{"component": "definition", "props": {"groups": [{"snippet": "means as of any date, Indebtedness (other than Indebtedness under the Loan Documents) or operating leases of any one or more of the Borrower or any Subsidiary or, in the case of the Borrower only, any Guarantee, in an aggregate principal amount exceeding $35,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of Indebtedness, operating leases or Guarantees at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary, as applicable, would be required to pay if such Indebtedness, operating leases or Guarantees became due and payable on such day.", "snippet_links": [{"key": "indebtedness-under-the-loan-documents", "type": "clause", "offset": [47, 84]}, {"key": "operating-leases", "type": "clause", "offset": [89, 105]}, {"key": "of-the-borrower", "type": "clause", "offset": [125, 140]}, {"key": "in-the-case", "type": "clause", "offset": [163, 174]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [218, 244]}, {"key": "for-purposes-of", "type": "clause", "offset": [268, 283]}, {"key": "at-any-time", "type": "clause", "offset": [389, 400]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [414, 438]}, {"key": "netting-agreements", "type": "definition", "offset": [461, 479]}, {"key": "to-pay", "type": "clause", "offset": [552, 558]}, {"key": "due-and-payable", "type": "definition", "offset": [619, 634]}], "samples": [{"hash": "fzX4xGwLLfS", "uri": "/contracts/fzX4xGwLLfS#material-obligations", "label": "Fourth Amendment to Credit Agreement (Allete Inc)", "score": 36.1184120178, "published": true}, {"hash": "3X46TOKf0z3", "uri": "/contracts/3X46TOKf0z3#material-obligations", "label": "Credit Agreement (Allete Inc)", "score": 33.1259422302, "published": true}, {"hash": "aky6bq6nFtC", "uri": "/contracts/aky6bq6nFtC#material-obligations", "label": "Term Loan Agreement (Allete Inc)", "score": 31.3436012268, "published": true}], "size": 25, "hash": "0a7caf8d624a00af3e1c066134556806", "id": 1}, {"snippet": "means Indebtedness (other than Indebtedness under the Loan Documents) of any one or more of the Borrower or any Subsidiary in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of the obligations of any Person in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) such Person would be required to pay if such Hedging Agreement were terminated at such time. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d in respect of any Securitization shall be determined as set forth in the definition of such term.", "snippet_links": [{"key": "indebtedness-under-the-loan-documents", "type": "clause", "offset": [31, 68]}, {"key": "of-the-borrower", "type": "clause", "offset": [89, 104]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [129, 155]}, {"key": "for-purposes-of", "type": "clause", "offset": [179, 194]}, {"key": "obligations-of", "type": "clause", "offset": [259, 273]}, {"key": "any-person", "type": "definition", "offset": [274, 284]}, {"key": "in-respect-of", "type": "definition", "offset": [285, 298]}, {"key": "hedging-agreement", "type": "definition", "offset": [303, 320]}, {"key": "at-any-time", "type": "clause", "offset": [321, 332]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [346, 370]}, {"key": "netting-agreements", "type": "definition", "offset": [393, 411]}, {"key": "to-pay", "type": "clause", "offset": [443, 449]}, {"key": "the-definition-of", "type": "clause", "offset": [648, 665]}], "samples": [{"hash": "j4KXDTE6G2s", "uri": "/contracts/j4KXDTE6G2s#material-obligations", "label": "Credit Agreement (Gci Liberty, Inc.)", "score": 30.1581115723, "published": true}, {"hash": "2OhOV1IwSaG", "uri": "/contracts/2OhOV1IwSaG#material-obligations", "label": "Credit Agreement (Gci, LLC)", "score": 30.1581115723, "published": true}, {"hash": "hZEgTd7Zb1C", "uri": "/contracts/hZEgTd7Zb1C#material-obligations", "label": "Credit Agreement (Gci Liberty, Inc.)", "score": 29.353181839, "published": true}], "size": 11, "hash": "754fdafad1b53041380df2de817790a2", "id": 2}, {"snippet": "means, as of any date, Indebtedness (other than Indebtedness under the Loan Documents) of the Company or its Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of Indebtedness at such date shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary, as applicable, would be required to pay if such Indebtedness and such obligations became due and payable on such date.", "snippet_links": [{"key": "indebtedness-under-the-loan-documents", "type": "clause", "offset": [48, 85]}, {"key": "of-the-company", "type": "clause", "offset": [87, 101]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [128, 154]}, {"key": "for-purposes-of", "type": "clause", "offset": [178, 193]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [293, 317]}, {"key": "netting-agreements", "type": "definition", "offset": [340, 358]}, {"key": "to-pay", "type": "clause", "offset": [430, 436]}, {"key": "due-and-payable", "type": "definition", "offset": [486, 501]}], "samples": [{"hash": "3lrdZzlNS", "uri": "/contracts/3lrdZzlNS#material-obligations", "label": "Credit Agreement (Lululemon Athletica Inc.)", "score": 32.9589309692, "published": true}, {"hash": "jujk0bq3tRZ", "uri": "/contracts/jujk0bq3tRZ#material-obligations", "label": "364 Day Credit Agreement (Lululemon Athletica Inc.)", "score": 29.496919632, "published": true}, {"hash": "cxa9s3gSsvM", "uri": "/contracts/cxa9s3gSsvM#material-obligations", "label": "Credit Agreement (Lululemon Athletica Inc.)", "score": 29.42710495, "published": true}], "size": 10, "hash": "24546f1f3bac9d165f1c5dbb039a219c", "id": 3}, {"snippet": "has the meaning assigned and ascribed in Section 10.2(a).", "snippet_links": [], "samples": [{"hash": "iM5NLOFzoLx", "uri": "/contracts/iM5NLOFzoLx#material-obligations", "label": "Exclusive License Agreement (Quadrant Biosciences Inc)", "score": 31.119096756, "published": true}, {"hash": "1Df5wSpmsOH", "uri": "/contracts/1Df5wSpmsOH#material-obligations", "label": "Exclusive License Agreement (Quadrant Biosciences Inc)", "score": 31.119096756, "published": true}, {"hash": "19hZq7Ke9Zl", "uri": "/contracts/19hZq7Ke9Zl#material-obligations", "label": "Exclusive License Agreement (Quadrant Biosciences Inc)", "score": 31.119096756, "published": true}], "size": 7, "hash": "1cf41703dc906b80f1d05ebf30a469c0", "id": 4}, {"snippet": "as of any date, (a) Indebtedness (other than Indebtedness under the Loan Documents and Indebtedness in respect of Capital Leases) of the Borrower or its Subsidiaries in an aggregate principal amount exceeding $75,000,000, or (b) obligations under leases in respect of interests in real property (whether operating leases or Capital Leases) of the Borrower or its Subsidiaries in an aggregate principal amount exceeding $75,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of Indebtedness and such other obligations at such date shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary, as applicable, would be required to pay if such Indebtedness and such obligations became due and payable on such date.", "snippet_links": [{"key": "indebtedness-under-the-loan-documents", "type": "clause", "offset": [45, 82]}, {"key": "in-respect-of", "type": "definition", "offset": [100, 113]}, {"key": "capital-leases", "type": "clause", "offset": [114, 128]}, {"key": "of-the-borrower", "type": "clause", "offset": [130, 145]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [172, 198]}, {"key": "obligations-under-leases", "type": "clause", "offset": [229, 253]}, {"key": "interests-in-real-property", "type": "clause", "offset": [268, 294]}, {"key": "operating-leases", "type": "clause", "offset": [304, 320]}, {"key": "for-purposes-of", "type": "clause", "offset": [432, 447]}, {"key": "other-obligations", "type": "clause", "offset": [530, 547]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [574, 598]}, {"key": "netting-agreements", "type": "definition", "offset": [621, 639]}, {"key": "to-pay", "type": "clause", "offset": [712, 718]}, {"key": "due-and-payable", "type": "definition", "offset": [768, 783]}], "samples": [{"hash": "9OpUXd1Szi6", "uri": "/contracts/9OpUXd1Szi6#material-obligations", "label": "Credit Agreement (KOHLS Corp)", "score": 28.8384666443, "published": true}, {"hash": "6Glo6SNj6ek", "uri": "/contracts/6Glo6SNj6ek#material-obligations", "label": "Credit Agreement (KOHLS Corp)", "score": 26.4976043701, "published": true}, {"hash": "5NtOMXHORM1", "uri": "/contracts/5NtOMXHORM1#material-obligations", "label": "Credit