Qualified Obligation Service definition

Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month shall be deemed due on the first day of such calendar month.
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Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month are to be deemed due on the first day of such calendar month. “Qualified Obligations” means, without duplication, (i) the Purchase Payments;
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Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month are to be deemed due on the first day of such calendar month. “Qualified Obligations” means, without duplication, (i) the Purchase Payments; [(ii) the 2011-A Purchase Payments; (iii) the 2012-A Purchase Payments; (iv) the 2014-A Purchase Payments; (v) the 2015-B Purchase Payments; (vi) the 2016 Purchase Payments;
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Examples of Qualified Obligation Service in a sentence

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


More Definitions of Qualified Obligation Service

Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month are to be deemed due on the first day of such calendar month. “Qualified Obligations” means, without duplication, (i) the Purchase Payments; (ii) the 2014-A Purchase Payments; (iii) the 2015-B Purchase Payments (to the extent not prepaid in connection with the issuance of the 2024-A Bonds); (vi) the 2017 Purchase Payments; (iv) the 2020 Purchase Payments (to the extent not prepaid in connection with the issuance of the 2024-A Bonds); (v) the 2022 Purchase Payments (to the extent not prepaid in connection with the issuance of the 2024- A Bonds); and (vi) additional bonds and obligations payable from Surplus Revenues in the Qualified Obligations Account which at the time of initial delivery thereof satisfy the requirements set forth in any installment purchase agreement or similar instrument for the issuance of additional Qualified Obligations (see “– Additional Qualified Obligations” below). As of [Tender Invitation Date], 2024, the aggregate principal amount of Qualified Obligations outstanding was $
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Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month are to be deemed due on the first day of such calendar month. “Qualified Obligations” means, without duplication, (i) the 2010 Purchase Payments, (ii) the 2008 Purchase Payments, (iii) the 2004 Purchase Payments, (iv) obligations of the City with respect to the DWR Loan (as defined below) and (v) Bonds and Obligations which at the time of initial delivery thereof satisfy the issuance test set forth in the Installment Purchase Agreement (see “Additional Qualified Obligations”). “Bond” is defined to include any revenue bond, revenue note, warrant or other evidence of indebtedness issued, incurred or delivered for the financing, or refinancing of extensions of, additions to, repairs and replacements to, renewals of, and improvements of, the Water System, designated by the City at the initial delivery thereof as payable from Surplus Revenues in the Qualified Obligations Account, to the extent that the payments under such revenue bond, revenue note, warrant or other evidence of indebtedness are payable from Surplus Revenues in the Qualified Obligations Account, but does not include any Obligation. “Obligation” means any contract, instrument or other agreement for the purchase, acquisition or lease of facilities, properties, structures or equipment for the Water System, designated by the City at the initial delivery thereof as payable from Surplus Revenues in the Qualified Obligations Account to the extent that payments under such contract, instrument or agreement are payable from Surplus Revenues in the Qualified Obligations Account, and the final payments under which are due more than one year following the incurrence thereof. “Obligation” does not include any Bond.
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Qualified Obligation Service means, with respect to any period, the amount of principal and interest or other payments accrued or to accrue in such period with respect to all outstanding Qualified Obligations (excluding the amount of proceeds of Qualified Obligations held in any fund or account for the payment of Qualified Obligation Service accrued or to accrue during such period). For purposes of accrual under this definition, all payments with respect to Qualified Obligations due in a calendar month are to be deemed due on the first day of such calendar month. “Qualified Obligations” means, without duplication, (i) the Purchase Payments; [(ii) the 2020 Purchase Payments relating to the Authority’s Revenue Bonds, Series 2020-A (Water System Project) in the outstanding principal amount of $36,985,000 and the Authority’s Revenue Refunding Bonds, Series 2020-B (Water System Refunding) in the outstanding principal amount of $30,910,000 (collectively, the “2020 Bonds”); (iii) the 2015 Purchase Payments relating to the California Municipal Finance Authority Revenue Bonds, Series 2015-A (City of Anaheim Water System Project) in the outstanding principal amount of $[ ] (the “2015 Bonds”); (iv) the 2010 Purchase Payments relating to the Anaheim Public Financing Authority Revenue Bonds, Series 2010-A (Water System Project) (Tax-Exempt) and the Anaheim Public Financing Authority Revenue Bonds, Series 2010-B (Water System Project) (Federally Taxable Build America Bonds) in the outstanding aggregate principal amount of $[ ] (collectively, the “2010 Bonds”);] and
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Related to Qualified Obligation Service

  • Excluded Swap Obligation means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an ECP at the time the Guarantee of such Guarantor or the grant of such security interest becomes or would become effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.