Supported Obligations definition

Supported Obligations means the Loan Obligations, the obligations of the Obligors under the Loan Documents and the Other Supported Obligations;

Supported Obligations has the meaning given in Section 2.1(a). ---------------------

Supported Obligations has the meaning ascribed to such term in the Master Obligation Agreement and Exhibit D of this Agreement.

Examples of Supported Obligations in a sentence

• Authority Revenues consisting of amounts received from the Commonwealth on account of Commonwealth Guaranteed Indebtedness or Commonwealth Supported Obligations shall be deposited directly in the Commonwealth Payments Fund, are not subject to the lien of the Trust Agreement and shall only be applied to the payment of principal and interest on Commonwealth Guaranteed Indebtedness or Commonwealth Supported Obligations, as applicable.

• This constitutes an event of non compliance of the rate covenant, however, failure by the Authority to pay principal of or interest on Commonwealth Guaranteed Indebtedness or Commonwealth Supported Obligations does not constitute an event of default under the MAT.The Term Loan Agreement requires the Authority to maintain, for each fiscal year, a senior and senior subordinated debt service coverage ratio equal to at least 1.20.

• The lien and trust hereby created are for the benefit of the Holders of Commonwealth Guaranteed Indebtedness and Commonwealth Supported Obligations, and for their additional security until all Commonwealth Guaranteed Indebtedness and Commonwealth Supported Obligations have been paid or its payment has been duly provided for.

• Indebtedness, as defined in the MAT, includes Commonwealth Guaranteed Indebtedness and Commonwealth Supported Obligations.As of June 30, 2010 and 2009, the Authority was in compliance with the senior indebtedness and the senior and senior subordinated indebtedness annual debt service coverage requirements.During fiscal year 2009, the Authority was unable to make the deposits required under the MAT for the Commonwealth Supported Obligations debt, and the payment as its due date was made by the Commonwealth.

• This constitutes an event of non compliance of the rate covenant, however, failure by the Authority to pay principal of or interest on Commonwealth Guaranteed Indebtedness or Commonwealth Supported Obligations does not constitute an event of default under the MAT.

More Definitions of Supported Obligations

Supported Obligations means, with respect to any Obligations (a) if such Obligations are Senior Obligations (i) such Senior Obligations are Shared Project Obligations, and (ii) pursuant the provisions of Section 3.04(a), each District party to the Obligation Instrument pursuant to which such Shared Project Obligations are incurred agrees to make Support Payments to each other District party thereto, if and as required pursuant to the provisions of said Section, and (b) if such Obligations are Subordinate Obligations

Supported Obligations means the full, complete and timely performance of the obligations of the Company now or hereafter existing under (i) the Repurchase Agreement; (ii) the Conduit Purchase Agreement, and (iii) the Participation Agreement.

Supported Obligations at any time with respect to the Assumed Financings, an amount equal to the sum of (a) all payments required to be made by Xxxxx at or after such time under the Power Sales Agreement and the Feedwater Equipment Lease Agreement for which a release has not been obtained from General Electric Capital Corporation, PLUS (b) the sum of: (i) the then outstanding principal of the bonds issued under the Bond Financings (other than the Muskegon Solid Waste Bonds), PLUS (ii) the premium, if any, payable on such bonds upon optional redemption thereof (or, if such bonds are not then subject to optional redemption, on the first optional redemption date), PLUS (iii) one year's interest on such bonds, PLUS (iv) if such bonds are not then subject to optional redemption, an amount equal to interest in excess of one year's interest that will accrue on such bonds until the first date such bonds are subject to optional redemption; as to each Assumed Financing, a "SUPPORTED OBLIGATION".

Supported Obligations has the meaning given in Section 2.l(a).

Supported Obligations means the aggregate amount by which the Aggregate Revolving Credit Outstandings would exceed $5,000,000 after giving effect to any Borrowing or the issuance of any Letter of Credit pursuant to the Credit Agreement.

Supported Obligations shall be as defined in Section 3(a). ---------------------

Supported Obligations has the meaning given to it in Clause 2.1 (Performance of Supported Obligations) of the Parent Undertaking Agreement.