Examples of U.S. Secured Obligations in a sentence
The US Protective Advances shall be secured by the Liens in favor of the US Collateral Agent in and to the Collateral and shall constitute US Secured Obligations hereunder.
The Borrower will take all actions necessary to ensure that the U.S. Secured Obligations will rank pari passu (or superior) in priority of payment with all of its existing and future unsecured and unsubordinated obligations of each U.S. Loan Party, except for obligations mandatorily preferred by applicable Requirements of Law.
To substitute such Affected Lender or pay in full the U.S. Secured Obligations owed to such Affected Lender under such U.S. Facility as described in the first sentence of clause (a) above, the Borrower shall deliver a notice to the Administrative Agent and such Affected Lender.
Unless otherwise provided in this Section 2.12 or elsewhere in any U.S. Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower pursuant to Section 2.7 shall be applied to repay the U.S. Secured Obligations the Borrower designates or, if no such direction is given, applied as provided in Section 2.12(d) hereto.
The Secured Obligations shall also be secured by Mortgages upon each Mortgaged Property, which such Mortgaged Properties are set forth in Schedule 9.1.13(b) hereto; provided, that notwithstanding anything to the contrary herein, no Canadian Mortgage shall secure the U.S. Secured Obligations.