Creditor's Obligations definition

Creditor's Obligations means collectively and includes (a) all present and future indebtedness, liabilities and obligations of any kind and nature whatsoever of the Borrower to the Creditor both now existing and hereafter arising under, as a result of, on account of, or in connection with, the Creditor's Loan, including, without limitation, obligations for the repayment of the Creditor's Loan, principal, interest, indemnities, fees, late charges, enforcement costs and other costs and expenses whether direct, contingent, joint, several, matured or unmatured; and (b) all present and future indebtedness, liabilities and obligations of any kind and nature whatsoever of the Guarantor to the Creditor both now existing and hereafter arising under, as a result of, on account of, or in connection with, the Creditor's Guaranty, including, without limitation, obligations for the guaranty of payment of the Creditor's Loan.
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Examples of Creditor's Obligations in a sentence

  • The Collateral Agent may deem and treat each Creditor as the owner of such Creditor's Obligations for all purposes hereof unless and until the Collateral Agent is notified of a change in Creditors.

  • The Creditor agrees, that from the date hereof until the expiry of the Termination Period, that the Creditor will deliver to the Bank any and all monies received from the Borrower or the Guarantor in payment of the Creditor's Obligations, for the Bank's application to the Bank's Obligations in accordance with the Bank's Documents, other than amounts received pursuant to that certain Modification Agreement dated as of November 27, 2006, by and between the Borrower, the Creditor and Monarch Services, Inc.

  • The Bank and the Creditor desire to set forth their agreement regarding the Bank's Obligations (hereinafter defined), the Creditor's Obligations (hereinafter defined), the Bank's Lien (hereinafter defined) and the Creditor's Lien (hereinafter defined).

  • For purposes of this Agreement, "Pro Rata Share" shall mean, when calculating a Secured Creditor's portion of any distribution or amount, that amount (expressed as a percentage) equal to a fraction the numerator of which is the then unpaid amount of such Secured Creditor's Obligations, and the denominator of which is the then outstanding amount of all Obligations.

  • From the date hereof though and including August 16, 2007 (the "Subordination Period"), the Creditor hereby subordinates and postpones the payment of the Creditor's Obligations to the payment of the Bank's Obligations to the Bank.