Required Obligations definition
Examples of Required Obligations in a sentence
The Orbotech Required Obligations shall be in the same form as those to be given by each of the other shareholders of the Company and shall be given by Orbotech on a several (but not joint) basis only.
The Intel Required Obligations shall be in the same form as those to be given by each of the other shareholders of the Company and shall be given by Intel on a several (but not joint) basis only.
Notwithstanding clause 2.1, the Transferor is not released, relieved or discharged from liability under the Original Agreement before the Effective Date, or any breach of any provision of the Original Agreement by the Transferor occurring before the Effective Date (to the extent that it is not remedied by the Effective Date) in so far as the Original Agreement relates to the Required Obligations.
Written notice at least 120 days prior to the taking of any action permitted under (i) Section 8.1(v)(A), (ii) Section 8.3(i), (iii) Section 8.5(a)(i) to the extent such action relates to a Restricted Payment to Arch (other than such a Restricted Payment on a day on which Arch is obligated to make a payment in respect of Required Obligations so long as the amount thereof does not exceed the amount of the Required Obligations payable on such date) and (iv) Section 8.8(b).
The Intel Required Obligations shall be in the same form as these to be given by each of the other shareholders of the Company and shall be given by Intel on a several (but not joint) basis only.
The Transferee warrants to the Council that, as at the Effective Date, the Transferee is financially capable of performing the Required Obligations in accordance with the Original Agreement.
Each Holdco Party assumes the responsibility for being and keeping itself informed of the financial condition of each Obligor and of all other circumstances bearing upon the risk of nonpayment or nonperformance of the Required Obligations that diligent inquiry would reveal, and agrees that the TW Parties shall have no duty to advise any Holdco Party of information regarding such condition or any such circumstances.
At such time as all Texas Units and all Georgia Units are held by one or more of the TW Parties, the Texas Acquisition Subsidiaries, the Georgia Acquisition Subsidiaries and/or Holdco, the parties shall take all reasonable actions to terminate all obligations (including the Required Obligations), whether absolute, accrued, contingent, inchoate or otherwise under the Relevant Agreements (other than the Zero Coupon Note Indenture, but including the Georgia Guarantee and the Texas Guarantee).
If Lessor shall fail to perform any replacements or provide any service required to be performed or provided of Lessor under this Lease (collectively, "Required Obligations"), Lessee, at Lessee's election (but without any obligation to do so), may perform any of such Required Obligations for the account of Lessor.