Loan Repayment Obligation definition
Loan Repayment Obligation with respect to a Loan means the obligation of a Borrower to repay the Banks for such Loan, and "Loan Repayment Obligations" shall mean all such obligations with respect to all Loans.
Loan Repayment Obligation means, with respect to each Institution Loan, the obligation of the Institution under the related Agreement to repay on each Institution Loan on the Loan Payment Dates, a pro rata portion (i.e., 1/3) of the amount required to be paid by each Institution to the Trustee in repayment of its Institution Loan for deposit in the Debt Service Fund, as set forth opposite the name of each Institution in the Indenture, which payments, in the aggregate for each Institution Loan, will provide an amount equal to the principal of and interest to become due at the Maturity Date on the related Authority Notes.