Amount of Secured Obligations Sample Clauses

Amount of Secured Obligations. A certificate of the Agent as to the amount of any Secured Obligations due at any time will, in the absence of manifest error, be conclusive and binding on the Chargor.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Amount of Secured Obligations. So long as the Senior Unsecured Note Documents are in effect, the Senior Unsecured Notes are outstanding and the Indebtedness thereunder is outstanding, the aggregate outstanding principal amount of Secured Obligations does not, and after giving effect to each Credit Extension will not, exceed $235,000,000.
Sample 1
Amount of Secured Obligations. So long as any Note Documents are in effect, any Notes are outstanding and the Indebtedness thereunder is outstanding, the aggregate outstanding principal amount of Secured Obligations does not, and after giving effect to each Credit Extension will not, exceed the Maximum Secured Obligations Amount.
Sample 1
Amount of Secured Obligations. (i) Maximum Bank Credit Amount $ ---------- (ii) Amount equal to 10% of Consolidated Net Tangible Assets $ ---------- (iii) Greater of (i) or (ii) $ ---------- (iv) Permitted Subsidiary Indebtedness $ ---------- (v) Sum of (iii) and (iv) $ ---------- The Borrower hereby represents, warrants and agrees, pursuant to the Credit Agreement, that the delivery of this Advance Request Form-A and the acceptance by the Borrower of the proceeds of the Advance-A constitutes a representation and warranty by the Borrower that, on the date of such Advance-A, and before and after 217 218 giving effect thereto and to the application of proceeds therefrom, all conditions precedent set forth in Article VII of the Credit Agreement have been satisfied and that all the representations and warranties of the Borrower set forth in Article VIII of the Credit Agreement remain true and correct on and as of the date of such Advance-A with the same force and effect as if such representations and warranties had been made on and as of such date. Immediately after the Advance-A to which this Advance Request Form-A relates, no Default or Event of Default shall have occurred and be continuing. The proceeds of Advances-A which are the subject of this Advance Request Form-A will be used for the purposes permitted under the Credit Agreement. All capitalized terms not otherwise defined herein shall have the respective meanings ascribed to them in the Credit Agreement. VERITAS DGC INC. By: -------------------------------- Authorized Signatory for and on behalf of the Borrower 218 219 EXHIBIT "E-2" ADVANCE REQUEST FORM-B Date: ------------- TO: BANK ONE, TEXAS, N.A. Ladies and Gentlemen: The undersigned Veritas DGC Inc., (the "Borrower") hereby refers to the Credit Agreement dated as of November 1, 1999 among the Borrower, Bank One, Texas, N.A., as agent (the "Agent"), and the Banks and the Issuing Bank signatories thereto, as the same may be amended, modified, supplemented or restated from time to time (the "Credit Agreement") and gives you irrevocable notice pursuant to Section 4.1 of the Credit Agreement, of the Advance-B specified below:
Sample 1
Amount of Secured Obligations. A certificate of the Collateral Agent as to the amount of any Secured Obligations due at any time will, in the absence of manifest error, be conclusive and binding on each Grantor.
Sample 1

Related to Amount of Secured Obligations

  • Payment of Secured Obligations Grantor will pay and perform or cause to be paid and performed the Secured Obligations according to the tenor thereof and all other sums now or hereafter secured hereby as the same shall become due.

  • Revival of Secured Obligations This Agreement and the Loan Documents shall remain in full force and effect and continue to be effective if any petition is filed by or against Borrower for liquidation or reorganization, if Borrower becomes insolvent or makes an assignment for the benefit of creditors, if a receiver or trustee is appointed for all or any significant part of Borrower’s assets, or if any payment or transfer of Collateral is recovered from Agent or Lender. The Loan Documents and the Secured Obligations and Collateral security shall continue to be effective, or shall be revived or reinstated, as the case may be, if at any time payment and performance of the Secured Obligations or any transfer of Collateral to Agent, or any part thereof is rescinded, avoided or avoidable, reduced in amount, or must otherwise be restored or returned by, or is recovered from, Agent, Lender or by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment, performance, or transfer of Collateral had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, avoided, avoidable, restored, returned, or recovered, the Loan Documents and the Secured Obligations shall be deemed, without any further action or documentation, to have been revived and reinstated except to the extent of the full, final, and indefeasible payment to Agent or Lender in Cash.

  • Grant of Security and Secured Obligations SECTION 3.1. Pledge; Grant of Security Interest 11 SECTION 3.2. Secured Obligations 12 SECTION 3.3. Security Interest 12 ARTICLE IV PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES; USE OF COLLATERAL

  • Unsecured Obligations The obligations of the Company to the Purchasers under the Subordinated Notes shall be unsecured.

  • Unsecured Obligation Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

  • Rights of Secured Party Secured Party shall have the rights contained in this Section at all times during the period of time this Agreement is effective.

  • Secured Party Performance of Debtor Obligations Without having any obligation to do so, the Administrative Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

  • Secured Obligation The obligations of the Company under this Debenture are secured by all assets of the Company and each Subsidiary pursuant to the Security Agreement, dated as of February 22, 2011, between the Company, the Subsidiaries of the Company and the Secured Parties (as defined therein) (the “Security Agreement”) and further agreements with respect to certain foreign assets of the Company and its Subsidiaries. ********************* (Signature Page Follows)

  • The Obligations The security interest granted hereunder shall secure the payment of all indebtedness and the performance of all obligations of the Debtor to the Secured Party of every type and description, whether now existing or hereafter arising, fixed or contingent, as primary obligor or as guarantor or surety, acquired directly or by assignment or otherwise, liquidated or unliquidated, regardless of how they arise or by what agreement or instrument they may be evidenced, including without limitation all loans, advances and other extensions of credit and all covenants, agreements, and provisions contained in all loan and other agreements between the parties (the “Obligations”).

  • No Payment When Senior Indebtedness in Default (a) In the event and during the continuation of any default in the payment of principal of (or premium, if any) or interest on any Senior Indebtedness beyond any applicable grace period with respect thereto, or in the event that any event of default with respect to any Senior Indebtedness shall have occurred and be continuing and shall have resulted in such Senior Indebtedness becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, unless and until such event of default shall have been cured or waived or shall have ceased to exist and such acceleration shall have been rescinded or annulled, or (b) in the event any judicial proceeding shall be pending with respect to any such default in payment or event of default, then no payment shall be made by the Company on account of principal of (or premium, if any) or interest on the Securities or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article XII by delivering and crediting pursuant to Section 12.02 Securities which have been acquired (upon redemption or otherwise) prior to such default or which have been converted pursuant to Article XV. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company. The provisions of this Section shall not apply to any payment with respect to which Section 16.02 would be applicable.

Time is Money Join Law Insider Premium to draft better contracts faster.