Specified Obligations definition

Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

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Specified Obligations means Obligations consisting of (a) the principal of and interest on Loans and (b) reimbursement obligations in respect of Letters of Credit.

Specified Obligations means, collectively, (a) all Specified Hedge Obligations and (b) all Specified Cash Management Obligations.

Examples of Specified Obligations in a sentence

• If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Specified Obligations, if any, in the order set forth above.

• This Guaranty is a continuing and irrevocable guaranty of all Specified Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date.

• The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Specified Obligations arising under Specified Cash Management Agreements, Specified Hedge Agreements or Foreign Obligation Loan Documents in the case of a Facility Termination Date.

• The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Specified Obligations.

• If the Specified Parties so request, any such obligation or indebtedness of any such other Loan Party to the Subordinating Loan Party shall be enforced and performance received by the Subordinating Loan Party as trustee for the Specified Parties and the proceeds thereof shall be paid over to the Specified Parties on account of the Specified Obligations, but without reducing or affecting in any manner the liability of the Subordinating Loan Party under this Agreement.

More Definitions of Specified Obligations

Specified Obligations shall have the meaning assigned to such term in Section 2.13(b).

Specified Obligations means Obligations consisting of the principal of and interest on Loans, reimbursement obligations in respect of LC Disbursements (including interest accrued thereon), and fees.

Specified Obligations means any principal, interest, penalties, fees, indemnifications, reimbursements, cash collateral obligations, damages and other liabilities payable under the documentation governing any Specified Indebtedness (including, without limitation, interest, fees or expenses which accrue after the commencement of any bankruptcy case or proceeding, whether or not allowed or allowable as a claim in any such case or proceeding).

Specified Obligations means Obligations consisting of principal of and interest on the Term Loan and fees.

Specified Obligations shall have the meaning set forth on Schedule 1.2(d) hereto.

Specified Obligations means, collectively, (a) all Secured Hedge Obligations and (b) all Obligations owing by the Borrower or any of its Subsidiaries under any Secured Cash Management Agreement.

Specified Obligations means any obligation of any Loan Parties under the Loan Documents consisting of (i) the payment of principal of and interest on Loans and (ii) Reimbursement Obligations in respect of Letters of Credit.