Fixed Obligations definition

Fixed Obligations means obligations for real estate taxes, debt service and utilities.
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Fixed Obligations means during any period, the sum of rent, management fees, debt service and taxes due.
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Fixed Obligations. For any Reference Period, an amount equal to the sum of -----------------
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Examples of Fixed Obligations in a sentence

  • Excluded from the above transactions are transactions through ATMs, EFT/POS, Internet and Phone Banking, Electronic Credits, Fixed Obligations Servicing and other I.T. systems of the Bank; also account crediting with payroll proceeds, account debiting for placements in investment products, interest posting and cancellation/correction of reverse entries.

  • The term "Fixed Obligations" shall mean obligations for real estate taxes, debt service and utilities.

  • The Senior Fixed Collateral Intercreditor Agreement allocates the benefits of the Shared Collateral among the holders of the Senior Fixed Obligations.

  • The Senior Fixed Collateral Intercreditor Agreement allocates the benefits of the Shared Collateral among the holders of the Senior Fixed Obligations (including, from and after the Escrow Release Date, the Obligations).

  • The Senior Lender Intercreditor Agreement defines the relative rights, as lienholders, between the holders of the Revolving Facility Obligations on the one hand and the holders of the Senior Fixed Obligations on the other hand.

  • Notwithstanding that Manager is authorized to and shall make the above-referenced disbursements in the order set forth and to the extent funds are available, Owner solely will be liable for all Fixed Obligations, Operating Costs, and all other costs or expenses of any kind associated with the Facility, and Manager shall have no liability or obligation with respect thereto.

  • From and after the Escrow Release Date, the Senior Lender Intercreditor Agreement shall define the relative rights, as lienholders, between the holders of the Revolving Facility Obligations on the one hand and the holders of the Senior Fixed Obligations (including, from and after the Escrow Release Date, the Obligations) on the other hand.

  • Maintain at all times the ratio of Borrowers' Cash Flow to Fixed Obligations at no less than 1.25 to 1.0. Borrowers' ratio of Cash Flow to Fixed Obligations shall be tested quarterly upon receipt of Borrower's quarterly consolidated Financial Statements, on a rolling four-quarter historical basis commencing with the four consecutive Calendar Quarters ending December 31, 1997.

  • Obligations (other than "Fixed Obligations") so incurred by Manager on behalf of Owner in excess of the amount of such obligations provided for in the Approved Annual Budget and not specifically otherwise approved by the Owner (except for costs of emergency matters referred to in Section 5.4) shall be applied against the contingency amount, and the balance from time to time of such contingency amount is hereinafter sometimes referred to as the uncommitted portion of the contingency amount.

  • The Annual Budget shall provide for a contingency amount of at least 5% of the total operating expenditures (exclusive of 'Fixed Obligations' and any non-cash items) set forth in the "Approved Annual Budget' (as hereinafter defined) in the aggregate which may be disbursed by Manager to the extent otherwise permitted hereunder.


More Definitions of Fixed Obligations

Fixed Obligations means in respect of any Calendar Quarter the sum of the following, except in each case to the extent payable to another Borrower, (i) all principal payments payable during such Calendar Quarter by a Borrower on account of any Debt plus (ii) the Borrowers' aggregate Operating Lease Expense and Interest Expense for such Calendar Quarter including, without limitation or duplication, the aggregate of all amounts payable by the Borrowers or any of them during such Calendar Quarter under any Capital Lease except the portion thereof included under clause (i) above as Capital Lease Expense, and except that in all events amounts payable at maturity on the Revolving Credit Note and the Line of Credit Note, or otherwise in respect of the Revolving Credit and the Line of Credit, respectively, shall not be deemed to be Fixed Obligations for purposes hereof.
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Related to Fixed Obligations

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Permitted Obligations mean (i) nonspeculative Hedging Obligations of any Person and its Subsidiaries arising in the ordinary course of business and in accordance with such Person’s established risk management policies that are designed to protect such Person against, among other things, fluctuations in interest rates or currency exchange rates and which in the case of agreements relating to interest rates shall have a notional amount no greater than the payments due with respect to the applicable obligations being hedged and (ii) Commodity Trading Obligations. For the avoidance of doubt, such transactions shall be considered nonspeculative if undertaken in conformance with FE’s Corporate Risk Management Policy then in effect, as approved by FE’s Audit Committee, together with the Approved Business Unit Risk Management Policies referenced thereunder.

  • Retained Obligations shall have the meaning set forth in Section 2.6.