State Obligations definition

State Obligations which means:

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State Obligations which means: (i) Direct general obligations of any state of the United States of America or any subdivision or agency thereof to which is pledged the full faith and credit of a state the unsecured general obligation debt of which is rated “A3” by Moody’s and “A” by S&P, or better, or any obligation fully and unconditionally guaranteed by any state, subdivision or agency whose unsecured general obligation debt is so rated, (ii) Direct general short-term obligations of any state agency or subdivision or agency thereof described in (i) above and rated “A-1+” by S&P and “MIG-1” by Moody’s, and (iii) Special Revenue Bonds (as defined in the United States Bankruptcy Code) of any state, state agency or subdivision described in (i) above and rated “AA” or better by S&P and “Aa” or better by Moody’s;

State Obligations means obligations of the State and obligations the payment of the

Examples of State Obligations in a sentence

• The Trustee is hereby given the right to enforce either jointly with the Authority or separately, the performance of the State Obligations.

• This Agreement recognizes that the Trustee is a third party creditor­beneficiary hereof with respect to the State Obligations.

• This Agreement recognizes that the Trustee is a third party creditor-beneficiary hereof with respect to the State Obligations.

• Agency shall upon receipt of a fully executed copy of this Agreement and upon a subsequent letter of request from State, forward to State an advance deposit or irrevocable letter of credit in the amount of $1,200,000 for the Project, said amount being equal to the estimated total cost for the work performed by State at Agency’s request under State Obligations paragraph 1.

• Port shall identify and obtain all local governmental, State and Federal permits, necessary to construct the three sections of the Project except those identified under State Obligations.

More Definitions of State Obligations

State Obligations shall have the meaning ascribed for such term in Section 4.9 of this Agreement.

State Obligations means any bonds or bond, notes or note, or

State Obligations means obligations of the State and obligations the payment of the principal of and interest on which is unconditionally guaranteed by the State.

State Obligations means obligations of the Commission to the State with respect to principal of, premium, if any, and interest on State debt required to be paid by the Commission under Rhode Island General Laws Section 46-25-5(9);

State Obligations. , which means: [i] direct general obligations of any state of the United States of America or any subdivision or agency thereof to which is pledged the full faith and credit of a state the unsecured general obligation debt of which is rated 'A3' by Moody's and 'A-' by S&P, or better, or any obligation fully and unconditionally guaranteed by any state, subdivision or agency whose unsecured general obligation debt is so rated, [ii] direct general short-term obligations of any state agency or subdivision or agency thereof described in (i) above and rated 'A-1' by S&P and 'MIG-1' by Moody's, or [iii] Special Revenue Bonds (as defined in the United States Bankruptcy Code) of any state, state agency or subdivision described in (A) above and rated 'AA' or better by S&P and 'Aa2' or better by Moody's;

State Obligations which means: (1) Bonds or notes issued by any state or municipality whose underlying rating from Moody's or S&P is in the highest rating category assigned by such agency; (2) Direct general obligations of any state of the United States of America or any subdivision or agency thereof to which is pledged the full faith and credit of a state the unsecured general obligation debt of which is rated "A3" by Moody's and "A" by S&P, or better, or any obligation fully and unconditionally guaranteed by any state, subdivision or agency whose unsecured general obligation debt is so rated; (3) Direct general short-term obligations of any state agency or subdivision or agency thereof described in (a) above and rated "A-1+" by S&P and "MIG-1" by Moody's; and (4) Special Revenue Bonds (as defined in the United States Bankruptcy Code) of any state, state agency or subdivision described in (A) above and rated "AA" or better by S&P and "Aa" or better by Moody's.

State Obligations means: