Recovery Obligations definition

Recovery Obligations means bonds, notes or other obligations described in Chapter 297.
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Examples of Recovery Obligations in a sentence

  • The Fixed Rate Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).

  • The Series 2013 Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).

  • The Series B Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).

  • The Authority issued $2 billion of Recovery Obligations of which the Authority used $1.5 billion in proceeds to compensate the City for revenue losses that are Recovery Costs.

  • Unless otherwise stated, all references to "small commercial customers" in this rule will be defined in Rule 1, Definitions.

  • The money in each subaccount of the Recovery Account shall be held in trust and, except as otherwise provided, shall be applied solely to the payment of Recovery Obligations and Parity Debt payable therefrom.

  • In addition, Eldorado conducts quarterly reviews of the Asset Recovery Obligations of all its projects, including Kışladağ.

  • The Reoffered Bonds are Subordinate Bonds secured on a party with the Authority’s Recovery Obligations and other Parity Debt.

  • The Act also permits the Authority to have outstanding an additional $2.5 billion of its Recovery Obligations.

  • The Series F Bonds will be issued on a parity with the Authority’s Recovery Obligations and other Subordinate Bonds issued on a parity with Recovery Obligations (together, “Parity Debt”).

Related to Recovery Obligations

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Swap Obligations means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.