Covered Obligations definition

Covered Obligations has the meaning ascribed thereto under the Rio Tinto CSU.

Covered Obligations means obligations or liabilities not constituting Indebtedness that (a) exceed the Threshold Amount and (b) are accrued as liabilities on the balance sheet of a Person in accordance with GAAP.

Covered Obligations means the obligations of the Vodafone Shareholder Group set forth in Section 3.1(a) hereof to (a) elect the Vodafone Series A Director, if applicable, from among those Persons proposed to the Vodafone Shareholder Group by the Verizon Shareholder Group in writing and remove and replace the Vodafone Series A Director as and when, and only as and when, directed in writing by Verizon in the event that the Vodafone Shareholder Group beneficially owns Series V Shares representing less than ten percent (10%) of the Corporation's total capital, and (b) elect the Verizon Series V Director from among those Persons proposed to the Vodafone Shareholder Group by the Verizon Shareholder Group in writing and remove and replace the Verizon Series V Director as and when, and only as and when, directed in writing by Verizon in the event that the Vodafone Shareholder Group beneficially owns Series V Shares representing ten percent (10%) or more of the Corporation's total capital.

Examples of Covered Obligations in a sentence

• On September 28, 2020, Shipper paid to Transporter the amount of $32,921,908 (the “ Pre-Payment Amount”), as prepayment for reservation charges (and any Covered Obligations) for which Shipper is responsible under the Service Agreement and/or Tariff.

• As a result, the remaining balance of the Pre- Payment Amount shall be used to offset any reservation charges (or other Covered Obligations) for which Shipper is responsible under the Service Agreement and/or Tariff until the Pre-Payment Amount has been fully applied to offset such amounts.

• For the avoidance of doubt, the Debtors expressly acknowledge and agree, and the Final Order of the Bankruptcy Court shall have confirmed, that, prior to the Settlement Effective Date, the Pre-Payment Amount may be debited in the amount of any Covered Obligations in accordance with the terms of the Existing Gulfport TSA, including any amounts invoiced for reservation charges under the Existing Gulfport TSA for the month of November 2020 or thereafter in accordance with the Existing Gulfport TSA.

• TRQ consents, and RTIHL shall cause Rio Tinto to consent, to the Co-Lending in accordance with Clause 4.2(a) of the CTA, including the execution and delivery to the Intercreditor Agent of TRQ’s express consent to the Co-Lending becoming Guaranteed Senior Debt Obligations and Rio Tinto’s express consent to the Co-Lending becoming Covered Obligations.

• The parties hereto agree to amend the description of the Secured Obligations contained in Schedule A-I of the Pledge Agreement in order to adjust such description to the Additional Covered Obligations.

More Definitions of Covered Obligations

Covered Obligations means (i) the Claims and the Liabilities calculated on, or attributable to, the Claims; and (ii) the joint and several liability of each insured of the Trust one to the other arising out of the membership of the insureds in the Trust. Covered Obligations shall not include (i) any dividends payable to members of the Trust, (ii) any obligations regarding commission payments related to insurance issued by the Trust; (iii) obligations for premium taxes attributable to insurance issued by the Trust; or (iv) any assessments made against the Trust by the Mississippi Workers' Compensation Self-Insurer Guaranty Association.

Covered Obligations means any Obligations (including Obligations owed to the Creditors under the Existing Credit Documents and Additional Covered Obligations) that would be Qualified Obligations from and after delivery of a Trigger Notice.

Covered Obligations shall have the meaning given to it in Article 4.1 of this Agreement.

Covered Obligations has the meaning assigned to that term in Section 2.13(b).

Covered Obligations has the meaning given that term in the Facility Sublease Surety Bond or the Head Lease Surety Bond, as applicable.

Covered Obligations means, collectively, the Senior Lien Bonds and the Subordinate

Covered Obligations means claims for corporate overhead, research and development costs, or such other alleged payment or cost reimbursement obligations under any legal theory or contractual or extra-contractual arrangement including, without limitation, pursuant to Transfer Pricing Agreements, such other agreements between and among the Nortel Group entities or otherwise, incurred by any Canadian Debtor for the benefit of the US Debtors which any Canadian Debtor has asserted or could assert (without admission by the US Debtors and subject to Section 23 of this Agreement) and would have been reimbursed to the Canadian Debtors through payments (including without limitation Transfer Pricing Payments) payable by the US Debtors to the Canadian Debtors during, or with respect to, the period from October 1, 2009 through the later of the conclusion of the Canadian Proceedings or the consummation of the wind-down of the Canadian Debtors’ estates (the “Settlement Period”).