Agreement (KOHLS Corp)", "score": 22.4866523743, "published": true}], "size": 6, "hash": "48526f71438b6050f4a81c2be411f72d", "id": 5}, {"snippet": "means, as of any date, Indebtedness or other obligations (other than Indebtedness or other obligations under the Loan Documents) of any one or more of the Borrower or any Subsidiary in an aggregate principal amount exceeding $1,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of any Indebtedness or other obligations at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or any Subsidiary, as applicable, would be required to pay if such Indebtedness or other obligations became due and payable on such day.", "snippet_links": [{"key": "other-obligations", "type": "clause", "offset": [39, 56]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [91, 127]}, {"key": "of-the-borrower", "type": "clause", "offset": [148, 163]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [188, 214]}, {"key": "for-purposes-of", "type": "clause", "offset": [237, 252]}, {"key": "at-any-time", "type": "clause", "offset": [351, 362]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [376, 400]}, {"key": "netting-agreements", "type": "definition", "offset": [423, 441]}, {"key": "to-pay", "type": "clause", "offset": [513, 519]}, {"key": "due-and-payable", "type": "definition", "offset": [569, 584]}], "samples": [{"hash": "52hlS0wp0R9", "uri": "/contracts/52hlS0wp0R9#material-obligations", "label": "Credit Agreement (Virtus Investment Partners, Inc.)", "score": 22.1608486176, "published": true}, {"hash": "jnBnNDnAlbb", "uri": "/contracts/jnBnNDnAlbb#material-obligations", "label": "Credit Agreement (Virtus Investment Partners, Inc.)", "score": 21.0, "published": true}], "size": 6, "hash": "7a793b8f7be1dd2d5a2184fb03d591f9", "id": 6}, {"snippet": "means as of any date, Indebtedness (other than Indebtedness under the Loan Documents) or operating leases of any one or more of the Borrower or any Restricted Subsidiary or, in the case of the Borrower only, any Guarantee, in an aggregate principal amount exceeding $20,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of Indebtedness, operating leases or Guarantees at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Restricted Subsidiary, as applicable, would be required to pay if such Indebtedness, operating leases or Guarantees became due and payable on such day.", "snippet_links": [{"key": "indebtedness-under-the-loan-documents", "type": "clause", "offset": [47, 84]}, {"key": "operating-leases", "type": "clause", "offset": [89, 105]}, {"key": "of-the-borrower", "type": "clause", "offset": [125, 140]}, {"key": "restricted-subsidiary", "type": "definition", "offset": [148, 169]}, {"key": "in-the-case", "type": "clause", "offset": [174, 185]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [229, 255]}, {"key": "for-purposes-of", "type": "clause", "offset": [279, 294]}, {"key": "at-any-time", "type": "clause", "offset": [400, 411]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [425, 449]}, {"key": "netting-agreements", "type": "definition", "offset": [472, 490]}, {"key": "to-pay", "type": "clause", "offset": [574, 580]}, {"key": "due-and-payable", "type": "definition", "offset": [641, 656]}], "samples": [{"hash": "iZ0uQERPDPV", "uri": "/contracts/iZ0uQERPDPV#material-obligations", "label": "Credit Agreement (Cleco Power LLC)", "score": 21.0, "published": true}, {"hash": "5b2xc3FwaSh", "uri": "/contracts/5b2xc3FwaSh#material-obligations", "label": "Credit Agreement (Cleco Corp)", "score": 21.0, "published": true}], "size": 5, "hash": "741d1cf7f062dcfda2843b44e51ffa0f", "id": 7}, {"snippet": "means Indebtedness (other than Indebtedness under this Indenture and the Notes) or other obligations of any one or more of the Parent or any of the Subsidiaries in an aggregate principal amount equal to or exceeding $4,000,000. For purposes of determining Material Obligations, the \"principal amount\" of the obligations of the Parent or any Subsidiary in respect of any Hedging Contract at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Parent or any Subsidiary, as applicable, would be required to pay if such Hedging Contract were terminated at such