Demand Obligation definition

Demand Obligation has the meaning set forth in the Trust Agreement.
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Demand Obligation means any Senior Lien Obligation the principal of which is payable by the Authority on demand of the owner or holder thereof.
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Demand Obligation means Indebtedness that has a stated maturity of 365 days or more after the date of incurrence and is payable or required to be purchased or redeemed at the option of the thereof or upon the occurrence of events specified in the underlying legal documents (other than upon mandatory tender in connection with the conversion of such Indebtedness to another interest rate mode or the replacement of a credit or liquidity provider) prior to its stated maturity date and any other obligation of an Obligated Group Member to pay or purchase securities or obligations of another person or entity upon demand of the holder thereof.
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Examples of Demand Obligation in a sentence

  • The County shall use the proceeds of the Notes only to repay the County’s outstanding ▇▇▇▇▇▇ Plan Obligations Commercial Paper Notes, Series A, the Notes or to refund a Demand Obligation evidencing the County's obligation to make distributions to the participating taxing agencies under the Related Lien or to pay costs of issuance of the Notes.

  • Pursuant to Section 3.03 and 3.04 of the Master Trust Agreement, the County is issuing $ aggregate principal amount of the Series B Notes on the Original Date of Issuance, of which $ shall be deposited in the Refunding Fund (which fund is hereby established with the Trustee) and applied to refund the outstanding Series B Notes, $ shall be applied to refund a Demand Obligation and $ shall be deposited in the Costs of Issuance Fund and applied to pay Initial Costs of Issuance.

  • The proceeds of the Notes will be used to repay the County’s outstanding ▇▇▇▇▇▇ Plan Obligations Commercial Paper Notes, Series A, outstanding Notes or to refund a Demand Obligation evidencing the County's obligation to make distributions to the participating taxing agencies under the Related Law.

  • Demand Obligation Loan Agreement between Quaker Chemical Corporation (PA) and Citizens Bank of Pennsylvania dated April 29, 2004 ($10,000,000 maximum principal amount).

  • The County shall use the proceeds of the Notes only to repay the County’s outstanding ▇▇▇▇▇▇ Plan Obligations Commercial Paper Notes, Series A, the Notes or to refund a Demand Obligation evidencing the County's obligation to make distributions to the participating taxing agencies under the Related Lien.

  • Demand Obligation Loan Agreement between Quaker Chemical Corporation (PA) and Citizens Bank of Pennsylvania dated April 29, 2004 ($5,000,000 balance outstanding at September 30, 2005).

  • So long as Buyer is purchasing electric power for the Grand Rapids Facility under the Amended and Restated Electric Service Agreement between Seller and Minnesota Power, dated May 30, 2003 (the "Minnesota Power Agreement"), for any month in which payment is required with respect to the "Brainerd Demand Obligation" under Section 5 of the Minnesota Power Agreement, Seller shall reimburse Buyer for such payments made by Buyer.

  • Pursuant to Section 3.03 and 3.04 of the Master Trust Agreement, the County is issuing [ ] aggregate principal amount of the Series B Notes on the Original Date of Issuance, of which $[ ] shall be deposited in the Refunding Fund (which fund is hereby established with the Trustee) and applied to refund the outstanding Series B Notes, $[ ] shall be applied to refund a Demand Obligation and $[ ] shall be deposited in the Costs of Issuance Fund and applied to pay Initial Costs of Issuance.

  • The proceeds of the Notes will be used to repay the County’s outstanding ▇▇▇▇▇▇ Plan Obligations Commercial Paper Notes, Series B, to refund a Demand Obligation evidencing the County's obligation to make distributions to the participating taxing agencies under the Related Law and to pay costs of issuance of the Notes.

  • The proceeds of the Notes will be used to repay the County’s outstanding ▇▇▇▇▇▇ Plan Obligations Commercial Paper Notes, Series A, outstanding Notes, to refund a Demand Obligation evidencing the County's obligation to make distributions to the participating taxing agencies under the Related Law and to pay costs of issuance of the Notes.

Related to Demand Obligation

  • Bond Obligation means, as of the date of computation, the principal amount of the Bonds then Outstanding.

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Credit Improved Obligation Any Collateral Obligation which, in the judgment of the Collateral Manager (which may not be called into question due to subsequent events or investment determinations made by the Collateral Manager for its other clients or investment vehicles managed by the Collateral Manager), has improved in credit quality after it was acquired by the Issuer; provided that during a Restricted Trading Period, a Collateral Obligation will qualify as a Credit Improved Obligation only if (i) it has been upgraded by S&P at least one rating sub-category (which rating may include a credit estimate) or has been placed and remains on a credit watch with positive implication by S&P since it was acquired by the Issuer, (ii) the Credit Improved Criteria are satisfied with respect to such Collateral Obligation or (iii) a Majority of the Controlling Class consents to treat such Collateral Obligation as a Credit Improved Obligation.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.