Examples of Secured Obligations in a sentence
Debtors’ Motion for Entry of Order Approving Settlement of Objections to Prepetition Secured Obligations and Prepetition Liens [ECF No. 312].
As continuing Security for the due and punctual fulfilment of the Secured Obligations, the Issuer shall and shall procure that relevant security providers grant the Transaction Security to the Secured Parties as represented by the Trustee on the terms set out in the Security Documents.
Pursuant to section 3.01(a) of the 3 Secured Obligations” is defined in section 1.01 of the DIP Credit Agreement to mean “all Obligations, Swap Obligations permitted hereunder and Banking Services Obligations.” Canadian Security Agreement, the Applicants granted a security interest in all of their personal property in favour of the Administrative Agent as security for payment and performance of the Secured Obligations under the DIP Credit Agreement.
See First Interim DIP Order.14 However, in that order, the Court approved the Debtors’ stipulation to the allowance and enforceability of the Prepayment Premium and Back-End Facility Fee, subject to the rights of parties in interest, including “any committee,” to object to all or any part of the Prepetition Secured Obligations, on or before the date that was 60 days after entry of a final order approving the DIP Financing Agreement.
The Trustee shall, when acting as Security Agent for the Bonds, be entitled to release all Transaction Security upon the full discharge of the Secured Obligations, in accordance with the terms of the Security Documents.