Examples of Accommodation Obligation in a sentence
No Borrower shall, and Anixter shall not permit any Subsidiary of Anixter to, directly or indirectly, create or become or be liable with respect to any Accommodation Obligation involving Indebtedness of AXE or any Affiliate of AXE which is not a Subsidiary of Anixter.
No Loan Party has any Accommodation Obligation, contingent liability or liability for any Taxes, long-term leases or commitments, not reflected in the foregoing financial statements which will have or is reasonably likely to have a Material Adverse Effect.
The Borrower also agrees with Lender that Lender shall not be responsible for, and the Borrower's Obligations under Section 2 shall not be affected by, among other things, any dispute between or among the Borrower and any beneficiary of any Lender Accommodation Obligation or any other party to which any Lender Accommodation Obligation may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Lender Accommodation Obligation or any such transferee.
No Borrower or Guarantor has, as of the Effective Date, any Accommodation Obligation, contingent liability or liability for any taxes, long-term leases or commitments, not disclosed in writing to the Agent and the Lenders prior to the Effective Date.
The Predecessor has no Accommodation Obligation, contingent liability or liability for any Taxes, long-term leases or commitments, not reflected in the foregoing financial statements which will have or is reasonably likely to have a Material Adverse Effect.