Initial Senior Obligations definition

Initial Senior Obligations means [(a)] the [describe the specific Bonds, etc.] of the Borrower issued in connection with the Project under the Indenture, to the extent issued or incurred on [or within [_____] days after] the Effective Date [and (b) the Project BANs].
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Initial Senior Obligations means the obligations of the Borrower under the Initial Senior Loan Agreement.
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Initial Senior Obligations means the Colorado High Performance Transportation Enterprise C-470 Express Lanes Senior Revenue Bonds, Series 2017 of the Borrower issued in connection with the Project under the Indenture.
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Examples of Initial Senior Obligations in a sentence

  • Note: Amendments carried out to this Plan are listed in the table contained in Annexure 2.

  • The initial Qualified Hedge must have an aggregate stated notional amount of not less than 98% of the aggregate principal amount of the Variable Interest Rate Senior Obligations projected to be outstanding during the term of the Qualified Xxxxxx and have a stated maturity or termination date not earlier than the final maturity date of the Initial Senior Obligations.

  • The Borrower shall have delivered such other agreements, documents, instruments, opinions and other items required by the TIFIA Lender, all in form and substance satisfactory to the TIFIA Lender, including evidence that all other Project funding requirements have been met (including evidence of other funding sources or funding commitments and evidence of the closing of the Initial Senior Obligations).

  • CREDIT RATINGS Both the Senior Obligations and the TIFIA Loan must be rated by at least two nationally recognized rating agencies; the Initial Senior Obligations must receive an investment grade rating from at least two nationally recognized rating agencies.2 Updated ratings on the TIFIA Loan and the Senior Obligations must be provided annually until the maturity of the related debt instrument.

  • The initial Qualified Hedge must have an aggregate stated notional amount of not less than ninety-eight percent (98%) (and not more than one hundred two percent (102%)) of the aggregate principal amount of the Variable Interest Rate Senior Obligations projected to be outstanding during the term of the Qualified Xxxxxx and have a stated maturity or termination date not earlier than [the final maturity date] of the Initial Senior Obligations.

  • DEFAULT RATE If the Borrower fails to pay when due interest on or principal of the TIFIA Loan, the Borrower shall pay interest on such overdue amount from its due date to the date of actual 2 If the total principal amount of the Initial Senior Obligations and the TIFIA Loan is less than $75,000,000, one rating agency opinion for each of the Initial Senior Obligations and the TIFIA Loan will be sufficient.

  • The Initial Senior Obligations have received a public Investment Grade Rating from at least two (2) Nationally Recognized Rating Agencies, the TIFIA Loan has received a public rating from at least two (2) Nationally Recognized Rating Agencies, and written evidence of such ratings has been provided to the TIFIA Lender prior to the Effective Date, and no such rating has been reduced, withdrawn or suspended as of the Effective Date.

  • If the total principal amount of the Initial Senior Obligations and the TIFIA Loan is less than $75,000,000, one rating agency opinion for each of the Initial Senior Obligations and the TIFIA Loan will be sufficient.

  • The Borrower shall have confirmed that amortization of the principal amount of the Initial Senior Obligations does not commence before the Debt Service Payment Commencement Date.

  • Initial Qualified Hedge must terminate not less than stated maturity date of Initial Senior Obligations and must have notional amount not less than 98% of the principal amount of Senior Obligations projected to be Outstanding.


More Definitions of Initial Senior Obligations

Initial Senior Obligations means the Senior Lien Revenue Bonds, Series 2021B, issued by the Borrower pursuant to the Twenty-Seventh Supplemental Indenture.
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Initial Senior Obligations means the obligations of the Borrower constituting First Senior Lien Bonds, Second Senior Lien Bonds or Subordinate Lien Bonds under the Indenture, in each case to the extent issued prior to the Effective Date.
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Initial Senior Obligations means the obligations of the Borrower constituting First Senior Xxxx Xxxxx, Second Senior Xxxx Xxxxx or Subordinate Xxxx Xxxxx under the Indenture, in each case to the extent issued prior to the Effective Date.
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Initial Senior Obligations means, with respect to any Loan Party, all monetary obligations of such Loan Party that constitute (a) Initial Credit Facility Obligations (other than Increased Loan Obligations), (b) Local Financing Obligations attributable to Loans constituting Initial Credit Facility Obligations (other than Increased Loan Obligations) or (c) Support Obligations in respect of Obligations described in clause (a) or (b) above.
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Initial Senior Obligations means the First Tier Bonds to be issued under the Indenture on or about December 20, 2013.
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Related to Initial Senior Obligations

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Additional Obligations as defined in the Base Intercreditor Agreement.

  • Designated Senior Indebtedness means (i) any Senior Indebtedness which, at the date of determination, has an aggregate principal amount outstanding of, or under which, at the date of determination, the holders thereof are committed to lend up to, at least $100.0 million and (ii) any other Senior Indebtedness designated, as provided in Section 2.01, in respect of any series of Securities.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.