Private Owner Obligations definition

Private Owner Obligations shall have the meaning given in Section 3.13. “Private Owner Pledged Account” shall mean a segregated trust or custodial account of the Private Owner established and maintained under the Custodial and Paying Agency Agreement (as the “Private Owner Pledged Account” defined therein) at a branch of the Paying Agent for the sole purpose of holding the Qualifying Cash Collateral, which account is and remains pledged to (and under the control of) the Initial Member (for itself and for the benefit of the Company and the Indemnified Parties) as collateral for the Private Owner Obligations.
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Private Owner Obligations means all duties, liabilities, and obligations of the Private Owner under or with respect to the LLC Operating Agreement and the Transaction Documents.
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Private Owner Obligations has the meaning given in the LLC Operating Agreement.
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Examples of Private Owner Obligations in a sentence

  • In any event, the Private Owner will remain liable for any deficiency in payment of the Private Owner Obligations.

  • In any event, the Private Owner shall remain liable for any deficiency in payment of the Private Owner Obligations.

  • The procedure describes how the sampling, testing and monitoring results are recorded and shared with the Owner, where applicable.

  • At the Put/Call Closing or a reasonable time thereafter, and so long as the Private Owner has duly paid and performed all its obligations with respect thereto and has paid all other outstanding Private Owner Obligations, any remaining such withheld distributions (not otherwise applied to amounts owing by the Private Owner) will be released to the Private Owner.

  • Upon indefeasible payment and performance in full of all of the Private Owner Obligations (following the dissolution of the Company), any remaining unapplied proceeds (from an exercise of remedies by the Initial Member against the rights of the Private Owner to the Secured Assets or any Qualifying Letter of Credit) so held by the Initial Member, shall be released to the Private Owner (or such other Person as may have applicable rights therein in accordance with applicable law).

  • The Initial Member shall have the right to apply any or all proceeds of the Secured Assets or any Qualifying Letter of Credit to payment of the Private Owner Obligations in such order, and with such priority as among any such Private Owner Obligations, as the Initial Member may determine in its sole discretion.

  • Upon indefeasible payment and performance in full of all of the Private Owner Obligations (following the dissolution of the Company), any remaining unapplied proceeds (from an exercise of remedies by the Initial Member against the rights of the Private Owner to the Secured Assets or any Qualifying Letter of Credit) so held by the Initial Member, shall be released to the Private Owner (or such other Person as may have applicable rights therein in accordance with applicable Law).


More Definitions of Private Owner Obligations

Private Owner Obligations shall have the meaning given in Section 3.13(c).
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Related to Private Owner Obligations

  • Existing Obligations means the “Obligations” under and as defined in the Existing Credit Agreement.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:

  • Hedging Obligation means, with respect to any Person, any liability of such Person under any Hedging Agreement.

  • Permitted Security means any Security:

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.