Interim Obligations definition

Interim Obligations means (a) the aggregate principal amount of the Tranche 2 Term Loans outstanding as a result of the borrowings made on the Second Restatement Effective Date, (b) all interest on such outstanding Tranche 2 Term Loans (including, without limitation any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of the Borrower, any Subsidiary Loan Party, Holdings or any of its subsidiaries, whether or not allowed or allowable as a claim in such proceeding), (c) all other amounts payable by the Borrower or any Subsidiary under the Senior Loan Documents in respect of such Tranche 2 Term Loans and (d) all increases, renewals, extensions and Refinancings of the foregoing.
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Interim Obligations means Bond Anticipation Obligations issued to the Secretary of the Treasury.
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Interim Obligations the “obligations” under and as defined in the Interim Credit Agreement.
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Examples of Interim Obligations in a sentence

  • The Parties agree that the sum of the Total Payment (as defined in the IFSA), the January Payment (as defined in the IFSA) and the Settlement Payment constitutes a full and final settlement of NNI Interim Obligations (as defined in the IFSA) and the Covered Obligations for the period after the Filing Date through the later of the conclusion of the Canadian Proceedings or the consummation of the wind-down of the Canadian Debtors’ estates.

  • Notwithstanding anything to the contrary contained herein or in any Loan Document (including, without limitation, any Mortgage), the parties hereto acknowledge and agree that the WC Interim Obligations (as such term is defined in the Credit Agreement) are not secured by any Real Estate owned by any Loan Party, and no Lender making any WC Interim Loans or with a WC Interim Commitment has the benefit of the security interest granted under any of the Mortgages.

  • To the fullest extent permitted by applicable law, each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Interim Obligations and notice of or proof of reliance by any Lender upon the guarantee contained in this Section 11 or acceptance of the guarantee contained in this Section 11.

  • The Company hereby, unconditionally and irrevocably, guarantees to the Interim Administrative Agent, for the benefit of the Lenders, the prompt and complete payment and performance by the Irish Borrower when due (whether at the stated maturity, by acceleration or otherwise) of each and all of the Interim Obligations.

  • In making determinations and allocations required by this Section, the Interim Administrative Agent may conclusively rely upon information provided to it by the holder of the relevant Interim Obligations (which, in the case of the immediately preceding sentence shall be a reasonable estimate of the amount of the Interim Obligations) and shall not be required to, or be responsible for, ascertaining the existence of or amount of any Interim Obligations.

  • Until payment in full of the Interim Obligations and termination of all commitments to extend credit under the Loan Documents, no Guarantor shall demand or receive any collateral security, payment or distribution whatsoever (whether in cash, property or securities or otherwise) on account of any such right or claim.

  • No Lender shall have any obligation to protect, secure, perfect or insure any lien at any time held by it as security for the Interim Obligations or for the guarantee contained in this Section 11 or any property subject thereto, except to the extent required by applicable law.

  • All claims regarding Seller's Interim Obligations not made by the 30th day following the Closing shall be deemed waived in full by Buyer.

  • For this purpose, the fair share of each Guarantor as to any unreimbursed payment shall be determined based on an equitable apportionment of such unreimbursed payment among all Guarantors based on the relative value of their assets (net of their liabilities, other than Interim Obligations) and any other equitable considerations deemed appropriate by the court.

  • With the exception of Sections 6 (Interim Obligations), 7 (Due Diligence), 9 (Confidentiality), 11 (Termination), 12 (Expenses), 13 (Non-Binding Agreement) and 14 (Governing Law), this letter does not, nor is it intended to, constitute a binding agreement, an agreement in principle or a legally binding contract between the parties.


More Definitions of Interim Obligations

Interim Obligations means a series of bonds or other evidence of indebtedness including but not limited to, notes, commercial paper, capital leases or any other obligations of the City issued or incurred to finance any portion of the Project Cost of the Stormwater Improvements issued or incurred with the intent to provide interim funding
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Interim Obligations the collective reference to (i) the Borrower Credit Agreement Obligations, (ii) all other obligations and liabilities of the Borrower, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement (including, without limitation, all fees and disbursements of counsel to the Lenders that are required to be paid by the Borrower pursuant to the terms of this Agreement), and (iii) with respect to any Guarantor, all obligations and liabilities of such Guarantor with respect to the Term Facility and all other obligations and liabilities of the Guarantor which may arise under or in connection with this Agreement (including Section 11) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses (including, without limitation, attorney’s fees and legal expenses) or otherwise (including all expense reimbursement and indemnity obligations arising or incurred as provided in the Loan Documents after the commencement of any bankruptcy case or insolvency, reorganization, liquidation or like proceeding, whether or not a claim for such obligations is allowed in such case or proceeding).
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Related to Interim Obligations

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Term Obligations shall have the meaning set forth in the Intercreditor Agreement.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.