Primary Obligations definition

Primary Obligations shall have the meaning provided in Section 7.4(b) of this Agreement.

Primary Obligations means (i) in the case of the Credit Document Obligations, all principal of, and interest on, all Loans, all Unpaid Drawings and all Fees and (ii) in the case of the Other Obligations, all amounts due under such Interest Rate Protection Agreements or Other Hedging Agreements (other than indemnities, fees (including, without limitation, attorneys' fees) and similar obligations and liabilities) and (z) "Secondary Obligations" shall mean all Obligations other than Primary Obligations.

Primary Obligations. “Contingent Obligations” definition

Examples of Primary Obligations in a sentence

• The issuance of due bills may give rise to a reservable deposit (see section 1, subsection G.2.i, Primary Obligations).

• Amounts of outstanding bankers acceptances that are created by the reporting institution and that are of the type that are ineligible for discount at Federal Reserve Banks (See Section 1, Subsection G.3, Primary Obligations).

• Each Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Borrower, any other Loan Party with Primary Obligations or any of the Guarantors with respect to the Primary Obligations.

• Each Party is responsible for ensuring that electricity deliveries and receipts made in accordance with § 8 (Primary Obligations for Delivery and Acceptance of Electricity) and § 9 (Delivery, Measurement, Transmission, Risk and No Encumbrances of Electricity) are measured or verified by means that can be reasonably evidenced in accordance with the Network Operator's procedures governing the relevant Delivery Point.

• If this § 13.3 is specified as applying in Section B of Part I (Individual Terms), to the extent the Seller fails to Deliver a quantity of Certificates in accordance with § 10 (Primary Obligations for Delivery and Acceptance of Certificates) during a Delivery Period, the Buyer shall have the right, but not the obligation, to refuse the delivery of electricity in a future Delivery Period nominated by the Buyer, subject to prior written notification by the Buyer to the Seller.

More Definitions of Primary Obligations

Primary Obligations shall have the meaning given to such term in the definition of “Contingent Obligation” set forth in this Section 1.1.

Primary Obligations with respect to any Loan Party, the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of such Loan Party (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Loan Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender (or, in the case of any Lender Hedge Agreement or Cash Management Obligations, any Affiliate of any Lender), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, any Letter of Credit, any Lender Hedge Agreement (including any guarantees of any Borrower of any Lender Hedge Agreements entered into by any Subsidiary), any Cash Management Obligation (including any guarantees of any Borrower of any Cash Management Obligations entered into by any Subsidiary) or any other document made, delivered or given in connection with any of the foregoing, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by any Loan Party pursuant to the terms of any of the foregoing agreements); provided, that for purposes of determining any Guarantor Obligations of any Guarantor under this Agreement, the definition of “Primary Obligations” shall not create any guarantee by any Guarantor of any Excluded Swap Obligations of such Guarantor.

Primary Obligations means all principal of, and interest on, all Loans and all fees, costs and expenses incurred under the Credit Agreement with respect thereto and (z) “Secondary Obligations” shall mean all Obligations other than Primary Obligations.

Primary Obligations shall have the meaning provided in the definition of the term Contingent Obligations.

Primary Obligations means (i) in the case of the Credit Document Obligations, all principal of, and interest on, all Loans under the Credit Agreement, all Unpaid Drawings theretofore made (together with all interest accrued thereon), the aggregate Stated Amounts of all Letters of Credit issued (or deemed issued) under the Credit Agreement, and all Fees and (ii) in the case of the Other Obligations, all amounts due under the Interest Rate Protection Agreements or Other Hedging Agreements (other than indemnities, fees (including, without limitation, attorneys' fees) and similar obligations and liabilities) and (z) "Secondary Obligations" shall mean all Obligations other than Primary Obligations.

Primary Obligations has the meaning given to such term in Section 9(b) of this Agreement.

Primary Obligations shall have the meaning set forth in Section 9(b) hereof.