Second Lien Qualified Obligations definition

Second Lien Qualified Obligations means any obligations of the City payable from Net Surplus Revenues.
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Second Lien Qualified Obligations means, without duplication, (i) the 2024-A Purchase Payments, (ii) additional obligations payable from Net Surplus Revenues on a parity with such payments which at the time of initial delivery thereof satisfy the requirements set forth in this Installment Purchase Agreement for the issuance of additional Second Lien Qualified Obligations, and (iii) unpaid Second Lien Reimbursement Obligations, excluding Second Lien Paired Obligations.
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Second Lien Qualified Obligations means the 2004 Purchase Payments and any other obligations of the City payable from Net Surplus Revenues.
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Examples of Second Lien Qualified Obligations in a sentence

  • Qualified Obligations debt service excludes Refunded Bonds and the Second Lien Qualified Obligations, Series 2004 to remain outstanding upon the delivery of the Bonds.

  • The Treasurer shall continue to maintain the Second Lien Qualified Obligations Account, heretofore created under the 2004 Resolution, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2022 Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the date that no 2022 Bonds remain Outstanding and no obligations payable from such account remain outstanding.

  • See APPENDIX A – “THE CITY OF ANAHEIM ELECTRIC SYSTEM – Indebtedness; Joint Powers Agency Obligations.” See also “PLAN OF REFUNDING.” Second, to the Second Lien Qualified Obligations Account the amount of Second Lien Qualified Obligation Service with respect to such calendar month (to the extent not already transferred to such Account in such month), or the entire amount of Net Surplus Revenues then available for transfer to the Second Lien Qualified Obligations Account, whichever is less.

  • Notwithstanding the foregoing, the 2015-A Purchase Payments (Second Lien Qualified Obligations) shall be made from any other moneys transferred to or deposited in the 2015-A Purchase Payment Fund pursuant to the Indenture.

  • The next scheduled mandatory purchase date for the 2015 Second Lien Qualified Obligations is December 1, 2020.

  • The Treasurer shall continue to maintain the Second Lien Qualified Obligations Account, heretofore created under the 2004 Resolution, so long as any Qualified Obligations remain Outstanding; provided, however, that if 2014-A Bonds are the only Qualified Obligations Outstanding, such account shall be closed on the earlier of (i) the Crossover Date and (ii) the date that no 2014-A Bonds or obligations payable from such account remain outstanding.

  • Second Lien Qualified Obligations outstanding at June 30, 2019 include $50,000,000 CMFA Revenue Bonds, Series 2015-A.

  • Until the Crossover Date, the Net Surplus Revenues in the Second Lien Qualified Obligations Account shall be held in trust by the Treasurer of the City for the benefit of the holders of the 2015-A Bonds and any other Second Lien Qualified Obligations.

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  • Obligations of Anaheim under the agreements with IPA and SCPPA constitute maintenance and operation expenses of the Electric System payable prior to any of the payments required to be made with respect to the City’s outstanding direct Electric System obligations (including the Qualified Obligations, Second Lien Qualified Obligations and Electric Revenue Anticipation Notes).