Permitted Liabilities definition
Permitted Liabilities means (a) all Contractual Obligations under the Loan Documents, (b) all taxes, assessments and governmental charges levied upon the Borrower or upon its income, profits or property, (c) all costs and expenses of the Independent Manager, (d) any other liabilities or obligations of any nature expressly allowed to be incurred by the Borrower pursuant to the definition of “Special Purpose Entity”, (e) liabilities and obligations incurred in the ordinary course of business or in connection with transactions not prohibited under the Loan Documents and (f) costs and expenses relating to the administration, ownership, management and Disposition of the Permitted Assets which (A) do not exceed, at the date of determination, a maximum amount equal to $200,000 and (B) are paid within thirty (30) days of the date incurred, or, if later, invoiced.
Permitted Liabilities has the meaning ascribed thereto in Section 3.10(c).
Permitted Liabilities means (a) all Contractual Obligations under the Loan Documents, (b) all taxes, assessments and governmental charges levied upon the Borrower or upon its income, profits or property, (c) all costs and expenses of the Independent Manager, (d) any other liabilities or obligations of any nature expressly allowed to be incurred by the Borrower pursuant to the definition of “Special Purpose Entity”, (e) liabilities and obligations incurred in the ordinary course of business or in connection with transactions not prohibited under the Loan Documents and (f) costs and expenses relating to the administration, ownership, management and Disposition of Permitted Assets which (A) do not exceed, at the date of determination, a maximum amount equal to $200,000 and (B) are paid within thirty (30) days of the date incurred, or, if later, invoiced.
Examples of Permitted Liabilities in a sentence
The Borrower shall not create, incur, assume or suffer to exist any Indebtedness, other than Permitted Liabilities.
More Definitions of Permitted Liabilities
Permitted Liabilities means Liabilities owed to trade creditors, to governmental entities for payroll and personal property taxes and other like Liabilities incurred in the Ordinary Course of Business not in excess of One Thousand Dollars ($1,000).
Permitted Liabilities means (a) all Contractual Obligations under the Loan Documents and the Other Margin Loan Documents, (b) all taxes, assessments and governmental charges levied upon the Borrower or upon its income, profits or property, (c) all costs and expenses of the Independent Manager, (d) any other liabilities or obligations of any nature expressly allowed to be incurred by the Borrower pursuant to the definition of “Special Purpose Entity” and (e) liabilities and obligations incurred in the ordinary course of business relating to the administration, ownership and management of the Collateral and the collateral for the Other Margin Loans which (A) do not exceed, at the date of determination, a maximum amount equal to the lesser of (x) two percent (2%) of the aggregate amount of the Loans and the Other Margin Loans then outstanding and (y) $200,000 and (B) are paid within thirty (30) days of the date incurred or, if later, invoiced.
Permitted Liabilities means the following:
Permitted Liabilities means Issuer’s liabilities pursuant to any Transaction Document, in each case other than (i) any liability resulting from a breach or misrepresentation by Issuer or any other event that would constitute a default, event of default or other termination event (howsoever described) under any Transaction Document or (ii) inadvertent liabilities, not to exceed $10,000.00 in the aggregate outstanding at any one time.
Permitted Liabilities means the liabilities and obligations described in clauses (i), (ii) and (iv) of Section 3.13.
Permitted Liabilities has the meaning specified in Section 2.02(a)(v).
Permitted Liabilities means, with respect to Chrysler México, (i) those non-onerous liabilities (non-onerous liabilities being understood to mean that they do not generate the obligation to pay Finance Charges), that it acquires in the normal course of its operations, (ii) those liabilities that it acquires with its shareholders, provided that they are in the normal course of its operations, consistent with past practices, for periods that do not exceed thirty days, (iii) those liabilities previously approved by the Majority of the Lenders, (iv) those liabilities that are generated by legal mandate in the normal course of its