Restricted Obligations definition

Restricted Obligations has the meaning assigned to it in Section 10.6(b).

Restricted Obligations as defined in Section 7.13(a).

Restricted Obligations has the meaning specified in Section 4.04(a).

Examples of Restricted Obligations in a sentence

• The limitation in this Section 10.02(b) shall only apply to the extent that it constitutes a requirement under Swiss mandatory legal and accounting principles at the time a Swiss Obligor is required to perform the Restricted Obligations.

• If the enforcement of Restricted Obligations would be limited due to the effects referred to in this Section 10.07, then the Swiss Guarantor shall to the extent permitted by applicable law and applicable Swiss accounting standards, revalue any of its assets that are shown on its balance sheet with a book value that is significantly lower than the market value of such assets.

• The limitations in subsections (f) and (g) above shall only apply to the extent it is a requirement under applicable law at the time the Swiss Borrower is required to perform Swiss Restricted Obligations under this Agreement or any other Loan Document.

More Definitions of Restricted Obligations

Restricted Obligations shall have the meaning specified in Annex B.

Restricted Obligations means Financing Obligations of any Tensar Party or any Subsidiary, the payment, prepayment, repurchase or defeasance of which is restricted under Section 1.09(b) of Schedule 4.

Restricted Obligations shall have the meaning set forth in Section 2.12.

Restricted Obligations shall have the meaning specified in Section 16.02(b).

Restricted Obligations an obligation the interest on which is included in gross income for federal income tax purposes under Section 103 of the Code.

Restricted Obligations has the meaning assigned to such term in Section 11.01. “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in any Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests. “Revaluation Date” shall mean, with respect to any Letter of Credit denominated in an Alternative Currency, each of the following: (i) the date on which such Letter of Credit is issued, (ii) the first Business Day of each calendar month, (iii) the date of any amendment of such Letter of Credit that has the effect of increasing the face amount thereof, and (iv) any additional date as the Lender may determine at any time when an Event of Default exists. “Revolving Commitment” means the commitment of the Lender to make Revolving Loans and issue Letters of Credit hereunder, as such commitment may be reduced from time to time pursuant to Section 2.07. The initial amount of the Lender’s Revolving Commitment is $25,000,000.

Restricted Obligations means up-stream or cross-stream benefits granted by a Swiss Obligor without full consideration under Clause 18 (Guarantee and Indemnity), 13 (Tax gross up and indemnities) and 15.2 (Other indemnities), in each case in respect of: