School Obligations definition

School Obligations means bonds, notes, swaps and ancillary contracts payable from the School Bond Account.
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School Obligations means notes, bonds, debentures or other evidence of indebtedness issued or incurred by the School to finance in part the Costs of a Project for which Bonds have been issued and are then Outstanding.
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School Obligations. ’ means bonds, notes, swaps and ancillary contracts payable from the School Bond Account.
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Examples of School Obligations in a sentence

  • The money in the School Bond Account shall be held in trust and, except as otherwise provided, shall be applied solely to the payment of School Obligations.

Related to School Obligations

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Junior Obligations means (i) all classes of share capital and participation securities (if any) of the Issuer and (ii) all other obligations of the Issuer that rank, or are expressed to rank, junior to claims in respect of the Notes and/or any Parity Obligation.