time.", "snippet_links": [{"key": "indenture-and-the-notes", "type": "clause", "offset": [55, 78]}, {"key": "other-obligations", "type": "clause", "offset": [83, 100]}, {"key": "the-subsidiaries", "type": "clause", "offset": [144, 160]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [167, 193]}, {"key": "equal-to", "type": "definition", "offset": [194, 202]}, {"key": "for-purposes-of", "type": "clause", "offset": [228, 243]}, {"key": "obligations-of-the-parent", "type": "clause", "offset": [308, 333]}, {"key": "in-respect-of", "type": "definition", "offset": [352, 365]}, {"key": "hedging-contract", "type": "definition", "offset": [370, 386]}, {"key": "at-any-time", "type": "clause", "offset": [387, 398]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [412, 436]}, {"key": "netting-agreements", "type": "definition", "offset": [459, 477]}, {"key": "to-pay", "type": "clause", "offset": [547, 553]}], "samples": [{"hash": "h8UH6S1lPZG", "uri": "/contracts/h8UH6S1lPZG#material-obligations", "label": "Indenture (Arch Wireless Inc)", "score": 18.0, "published": true}, {"hash": "gjuG5Rnxd8W", "uri": "/contracts/gjuG5Rnxd8W#material-obligations", "label": "Indenture (Arch Wireless Inc)", "score": 18.0, "published": true}, {"hash": "eUsa8TVx8xX", "uri": "/contracts/eUsa8TVx8xX#material-obligations", "label": "Indenture (Arch Wireless Inc)", "score": 18.0, "published": true}], "size": 4, "hash": "64d0181342a2d09692e9b47acd15e4b4", "id": 8}, {"snippet": "shall have the meaning set forth in Section 7.1(b).", "snippet_links": [], "samples": [{"hash": "fDkDu37Xq0H", "uri": "/contracts/fDkDu37Xq0H#material-obligations", "label": "Bridge Credit Agreement (Axtel Sab De Cv)", "score": 21.0, "published": true}, {"hash": "aEY26I8MgMV", "uri": "/contracts/aEY26I8MgMV#material-obligations", "label": "Credit Agreement (Axtel Sab De Cv)", "score": 21.0, "published": true}, {"hash": "90Xl4Di0MUv", "uri": "/contracts/90Xl4Di0MUv#material-obligations", "label": "Credit Agreement (Axtel Sab De Cv)", "score": 21.0, "published": true}], "size": 4, "hash": "fb0361d9173fbeae2638c8a76b1ebc42", "id": 9}, {"snippet": "means (a) Debt, (b) Off-Balance Sheet Liabilities and/or (c) obligations under one or more Swap Agreements, in each case, of the Company and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate outstanding amount exceeding $75,000,000, other than (i) the Loans and Letters of Credit and (ii) Debt owing to the Company or any of its Subsidiaries. For purposes of determining Material Obligations, the amount of the obligations of the Company or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Company or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time.", "snippet_links": [{"key": "balance-sheet-liabilities", "type": "definition", "offset": [24, 49]}, {"key": "swap-agreements", "type": "definition", "offset": [91, 106]}, {"key": "each-case", "type": "definition", "offset": [111, 120]}, {"key": "unrelated-transactions", "type": "clause", "offset": [211, 233]}, {"key": "aggregate-outstanding-amount", "type": "definition", "offset": [241, 269]}, {"key": "the-loans-and-letters-of-credit", "type": "clause", "offset": [308, 339]}, {"key": "to-the-company", "type": "definition", "offset": [360, 374]}, {"key": "for-purposes-of", "type": "clause", "offset": [403, 418]}, {"key": "the-obligations-of-the-company", "type": "clause", "offset": [467, 497]}, {"key": "in-respect-of", "type": "definition", "offset": [516, 529]}, {"key": "at-any-time", "type": "clause", "offset": [549, 560]}, {"key": "maximum-aggregate-amount", "type": "clause", "offset": [574, 598]}, {"key": "netting-agreements", "type": "definition", "offset": [621, 639]}, {"key": "to-pay", "type": "clause", "offset": [695, 701]}], "samples": [{"hash": "er5gibWm7eO", "uri": "/contracts/er5gibWm7eO#material-obligations", "label": "Credit Agreement (Masco Corp /De/)", "score": 29.1040382385, "published": true}, {"hash": "eWPo6Rpgzdr", "uri": "/contracts/eWPo6Rpgzdr#material-obligations", "label": "Credit Agreement (Masco Corp /De/)", "score": 26.4209442139, "published": true}, {"hash": "2d5z0CdULOo", "uri": "/contracts/2d5z0CdULOo#material-obligations", "label": "Credit Agreement (Masco Corp /De/)", "score": 