System Obligation definition

System Obligation means any obligation of the Recipient payable from the Revenues, including but not limited to this Obligation, any Parity Obligation, any Subordinate Obligation, and such additional obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement.
System Obligation means any long-term obligation of the Recipient payable from the Enterprise Fund, including this Obligation and obligations reflected in Exhibit F.
System Obligation means any obligation of the Recipient payable from the Revenues, including but not limited to this Obligation and obligations reflected in Exhibit F and such additional obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement.

Examples of System Obligation in a sentence

  • The Recipient further covenants to provide the State Water Board with copies of all continuing disclosure documents or reports that are disclosed pursuant to (i) the Recipient’s continuing disclosure undertaking or undertakings made in connection with any outstanding System Obligation, (ii) the terms of any outstanding System Obligation, or (iii) a voluntary disclosure of information related to an outstanding System Obligation.

  • A default, event of acceleration, termination event, modification of terms, or other similar event under the terms of a System Obligation or other Material Obligation of the Recipient, any of which reflect financial difficulties.

  • Subject to the provisions of any outstanding System Obligation, money on deposit in the Enterprise Fund shall be applied and used first, to pay Operations and Maintenance Costs, and thereafter, all amounts due and payable with respect to the System Obligations in order of priority.

  • Subject to the provisions of any outstanding System Obligation, money on deposit in the Enterprise Fund shall be applied and used first, to pay Operations and Maintenance Costs, and thereafter, all amounts due and payable with respect to the System Obligations.

  • We asked that the analysis include Catalog of Federal Domestic Assistance Number, Grant Program, Responsible Directorate, Award System, Monitoring System, Grant Identifier, Obligation System, Obligation Amount, Payment System, Payment Amount, and the UDO reconciled balance.

  • A default, event of acceleration, termination event, modification of terms, or other similar event under the terms of a System Obligation or Material Obligation of the Recipient, any of which reflect financial difficulties.

  • Request for the Adoption of a Resolution Requesting the Local Government Commission to Approve the Application for the Issuance of Solid Waste Disposal System Obligation Bonds and Requesting the Local Government Commission toSell Such Bonds at Private Sale ...............................................................................

  • Name of Signatory -------------------------- FINANCIAL BIDAnnexure -III 1- Name of the Firm …………………………………………………………………………...… 2- Name of the Cluster……………………………….

  • There is hereby created and authorized to be issued designated “Lee Memorial Health System Obligation No. 33” to evidence and secure Lee Health’ obligations to pay the Lender for all amounts due and payable under the Loan Agreement and the Promissory Note.

  • System Obligation commitments will be netted against BOSS Complex generation and System Obligation resources will be added to BOSS Complex generation.


More Definitions of System Obligation

System Obligation means any debt obligation of the Recipient payable from the Revenues, including but not limited to this Obligation, any Parity Obligation, any Subordinate Obligation, any Senior Obligation, and such additional obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement.
System Obligation means any debt obligation payable from Revenues. “Year” means calendar year unless otherwise expressly indicated.
System Obligation means any long-term obligation of the District payable from and/or secured by (in whole or in part) any of the Revenue Fund (or any portion thereof) or any Revenues
System Obligation means any long-term obligation of the District payable from the Enterprise Fund, including this Agreement and all other Parity Obligations and Subordinate Obligations.23
System Obligation means any obligation of the Recipient payable from the Revenues, including but not limited to this Obligation, any Parity Revenues Obligation, any Parity Property Tax Obligation, any Subordinate Revenues Obligation, any Subordinate Property Tax Obligation, any Senior Revenues Obligation, any Senior Property Tax Obligation and such additional obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement.
System Obligation means any obligation of the Recipient secured by or payable from Revenues or Net Revenues, including this Obligation and obligations listed in Exhibit F or Exhibit J, and including without limitation Senior Bonds, Senior Contracts, Parity Bonds, Parity Contracts, and such obligations that are payable on a subordinate basis to this Obligation, Parity Bonds, or Parity Contracts, and additional such obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement.

Related to System Obligation

  • public service obligation means any obligation imposed upon air carriers to ensure on a specified route the minimum provision of scheduled air services satisfying fixed standards of continuity, regularity, pricing and minimum capacity which air carriers would not assume if they were solely considering their commercial interest. Air carriers may be compensated by the Party concerned for fulfilling public service obligations;

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Compliance obligation means the quantity of verified reported emissions or assigned emissions for which an entity must submit compliance instruments to ARB.

  • Parity Obligation means any instrument or other obligation issued or entered into by the Issuer that constitutes or qualifies as Additional Tier 1 Capital (or its equivalent) under applicable Capital Regulations or any instrument or other obligation issued, entered into, or guaranteed by the Issuer that ranks or is expressed to rank pari passu with the Capital Securities by operation of law or contract, which for the avoidance of doubt, excludes any Junior Obligations of the Issuer.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Financial Instrument Obligations means obligations arising under: