Obligated Party definition

Obligated Party has the meaning assigned to such term in Section 10.02.
Obligated Party means any Person who is or becomes party to any agreement that guarantees or secures payment and performance of the Obligations or any part thereof.
Obligated Party means any party other than Borrower who secures, guarantees and/or is otherwise obligated to pay all or any portion of the Indebtedness.

Examples of Obligated Party in a sentence

  • To the fullest extent permitted by applicable law, each Loan Guarantor waives any defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Loan Guarantor against any Obligated Party or any security.

  • Services to be performed by the Obligated Party under this the Indenture Agreement may involve the performance of trade work covered by the provisions of Section 6.22(e) or Section 21C of the Administrative Code (collectively, “Covered Services”).

  • The Obligated Party shall provide the services specified in the Indenture in a manner that complies with the Americans with Disabilities Act (ADA), including but not limited to Title II’s program access requirements, and all other applicable federal, state and local disability rights legislation.

  • No Loan Guarantor will assert any right, claim or cause of action, including a claim of subrogation, contribution or indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties and the Loan Guarantors have fully performed all their obligations to the Agents, the Issuing Banks and the Lenders.

  • The Obligated Party shall comply with the provisions of Chapters 12B and 12C of the San Francisco Administrative Code.


More Definitions of Obligated Party

Obligated Party has the meaning assigned to such term in Section 2.02.
Obligated Party means an energy distributor or retail energy sales company that is bound by the national energy efficiency obligation schemes referred to in Article 7;
Obligated Party means an energy distributor or retail energy sales company ⇨ or transmission system operator ⇦ that is bound by the national energy efficiency obligation schemes referred to in Article 97;
Obligated Party means any party other than Borrower who secures, guarantees and/or is otherwise obligated to pay all or any portion of the Indebtedness, including Grantor, if different from Borrower. All words and phrases used herein which are expressly defined in Section 1.201, Chapter 8 or Chapter 9 of the Code shall have the meaning provided for therein. Other words and phrases defined elsewhere in the Code shall have the meaning specified therein except to the extent such meaning is inconsistent with a definition in Section 1.201, Chapter 8 or Chapter 9 of the Code.
Obligated Party means Borrower, each Guarantor or any other Person who is or becomes party to any agreement that obligates such Person to pay or perform, or that Guarantees or secures payment or performance of, the Obligations under the Loan Documents or any part thereof.
Obligated Party means each of the Borrowers and the Guarantors, individually, and “Obligated Parties” means two or more of such Persons, collectively.
Obligated Party has the meaning specified in Section 4.03.