FLLO Obligations definition

FLLO Obligations means FLLO Debt and all other Obligations in respect thereof. Notwithstanding any other provision hereof, the term “FLLO Obligations” will include accrued interest, premiums, fees, costs, and other charges incurred under the FLLO Documents, whether incurred before or after commencement of an Insolvency or Liquidation Proceeding and whether or not allowable in an Insolvency or Liquidation Proceeding. As between the holders of the FLLO Obligations, each Series of FLLO Debt may have such rights and relative priorities (including with respect to payment) as the holders of the FLLO Obligations may agree.
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Examples of FLLO Obligations in a sentence

  • To secure the Prepetition FLLO Obligations, the Prepetition FLLO Term Loan Parties granted to BNYM, as Prepetition FLLO Term Loan Agent, for the benefit of itself and the Prepetition FLLO Secured Parties, properly perfected and continuing first-priority “last-out” liens, mortgages and security interests (collectively, the “Prepetition FLLO Liens”) in the Prepetition Collateral.

  • This Priority Confirmation Joinder is being executed and delivered pursuant to Section 6.04[(a)][(b)] of the Collateral Trust Agreement as a condition precedent to the debt for which the undersigned is acting as representative being entitled to the rights and obligations of being [Revolver/FLLO/Additional FLLO] Obligations under the Collateral Trust Agreement.

  • The FLLO Secured Parties may credit bid, or instruct the Collateral Trustee to credit bid the FLLO Obligations in accordance with Sections 363(k) or 1129 of the Bankruptcy Code or any other applicable law, only if such bid includes a cash payment sufficient to provide for the Discharge of Revolver Obligations and the Discharge of Revolver Obligations occurs immediately after giving effect to such credit bid, or if the Revolver Agent otherwise consents in writing.

  • The Revolver Secured Parties and the FLLO Secured Parties shall have no duty to disclose to any FLLO Secured Party or to any Revolver Secured Party, respectively, any information relating to the Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the Revolver Obligations or the FLLO Obligations, respectively, that is known or becomes known to any of them or any of their Affiliates.