Current Outstanding Obligations definition
Examples of Current Outstanding Obligations in a sentence
Except as specifically set forth herein, nothing shall alter, amend, modify or extinguish the obligation of the Seller or Cloud Peak to repay any Current Outstanding Obligations or any other obligations they have or may have under the Transaction Documents.
Neither the Borrower nor any other Credit Party has any rights of offset, defenses, claims or counterclaims with respect to the Current Outstanding Obligations or any of the other Obligations or any payment obligation under this Agreement, and each of the Credit Parties are jointly and severally obligated with respect thereto, in each case, in accordance with the terms of the applicable Credit Documents and, with respect to payment obligations hereunder, this Agreement.
Such security interests and liens secure all of the Obligations now or hereafter incurred, including, without limitation, the Current Outstanding Obligations and all other amounts now or hereafter owed by the Borrowers to the Lender Group under the Existing Loan Documents.
Such security interests and liens secure all of the Obligations (as defined in the Pledge Agreement), including, without limitation, the Current Outstanding Obligations.
The Credit Parties acknowledge and agree that Collateral pledged, assigned, conveyed, hypothecated or transferred to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Credit Documents constitute (and shall continue to constitute) collateral security for all of the Obligations (as defined in the Pledge Agreement), including, without limitation, the Current Outstanding Obligations to the extent set forth in the Pledge Agreement.
Nothing contained herein shall alter, amend, modify or extinguish the obligation of the Account Party or the Guarantors to repay the Current Outstanding Obligations or any other Obligations pursuant to the terms of the Credit Documents, and neither this Forbearance Agreement nor any of the other documents related hereto constitutes a novation or modification of any of the Credit Documents.
Except as specifically set forth herein, nothing shall alter, amend, modify or extinguish the obligation of any Exela Party to repay any Current Outstanding Obligations or any other obligations they have or may have under the Transaction Documents.
As of the date hereof, none of the Borrowers or the other Obligors has any rights of offset, defenses, claims or counterclaims with respect to the Current Outstanding Obligations or any of the other Obligations and each of the Obligors are jointly and severally obligated with respect to the Current Outstanding Obligations and any other Obligations, in each case, in accordance with, and subject to, the terms of the applicable Credit Documents.
Except as specifically set forth herein, nothing shall alter, amend, modify or extinguish the obligation of the Borrower to pay the Current Outstanding Obligations.
The delivery by the Borrowers of the foregoing Restricted Stock shall constitute additional consideration paid by the Borrowers to the Lenders in connection with this Fifth Amendment and shall not reduce the Current Outstanding Obligations.