ST Obligations definition

ST Obligations means the principal of, and premium, if any, payable on redemption or prepayment of, and interest on, all indebtedness and all other obligations now existing or hereafter incurred or owing under the ST Credit Documents, up to a maximum amount of $3,000,000, plus all fees, expenses, claims, charges and indemnity obligations.
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Examples of ST Obligations in a sentence

  • To the extent and in the manner hereafter set forth, the security interests, Liens, debt and right to payment of the ST Obligations are hereby expressly made subordinate and subject to the security interests, Liens, and debt of, and right of prior payment in full in cash of, all the CR Senior Obligations pursuant to the terms of this Intercreditor Agreement, unless and until the CR Senior Obligations shall have been indefeasibly paid in full and satisfied.

  • Notwithstanding anything contained in the ST Credit Documents or any other document or instrument evidencing or in any way relating to the ST Obligations, the security interests, liens and debt (including, without limitation, the ST Obligations) of SouthTrust in the Intercreditor Collateral are expressly "subordinate and junior" to the Liens of and indebtedness owing to the CR Senior Lenders.