Series B Obligations definition

Series B Obligations means the Series B Notes and obligations owing to the Purchaser pursuant to the Purchase Agreement.
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Series B Obligations has the meaning set forth in the Trust Agreement. “Series B Payment Fund” has the meaning set forth in the Trust Agreement. “State” means the State of California.
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Series B Obligations means the obligations of the Company to Series C Holders pursuant to the Series B Designations, as may be amended, restated and renewed from time to time, including the Series B Obligations.
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Examples of Series B Obligations in a sentence

  • There is hereby established with the Trustee, for the benefit of the Holders of the Series B Obligations, a special fund designated as the “Series B Payment Fund.” Moneys in the Series B Payment Fund shall be held by the Trustee in trust, and shall be applied for the purposes and as directed herein.

  • All Series A Taxes shall be governed by the provisions of Section 3.02 of the Master Trust Agreement, and the security interest and pledge created pursuant to said Section 3.02 shall extend to the Series B Obligations.

  • Each of the Loans (and the Series A Obligations and the Series B Obligations, respectively) shall bear interest at a fixed or variable rate as determined by the Authorized Officers.

  • The maximum principal amount of the Series B Loan and the Series B Obligations shall not exceed$8,000,000.

  • The final maturity of each of the Loans (and the Series A Obligations and the Series B Obligations, respectively) shall not exceed 33 years.

  • The lien shall continue so long as Series B Obligations remain Outstanding.

  • Any moneys deposited in the Series B Payment Fund shall be for the benefit of all Holders of the Series B Obligations, and there is hereby created in favor of such Holders a pledge of all amounts in the Series B Payment Fund, which pledge, without any further action being required, shall constitute a lien and security interest for the benefit of such Holders.

  • The Series B Obligations must provide that the Obligations can be called for early redemption on any date beginning on or after ten years from the dated date of the Obligations, at a redemption price of par.

  • The University is hereby authorized to issue and execute the Series A Obligations and the Series B Obligations, respectively, to evidence its repayment obligations with respect to Series A Loan and/or the Series B Loan, respectively.


More Definitions of Series B Obligations

Series B Obligations means all Obligations of CIT Funding under the Series B notes.
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Series B Obligations means, collectively, all Obligations outstanding under the Series B Indenture and the other Series B Documents. “Series B Obligations” shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency Proceeding, accrue) after commencement of an Insolvency Proceeding in accordance with the rate specified in the relevant Second Lien Document whether or not the claim for such interest is allowed as a claim in such Insolvency Proceeding.
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Series B Obligations means those obligations owed by the Charter Trustee --------------------- to the Investment Trust as evidenced by the Series B Charter Trust Certificate. Any event which reduces the obligations owed by Deepwater to the holders of the Notes shall reduce the Series B Obligations to the same extent.
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Series B Obligations means all obligations, indebtedness, and liabilities of the Borrower to the Lender, arising pursuant to any of the Loan Documents relating to the Series B Loan, now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, without limitation, the obligation of the Borrower to repay the Series B Loan, interest on the Series B Loan, and all fees, costs, and expenses (including reasonable attorney's fees) provided for in the Loan Documents relating to the Series B Loan.
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Series B Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency Proceeding, accrue) after commencement of an Insolvency Proceeding in accordance with the rate specified in the relevant Second Lien Document whether or not the claim for such interest is allowed as a claim in such Insolvency Proceeding.
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Series B Obligations means all Obligations of CIT Funding and the other Obligors under the Series B Notes and the other Series B Documents (as defined in the Senior Intercreditor Agreement).
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Related to Series B Obligations

  • 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.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Senior Obligations is defined in Section 5.1 of this Agreement.