Obligated Party has the meaning assigned to such term in Section 10.02.
Obligated Party means Borrower, each Guarantor or any other Person who is or becomes party to any agreement that obligates such Person to pay or perform, or that Guarantees or secures payment or performance of, the Obligations under the Loan Documents or any part thereof.
Obligated Party means any party other than Borrower who secures, guarantees and/or is otherwise obligated to pay all or any portion of the Indebtedness.
Examples of Obligated Party in a sentence
To the fullest extent permitted by Applicable Law, each Note Guarantor waives any defense arising out of any such election even though such election may operate, pursuant to Applicable Law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Note Guarantor against any Obligated Party or any security.
Without limiting the generalityof the foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand,protest and, to the fullest extent permitted by law, any notice not provided for herein, as well as anyrequirement that at any time any action be taken by any Person against any Obligated Party, or any otherPerson.
More Definitions of Obligated Party
Obligated Party has the meaning assigned to such term in Section 2.02.
Obligated Party means an energy distributor or retail energy sales company that is bound by the national energy efficiency obligation schemes referred to in Article 7;
Obligated Party means an energy distributor or retail energy sales company ⇨ or transmission system operator ⇦ that is bound by the national energy efficiency obligation schemes referred to in Article 97;
Obligated Party means any party other than Obligor, including, without limitation, Debtor, who secures, guarantees and/or is otherwise obligated to pay all or any portion of the Indebtedness. All words and phrases used herein which are expressly defined in Section 1.201 or Chapter 9 of the Code shall have the meaning provided for therein. Other words and phrases defined elsewhere in the Code shall have the meaning specified therein except to the extent such meaning is inconsistent with a definition in Section 1.201 or Chapter 9 of the Code.
Obligated Party means any Person who is or becomes party to any agreement that guarantees or secures payment and performance of the Obligations or any part thereof.
Obligated Party has the meaning specified in Section 4.03.
Obligated Party means each of the Borrowers and the Guarantors, individually, and “Obligated Parties” means two or more of such Persons, collectively.