Parity Contract Obligations definition
Parity Contract Obligations has the meaning set forth in the General Resolution. “Parity Obligations” has the meaning set forth in the General Resolution.
Parity Contract Obligations means capitalized lease obligations, installment purchase agreements, purchase contracts or other contract agreements to acquire, purchase, improve or install facilities of the System, other than goods and services that are acquired in the ordinary course of business, that are shown on the liability side of the balance sheet under generally accepted accounting principles and are secured by a first lien on and a pledge of Net Revenues.
Parity Contract Obligations has the meaning set forth in the General Resolution.
More Definitions of Parity Contract Obligations
Parity Contract Obligations means (i) any financing leases, installment purchase agreements or other similar evidences of indebtedness or obligations of the Metropolitan Government issued for the purposes of the System and in accordance with the terms of the General Resolution or (ii) any Reimbursement Agreement, each of which has been designated by resolution of the Metropolitan Government as a "parity obligation" to be secured under and entitled to the pledge set forth in the General Resolution.