Charged Obligations definition
Charged Obligations means any indebtedness owed by a Subsidiary to the Chargor for or in respect of: (a) moneys borrowed, (b) amounts raised pursuant to a credit or loan facility, (c) amounts raised pursuant to a note issuance, (d) amounts raised under any other transaction (including any forward sale, purchase agreement or derivative) that has the commercial effect of a borrowing or (e) any guarantee of any nature whatsoever provided in respect of any obligation of a type described in (a) through (d) of this definition owing by a Subsidiary to the Chargor.
Examples of Charged Obligations in a sentence
The Chargor is the sole legal and beneficial owner of all of the Charged Obligations.
Upon the expiry of the Security Period (but not otherwise) the Bondholder shall, at the request and cost of the Chargor, take whatever action is necessary to release or re-assign (without recourse or warranty) the Charged Obligations from the Security.