Surviving Obligation definition

Surviving Obligation means any contingent obligation arising under a provision of this Agreement that expressly survives termination hereof as to which no claim has been asserted.
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Surviving Obligation means (a) each agreement and obligation set forth in Section 9.9 (Expenses), (b) the indemnification and reimbursement obligations of the Buyer under Section 5.13 and (c) the obligations to pay any Termination Fee or Prevailing Party Reimbursement Amount.
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Surviving Obligation means any contingent obligation arising under a provision of this Agreement that expressly survivestermination hereof as to which no claim has been asserted.
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Examples of Surviving Obligation in a sentence

  • Purchaser’s obligation to return such items to Seller upon termination of this Agreement shall be a Surviving Obligation.

  • All the members were asked to which category they belonged and 15% of the members could not respond clearly.

  • If such rezoning of the Property has not been accomplished to the standard therefor set forth in this Section 6.1.6 prior to the expiration of such two (2) year period, then it shall no longer be Surviving Obligation of PAID.

  • In the event Urban has not completed the Plans by Closing, then the obligations set forth in this Section 6.2.2 shall be a Surviving Obligation.

  • PAID and Urban agree that all contingencies, whether set forth in Article 7 or otherwise contained in this Agreement, as of the Closing Date, shall be deemed waived, satisfied and released unless otherwise identified herein as a Surviving Obligation.

  • PAID’s obligations pursuant to this Section 6.1.9 shall be a Surviving Obligation.

  • Landmark’s obligation to pay to PRLP liquidated damages to the extent required in accordance with this Section 11.3(a)(i) is a Surviving Obligation of Landmark and shall not terminate unless and until such amount has been paid in full.

  • In the event Buyer fails to perform its obligations pursuant to this Agreement in any material respect for any reason except the failure by the Sellers to perform hereunder, the Sellers shall be entitled as their sole and exclusive remedy, to terminate this Agreement and recover the Deposit as liquidated damages and not as penalty, in full satisfaction of claims against Buyer hereunder (excluding any non-monetary claim for breach of a Termination Surviving Obligation).

  • The enforcement of any Surviving Obligation shall be by litigation in accordance with the provisions of Section 12.7 hereof, except and to the extent the provisions of this Agreement specifically provide Urban with rent credits, the right to cure or self help, and the right to set off damages; provided, however, the exercise of any of such rights shall not preclude PAID from challenging the same by litigation in a court of competent jurisdiction.

  • The provisions of Section 7.1 and Section 7.2 shall not be construed to prevent a Defaulting Party from pursuing after Closing its remedies for breach of a Surviving Obligation in accordance with (and subject to the limitations set forth in) Section 5.4.

Related to Surviving Obligation

  • Surviving Obligations means any obligations of Tenant under this Lease, actual or contingent, which arise on or prior to the expiration or prior termination of this Lease or which survive such expiration or termination by their own terms.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Existing Obligations means the “Obligations” as defined in the Existing Credit Agreement.

  • Continuing Obligations mean obligations or responsibilities that are reasonably expected to continue or arise after Operations on a particular area of the Properties have ceased or are suspended, such as future monitoring, stabilization, or Environmental Compliance.

  • Surviving Indebtedness has the meaning specified in Section 7.02(s).

  • Revolving Obligations means the Revolving Loans, the Letter of Credit Obligations and the Swingline Loans.

  • Surviving Company has the meaning set forth in Section 2.1.

  • Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.

  • Surviving Entity has the meaning set forth in Section 2.1.

  • Accreting Obligation means any obligation (including, without limitation, a Convertible Obligation or an Exchangeable Obligation), the terms of which expressly provide for an amount payable upon acceleration equal to the original issue price (whether or not equal to the face amount thereof) plus an additional amount or amounts (on account of original issue discount or other accruals of interest or principal not payable on a periodic basis) that will or may accrete, whether or not (A) payment of such additional amounts is subject to a contingency or determined by reference to a formula or index, or (B) periodic cash interest is also payable.

  • Outstanding Obligations means, as of any date, and giving effect to making any Extension of Credit requested on such date and all payments, repayments and prepayments made on such date, (a) when reference is made to all Lenders, the aggregate outstanding principal amount of all Loans and (b) when reference is made to one Lender, the aggregate outstanding principal amount of all Loans made by such Lender.

  • Seller Obligations means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Seller to any Purchaser Party, Seller Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, and shall include, without limitation, all obligations of the Seller in respect of the Seller Guaranty and the payment of all Capital, Yield, Fees and other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencement of any Insolvency Proceeding with respect to the Seller (in each case whether or not allowed as a claim in such proceeding).

  • Surviving Corporation has the meaning set forth in Section 2.1.

  • Surviving organization means the organization resulting from a merger which:

  • Surviving Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before and after the Closing Date.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • Retained Obligations shall have the meaning set forth in Section 2.6.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Surviving Bank has the meaning set forth in Section 1.03.

  • Surviving Provisions has the meaning specified in Section 10.02.

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.