U.S. Secured Obligations definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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, 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.

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.
If sufficient amounts are not available to repay all outstanding U.S. Secured Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such U.S. Secured Obligations ratably based on the proportion of the U.S. Secured Parties’ interest in such U.S. Secured Obligations.
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.

More Definitions of U.S. Secured Obligations

U.S. Secured Obligations means all U.S. Obligations, together with all (a) Banking Services Obligations of the U.S. Loan Parties; (b) Swap Agreement Obligations of the U.S. Loan Parties and their Subsidiaries owing to one or more U.S. Lenders or their respective Affiliates (or any Person that was a Lender or an Affiliate of a Lender at the time the agreement was initially executed, or in the case of any agreement as in effect on the Fourth Restatement Date, was a Lender or an Affiliate of a Lender as of such date); provided that promptly after any transaction relating to such Swap Obligation is executed, the U.S. Lender or Affiliate of a U.S. Lender party thereto (other than Barclays or its Affiliates) 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 U.S. Lender Parties; and (c) all obligations of the U.S. Loan Parties in respect of all Guarantees provided by such U.S. Loan Parties of Indebtedness of Foreign Subsidiaries under Foreign Credit Extensions and Foreign Banking Services Obligations; provided that promptly after any such Guarantee by any U.S. Loan Party relating to such Foreign Credit Extensions and Foreign Banking Services Obligations is entered into, the U.S. Lender or Affiliate of a U.S. Lender party thereto (other than Barclays or its Affiliates) shall have delivered written notice to the Administrative Agent that such a Guarantee 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 U.S. Lender Parties.

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 U.S. Facility).

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

U.S. Secured Obligations means all U.S. Obligations, together with all (a) Banking Services Obligations owing by a U.S. Loan Party or LSIFCS; and (b) Swap Obligations of the U.S. Loan Parties and LSIFCS owing to one or more Hedge Providers; provided that not later than 30 days after such Hedge Provider becomes a Hedge Provider, the Lender or Affiliate of a Lender party thereto (other than JPMCB or any of its Affiliates) shall have delivered written notice to the Administrative Agent that such Person is a Hedge Provider; provided, further that the U.S. Secured Obligations with respect to any Guarantor shall not include Excluded Swap Obligations of such Guarantor.

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 Term Loan Obligations and the U.S. Revolver Obligations, or any or all of them, as the case may be.