Examples of Existing Obligations in a sentence
The Company also operates an unfunded gratuity scheme for employees not covered by the funded gratuity scheme.
SPP shall make reasonable efforts to mitigate the Member’s Existing Obligations by commercially reasonable actions (such as prepayment of allocable debt, or investment of part or all of the Member’s payment in an interest-bearing instrument) and, in its discretion, may further discount the Member’s Existing Obligations to reflect any additional mitigation SPP determines it will achieve.
In the event of a Partial Termination, Existing Obligations shall first be calculated as though a Termination occurred, and the Member shall pay a percentage thereof as Existing Obligations due to the Partial Termination.
Any disagreement as to the calculation of Existing Obligations shall be resolved in accordance with the dispute resolution procedures in the Bylaws.
Existing Obligations and Liabilities A&F’s debt capacity analysis includes an examination of existing Commonwealth debt service and contract assistance payment obligations.