Prior obligation definition

Prior obligation means an amount owed to a local exchange company or an interexchange company for regu- lated services at the time the company physically toll- restricts, interrupts, or discontinues service for nonpayment.
Prior obligation means an amount owed to a local exchange com- pany or an interexchange company for regulated services at the time the company physically toll-restricts, interrupts, or discontinues service for nonpayment.
Prior obligation has the meaning given it in Section 2.3(a).

Examples of Prior obligation in a sentence

  • I waive all claims, defenses, setoffs, or counterclaims relating to the Prior Obligation, or any document securing the Prior Obligation, that I may have.

  • Amended Obligation is the resulting agreement that is created when the Modification amends the Prior Obligation.

  • Any party to the Prior Obligation that does not sign this Modification, shall remain liable under the terms of the Prior Obligation unless released in writing by you.

  • Conditions have changed since the execution of the Prior Obligation instruments.

  • In response, and for value received, you and I agree to modify the terms of the Prior Obligation, as provided for in this Modification.


More Definitions of Prior obligation

Prior obligation means, collectively, the 2011 Obligation and the 2014 Obligation.
Prior obligation means, collectively, the 2017 Taxable Obligation and the 2017 Tax-Exempt Obligation.
Prior obligation means the "Obligation" as defined in the Prior Credit Agreement.
Prior obligation means, with respect to any Secured Obligation or other item listed below, any Secured Obligation or other item that is listed higher on the list. The term “Subordinate Obligation” means, with respect to any Secured Obligation or other item on the list below, any Secured Obligation or other item that is listed lower on the list below. The Prior Obligations and Subordinate Obligations shall be determined based on the following list:
Prior obligation has the meaning assigned to it in Section 5.02(e) of the Master Indenture.
Prior obligation means the sum of the 1987 through 1999 and the 1999 through 2014 prior obligation as determined in chapter Appendix D, incorporated herein by reference. It includes secondary sources but not credits for the provision of affordable units and publicly subsidized housing.