Outstanding Reimbursement Obligations definition

Outstanding Reimbursement Obligations means, at any time of determination, any Reimbursement Obligation that has not been paid in full.
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Outstanding Reimbursement Obligations means, at any time of determination, any Reimbursement Obligation that has not been paid in full. “Overnight Bank Funding Rate” means for any day, the rate comprised of both overnight federal funds and overnight eurocurrency borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the Federal Reserve Bank of New York (“NYFRB”), as set forth on its public website from time to time, and as published on the next succeeding Business Day as the overnight bank funding rate by the NYFRB (or by such other recognized electronic source (such as Bloomberg) selected by the Administrative Agent for the purpose of displaying such rate); provided, that if such day is not a Business Day, the Overnight Bank Funding Rate for such day shall be such rate on the immediately preceding Business Day; provided, further, that if such rate shall at any time, for any reason, no longer exist, a comparable replacement rate determined by the Administrative Agent at such time (which determination shall be conclusive absent manifest error). If the Overnight Bank Funding Rate determined as above would be less than zero, then such rate shall be deemed to be zero. The rate of interest charged shall be adjusted as of each Business Day based on changes in the Overnight Bank Funding Rate without notice to the Borrower. “Participant” has the meaning set forth in Section 14.03(a). “Participant Register” has the meaning set forth in Section 14.03(e). “Participation Advance” has the meaning set forth in Section 3.04(c). “Patriot Act” has the meaning set forth in Section 14.15. “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. “Pension Plan” means a pension plan as defined in Section 3(2) of ERISA that is subject to Title IV of ERISA with respect to which any Originator, the Borrower or any other member of the Controlled Group may have any liability, contingent or otherwise. “Performance Guarantor” means Davey Tree. “Performance Guaranty” means the Performance Guaranty, dated as of the Closing Date, by the Performance Guarantor in favor of the Administrative Agent for the benefit of the Secured Parties, as such agreement may be amended, restated, supplemented or otherwise modified from time to time. “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government...
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Outstanding Reimbursement Obligations means, at any time of determination, any Reimbursement Obligation that has not been paid in full. “Overnight Bank Funding Rate” means for any day, the rate comprised of both overnight federal funds and overnight eurocurrency borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the Federal Reserve Bank of New York (“NYFRB”), as set forth on its public website from time to time, and as published on the next succeeding Business Day as the overnight bank funding rate by the NYFRB (or by such other recognized electronic source (such as Bloomberg) selected by the Administrative Agent for the purpose of displaying such rate); provided, that if such day is not a Business Day, the
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Examples of Outstanding Reimbursement Obligations in a sentence

  • Outstanding Reimbursement Obligations shall bear interest at the Highest Lawful Rate and such interest shall be payable on demand.

  • The Owners, the Master Trustee, any Hedge Provider and any issuer of Credit Enhancement or Liquidity Facility shall not have any right to accelerate the payment of principal or interest due on any Bonds Outstanding, Reimbursement Obligations or payments due under Parity Hedge Agreements upon the occurrence of an Event of Default.

  • Outstanding Reimbursement Obligations shall bear interest at the Default Rate and such interest shall be payable on demand.

  • Outstanding Reimbursement Obligations shall bear interest at the rate per annum equal to two percent (2.00%) above the sum of the Base Rate plus the Base Rate Margin but in no event to exceed the Highest Lawful Rate, and such interest shall be payable on demand.

  • Following the Commitment Expiry Date, no additional Advances or Collateral Instruments may be requested by the Borrower and the Total Outstandings and any Total Outstanding Reimbursement Obligations as at the Commitment Expiry Date shall be repaid in accordance with the provisions of Clause 4.3 hereof and cash collateral shall be provided to the Agent for the account of the Issuing Bank in an amount equal to the Maximum Collateral Instrument Drawings.

  • The interest rate on Outstanding Reimbursement Obligations is determined by reference to LMIR, which is derived from the London interbank offered rate.

  • Outstanding Reimbursement Obligations shall bear interest (i) at the rate then applicable to ABR Loans to and including the fifth day after such Reimbursement Obligations become outstanding and (ii) at the Default Rate thereafter, and such interest shall be payable on demand.

  • Outstanding Reimbursement Obligations shall bear interest at a rate per annum equal to the lesser of (i) the Prime Based Rate or (ii) the Maximum Rate.