credit Facility or Liquidity Facility for money advanced thereunder for the payment of the principal, Redemption Price or purchase price of Bonds, including interest on the money so advanced, or (ii) make Hedge Agreement Payments (other than Termination Payments), whether or not such obligation is evidenced by a note, bond or other evidence of indebtedness, but which is secured by a security interest in, pledge of and lien on the Trust Estate on a parity with the lien created hereby and by an applicable Supplemental Indenture for the payment of the Senior Bonds to which such Credit Facility, Liquidity Facility, or Hedge Agreement relates.

Examples of Parity Reimbursement Obligation in a sentence

  • A Parity Reimbursement Obligation shall be deemed to be a part of the Series of Bonds to which the Credit Facility or Liquidity Facility which gave rise to such Parity Reimbursement Obligation relates.

  • A Parity Reimbursement Obligation shall be deemed to be a part of the Series of Bonds to which the Credit Facility, Liquidity Facility or Hedge A eement which gave rise to such Parity Reimbursement Obligation relates.

  • Any Parity Reimbursement Obligation shall be deemed to be a part of the Related Series.

  • Any Reimbursement Obligation may be a Parity Reimbursement Obligation secured by a pledge of and a lien on the Trust Estate on a parity with the lien created hereby.

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More Definitions of Parity Reimbursement Obligation

Parity Reimbursement Obligation means a Reimbursement Obligation secured by a pledge of, and a lien on, the trust estate established by the granting clauses of the Bond Resolution on a parity with the lien securing the Parity Bonds, but only to the extent principal amortization requirements with respect to such reimbursement are equal to the amortization requirement for the related Bonds, without acceleration (unless either a Cash Flow Statement is delivered at the time of execution of the Credit Facility incorporating a different principal amortization schedule with respect to such Parity Reimbursement Obligation or the effectiveness of such different amortization schedule is conditioned on the delivery of such Cash Flow Statement), as determined by the Administration in the applicable Series Resolution or Supplemental Resolution. Parity Reimbursement Obligations shall not include any payments of any fees, expenses, indemnification, or other obligations to any such issuer, or any payments pursuant to term-loan or other principal amortization requirements in reimbursement of any such advance that are more accelerated than the amortization requirements on such related Bonds, which accelerated payments shall be Subordinated Contract Obligations.
Parity Reimbursement Obligation means any payment or reimbursement obligation
Parity Reimbursement Obligation means the obligations of the Authority to reimburse the issuer of an Additional Security for amounts paid by such issuer thereunder, which obligation is secured by a pledge of, and lien on, Available Revenues on a parity with the lien created by the Resolution.
Parity Reimbursement Obligation means an obligation of the Authority to directly reimburse the Provider of a Credit Facility or Liquidity Facility for Provider Payments made pursuant to the Credit Facility or Liquidity Facility issued by it, including interest thereon, whether or not such obligation is evidenced by a promissory note or other similar obligation, which is secured by a pledge of or lien upon the Revenues and the Funds and Accounts that is on a parity with the lien thereon created by the Fifth General Resolution;
Parity Reimbursement Obligation means an obligation of the Corporation to pay or reimburse the Provider of a Credit Facility or Liquidity Facility for amounts paid thereunder, including interest thereon, whether or not such obligation is evidenced by a note, bond or similar instrument, but which is secured by a security interest in, pledge of and lien on the Trust Estate on a parity with the lien created by the Indenture for the payment of the Bonds of the Priority to which such Credit Facility or Liquidity Facility relates.
Parity Reimbursement Obligation means an obligation of the Corporation to pay or reimburse the Provider of a Credit Facility or Liquidity Facility for amounts paid thereunder, including interest thereon, whether or not such obligation is evidenced by a note, bond or similar instrument, but which is secured by a security interest in, pledge of and lien on the Trust Estate on a parity with the lien created hereby for the payment of the Bonds of the Priority to which such Credit Facility or Liquidity Facility relates.
Parity Reimbursement Obligation means a Reimbursement Obligation the payment of which is secured by a pledge of and a lien on collateral and revenues securing a Series.