Equivalent Obligations definition

Equivalent Obligations means any Obligations that are issued in fungible form and that share common terms and conditions.
Equivalent Obligations means, in respect of any Obligations which are issued in fungible form, all Obligations that are fungible with one another and which share common terms and conditions.

Examples of Equivalent Obligations in a sentence

  • Indeed, beyond 1.3 rh, only 1 RRL star is located on the east side, while 8 are present on the west side and spread over a wide area.

  • Government or Equivalent Obligations, certificates of deposit and bankers’ acceptances, in each case with yields lower than the yield available on comparable obligations then offered by the United States Treasury.

  • Notwithstanding anything herein to the contrary, if moneys or Government or Equivalent Obligations have been deposited or set aside with the Trustee pursuant to the provisions of this Section 204 and the principal of, premium, if any, and interest on the Bonds shall not, in fact, have been actually paid in full, no amendment to the provisions of this Section 204 will be made without the consent of the owner of each of the Bonds affected thereby.

  • SALE OF REDEEMABLE PREFERRED PARTNERSHIP INTERESTS On March 6, 1996 and April 3, 1996, GTL purchased 4,615,385 and 153,845 redeemable preferred partnership interests ("RPPIs"), respectively, in Globalstar using the net proceeds of $299,500,000 from GTL's sale of its Convertible Preferred Equivalent Obligations (the "CPEOs").

  • Such amounts shall remain uninvested or shall be invested in Government or Equivalent Obligations maturing on the date that such amounts are required in accordance with the Agreement.

  • All amounts received by the Paying Agent under a Credit Facility shall be held in a fund (the “Credit Facility Account”) by the Paying Agent, separate and apart from all other amounts held by the Paying Agent and amounts in the Credit Facility Account shall remain uninvested or shall be invested in Government or Equivalent Obligations, maturing within thirty (30) days or the date that such amounts are required to be applied in accordance with the Agreement, whichever is earlier.

  • The Securities shall be known and designated as the "6% Convertible Preferred Equivalent Obligations due 2006" of the Company.

  • Such amounts shall remain uninvested or shall be invested in Government or Equivalent Obligations, maturing within thirty (30) days or on the date that such amounts are required to be applied in accordance with the Agreement, whichever is earlier.

Related to Equivalent Obligations

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.20 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs.