Major Obligations definition

Major Obligations means an obligation with respect to any Group Company pursuant to any negative pledge undertaking or restriction on financial indebtedness, disposals, loans out or holding company activities under any Super Senior RCF.
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Major Obligations means an obligation under any Super Senior RCF Documents with respect to any Group Company relating to (i) negative pledge, (ii) financial indebtedness,
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Major Obligations means any Group Company under clause 15.6 (Financial Indebtedness), clause 15.7 (Negative Pledge), clause 15.8 (Financial Support), clause
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Examples of Major Obligations in a sentence

  • Major Obligations Prior to Completion Major obligations of the Vendors prior to completion of the Proposed Transaction include: (1) the Vendors shall terminate the CMT Leases within three business days upon the execution of the Acquisition Agreement.

  • Major Obligations of the State of Pakistan:The state must designate one or more Management Authorities in charge of administering the licensing system and one or more Scientific Authorities to advise them on the effects of trade on the status of the species.

  • Neither does C-Cor- poration have to reimburse D for the costs incurred to defend himself.

  • Average monthly amounts of other income (specify sources): $TOTAL: $ Other Major Obligations Type Payee Amount Owed Monthly Payment Miscellaneous Describe the number and type of pets you want to have in the rental property: Cats and dogs 30 lbs or less are permitted, breed restrictions applied.

  • In this context, Major Obligations shall be such obligations that the proper fulfillment of which constitutes a condition sine qua non and the fulfillment of which may be regularly relied on and is actually relied on by the Parties.

  • The lack of performance difference among different predictive models is similar to the findings of P´astor and Stambaugh (2000), and Tu and Zhou (2003).

  • The liability for a violation of Major Obligations due to slight negligence is restricted to damages typically predictable.

  • Major Obligations of the State of Pakistan: 76 FThe Protocol stipulates controlled consumption of ODS 78 based on baseline years identified for each group of ODS aiming for phasing out, identification of sectors and industries which consume and/or produce ODS, replace ODS producing technology with non-ODS producing technology and strengthening capacities for effective implementation of this Protocol.

  • The secondary responsibility fall on Department for Planning and Development, Department for Tourism, Department of Law Parliamentary Affairs and Human Rights, and Department for Elementary and Secondary Education Major Obligations of the State of Pakistan: Pakistan is obligated to protect the species listed in Annex II of the convention, where applicable.

  • Summary of the Major Obligations Imposed by Community Directives 1.


More Definitions of Major Obligations

Major Obligations means an obligation with respect to any Group Company under Clause 13.10 (Negative Pledge), Clause 13.6 (Financial Indebtedness), Clause 13.7 (Disposal of Assets) and Clause 13.12 (Loans out) of the Terms and Conditions following the undertaking set out in Clause 13.1 (Bond Covenants) of the Super Senior RCF Agreement.
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Major Obligations means an obligation under any Super Senior Facilities Documents with respect to any Group Company relating to (i) negative pledge, (ii) financial indebtedness, (iii) disposal of assets, (iv) loans out and (v) dividends and distributions.
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Major Obligations means an obligation with respect to any Obligor under clause [19.4] (Sanctions), clause [19.6] (Negative pledge), clause [19.9] (Disposals), clause [19.10] (Financial Indebtedness), clause [19.11] (Loans or credit), clause [19.12] (Distributions), clause [19.13] (Holding Company), clause [19.18] (Alignment with the Bond) and clause [19.19] (Use of proceeds) of the Original Super Senior RCF (or any equivalent clauses in any Super Senior RCF) or the Information Undertakings clause under any Super Senior RCF.
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Major Obligations means any Group Company under clause15.6 (Financial Indebtedness), clause 15.7 (Negative Pledge), clause 15.8 (Financial Support), clause 15.11 (Disposals) of the Original Super Senior Term Facility (or any equivalent clauses in any replacement Super Senior Term Facility).
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Major Obligations means an obligation with respect to any negative pledge undertaking, any restriction on Financial Indebtedness or any restriction on disposals.
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Related to Major Obligations

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Secured Obligations has the meaning specified in the Security Agreement.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. The amount of any Earn Out Obligations at the time of determination shall be the aggregate amount, if any, of such Earn Out Obligations that are required at such time under GAAP to be recognized as liabilities on the consolidated balance sheet of the Borrower.