Definition of Non-Contingent Obligations


Non-Contingent Obligations means all Obligations other than (i) those contingent indemnity obligations for which no demand has been made, (ii) Letters of Credit that have been fully Cash Collateralized, (iii) Banking Services Obligations and (iv) Hedging Obligations.

Examples of Non-Contingent Obligations in a sentence

Upon the occurrence and during the continuation of an Event of Default, (i) all Non-Contingent Obligations (except for undrawn Letters of Credit) shall bear interest at a per annum rate equal to 3.00 percentage points above the Reference Rate, and (ii) the Letter of Credit fee provided in Section 2.6(b) shall be increased to 3.50% per annum times the amount of the undrawn Letters of Credit that were outstanding during the immediately preceding month.
Except as provided in clause (c) below, (i) Each Eurodollar Rate Loan (including any Capital Expenditure Loans that are Eurodollar Rate Loans) shall bear interest at a per annum rate of 3.75 percentage points above the Adjusted Eurodollar Rate; and (ii) all other Non-Contingent Obligations (except for undrawn Letters of Credit) shall bear interest at a per annum rate of00 percentage points above the Reference Rate.