SPLC Obligations definition
SPLC Obligations means all liabilities of the Borrowers or any of their ---------------- Subsidiaries under the Reimbursement Agreement or with respect to the Special Purpose Letter of Credit, whether contingent or otherwise, including (a) the obligation to reimburse Issuing Bank for, or to deliver to the Administrative Agent, the amount available to be drawn or which may become available to be drawn under the Special Purpose Letter of Credit, (b) the obligation to reimburse the Administrative Agent or the Issuing Bank, as applicable, for all amounts that have been paid or made available by the Administrative Agent or the Issuing Bank with respect to the Special Purpose Letter of Credit to the extent not reimbursed, and (c) all unpaid interest, fees and expenses relating thereto.