Trust Obligation definition

Trust Obligation means any and all obligations of the Trusts.
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Trust Obligation means any Note (as defined in the Indenture) or other interest in the Trust issued under the Indenture and any supplement thereto.
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Trust Obligation means any Investor Certificate (as defined in the Pooling and Servicing Agreement) or other interest in the Trust issued under the Pooling and Servicing Agreement and any supplement thereto.
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Examples of Trust Obligation in a sentence

  • So long as any Trust Obligation is outstanding, the Member may not resign, except if the Rating Agency Condition is satisfied.

  • As long as any Trust Obligation is outstanding, the Member shall cause the Company at all times to have at least two Independent Directors who will be appointed by the Member.

  • One or more additional members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Trust Obligation remains outstanding, no additional Member may be admitted to the Company unless the Rating Agency Condition is satisfied.

  • Notwithstanding anything to the contrary in this Agreement, so long as any Trust Obligation is outstanding, this Agreement may not be modified, altered, supplemented or amended unless the Rating Agency Condition is satisfied, except to cure any ambiguity.

  • El Paso further agrees that the Trust Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Trust Obligation.

  • As long as any Trust Obligation is outstanding, the Member shall cause the Company at all times to have at least one Independent Director who will be appointed by the Member.

  • Trust Obligation............................................................................

  • Each Class A Security, Class B Security and Collateralized Trust Obligation will bear a legend or legends in substantially the following form: EACH PURCHASER REPRESENTS AND WARRANTS FOR THE BENEFIT OF FINGERHUT RECEIVABLES, INC.

  • Each transfer of a Collateralized Trust Obligation shall be subject to the restrictions set forth in this Section 12 and to such other restrictions as shall be set forth in the text of the Collateralized Trust Obligation.

  • Each Class A Security and Class B Security and each Collateralized Trust Obligation that is a CTO Global Security deposited with DTC, or a custodian on behalf of DTC, shall bear the following legend: UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.


More Definitions of Trust Obligation

Trust Obligation means any Securities issued by a Trust.
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Trust Obligation means the indebtedness, liabilities and obligations of the Company under or in connection with the Trust Documents or any related document in effect as of any date of determination.
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Trust Obligation means: [¶] (a) All money and property deposited with a member . . . in an escrow . . . .” (§ 17302, subd. (a).)
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Trust Obligation means the obligation of the Regular Trustee on behalf of the Series A Holder to deliver to the TrENDS Holders on a date or dates provided in the Trust Obligation all or a portion of the Contract Shares or specified proceeds thereof representing the Series A Estate, which obligation is set forth in ANNEX A attached hereto and made a part hereof.
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Trust Obligation is used in this Agreement to refer to those Obligations of Borrower owing to the Trust under the Trust Note and limited to a maximum principal amount of One Million Dollars ($1,000,000.00) (plus interest thereon and fees and costs in connection therewith), reduced upon the sale or disposition of any Collateral subject to a Trust Lien (as defined below) by the amount of the net proceeds of such sale or disposition that are received by the Trust.
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Trust Obligation means the obligation, evidenced by a trust deed note or other instrument, for which a trust deed is given as security.
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Related to Trust Obligation

  • 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.

  • debt obligation means a public security, as defined by Government Code 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities. Gov’t Code 1251.051(1)

  • Relevant Obligation means an obligation under this contract in respect of which a Force Majeure Event has occurred and the Affected Party has claimed relief under this Clause 17.

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

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) that is subordinated or junior in right of payment to the Notes pursuant to a written agreement.