Examples of Member of the Obligated Group in a sentence
All covenants below are applicable to each Member of the Obligated Group.
Each Member of the Obligated Group has agreed not to incur Additional Indebtedness or enter into any Guaranty unless authorized by various provisions set out in the Master Indenture.
Each Member of the Obligated Group pledges to deposit all revenues, income, receipts and money received into a Gross Revenue Fund over which the Master Trustee has a blocked account agreement for the benefit of each bond trustee and parity lender.Negative Pledge Against Prior Liens.
Each Member of the Obligated Group has agreed not to consolidate or merge with any corporation which is not a Member of the Obligated Group or acquire substantially all of the assets of an entity not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.
Each Member of the Obligated Group has agreed not to merge or consolidate with any entity which is not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.
The Obligated Group has agreed not to consolidate or merge with any corporation which is not a Member of the Obligated Group or acquire substantially all of the assets of an entity not a Member of the Obligated Group or sell or convey all or substantially all of its assets to an entity not a Member of the Obligated Group other than as authorized by the various provisions set out in the Master Indenture.
The Bonds may be redeemed in whole or in part, at the option of the Issuer, on any date at the redemption price equal to 100% of the principal amount of Bonds to be redeemed, plus accrued interest to the redemption date, from property insurance proceeds, title insurance proceeds or condemnation awards received with respect to any property of a Member of the Obligated Group and applied to the prepayment of the Series 2020A Note in accordance with Section 503(b) of the Master Indenture.
The bonds are secured solely by funds and accounts held under the Bond Indenture (excluding the Rebate Fund) and any other property delivered as security under the Bond Indenture.On December 13, 2017, the District, as the sole Member of the Obligated Group delivered to the Bond Trustee, the Series 2017B Bonds (North Broward Hospital District Revenue Bonds, Series 2017B).
Each Member of the Obligated Group has pledged to deposit all of its Gross Revenues into a Gross Revenue Fund.
Retrieved from https://religionnews.com/2020/04/09/shunning- online-services-some-clergy-preach-abstinence-from- gathered-worship/.