O&M Obligations definition

O&M Obligations is hereby deleted.
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O&M Obligations has the meaning set forth in the definition of “Permitted Operating Guarantees”.
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Examples of O&M Obligations in a sentence

  • To the extent user fee revenues are inadequate in any fiscal year to cover the HPTE O&M Obligations, HPTE may request a CDOT Backup Loan to fund such shortfall.

  • HPTE may also, at any time during any fiscal year, notify the Executive Director in writing that HPTE desires that CDOT make CDOT Backup Loans for projected HPTE O&M Obligations in an amount that exceeds any CDOT Backup Loan Set Aside that the Transportation Commission has previously allocated for such fiscal year.

  • Moneys allocated by the Transportation Commission to make CDOT Backup Loans shall be transferred to HPTE and shall be used by HPTE to satisfy the HPTE O&M Obligations as they become due.

  • Any CDOT Backup Loans made to HPTE in support of HPTE O&M Obligations shall be authorized by and subject to a separate Transportation Commission Resolution and shall be evidenced by one or more loan agreements in substantially the form attached hereto as Exhibit A (a “CDOT Backup Loan Agreement”), with terms consistent with the terms contained herein.

  • On or before September 15 of the immediately preceding fiscal year, HPTE shall estimate whether and in what maximum amount it may be necessary for HPTE to request that CDOT provide financial support to fulfill the HPTE O&M Obligations in any fiscal year, it being understood that any such financial support shall be in the form of a loan from CDOT to HPTE pursuant to § 43-4-806(4), C.R.S. (a “CDOT Backup Loan”).

  • The Project Highway shall for the purposes of this Agreement enter into commercial service on the Appointed Date whereupon the Concessionaire shall be entitled to demand and collect Fee and perform its O&M Obligations subject to and in accordance with the provisions of this Agreement.

  • Any CDOT Backup Loans made to HPTE in support of HPTE O&M Obligations shall be authorized by and subject to a separate Transportation Commission Resolution and shall be evidenced by one or more loan agreements in substantially the form attached hereto as Exhibit B (a “CDOT Backup Loan Agreement”), with terms consistent with the terms contained herein.

  • Notwithstanding such shortfall in the availability of Net Revenues to cover the HPTE O&M Obligations, CDOT agrees that it shall continue to perform operations and maintenance of both the I-70 MEXL Project and the I-70 General Purpose Lanes, including, but not limited to, the CDOT Services.

  • To the extent the Net Revenues [(as they are first required to be applied in the 2021 Loan Agreement]) are inadequate, or are expected to be inadequate, in any fiscal year to fully pay the HPTE O&M Obligations for such fiscal year, HPTE may request a CDOT Backup Loan to fund such shortfall.

  • There shall be deposited into the I-25 North Express Lanes CDOT Backup Loan Account the proceeds of all CDOT Backup Loans; provided that the proceeds of any CDOT Backup Loan that will be used solely to satisfy HPTE O&M Obligations shall not be deposited into the I-25 North Express Lanes CDOT Backup Loan Account but shall be paid to or at the direction of the Borrower.

Related to O&M Obligations

  • Term Obligations shall have the meaning set forth in the Intercreditor Agreement.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Notes Obligations means Obligations in respect of the Notes, this Indenture and the Guarantees.