Class B Obligations definition

Class B Obligations. All Obligations owing to the Class B Lenders.
Sample 1Sample 2
Class B Obligations means all Obligations of the Borrower to the Class B Lenders.
Sample 1
Class B Obligations means the Class B-1 Notes.
Sample 1

Examples of Class B Obligations in a sentence

  • The Class B Lenders hereby agree that until the Class A Obligations have been paid in full and the Class A Commitments have been terminated, they will not assert any rights of subrogation it or they may acquire as a result of any payment hereunder; provided that, as between the Borrower, on the one hand, and the Class B Lenders, on the other hand, any such payment that is paid over to any Class A Lender pursuant to this Agreement shall be deemed not to reduce any of the Class B Obligations.

  • For so long as there are any Class B Obligations outstanding, each Grantor shall comply with the covenants contained in Article 4 of the Indenture to the extent the Issuer has agreed therein to cause the Grantor so to act.

  • Notwithstanding the foregoing, if any proceeding constituting a Bankruptcy Event is commenced with respect to the Borrower by the Control Party or any other Person other than the Class B Lenders, the Class B Lenders may (i) make and present such proofs of claims against the Borrower on account of the Class B Obligations, and (ii) if the repayment of the Class A Obligations has been accelerated, then accelerate the repayment of the Class B Obligations.

  • The Series 2006-1 Senior Notes and any other Class A Obligations (as defined in the Indenture) issued pursuant to the Indenture will be secured on a superior basis to the Series 2006-1 Subordinate Notes and any other Class B Obligations (as defined in the Indenture) issued pursuant to the Indenture.

  • None of the Class B Lenders may take any action to enforce its rights to recover the principal of or interest on the Class B Notes, or to take any other action or undertake any proceeding under or in connection with the Class B Obligations, including, without limitation, any exercise of rights or remedies in respect of the Collateral, until the Class A Collection Date or unless the Control Party has consented to such action in writing prior to the occurrence thereof.

  • The Class A Notes and any other Class A Obligations (as defined in the Indenture) issued pursuant to the Indenture will be secured on a superior basis to the Class B Notes and the Class C Notes and any other Class B Obligations or Class C Obligations (each as defined in the Indenture) issued pursuant to the Indenture.

  • If the Controlling Class B Lender shall not have delivered the Class B Purchase Notice during the period specified in Section 12.3(a), the Borrower shall have the option, but not the obligation, to purchase all, but not less than all, of (1) the Class A Obligations or (2) the Class A Obligations and Class B Obligations, in each case, from the applicable Lenders by giving an irrevocable notice (a “Borrower Purchase Notice”) to the Lenders no later than the fifth (5th) Business Day after such declaration.

  • Prediction of the value of Y one might obtain on some future observation at that level of X.Hence, the Yˆi are referred to both as estimates and as predicted values.If the observed values Yi in the data set are compared with their corresponding values Yˆi computed from the regression equation, a measure of the degree of agreement between the model and the data is obtained.

  • We believe that a truly diverse Board will leverage differences in thought, perspective, knowledge, skill, regional and industry experience, cultural and geographical backgrounds, age, ethnicity, race and gender, that will help us retain our competitive advantage.

  • The parties hereto hereby agree that, to the extent and in the manner set forth herein, the Class B Obligations are and shall be fully and expressly made junior and subordinate and subject in right of payment to the prior payment in full of all Class A Obligations, and the Class B Lenders’ interests in the Collateral are expressly junior and subordinate to the interests of the Class A Lenders in such Collateral.


More Definitions of Class B Obligations

Class B Obligations means class B notes, the priority of payment of which is subordinate to that of class A notes.
Sample 1
Class B Obligations means the Security Obligations and the Class B Permitted Additional Obligations.
Sample 1
Class B Obligations means any Obligations owing to any Lender in its capacity as a Class B Lender.
Sample 1
Class B Obligations means all present and future indebtedness and other liabilities and obligations (howsoever created or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Borrower to the Class B Lenders arising under this Agreement or any other Facility Document or the transactions contemplated hereby or thereby, including the repayment of the Class B Aggregate Advance Amount, the payment of Class B Interest and all amounts due to the Class B Lenders under Sections 2.08, 2.09 and 12.04 hereunder, and all other amounts due or to become due from the Borrower to the Class B Lenders under this Agreement and the other Facility Documents (whether in respect of fees, expenses, indemnifications, breakage costs, increased costs or otherwise), interest, fees and other obligations that accrue after the commencement of any bankruptcy, insolvency or similar proceeding with respect to any Transaction Party (in each case whether or not allowed as a claim in such proceeding).
Sample 1

Related to Class B Obligations

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid 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 made to the Borrower under this Agreement, 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 (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations 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), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • 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.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.