CFCD Obligations definition

CFCD Obligations means obligations and other liabilities arising under or in connection with Relevant Claims.
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Examples of CFCD Obligations in a sentence

  • The parties agree that this Agreement shall continue in full force and effect as long as there are any CFCD Obligations outstanding.

  • CFI will not provide the necessary insurance, guarantees or collateral for the performance of the CFCD Obligations for any claim occurring after the Commencement Date.

  • If any such Letter of Credit is not so extended or any such notice of termination is delivered, CFI shall be entitled to draw the full amount of each such Letter of Credit and such funds drawn under each such Letter of Credit shall be property of CFI and will be applied by CFI toward payment of the CFCD Obligations and all other obligations from time to time owing by CFCD hereunder.

  • CFI shall pay to CFCD the excess, if any, of the amount of such funds so drawn under any such Letter of Credit remaining after the indefeasible payment in full of all CFCD Obligations and the termination of this Agreement in accordance with the terms hereof.

  • Upon demand by CFI, CFCD agrees to immediately reimburse CFI for all amounts advanced and costs reasonably incurred by CFI in connection with the CFCD Obligations which are in excess of the Reserve Amount required under Section 6(a) hereof.

  • CFCD shall reimburse CFI, immediately upon demand by CFI, for all amounts advanced and costs reasonably incurred by CFI in connection with the CFCD Obligations, together with interest thereon at the prime rate (as announced by Bank of America) plus 2% until reimbursed; provided, however, that CFCD does hereby acknowledge and agree that CFI may, but shall have no obligation to, advance any such amounts or incur any such costs.

  • Effective as of the Commencement Date, CFCD will obtain its own insurance for the CFCD Obligations arising from and after the Commencement Date.

  • At any time and from time to time during the term of this Agreement, CFI shall have the right to immediately withdraw funds from the Reserve Account to reimburse itself for any amounts advanced and costs incurred by CFI in connection with CFCD Obligations.

  • Effective as of the Commencement Date, CFCD will obtain its own insur ance for the CFCD Obligations arising from and after the Commencement Date.

  • Likewise, upon request of CFCD, CFI shall conduct an analysis of payments of CFCD Obligations for the purpose of determining if the Minimum Balance should be reduced, using the standard of eight days of estimated payments, excluding extraordinary payments.

Related to CFCD Obligations

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

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the 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, 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 and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations (including with respect to attorneys’ fees) 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), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (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), in each case of clauses (a), (b) and (c), whether now or hereafter owing.