Obligations Amount definition

Obligations Amount means the price at which FCX will be obligated to purchase the Pledged PTII Shares and/or the Pledged Borrower Shares or the interest of the lenders under the PTMI Facility under the terms of the Put Agreement, which will be an amount equal to the aggregate amount of the outstanding principal, interest and other amounts then owed by PTMI under the PTMI Facility.
View Source

Examples of Obligations Amount in a sentence

  • Purchaser’s Outstanding 5-Year Loan Obligations Amount shall be allocated (a) to Bid Loans only if, and to the extent, expressly provided in Exhibit A hereto; and (b) except as provided pursuant to clause (a), proportionately in all of the 5-Year Advances, as applicable, outstanding on the Effective Date.

  • If this Note has not yet been redeemed or otherwise repaid, the Note Obligations Amount (and all other outstanding Obligations) as of the Maturity Date shall be due and payable on the Maturity Date.

  • Panhandle Eastern will not, and will not permit any Subsidiary (other than the Borrower or TLNG) to, create, incur, assume or suffer to exist any Debt, unless if after giving effect to such Debt, the Priority Obligations Amount does not exceed 10% of the Consolidated Net Tangible Assets.

  • Transferor and Purchaser agree to make settlement among themselves, without involvement of the Administrative Agent, with respect to any interest accrued and outstanding on the Purchaser’s Outstanding Obligations Amount as of the Effective Date.

  • Each Lender Borrower hereby agree that if at any time the Obligations exceed the Maximum Obligations Amount as determined as of such time with regard to such Borrower, then the Loan Documents shall be automatically amended to reduce the Obligations to such Maximum Obligations Amount.

  • At any time prior to the occurrence of any redemption in full pursuant to Section 5, the Company may, at its option, redeem this Note for an amount in cash equal to the Note Obligations Amount in accordance with this Section 9(b) (an “Optional Redemption”).

  • The Purchase Price payable hereunder shall be increased by the actual amounts owed by Purchaser to Sellers pursuant to Sections 3.1, 3.2 and 3.3 of the Cooperation Agreement (as adjusted pursuant to Sections 2.3(b) or 5.4 of the Cooperation Agreement, if applicable) (the "Cooperation Agreement Obligations Amount").

  • In the event of a Non-Qualified IPO, but subject to the closing of such Non-Qualified IPO, if the Requisite Holders timely deliver an IPO Conversion Election as set forth in Section 3(b)(i), the Note Obligations Amount will convert in full on the closing date of such Non-Qualified IPO into a number of IPO Securities equal to (a) the outstanding Note Obligations Amount on such closing date, divided by (b) the applicable IPO Conversion Price.

  • Upon the occurrence of a New Note Exchange pursuant to Section 4(b), the Note Obligations Amount shall be exchanged for a New Note on the Initial Conversion Date in the aggregate principal amount set forth in Section 4(b).

  • To the extent that the Change of Control Event or Incurrence Event, as applicable, does not occur on the anticipated date contemplated in the notice delivered pursuant to this Section 5(c), the Company shall deliver notice upon the consummation of the Change of Control Event or Incurrence Event, as applicable, and shall make payment of the Note Obligations Amount on such date.