Term Obligation definition

Term Obligation means any Reference Obligation that is not a Committed Obligation.
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Term Obligation means a loan that is a closed-end extension of credit by the Originator to an Obligor which may be fully funded or partially funded at the closing thereof, and which provides for full amortization of the principal thereof prior to or upon maturity.
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Examples of Term Obligation in a sentence

  • In relation to any Reference Obligation that is a Term Obligation (and the related Transaction) as of any date of determination, the Notional Amount of such Reference Obligation.

  • Any Extended- Term Obligation included in the Initial Fuel Supply Plan shall be governed by Section 2.05(e).

  • Each Grantor’s obligation to reimburse the Term Collateral Agent pursuant to the preceding sentence shall be a Term Obligation payable on demand.

  • Reference Amount: In relation to (a) any Term Obligation, the Outstanding Principal Amount thereof and (b) any Committed Obligation, the Commitment Amount thereof.

  • Upon the exercise by the Borrower of its option pursuant to this Section 3.7 all rights or entitlements of the Borrower to convert, in whole or in part, any Term Obligation to any other Advance or Type of Advance under the Credit Facility shall be permanently terminated.

  • Facility Asset & Debt (Tri-City Area Only)Facility NameCash & Cash Equivalents14Short-term Investments14Net Unrestricted Assets14Current Portion of LTD and Capital Leases14Depreciation and Amortization Expenses14Interest Expense14LTD & Long Term Obligation Under Capital Leases14Total Expenses14EBIDADebt service coverage(2004)Pension Fully Funded (Y).

  • The District has recorded a liability in the General Long Term Obligation Account Group for the vesting termination benefits for all employees within 10 years of retirement.

  • Survival Curves by Service Term Obligation Lengths Like other algorithmic models built with many related covariates, it can be difficult to interpret effects of covariates by examining the survival tree splits and the resulting terminal node fitted survival functions.

  • Mr. Cook distributed a Draft February 5th Initial ESCA Long Term Obligation Management Program Meeting Invitation to the Committee at the December 4th AC meeting, and hearing no schedule conflicts, stated the official meeting invitation will go out this week.

  • For transactions that contemplate significant reduction in the amount of the Obligations within the first five years after closing, see Short Term Obligation Fee below.

Related to Term Obligation

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • 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.