CTA Payment Liabilities definition
CTA Payment Liabilities means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Chargor to BET under the Capacity and Tolling Agreement together with all costs charges and expenses incurred in connection with the protection, preservation or enforcement of its rights under the Capacity and Tolling Agreement except for any obligation which, if it were so included, would result in this Deed constituting unlawful financial assistance under Sections 151 and 152 of the Companies ▇▇▇ ▇▇▇▇. Discharge Date has the meaning given to it in the Intercreditor Deed. Fixtures means all fixtures and fittings (including trade fixtures and fittings) and fixed plant and machinery on the Mortgaged Property.
Examples of CTA Payment Liabilities in a sentence
The security constituted by this Deed is continuing and will extend to the ultimate balance of all the Senior Liabilities, the CTA Payment Liabilities and Subordinated Liabilities, regardless of any intermediate payment or discharge in whole or in part.
The Chargor shall pay or discharge the Senior Liabilities, the CTA Payment Liabilities and the Subordinated Liabilities in the manner provided for in the Finance Documents, the Capacity and Tolling Agreement and the Second Intercompany Loan Agreement.