Applicable Obligations means all of the Obligations; provided that (x) the Existing Senior Notes Obligations shall be excluded from the Applicable Obligations of the Trustor to the extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to be secured pursuant to this Deed of Trust, (y) the New Senior Notes Obligations shall be excluded from the Applicable Obligations of the Trustor to the extent the New Senior Notes Documents do not require the New Senior Notes Obligations to be secured pursuant to this Deed of Trust, and (z) the Refinancing Senior Notes Obligations shall be excluded from the Applicable Obligations of the Trustor to the extent the Refinancing Senior Notes Documents do not require the Refinancing Senior Notes Obligations to be secured pursuant to this Agreement. TO HAVE AND TO HOLD the above granted and described Trust Property unto the Trustee for the benefit of the Beneficiary and to their successors and assigns forever, and the Trustor hereby covenants and agrees on behalf of itself and its successors and assigns to warrant and defend the Trust Property unto the Trustee for the benefit of the Beneficiary, their successors and assigns forever against the claim or claims of all persons and parties whatsoever. PROVIDED, HOWEVER, that if Obligations shall have been paid in cash at the time and in the manner stipulated in the Secured Debt Agreements and all other sums payable hereunder and all other indebtedness secured hereby shall have been paid and all other covenants contained in the Secured Debt Agreements (as defined below) shall have been performed, then, in such case the Beneficiary shall, subject to the provisions of Section 6.19 of this Deed of Trust, at the request and expense of the Trustor, satisfy this Deed of Trust (without recourse and without any representation or warranty) and the estate, right, title and interest of the Trustee and the Beneficiary in the Trust Property shall cease, and the Beneficiary shall release this Deed of Trust and the lien hereof by proper instrument.
Applicable Obligations has the meaning set forth in the Holdco Agreement.
Examples of Applicable Obligations in a sentence
The Applicable Obligations of the Term Borrowers with respect to Term Loans made to one of them, and the Applicable Obligations arising as a result of the joint and several liability of one of the Term Borrowers hereunder with respect to Term Loans made to the other Term Borrower hereunder, shall be separate and distinct obligations, but all such other Applicable Obligations shall be primary obligations of both Term Borrowers.
This Guarantee may not be revoked or terminated and shall remain in full force and effect and shall be binding on the Guarantor and its successors and assigns (and shall inure to the benefit of the Company and be enforceable by the Company against such successors and assigns) until all of the Applicable Obligations have been satisfied in full.
This Limited Guarantee may not be revoked or terminated and shall remain in full force and effect and shall be binding on the Guarantor and its successors and assigns (and shall inure to the benefit of the Company and be enforceable by the Company against such successors and assigns) until all of the Applicable Obligations have been satisfied in full.
More Definitions of Applicable Obligations
Applicable Obligations means (x) for each Assignor that is a Specified Assignor, all the Obligations and (y) for each other Assignor, all the Obligations other than the Existing Senior Notes Obligations and the Refinancing Senior Notes Obligations, provided that (i) the Existing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Assignor to the extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Existing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (i)), and (ii) the Refinancing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Assignor to the extent the Refinancing Senior Notes Documents do not require the Refinancing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Refinancing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (ii)).
Applicable Obligations shall have the meaning provided in Section 3.1 hereof.
Applicable Obligations means the Liabilities of Purchaser arising under this Agreement and the Related Documents and the Liabilities of the Company arising under the Manufacturing and Distribution Agreements and the Liabilities of Purchaser's Affiliates under the Asset Purchase Agreement and the Related Documents (as defined in the Asset Purchase Agreement).
Applicable Obligations means (v) with respect to the Theraplant Foreclosure, the Theraplant Obligations, (w) with respect to the TH Foreclosure, the TH Obligations, (x) with respect to the Holdings Foreclosure, the Holdings Obligations, (y) with respect to the Strict Foreclosures collectively, the Theraplant Obligations, the TH Obligations and the Holdings Obligations and (z) with respect to the Transaction (as a whole), all Obligations and other Existing Debt other than the Surviving Obligations (as defined below);
Applicable Obligations means (x) for each Assignor that is a Specified Assignor, all the Obligations and (y) for each other Assignor, all the Obligations other than the New Senior Notes Obligations and the Refinancing Senior Notes Obligations, provided that (i) the New Senior Notes Obligations shall be excluded from the Applicable Obligations of the Borrower or a Restricted Subsidiary to the extent the New Senior Notes Documents do not
Applicable Obligations means (a) with respect to SSCC, SSCE and any other Domestic Subsidiary (other than any Domestic Subsidiary that is a subsidiary of a Canadian Subsidiary), the Obligations and (b) with respect to any Canadian Subsidiary or a subsidiary of a Canadian Subsidiary, the Canadian Obligations.
Applicable Obligations means, collectively, all ABL Obligations and all Non-ABL Obligations.