Obtained Benefit definition

Obtained Benefit has the meaning assigned to such term in Section 2.01.
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Obtained Benefit means the aggregate amount of benefits, both direct and indirect, obtained by any of the Borrower, and the Guarantors from the extension of credit to the Borrower under this Agreement and not repaid by the Borrower or one of the Guarantors.
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Obtained Benefit means, with respect to any Borrower, the aggregate amount of benefits, both direct and indirect, obtained by the relevant Borrower from the extension of credit to the Borrowers under this Agreement and not repaid by the relevant Borrower.
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Examples of Obtained Benefit in a sentence

  • If any Indemnitor is unable to pay the Contribution Percentage of the Excess Payment, each Guarantor Subsidiary agrees to make a contribution to the Indemnitee to the extent necessary so that each Guarantor Subsidiary shares equally the liability for such Excess Payment in relation to the relative Obtained Benefit received by such Guarantor Subsidiary.

  • In the event that any Guarantor pays (whether through direct payments or as a result of providing Collateral for the Obligations) any amounts on the Obligations in excess of such Guarantor’s Obtained Benefit (the “Excess Payments”), such Guarantor shall be entitled to make demand on the Borrower for such Excess Payments, and, to the extent not recovered from the Borrower, to receive from each other Guarantor that received an Obtained Benefit, such Guarantor’s Contribution Percentage of the Excess Payment.

  • If any party obligated to make such a payment is unable to pay the Contribution Percentage of the Excess Payment, each Guarantor agrees to make a contribution to the party entitled to such payment to the extent necessary so that each Guarantor shares equally the liability for such Excess Payment in relation to the relative Obtained Benefit received by such Guarantor.

  • If any party obligated to make such a payment is unable to pay the Contribution Percentage of the Excess Payment, each other Credit Party agrees to make a contribution to the party entitled to such payment to the extent necessary so that each Credit Party shares equally the liability for such Excess Payment in relation to the relative Obtained Benefit received by such Credit Party.

  • If any party obligated to make such a payment is unable to pay the Contribution Percentage of the Excess Payment, each other Borrower agrees to make a contribution to the party entitled to such payment to the extent necessary so that each Borrower shares equally the liability for such Excess Payment in relation to the relative Obtained Benefit received by such Borrower.

  • In the event that any of the Borrowers pays (whether through direct payments or as a result of providing Collateral for the Obligations) any amounts on the Obligations in excess of the relevant Borrower’s Obtained Benefit (the “Excess Payments”), the relevant Borrower shall be entitled to make demand on the other Borrowers for such Excess Payments, and to receive from each other Borrower that received an Obtained Benefit, such Borrower’s Contribution Percentage of the Excess Payment.

  • In the event that any Credit Party pays (whether through direct payments or as a result of providing Collateral for the Obligations) any amounts on the Obligations in excess of such Credit Party’s Obtained Benefit (the “Excess Payments”), such Credit Party shall be entitled to make demand on the other Credit Parties for such Excess Payments, and to receive from each other Credit Party that received an Obtained Benefit, such Credit Party Contribution Percentage of the Excess Payment.

  • If any party obligated to make such a payment is unable to pay the Contribution Percentage of the Excess Payment, each other Borrowers agrees to make a contribution to the party entitled to such payment to the extent necessary so that each Borrowers shares equally the liability for such Excess Payment in relation to the relative Obtained Benefit received by such Borrowers.

  • In the event that any Credit Party pays (whether through direct payments or as a result of providing Collateral for the Obligations) any amounts on the Obligations in excess of such Credit Party's Obtained Benefit (the "Excess Payments"), such Credit Party shall be entitled to make demand on the other Credit Parties for such Excess Payments, and to receive from each other Credit Party that received an Obtained Benefit, such Credit Party Contribution Percentage of the Excess Payment.

  • In such regard, to the maximum extent permitted by law, each Borrowers shall indemnify, defend and hold harmless the other Borrowers from and against such Borrowers’ Contribution Percentage of any and all liability, claims, costs and expenses (including reasonable attorneys’ fees and expenses) arising with respect to the Obligations and exceeding such other Borrowers’ Obtained Benefit as provided herein.