24.2525672913, "published": true}], "size": 4, "hash": "abc5aa4cb659640a0194bafd339607bc", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdbWF0ZXJpYWwtb2JsaWdhdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Material Obligations", "snippet": "means as of any date, Indebtedness (other than Indebtedness under the Loan Documents) or operating leases of any one or more of the Borrower or any Subsidiary or, in the case of the Borrower only, any Guarantee, in an aggregate principal amount exceeding $35,000,000. For purposes of determining Material Obligations, the \u201cprincipal amount\u201d of Indebtedness, operating leases or Guarantees at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary, as applicable, would be required to pay if such Indebtedness, operating leases or Guarantees became due and payable on such day.", "size": 137, "id": "material-obligations", "examples": ["The Borrower will pay and discharge all its <strong>Material Obligations</strong>, in each case, including, without limitation, tax liabilities, except where the same may be contested in good faith by appropriate proceedings, and will maintain, in accordance with generally accepted accounting principles, appropriate reserves for the accrual of any of the same.", "The Borrower or any Subsidiary shall fail to make any payment (whether of principal, interest or otherwise and regardless of amount) in respect of any <strong>Material Obligations</strong> when and as the same shall become due and payable (after giving effect to any applicable grace period).", "Grantor and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 agree that these <strong>Material Obligations</strong> bear no relationship to the technology employed by the Grantee or a wireline cable service provider competitor and as such can reasonably be expected to be applied fairly across all wireline cable service competitors.", "CEVOTEC accepts no liability for a slightly negligent breach of any duties which are not <strong>Material Obligations</strong>.", "The Grantor will have one hundred twenty (120) days to agree to allow Grantee to adopt the same <strong>Material Obligations</strong> provided to the wireline cable service competitor, or dispute that the <strong>Material Obligations</strong> are different.", "In the event the Grantor disputes the <strong>Material Obligations</strong> are different, Grantee may bring an action in a competent court of law for a determination as to whether the <strong>Material Obligations</strong> are different and as to what Franchise amendments would be necessary to remedy the disparity.", "Now, the median barrier extends over more than half of the Malahat corridor.", "As part of this Franchise, the Grantor and Grantee have mutually agreed that the following material Franchise terms may be used to compare Grantee&#x27;s Franchise to a wireline cable service provider competitor: a 5% (five percent) Franchise fee, PEG funding, PEG Access Channels, and customer service obligations (hereinafter &quot;<strong>Material Obligations</strong>&quot;).", "Within one (1) year of the adoption of an agreement with another Cable Operator for the provision of wireline cable service, Grantee must notify the Grantor in writing of the <strong>Material Obligations</strong> in this Franchise that Grantee believes exceed the <strong>Material Obligations</strong> of the wireline cable service competitor&#x27;s Franchise or similar authorization.", "<strong>Material Obligations</strong> under this Agreement shall cover any duties which need to be rendered to the Client pursuant to the Agreement\u2019s aim or which enable the proper performance of this Agreement and where the Client may trust in the compliance of such obligations."], "related": [["material-obligation", "Material Obligation", "Material Obligation"], ["material-financial-obligations", "Material Financial Obligations", "Material Financial Obligations"], ["financial-obligation", "Financial Obligation", "Financial Obligation"], ["obligations", "Obligations", "Obligations"], ["legal-financial-obligation", "Legal financial obligation", "Legal financial obligation"]], "related_snippets": [], "updated": "2026-04-24T04:48:06+00:00"}, "json": true, "cursor": ""}}