Examples of Secured Debt Obligations in a sentence
The total NBA Team Secured Debt Obligations shall not exceed $150 million.
This is a continuing agreement of the matters addressed herein, and the Secured Parties may continue, at any time and without notice to the Secured Creditor Representatives or any Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Parent or any of its Subsidiaries constituting Secured Debt Obligations in reliance hereon.
The right of the City and County to receive distributions of proceeds of sale of the NBA Team to satisfy (A) ArenaCo’s obligations under the Arena Lease and (B) the NBA Team’s obligations under the non-relocation agreement required by paragraph 21.d shall be secured by a security interest in those proceeds granted by ArenaCo Parent and the NBA Team, subject to the NBA Team Secured Debt Obligations as described herein.
Nothing in this Agreement is intended to or shall impair the obligations of (i) the Parent, which are absolute and unconditional, to pay the Secured Debt Obligations as and when the same shall become due and payable in accordance with their terms or (ii) IHCo, which are absolute and unconditional, to pay the Second Priority Debt Obligations as and when the same shall become due and payable in accordance with their terms.