German Parallel Debt. (a) The Borrower hereby irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance) to pay to the Agent amounts equal to any amounts owing from time to time by the Borrower to any Secured Party under this Agreement and any other Loan Document pursuant to any Obligations as and when those amounts are due under any Loan Document (such payment undertakings under this Section 8.16 and the obligations and liabilities resulting therefrom being the “Parallel Debt”).
Appears in 4 contracts
Samples: Letter of Credit Facility Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co), Letter of Credit Facility Agreement (Eastman Kodak Co)
German Parallel Debt. (a) The Each European Borrower hereby irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance) to pay to the Agent by way of an abstract acknowledgement of debt amounts equal to any the aggregate of all present and future amounts owing owed by such European Borrower from time to time by the Borrower to any Secured Party under this Agreement and any other Loan Document pursuant to any in respect of its Corresponding European Obligations as and when those amounts are due under any Loan Document (such payment undertakings under this Section 8.16 and the obligations and liabilities resulting therefrom being by each European Borrower to Agent, hereinafter referred to as the “German Parallel Debt”Debt “).
Appears in 1 contract
Samples: Credit Agreement (Ciber Inc)
