Novated Obligations means all of the Transferor’s obligations (but excluding the Retained Obligations) under or in respect of the Credit Documentation corresponding to the Traded Portion including, without limitation, any commitment under the Credit Documentation to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Traded Portion.”
Novated Obligations means all the liabilities and obligations of the “Borrower” under the Financial Agreement; and
Novated Obligations means for the purposes of Clause 2.1, all obligations of the Original Owner as “Owner” under the Time Charter;
Examples of Novated Obligations in a sentence
Clause 2.1 of the LMA Transfer Agreement 2010 Terms made provision in relation to the consent of “the beneficiary of any Credit Support” to the transfer by novation of the Novated Assets and the Novated Obligations.
The standard form LMA Transfer Agreement (Bank Debt) (January 2010) provides for “the transfer by way of novation of the Novated Assets and Novated Obligations from the Transferor to the Transferee”.
More Definitions of Novated Obligations
Novated Obligations means all the obligations expressed to be imposed on the Existing Charterer under or in connection with the Charterparty; and
Novated Obligations means all of the Credit Providers obligations under or in respect of the Funding Agreements corresponding to the Novated Portion including, without limitation, any commitment under the Funding Agreements to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Novated Portion;
Novated Obligations means all of the Transferor'’s obligations (but excluding the Retained Obligations) under or in respect of the Credit Documentation corresponding to the Traded Portion including, without limitation, any commitment under the Credit Documentation to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Traded Portion.;
Novated Obligations means the Novated Commodity Contracts and the Novated
Novated Obligations means all the obligations and liabilities expressed to be imposed on the OWNER under the Construction Contract and which obligations and liabilities shall, for the avoidance of doubt, include (without limitation) obligations and liabilities arising under or in respect of the Construction Contract at or before the Effective Time which have not been performed or satisfied at or before the Effective Time; and for the purpose of establishing or determining the obligations or liabilities of the parties under this Agreement and/or the Construction Contract, the acts or omissions, or any series of acts or omissions, or course of conduct, of the Builders or the Original Purchaser (including, without limitation, those acts or omissions or series of acts or omissions, or course of conduct creating or giving rise to a right of rescission or restitution, misrepresentation, negligence or breach of warranty or duty) which occurred or did not occur at or before the Effective Time whether in accordance with, or in breach of, the Construction Contract, or otherwise howsoever, may be relied upon by parties to this Agreement.
Novated Obligations means all the obligations and liabilities of "Owner" expressed to be imposed under, or otherwise arising under, out of or in connection with, the Old Contract, as such obligations and liabilities are to be novated subject to and in accordance with the terms and conditions of this Agreement (which obligations and liabilities shall, for the avoidance of doubt, include obligations and liabilities arising under the Old Contract on or before the date hereof which have not been performed or discharged on the date hereof including obligations and liabilities in respect of amounts invoiced by the Builder but not paid);
Novated Obligations means all the obligations, duties and liabilities of the Original Owner under the Charterparty.