New Obligations definition

New Obligations means all obligations of any of the Trustors from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including any Post-Petition Interest) on the indebtedness for borrowed money outstanding under each New Facility, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any Bankruptcy Proceeding with respect to any Trustor, regardless of whether allowed or allowable in such proceeding), of the Trustors under the New Documents owing to the New Secured Parties (in their capacity as such). For the avoidance of doubt, as of the date hereof, there are no New Obligations outstanding.
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New Obligations has the meaning assigned to such term in the Collateral Trust Agreement.
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New Obligations shall have the meaning set forth in the recitals.
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Examples of New Obligations in a sentence

  • On or after the date of this Agreement, the Issuer may from time to time designate additional obligations as New Obligations by delivering to the Collateral Agent a fully executed Pari-Passu Joinder Agreement (except in the case of Additional Notes) and otherwise complying with Section 2.02 of the Collateral Agreement.

  • The Acceding Bank undertakes to the Existing Banks, the Agent and the Borrower that it shall assume the New Obligations on and from the Accession Date.

  • If any Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Company or any other Credit Party any amount (a “Recovery”), then such Secured Party, as applicable, shall be entitled to a reinstatement of Senior Obligations or New Obligations, as applicable, with respect to all such recovered amounts.

  • The Borrower desires to confirm its liability for the Assumed Obligations and incur from time to time hereafter indebtedness to the Bank in addition to the Assumed Obligations by future loans to be made from time to time by the Bank to the Borrower under and pursuant to the Credit Agreement (such additional indebtedness, both for principal and interest, being hereinafter referred to as the "New Obligations").

  • The Obligation Proceeds Account shall contain two subaccounts, designated the "Roll-Over Subaccount" and the "New Subaccount." The Agent shall deposit into the Roll-Over Subaccount all proceeds received from the sale of Roll-Over Obligations and shall deposit into the New Subaccount all proceeds received from the sale of New Obligations.

  • The Company hereby agrees that it shall not incur indebtedness for borrowed money, nor shall it permit any person to become a party to the Security Agreement and a holder of New Obligations (as defined in the Security Agreement), unless the material terms of any such indebtedness are made available to the Lenders and such terms are no more favorable to the proposed lender than the terms of the transactions contemplated by this Agreement, without the prior written consent of the Lenders.

  • Less: New Obligations: Total Shortfall (B9) 6/3 Plus: Interest earned on Cash Reserve Acct.

  • This Revolving Collateral Agent Joinder Agreement constitutes (i) the notice required by Section 5.03(b) of the Intercreditor Agreement and (ii) a Notice of New Obligations in accordance with Section 5.05 of the Intercreditor Agreement and, accordingly, the undersigned shall forthwith be a New Agent as set forth in Section 5.05 of the Intercreditor Agreement.

  • No Holder or holder of any New Obligations shall have any independent rights hereunder other than those rights granted to individual Holders pursuant to Section 6.07 of the Indenture or comparable provision for holders of New Obligations under any New Document; provided that nothing in this subsection shall limit any rights granted to the Trustee under the Notes or the Indenture or any New Representative under any New Document.

  • No holder of any Note Obligations or holder of any New Obligations shall have any independent rights hereunder other than those rights granted to individual holders of Note Obligations pursuant to Section [6.07] of the Indenture or comparable provision for holders of New Obligations under any New Document; provided that nothing in this subsection shall limit any rights granted to the Indenture Trustee under the Notes or the Indenture or any New Representative under any New Document.


More Definitions of New Obligations

New Obligations means the obligations and responsibilities of the Acceding Bank in relation on the New Commitments which shall be identical to the obligations and responsibilities under the Transaction Documents of the Existing Banks in relation to their respective Commitments.
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New Obligations means any Third Lien Obligations or Fourth Lien Obligations, as the case may be, that become subject to the terms of this Agreement pursuant to a Joinder Agreement in accordance with Section 5.6.
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New Obligations means the New Secured Exit Financing Facility, New 1L Secured Obligations, New 2L Secured Loan and New Common Equity.
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New Obligations means all obligations (including guaranty obligations) of every nature of the Company, from time to time owed to the Purchasers or any of them, under any Junior Documents, whether for principal, premium, interest (including interest accruing subsequent to the filing of a petition in bankruptcy with respect to the Company to the extent a claim is allowed against the Company for such interest in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise.
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New Obligations means the “Obligations” as defined in the New Credit Agreement.
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Related to New Obligations

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

  • 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.

  • 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.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.