Obliger definition
Examples of Obliger in a sentence
Pending such request, such Obligor shall keep such items at its chief executive office and principal place of business, which office and place of business shall be set forth in Exhibit 7.1, or at such other address as such Obliger may specify by notice actually received by the Agent not less than ten Banking Days prior to such change of address.
For purposes of the subrogation rights of the Credit Obliger hereunder, (i) any reference herein to the registered owners or Holders of the Bonds shall mean the Credit Obligor, (ii) any principal of, mandatory redemption premium, optional redemption premium and interest on the Bonds paid with moneys collected pursuant to the Letter of Credit shall be deemed to be unpaid hereunder, and (iii) the Credit Obligor may exercise any rights it would have hereunder as the Holder of the Bonds.
The Borrower or Obliger as applicable, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower or Obliger (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender if the Administrative Agent or such Lender is required to repay such refund or reduction to such Governmental Authority.
If a new Lender fails to indicate its status in accordance with this clause 14.5 then such Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a Qualifying Lender until such time as it notifies the Agent which category applies (and the Agent, upon receipt of such notification, shall inform the Obliger).
As soon as practicable after any payment of Indemnified Taxes or Other Taxes by an Obliger to a Governmental Authority, the Obliger shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.
There shall have been no material adverse change, as determined by Bank, in the financial condition or business of Borrower, any subsidiary or any Third Party Obliger hereunder, if any, nor any material decline, as determined by Bank, in the market value of any collateral required hereunder or a substantial or material portion of the assets of Borrower, any subsidiary or any such Third Party Obliger, if any.
The representations and warranties contained in clause 11.1 will be deemed to be repeated by each Obliger on the date of each Drawdown Request, on each Drawdown Date, the date of each Selection Notice and on each Interest Payment Date by reference to the facts and circumstances then existing (except for the representation in clauses 11.1 (q)(i) which will not be repeated after the first Drawdown Date).
Now the condition of the above written obligation is such that if the Obliger duly fulfill and comply with all the conditions mentioned in the Sanction Order when the above written bond or obligation shall be avoid and of no effect but otherwise it shall remain in full force, effect & virtue.
Each Obliger irrevocably agrees that it and its assets are, and will be, subject to any proceedings, attachment or execution in relation to its obligations under any Finance Document.
For purposes of this Agreement, "Obliger" shall mean any guarantor, any party pledging collateral to the Bank, or, if the Borrower is comprised of the trustees of a trust, any ▇▇▇▇▇▇▇.