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.

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.

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:

Examples of Qualified Obligation in a sentence

• Whenever necessary in order to provide for the payment of the Bonds, the Bond Bank will commence appropriate remedies with respect to any Qualified Obligation which is in default.

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

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

• Timing has also been tweaked to start at 10.15am and finish at 4.15pm.The affiliation fee is still a welcome source of income although reducing with the number of branches decreasing.

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

• The Corporation shall require that supporting documents for each Qualified Obligation contain contractual provisions to ensure payment of the Qualified Obligation.

• Whenever necessary in order to provide for the payment ofthe Bonds, the Bond Bank will commence appropriate remedies with respect to any Qualified Obligation which is in default.

• 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 2024-A 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.

Qualified Obligation means a written promise to pay by a

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

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.

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.

Qualified Obligation means the General Obligation Public Improvement Bond, Series 2023 (City of Horn Lake, Mississippi, General Obligation Public Improvement Project), in one or