Qualified Obligation definition

Qualified Obligation means a written promise to pay by a tax increment finance authority, whether evidenced by a contract, agreement, lease, sublease, bond, resolution promising repayment of an advance, or note, or a requirement to pay imposed by law. A qualified obligation does not include a payment required solely because of default upon an obligation, employee salary, or consideration paid for the use of municipal offices. A qualified obligation does not include bonds that have been economically defeased by refunding.
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Qualified Obligation means a Security (as that term is defined in the Act), which has been acquired by the Bond Bank pursuant to the Indenture and is a general obligation of a Qualified Entity.
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Qualified Obligation means a contractual obligation which is made or purchased by a Qualified Lending Institution, and secured by one or more of the following:
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Examples of Qualified Obligation in a sentence

  • The 2022 Purchase Payments shall be payable as Qualified Obligation Service hereunder.

  • The 2024-A Purchase Payments shall be payable as Qualified Obligation Service hereunder.

  • The 2015-A Purchase Payments (Second Lien Qualified Obligations) shall be payable as Second Lien Qualified Obligation Service hereunder.

  • The 2020 Purchase Payments shall be payable as Qualified Obligation Service hereunder.

  • The 2024-A Purchase Payments shall be payable as Second Lien Qualified Obligation Service hereunder.

  • The 2014-A Purchase Payments shall be payable as Qualified Obligation Service hereunder.

  • The 2009-A Purchase Payments shall be payable as Qualified Obligation Service hereunder.

  • The 2016 Purchase Payments shall be payable as Qualified Obligation Service hereunder.


More Definitions of Qualified Obligation

Qualified Obligation means an obligation loan which is made or purchased by a qualified lending institution, deemed suitable for guarantee by the Corporation Agency and secured by one of the following: (i) a residential property, (ii) a residential property which is located within an eligible urban or rural area, (iii) a residential property which is located within an economic development or economic opportunity zone, (iv) a residential property which will provide affordable housing, (v) a residential property whose mortgage financing is to be provided by an entity created by local, state or federal legislation, (vi) a residential property that is being lease purchased or (vii) such other collateral as meets the requirements of the feasibility study.
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Qualified Obligation means a written promise to pay by a
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Qualified Obligation means a written promise to pay by a tax increment finance authority, whether evidenced by a contract, agreement, lease, sublease, bond, resolution promising repayment of an advance, or note, or a requirement to pay imposed by law. A qualified obligation does not include a payment required solely because of default upon an
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Qualified Obligation means the General Obligation Public Improvement Bond, Series 2023 (City of Horn Lake, Mississippi, General Obligation Public Improvement Project), in one or
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Qualified Obligation means the Gas Revenue Note, Series 2007, issued by the Authority and delivered to the Bond Bank to evidence the Loan and any note issued in exchange therefor pursuant to the Loan Agreement.
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Qualified Obligation means the General Obligation Bond, Series 2020, of the Municipality, issued in one or more federally taxable or tax-exempt series, in a total aggregate principal amount of not to exceed Twenty-Five Million Dollars ($25,000,000), authorized and directed to be issued by this Municipality Bond Resolution.
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Related to Qualified Obligation

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with any issue of trust certificates or other securities intended to be issued in compliance with the principles of Shari’a, whether or not in return for consideration of any kind;

  • Credit Improved Obligation Any Collateral Obligation which, in the judgment of the Collateral Manager (which may not be called into question due to subsequent events or investment determinations made by the Collateral Manager for its other clients or investment vehicles managed by the Collateral Manager), has improved in credit quality after it was acquired by the Issuer; provided that during a Restricted Trading Period, a Collateral Obligation will qualify as a Credit Improved Obligation only if (i) it has been upgraded by S&P at least one rating sub-category (which rating may include a credit estimate) or has been placed and remains on a credit watch with positive implication by S&P since it was acquired by the Issuer, (ii) the Credit Improved Criteria are satisfied with respect to such Collateral Obligation or (iii) a Majority of the Controlling Class consents to treat such Collateral Obligation as a Credit Improved Obligation.

  • Guarantor Subordinated Obligation means, with respect to a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Guarantor under its Note Guarantee pursuant to a written agreement.

  • Excluded Obligations has the meaning set forth in Section 2.5.