Dutch Obligations Sample Clauses

Dutch Obligations. The Dutch Revolver Loans, Dutch LC Obligations and other Dutch Obligations constitute one general obligation of Dutch Borrowers and are secured by Agent’s Lien on all Dutch Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Dutch Borrower to the extent of any Dutch Obligations jointly or severally owed by such Dutch Borrower.
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Dutch Obligations. (a) Notwithstanding anything set forth in this Agreement or any other Financing Agreement to the contrary, the Dutch Borrower shall not at any time be liable, directly or indirectly, for any portion of the Domestic Obligations, including, without limitation, the principal of the Loans or any interest thereon or fees or expenses payable with respect thereto made to any U.S. Borrower (and the U.S. Borrowers and Guarantors are solely liable for such Obligations), and no property of the Dutch Borrower shall at any time serve, directly or indirectly, as Collateral or any other type of collateral or security for any portion of the Domestic Obligations. (b) Notwithstanding anything in this Agreement or in the other Financing Agreements to the contrary, the parties hereto acknowledge and agree that (a) each of Borrowers, in its capacity as a Borrower hereunder, is jointly and severally liable for the Obligations of the other Borrowers; provided that it is acknowledged and agreed that the Company has guaranteed the Obligations of the Dutch Borrower and that the Dutch Borrower has not guaranteed the Domestic Obligations and (b) the Dutch Borrower shall not be required to repay or prepay, or to guarantee, nor shall any amount paid by the Dutch Borrower be applied to, any Domestic Obligations.
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Dutch Obligations. All Obligations of any of the Parent, the Borrowers or the Guarantors to the Dutch Banks or the Agent under or in respect of or in connection with any of the Dutch Term A Loan or Dutch Term B Loan and including any interest thereon or other fees in respect thereof and including all other obligations under any other instruments at any time evidencing any thereof.
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Related to Dutch Obligations

  • ▇▇▇▇▇ OBLIGATIONS A ▇▇▇▇▇▇▇'s acceptance of funds directly under the Grant or indirectly through a subaward acts as acceptance of the authority of the State, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. In accordance with the legislative audit committee, DFPS can request any documentation, at any time, to be sent to DFPS to a location DFPS chooses. Examples of documentation that DFPS may request include, but are not limited to: 1. Participant files in their entirety. This includes, but is not limited to: a. Progress notes. b. Action plans. c. Registration forms. d. Surveys. e. Sign-in sheets. f. Monthly tracking forms.

  • Guaranty Obligations Unless otherwise specified, the amount of any Guaranty Obligation shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guaranty Obligation.

  • PROCUREMENT OBLIGATIONS Notwithstanding any other provisions of this Part B, where in this Part B the Customer accepts an obligation to procure that a Former Supplier does or does not do something, such obligation shall be limited so that it extends only to the extent that the Customer's contract with the Former Supplier contains a contractual right in that regard which the Customer may enforce, or otherwise so that it requires only that the Customer must use reasonable endeavours to procure that the Former Supplier does or does not act accordingly.

  • Valid Obligations The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.

  • ERISA Obligations All Employee Plans of the Borrower meet the minimum funding standards of Section 302 of ERISA and 412 of the Internal Revenue Code where applicable, and each such Employee Plan that is intended to be qualified within the meaning of Section 401 of the Internal Revenue Code of 1986 is qualified. No withdrawal liability has been incurred under any such Employee Plans and no “Reportable Event” or “Prohibited Transaction” (as such terms are defined in ERISA), has occurred with respect to any such Employee Plans, unless approved by the appropriate governmental agencies. The Borrower has promptly paid and discharged all obligations and liabilities arising under the Employee Retirement Income Security Act of 1974 (“ERISA”) of a character which if unpaid or unperformed might result in the imposition of a Lien against any of its properties or assets.