Other Secured Obligations is defined in Section 3.2(a)(ii).
Other Secured Obligations means obligations of an insured to an insurer other than those under a large deductible policy, such as those under a reinsurance agreement or other agreement involving retrospective premium obligations the performance of which is secured by collateral that also secures an insured’s obligations under a large deductible policy.
Other Secured Obligations means the due and punctual payment and performance of all obligations of each Loan Party under each Other Secured Agreement designated as such in accordance with Section 8.11, excluding, in each case, any Excluded Swap Obligations (as defined in the Guarantee and Collateral Agreement).
Examples of Other Secured Obligations in a sentence
Without in any way limiting the terms of the Existing Credit Agreement or the other Loan Documents, each Obligor confirms that the existing Security shall continue to secure all of the Obligations and the Other Secured Obligations, including but not limited to those arising as a result of this Amendment.
Except as expressly disclosed in this Agreement, it shall not permit any Advance or product or service giving rise to Other Secured Obligations to be used by, on behalf of or for the benefit of any Person except the Restricted Parties.
More Definitions of Other Secured Obligations
Other Secured Obligations means all obligations of the Obligors to the Other Secured Parties under or in connection with the Other Secured Agreements, including but not limited to all debts and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, at any time owing by the Obligors to the Other Secured Parties in any currency or remaining unpaid by the Obligors to the Other Secured Parties in any currency under or in connection with the Other Secured Agreements, whether arising from dealings between the Other Secured Parties and the Obligors or from any other dealings or proceedings by which the Other Secured Parties may be or become in any manner whatever creditors of the Obligors under or in connection with the Other Secured Agreements, and wherever incurred, and whether incurred by an Obligor alone or with another or others and whether as principal or surety, and all interest, fees, legal and other costs, charges and expenses; provided, however, that “Other Secured Obligations” shall not include “Obligations”. In this definition, “the Other Secured Parties” shall be interpreted as “the Other Secured Parties, or any of them,” and “Obligors” shall be interpreted as “Obligors, and each of them”.
Other Secured Obligations means obligations of an insured to an insurer
Other Secured Obligations means obligations in respect of any line of credit, overdraft facility, guarantee, bonding, documentary or stand-by letter of credit facility, a credit order, a derivatives facility, a foreign exchange facility, supplier financing facility or any other facility or accommodation in conjunction with the business of the Group Members and which satisfies the following requirements: (i) the arrangement in respect of such Other Secured Obligation is provided to a Group Member by an Approved Counterparty, (ii) such Other Secured Obligations are designated by the Borrower in a written certificate to the Administrative Agent as an “Other Secured Obligation”, which written certificate shall also be signed by the applicable Approved Counterparty confirming its acceptance of the terms of Article VIII hereof and (iii) the outstanding amounts in respect of such Other Secured Obligations and any Lien securing such Other Secured Obligations on a pari passu basis with all other “Secured Obligations” hereunder are otherwise permitted (or not restricted) by the terms of this Agreement (excluding application of Sections 6.01(a)(i) and 6.02(a)) (and for the avoidance of doubt, the incurrence and securing of such Other Secured Obligations shall be deemed a utilization of any applicable Indebtedness or Liens capacity hereunder); provided that Other Secured Obligations shall only be designated as such hereunder or as ABL Other Secured Obligations under the ABL Loan Documents (but not both), as applicable (provided that Other Secured Obligations may be designated, in non-duplicating part, either in nominal portions or by reference to formula, as partially Other Secured Obligations and partially as ABL Other Secured Obligations).
Other Secured Obligations means, collectively, the Secured Bank Products Obligations and the Secured Hedging Obligations.
Other Secured Obligations means the Secured Obligations other than the Bridge Term Loan Secured Obligations.
Other Secured Obligations means any obligations, such as reinsurance or retrospective premium obligations, that are payable by the insured to the insurer and which are secured by collateral that also secures a loss reimbursement obligation.
Other Secured Obligations has the meaning defined in Section 6.2(c).