Contractually obligated definition

Contractually obligated or "contractual obligation" means having entered into a written agreement or commitment to make an investment in air transportation facilities and related equipment in this state.
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Contractually obligated means the business enterprise has entered into a legally binding agreement with the Department to comply with Section 1o of the Retailers' Occupation Tax Act.
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Examples of Contractually obligated in a sentence

  • Releasor is Contractually obligated to familiarize himself/herself/itself with these statutes, regulations and ordinances, And Releasor is duty bound hereunder to ensure its Workers fully comply with them at all times, and It hereby agrees to indemnify, protect, defend and hold the Owner and its officers, directors, owners, Employees and agents from and against any and all claims, causes of actions or liability whatsoever arising from or occasioned by Any activities conducted by Releasor.

  • If a teacher has six or seven class periods of instruction during this shifted instructional day the teacher is eligible for the Additional Class Pay in 11.8. • Contractually obligated to be at work during these periods • Only instructing 5 periods over this time – No change in pay • Teaching 6 or 7 periods over this time – eligible for 6th/7th class pay pursuant to Article 11.8 Professional Educator not required to be on campus B.

Related to Contractually obligated

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Indebtedness means, with respect to any Person, without duplication:

  • Permitted Indebtedness means any of the following:

  • Recourse Indebtedness means Indebtedness that is not Non-Recourse Indebtedness; provided that personal recourse for Customary Recourse Exceptions shall not, by itself, cause such Indebtedness to be characterized as Recourse Indebtedness.

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);