Term Debt Obligations definition

Term Debt Obligations means the Senior Secured Bridge Loans, the Senior Secured Term Loans and the Senior Secured Notes, as such may be outstanding from time to time.
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Term Debt Obligations has the meaning assigned to such term in the Intercreditor Agreement.
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Term Debt Obligations means (a) all principal of and interest (including without limitation any Post-Petition Interest), prepayment penalty and premium (if any) on all loans and indebtedness under the Term Debt Agreement or any Term Debt DIP Financing, (b) all guarantee obligations, indemnities, fees, costs and expenses and other amounts payable from time to time pursuant to the Term Debt Documents, in each case whether arising prior to or after, and whether or not allowed or allowable, in an Insolvency Proceeding, and (c) without limiting the generality of any of the foregoing, all “Obligations” as defined in the Term Debt Guarantee and Collateral Agreement. To the extent any payment with respect to any Term Debt Obligation (whether by or on behalf of any Loan Party, as Proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any ABL Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the ABL Secured Parties and the Term Debt Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.
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Examples of Term Debt Obligations in a sentence

  • The Company and the other applicable Grantors will be permitted to designate as an additional holder of Obligations hereunder each Person who is, or who becomes or who is to become, the registered holder of Term Debt Obligations incurred by the Company or such other Grantor after the date of this Agreement in accordance with the terms of all applicable Term Debt Documents in existence at such time.

  • Neither the ABL Agent, the other ABL Claimholders, the Term Debt Trustee nor the other Term Debt Claimholders shall be responsible for keeping any of the other parties informed of (a) the financial condition of the Company and the Company Subsidiaries and all endorsers and/or guarantors and other Grantors of the ABL Obligations and the Term Debt Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Debt Obligations.

  • For the avoidance of doubt, the sale or other transfer of Indebtedness is not restricted by this Agreement but the provisions of this Agreement shall be binding on all holders of ABL Obligations and Term Debt Obligations.

  • If any Claimholder is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the applicable Grantor any amount paid in respect of ABL Obligations or Term Debt Obligations, as applicable (a “Recovery”), then such Claimholders shall be entitled to a reinstatement of ABL Obligations or Term Debt Obligations, as applicable, with respect to all such recovered amounts.

  • Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Term Debt Trustee, any ABL Collateral and Proceeds of ABL Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements, to be applied by the Term Debt Trustee to the Term Debt Obligations in such order as specified in the Term Debt Documents or as a court of competent jurisdiction may otherwise direct.

  • The Grantors acknowledge and agree that, to the extent permitted by applicable law, the value of any payments or distributions in cash, property or other assets received by the Term Debt Claimholders that are paid over to the ABL Claimholders pursuant to this Agreement shall not reduce any of the Term Debt Obligations.

  • This authorization is coupled with an interest and is irrevocable until the Discharge of ABL Obligations and the Discharge of Term Debt Obligations, as applicable.

  • The parties hereto acknowledge and agree that it is their intention that (i) the ABL Collateral securing the ABL Obligations and the ABL Collateral securing the Term Debt Obligations be identical in all material respects and (ii) the Fixed Asset Collateral securing the Term Debt Obligations and the Fixed Asset Collateral securing the ABL Obligations be identical in all material respects.

  • Subject to the other terms of this Agreement, all payments received by (a) the ABL Agent or the other ABL Claimholders may be applied, reversed and reapplied, in whole or in part, to the ABL Obligations to the extent provided for in the ABL Loan Documents and (b) the Term Debt Trustee or the other Term Debt Claimholders may be applied, reversed and reapplied, in whole or in part, to the Term Debt Obligations to the extent provided for in the Term Debt Documents.


More Definitions of Term Debt Obligations

Term Debt Obligations means, without duplication:
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Term Debt Obligations means all First Lien Term Debt Obligations and/or the Second Lien Term Debt Obligations. Notwithstanding anything to the contrary herein, the term “Term Debt Obligations” shall exclude as of any date of determination that portion of the Obligations then outstanding under the Term Debt Documents in excess of the following amount determined as follows (such amount, the “Term Debt Obligations Cap”): (a) $2,000,000,000, plus (b) the Incremental Facilities Amount, plus (c) $1,300,000,000, plus (d) the Additional Facilities Amount, plus (e) solely as a component of a Term Debt DIP Financing with respect to any Insolvency or Liquidation Proceeding, an additional amount equal to 10% of the loans and notes under the Term Debt Documents outstanding immediately prior to the date of commencement of such Insolvency or Liquidation Proceeding, plus (f) interest, fees, costs, expenses, indemnities and other amounts payable pursuant to the terms of the Term Debt Documents, whether or not the same are added to the principal amount of the Term Debt Obligations and including the same as would accrue and become due but for the commencement of an Insolvency or Liquidation Proceeding, whether or not such amounts are allowed or allowable in whole or in part in any such Insolvency or Liquidation Proceeding, plus (g) an amount sufficient to terminate and repay in full in cash all First Lien Term Loan Hedging Obligations (including, without limitation, all “Secured Designated Coal Contract Obligations” (as defined in the Initial First Lien Term Loan Agreement as in effect on the date hereof)) under the Term Debt Documents.
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Related to Term Debt Obligations

  • Debt Obligations means any debt obligations issued or guaranteed by the Government of Japan.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.

  • Collateral Debt Obligation means any debt obligation or debt security purchased by or on behalf of the Issuer from time to time (or, if the context so requires, to be purchased by or on behalf of the Issuer) each of which satisfies the Eligibility Criteria, in the case of Synthetic Securities and Non-Euro Obligations, to the extent required to do so. References to Collateral Debt Obligations shall not include Collateral Enhancement Obligations, Eligible Investments or Exchanged Equity Securities. Obligations which are to constitute Collateral Debt Obligations in respect of which the Issuer has entered into a binding commitment to purchase but which have not yet settled shall be included as Collateral Debt Obligations in the calculation of the Portfolio Profile Tests at any time as if such purchase had been completed. For the avoidance of doubt, the failure of any obligation to satisfy the Eligibility Criteria at any time after the Issuer or the Investment Manager on behalf of the Issuer has entered into a binding agreement to purchase it, shall not cause such obligation to cease to constitute a Collateral Debt Obligation.

  • debt obligation means a public security, as defined by Government Code 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities. Gov’t Code 1251.051(1)

  • Additional Senior Debt Obligations means, with respect to any series, issue or class of Additional Senior Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior Debt Parties under the related Additional Senior Debt Documents and (c) any renewals or extensions of the foregoing.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Hedge Obligations means any and all obligations or liabilities, whether absolute or contingent, due or to become due, now existing or hereafter arising, of Parent or its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the Hedge Providers.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Other First Lien Obligations means (a) the due and punctual payment by any Pledgor of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of such Pledgor to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding), (b) the due and punctual performance of all other obligations of such Pledgor under or pursuant to any Other First Lien Agreement and (c) the due and punctual payment and performance of all the obligations of each other Pledgor under or pursuant to any Other First Lien Agreement.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Notes Obligations means Obligations in respect of the Notes, this Indenture and the Guarantees.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • First Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations.

  • First Lien Indebtedness means the Indebtedness under the First Lien Indebtedness Documents.

  • Secured Hedge Obligations means Obligations under Secured Hedge Agreements.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.