Loan obligation definition

Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

Loan obligation means a bond, note, or other evidence of obligation issued by a project sponsor to evidence its indebtedness under a loan agreement with respect to a loan.

Loan obligation means that amount of Bonds issued by the Bank which shall be equal to the principal amount of Municipal Bonds outstanding of a Governmental Unit, as certified to the Trustee by the Bank.

Examples of Loan obligation in a sentence

• The agreements in this Section shall survive the payment in full of the Loans, the repayment, satisfaction or discharge of all other Loan Obligations and the termination of this Agreement; provided that all payment obligations under this Section 8.18 shall be payable on a basis subordinate to the payment of any Debt or other obligation incurred by Borrower, the proceeds of which are used to prepay the Note or any other Loan Obligation.

• The indebtedness and other obligations of the Partnership under the notes evidencing the loans, the related security instrument and related agreement are herein called ''Loan Obligation''.

• With respect to any Loan Obligation or Letter of Credit Obligation owing to it under the Bank Credit Agreement or Other Bank Obligations, Xxxxxx and its Affiliates shall have the same rights and powers under this Agreement as any Creditor and may exercise the same as though it were not the Collateral Agent, and the terms “Creditor” and “Creditors” shall include the Collateral Agent in its individual capacity.

• The Trustee shall not be required to take notice or be deemed to have notice of any Indenture Event of Default hereunder, except failure to pay a Bond Obligation or TIFIA Loan Obligation when due, unless the Trustee shall be specifically notified in writing of such Indenture Event of Default by the Transportation Enterprise, the Original Purchaser of a Bond, the Owner of a Bond or another Secured Party.

• If a Payment Instruction is rejected or reversed, that payment will be reversed on the Loan Obligation and you will be responsible for making payment on the Loan Obligation separately.

More Definitions of Loan obligation

Loan obligation and “Loan Obligations”: Any Whole Loan or Senior Participation acquired by the Issuer in accordance with the provisions of this Indenture.

Loan obligation means any debt incurred by an Eligible Owner and secured by

Loan obligation means a bond, note, or other evidence of obligation issued by a local government to evidence its indebtedness under a loan agreement or otherwise with respect to a loan.

Loan obligation. Each Whole Loan or Participation identified on Exhibit A hereto.

Loan obligation means the total amount owing from time to time by the Company, excluding any amount owing by the Company in respect of its share capital, the aggregate of the amounts transferred in terms of the Act to the reserves and provisions of the Company and any debt to be discharged from monies in the Levy fund referred to in Article 9 of the MOI.

Loan obligation means any evidence of indebtedness or other obligation to repay a loan, acquired by the District pursuant to the Loan Agreement, which is issued by a Public Entity and payable from taxes, non-ad valorem sales taxes, or from rates, revenues, charges or assessments, or distributions of revenue pursuant to a state appropriation or statutory or constitutional provision, or payable from a pledge of property, or other amounts.

Loan obligation means a commercial loan.