U.S. Secured Obligations definition

U.S. Secured Obligations means, collectively, (a) the US Obligations and (b) all existing or future payment and other obligations owing by any US Credit Party or any US Subsidiary thereof under (i) any Secured Hedge Agreement with a US Hedge Bank and (ii) any Secured Cash Management Agreement with a US Cash Management Bank.

U.S. Secured Obligations means all Secured Obligations of the US Loan Parties.

U.S. Secured Obligations means (a) all U.S. Obligations, and (b) all Bank Product Obligations the U.S. Loan Parties; provided, further, that the “Bank Product Obligations” of a U.S. Loan Party shall exclude any Excluded Swap Obligations with respect to such U.S. Loan Party.

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.

• From and after the Re-Domicile Date, this Section 2.3(1)(b) shall not require a prepayment of the US Secured Obligations to the extent such requirement could result in the operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction (as reasonably determined by the Borrower).

• 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.

• 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.

More Definitions of U.S. Secured Obligations

U.S. Secured Obligations means, collectively, (a) the US Obligations and (b) all existing or future payment and other obligations owing by any US Credit Party under (i) any Secured Hedge Agreement with a US Hedge Bank and (ii) any Secured Cash Management Agreement with a US Cash Management Bank.

U.S. Secured Obligations means Secured Obligations that are owing by the US Borrower or any US Guarantor.

U.S. Secured Obligations means (a) all Obligations owing by any US Loan Party, (b) all Banking Services Obligations owing by any US Loan Party and (c) Swap Obligations owing by any US Loan Party to one or more US Revolving Lenders or their respective Affiliates; provided that at or prior to the time that any transaction relating to a Swap Obligation is executed, the US Revolving Lender or an Affiliate thereof party thereto (other than Chase) shall have delivered written notice to the Administrative Agent that such a transaction has been entered into and that it constitutes a US Secured Obligation entitled to the benefits of the Collateral Documents.

U.S. Secured Obligations means the “Secured Obligations”, as defined in the US Security Agreement.

U.S. Secured Obligations means (a) all Obligations owing by any U.S. Loan Party, (b) all Banking Services Obligations owing by any U.S. Loan Party, (c) Swap Obligations owing by any U.S. Loan Party to one or more U.S. Lenders or their respective Affiliates; provided that at or prior to the time that any transaction relating to a Swap Obligation is executed, the U.S. Lender or an Affiliate thereof party thereto (other than JPMCB) shall have delivered written notice to the Administrative Agent that such a transaction has been entered into and that it constitutes a U.S. Secured Obligation entitled to the benefits of the Collateral Documents, and (d) all obligations owing by the Canadian Borrower in respect of its guaranty of Obligations of the U.S. Borrower.

U.S. Secured Obligations means the Secured Obligations (as defined in the U.S. Facility).

U.S. Secured Obligations means all U.S. Obligations, together with all (a) Banking Services Obligations of the U.S. Loan Parties and (b) Swap Obligations of the U.S. Loan Parties owing to one or more counterparties that are Lenders or Affiliates of Lenders at the time that such Swap Obligations are incurred; provided that at or prior to the time that any transaction relating to such Swap Obligation is executed, the Lender or Affiliate of a Lender and the U.S. Loan Party party thereto shall have delivered written notice to the Administrative Agent that such a transaction has been entered into and that it constitutes a U.S. Secured Obligation entitled to the benefits of the Collateral Documents in favor of the Lender Parties.