Acceptance Obligations definition

Acceptance Obligations means the sum of (a) the aggregate face amount of all unmatured Acceptances plus (b) the aggregate face amount of all unpaid and outstanding Acceptance Reimbursement Obligations.

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Acceptance Obligations means, as to any Loan Party, any and all obligations of such Loan Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof), arising under or evidenced by any bills of exchange, drafts or similar instruments drawn on any Loan Party and accepted by such Loan Party (whether payable at sight, on demand or at any specified time) that are purchased or otherwise assigned or payable to (whether by endorsement or otherwise) or held by any Lender or any Affiliate of any Lender; provided that (i) for the avoidance of doubt, in no event shall “Acceptance Obligations” include any obligations relating to BA Drawings, (ii) at or prior to the time that any such obligation is incurred, the applicable Lender or its Affiliate (other than JPMCB) shall have delivered written notice to the Administrative Agent of such obligation and that it constitutes an Acceptance Obligation entitled to the benefits of the Collateral Documents and (iii) the aggregate principal amount of all Acceptance Obligations outstanding at any one time shall not exceed $10,000,000.

Acceptance Obligations has the meaning ascribed to such term in Section 2.04(d).

Examples of Acceptance Obligations in a sentence

• If this § 15.4 is specified as applying in Section B of Part I (Individual Terms), to the extent a Party's obligation to deliver electricity is released in accordance with § 15.2 (Release from Delivery and Acceptance Obligations), the Buyer shall have the right, but not the obligation, to refuse the Delivery of Certificates relating to such electricity for such period of time the Seller's obligation is released, even if the Seller's ability to deliver Certificates is unaffected by Force Majeure.

• Within one (1) Business Day of receipt by the Company or any Restricted Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Company shall prepay the Loans and/or Cash Collateralize the L/C Obligations and Bankers’ Acceptance Obligations as hereafter provided in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds.

• If, as a result of any such recalculation or otherwise, the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect by more than the Dollar Equivalent of $500,000, the Borrowers will promptly prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations and Bankers’ Acceptance Obligations in an aggregate amount equal to such excess.

• Each of the Borrowers unconditionally agrees to pay to each Issuing Bank the amount of all Acceptance Obligations, interest and other amounts payable to such Issuing Bank under or in connection with any Acceptance created by such Issuing Bank when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which such Borrower may have at any time against such Issuing Bank or any other Person.

• The obligations of the Lenders under this Section 12.05 shall survive the payment in full of the Loans, the Reimbursement Obligations, the Acceptance Obligations and all other Obligations and the termination of this Agreement.

More Definitions of Acceptance Obligations

Acceptance Obligations means, at any time, without duplication, the sum of (a) the aggregate amount of all Acceptances outstanding at such time, plus (b) the aggregate unpaid amount at such time of all Acceptance Reimbursement Obligations.

Acceptance Obligations means the aggregate outstanding face amount of all Acceptances (whether matured or unmatured) in respect of which no payment, conversion or deposit has been made.

Acceptance Obligations means at any particular time, all liabilities of the Borrower on or with respect to Acceptances, whether for reimbursement obligations due or to become due to the Issuer or payments of Acceptances and whether or not such liability is contingent or unmatured, including the sum of (a) the then outstanding Acceptance Reimbursement Loans plus (b) the aggregate face amount of all unmatured Acceptances then outstanding.

Acceptance Obligations means, as to any Loan Party, any and all obligations of such Loan Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof), arising under or evidenced by any bills of exchange, drafts or similar instruments drawn on any Loan Party and accepted by such Loan Party (whether payable at sight, on demand or at any specified time) that are purchased or otherwise assigned or payable to (whether by indorsement or otherwise) or held by any Lender or any Affiliate of any Lender; provided that, (i) for the avoidance of doubt, in no event shall “Acceptance Obligations” include any obligations relating to BA Drawings, (ii) at or prior to the time that any such obligation is incurred, the applicable Lender or its Affiliate (other than JPMCB) shall have delivered written notice to the Administrative Agent of such obligation and that it constitutes an Acceptance Obligation entitled to the benefits of the Collateral Documents and (iii) the aggregate principal amount of all Acceptance Obligations outstanding at any one time shall not exceed $10,000,000.

Acceptance Obligations at any particular time, all liabilities of the Company on or with respect to Acceptances, whether for reimbursement obligations due or to become due to the Issuing Lender or payments of Acceptances and whether or not such liability is contingent or unmatured, including the sum of (a) the then outstanding Acceptance Reimbursement Loans plus (b) the aggregate face amount of all unmatured Acceptances then outstanding.

Acceptance Obligations at any time, an amount equal to the sum of (a) the aggregate face amount of unmatured Acceptances and (b) the aggregate amount of all unpaid Acceptance Reimbursement Obligations.

Acceptance Obligations means, as to any Grantor, any and all obligations of such Grantor, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof), arising under or evidenced by any bills of exchange, drafts or similar instruments drawn on any Grantor and accepted by such Grantor (whether payable at sight, on demand or at any specified time) that are purchased or otherwise assigned or payable to (whether by endorsement or otherwise) or held by any ABL Lender or any Affiliate of any ABL Lender, in each case to the extent such obligations constitute “Secured Obligations” under the Initial ABL Credit Agreement or any such comparable term under any other ABL Credit Agreement.