Obligations Documents definition
Examples of Obligations Documents in a sentence
Nothing in this Agreement is intended to or shall impair the obligations of Obligors under the Obligations Documents.
The Company shall commence an Asset Sale Offer with respect to Excess Proceeds within twenty (20) Business Days after the date that Excess Proceeds exceed the Excess Proceeds Threshold by sending the notice required pursuant to the terms of the Equal Priority Obligations Documents and this Indenture, with a copy to the Trustee in the case of this Indenture.
In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any of the ABL Facility Documents and/or any of the First-Priority Lien Obligations Documents, the provisions of this Agreement shall control.
No First Lien Obligations Secured Party shall have any duty to any Second Lien Obligations Representative or any other Second Lien Obligations Secured Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with the Company or any subsidiary thereof (including the Second Lien Obligations Documents), regardless of any knowledge thereof that they may have or be charged with.
Each Collateral Agent and Representative represents and warrants to the other parties hereto that it is authorized under the ABL Facility or the applicable First-Priority Lien Obligations Documents, as applicable, to enter into this Agreement.
In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any of the Term Facility Documents, the RBL Facility Documents, any Other First-Priority Lien Obligations Documents and/or any Other Second-Priority Lien Obligations Documents, the provisions of this Agreement shall control.
Except as otherwise provided herein, all payments received by any First Lien Obligations Secured Party may be applied, reversed and reapplied, in whole or in part, to such part of the First Lien Obligations as the Applicable First Lien Agent in its sole discretion, or the First Lien Obligations Representatives in their sole discretion, deem appropriate, consistent with the terms of the First Lien Obligations Documents.
The Applicable Second Lien Agent and the relevant Second Lien Obligations Representatives may exercise rights and remedies as an unsecured creditor against the Company or any other Pledgor that has guaranteed the Second Lien Obligations in accordance with the terms of the applicable Second Lien Obligations Documents and applicable law, in each case to the extent not inconsistent with, or prohibited by, the provisions of this Agreement.
All Obligations from time to time owed to the Credit Agreement Secured Parties under the Obligations Documents (including any post-petition interest, whether or not allowed or allowable in any insolvency proceeding) (the “Credit Agreement Obligations”).
To the extent that an insured loss covers or constitutes ABL Priority Collateral and LC Priority Collateral, then the ABL Collateral Agent and the LC Collateral Agent will work jointly and in good faith to collect, adjust or settle (subject to the rights of the Grantors under the ABL Documents and the LC Obligations Documents) under the relevant insurance policy.