Serial Obligations definition

Serial Obligations means all Non-Ad Valorem Revenue Obligations that are not Term Obligations.
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Serial Obligations means Obligations for which no Sinking Fund Installments are established.
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Serial Obligations means, with respect to a particular Series of Bonds, the portions of such Series which shall be stated to mature or become due and payable serially in annual installments but not including Term Obligations.
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Examples of Serial Obligations in a sentence

  • No deposit need be made in the Principal Account if the amount contained therein and available to pay principal of the Obligations is at least equal to the aggregate amount of the principal of all Outstanding Serial Obligations due by their terms on such June 1.

  • On or before each June 1, commencing June 1, 2014, the Trustee shall set aside from the Revenue Fund and deposit in the Principal Account an amount of money equal to the principal amount of all Outstanding Serial Obligations due on such June 1.


More Definitions of Serial Obligations

Serial Obligations means any obligations for the payment of the principal of which, at the maturity thereof, no fixed Amortization Installment or bond redemption deposits are required to be made prior to the twelve-month period immediately preceding the stated date of maturity thereof.
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Serial Obligations means Obligations for which no sinking fund payments are provided.
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Related to Serial Obligations

  • Material Obligation means an obligation of the Recipient that is material to this transaction.

  • Financial Obligation means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term Financial Obligation shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.

  • Other Obligations means (a) the performance of all obligations of Borrower contained herein; (b) the performance of each obligation of Borrower contained in any other Loan Document; and (c) the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Agreement, the Note or any other Loan Document.