Secured Obligations definition

Secured Obligations has the meaning specified in the Security Agreement.

Secured Obligations shall have the meaning assigned in Section 3.1.

Secured Obligations means all obligations at any time due, owing or incurred by any Obligor to any Secured Party under the Finance Documents, whether present or future, actual or contingent (and whether incurred solely or jointly and whether as principal or surety or in some other capacity).

Examples of Secured Obligations in a sentence

• This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date.

• No Guarantor shall exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Secured Obligations and any amounts payable under this Guaranty have been paid and performed in full and the Commitments are terminated.

• If the Chargor receives any payment or benefit in breach of this Clause, it shall hold the same upon trust for the benefit of the Chargee who shall be entitled to apply the same in discharge of the Secured Obligations or any part thereof in such manner and at such time as the Chargee may deem fit.

• The Lender’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations absent manifest error.

• The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Secured Obligations and the obligations of any other guarantor, and a separate action may be brought against each Guarantor to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

More Definitions of Secured Obligations

Secured Obligations means the “Obligations” (as defined in the Credit Agreement).

Secured Obligations means (a) the Loan Document Obligations, (b) the Secured Cash Management Obligations and (c) the Secured Swap Obligations.

Secured Obligations has the meaning set forth in Section 2 hereof.

Secured Obligations means all Obligations and all Additional Secured Obligations.

Secured Obligations is defined in Section 2.2.

Secured Obligations means all present and future obligations and liabilities of the Issuer to the Secured Parties under the Finance Documents.

Secured Obligations has the meaning assigned to such term in the Collateral Agreement.