Examples of Benefited Obligations in a sentence
The agreements in this Section 5.7 shall survive payment of all other Benefited Obligations.
If the Collateral Agent receives notice of any subsequent Lien affecting any part of the Charged Property, it may open a new account for the Chargor in its books and if it does not do so then it will, as from the time of receipt of such notice, automatically be treated as if all payments made to it by the Chargor have been credited to a new account of the Chargor and not as having been applied in reduction of the Benefited Obligations.
If the holder of any Benefited Obligations shall transfer such Benefited Obligations, it shall promptly so advise the Collateral Agent.
The agreements in this Section 5.6 shall survive the payment in full of the Benefited Obligations.
This Agreement shall become effective immediately upon execution by the Collateral Agent, the Bank Agent and the Noteholders and shall continue in full force and effect until 91 days following the date upon which all Benefited Obligations are irrevocably paid in full and all commitments under the Bank Credit Agreement have been terminated.