Corresponding Liabilities definition

Corresponding Liabilities means the Secured Obligations of each Loan Party, but excluding its Parallel Liability.

Corresponding Liabilities means all present and future liabilities and contractual and non-contractual obligations of each Credit Party under or in connection with this Agreement and the other Credit Documents, but excluding its Parallel Liability.

Corresponding Liabilities. (a) with respect to HSN Spinco, any HSN Entity or the HSN Group, means the HSN Liabilities, (b) with respect to Interval Spinco, any Interval Entity or the Interval Group, means the Interval Liabilities, (c) with respect to TM Spinco, any TM Entity or the TM Group, means the TM Liabilities, (d) with respect to Tree Spinco, any Tree Entity or the Tree Group, means the Tree Liabilities and (e) with respect to IAC or the IAC Group, means the Retained Liabilities.

Examples of Corresponding Liabilities in a sentence

• The Parties acknowledge that the Separation is intended to result in each Spinco, directly or indirectly, operating its Corresponding Business, owning its Corresponding Assets and assuming its Corresponding Liabilities as set forth in this Article II.

• Each Spinco agrees to accept, assume and faithfully perform, discharge and fulfill all of its Corresponding Liabilities in accordance with their respective terms.

• The Parties acknowledge that the Separation is intended to result in each Spinco, directly or indirectly, operating its Corresponding Business, owning its Corresponding Assets and assuming its Corresponding Liabilities as set forth in this‌Article II.

• An Event of Default in respect of the Corresponding Liabilities shall constitute a default (verzuim) within the meaning of section 3:248 of the Netherlands Civil Code with respect to the Parallel Liabilities without any notice being required.

• Scand J Public Health 2018 Feb;46 19_ suppl:74–81.https://doi.org/10.1177/1403494817738460.

More Definitions of Corresponding Liabilities

Corresponding Liabilities means all present and future liabilities and contractual and non-contractual obligations of a Loan Party under or in connection with this Agreement and the other Loan Documents, but excluding its Parallel Liability.

Corresponding Liabilities means all present and future liabilities and contractual and non- contractual obligations of an Obligor under or in connection with this Agreement and the other Finance Documents, but excluding its Parallel Liability.

Corresponding Liabilities means the Obligations of a Loan Party, but excluding its Parallel Liability and (y) “Parallel Liability” means a Loan Party’s undertaking pursuant to this Section 11.13. Each Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Agent an amount equal to the aggregate amount of its Corresponding Liabilities (as these may exist from time to time). For purposes of this Section 11.13: (a) a Loan Party’s Parallel Liability is due and payable at the same time as, for the same amount of and in the same currency as its Corresponding Liabilities; (b) a

Corresponding Liabilities means all present and future liabilities and contractual and non-contractual obligations of an Obligor under or in connection with the Loan Agreement, as amended by this Amendment, and the other Loan Documents, but excluding its Parallel Liability, and (ii) "Parallel Liability" means an Obligor's undertaking pursuant to this Section 17.

Corresponding Liabilities means the Secured Obligations excluding the Parallel Liability.

Corresponding Liabilities means the Notes Obligations of the Issuer or any Guarantor, but excluding its Parallel Liability; and “Parallel Liability” means the Issuer’s and the Guarantors’ undertaking pursuant to this Section 12.13.

Corresponding Liabilities has the meaning given to that term in the Credit Agreement.