Priority Payables Sample Clauses
Priority Payables. There are no Priority Payables outstanding in respect of which payments are overdue.
Priority Payables. Upon any sale (partial or otherwise) of the RLI business as referenced in Section III.C below, all assets of the RLI business not sold shall become ineligible and for the avoidance of doubt, the RLI unbilled sublimit set forth in the RLI Business Borrowing Base shall be eliminated. The definition of “Borrowing Base” (whether in connection with the Non-RLI Businesses Borrowing Base or the RLI Business Borrowing Base) and all related definitions shall be substantially similar to those set forth in the Prepetition Credit Agreement except as otherwise set forth above. “
Priority Payables. All Revolver Advances (as defined in the Existing DIP Credit Agreement) outstanding on the ARCA Effective Date shall be deemed to constitute Multicurrency Revolver Advances made under this Amended Agreement, and shall be held by the Multicurrency Revolver Lenders ratably in accordance with their Multicurrency Revolver Commitments.
Priority Payables. The Purchaser will have sufficient funds following Closing to enable it to satisfy all of its Priority Payables.
Priority Payables. (A) the amount of Priority Payables is US$ . (4)
(B) the taxes due and payable by the Obligors pursuant to the Mining Tax Act (Manitoba) which have been included in (4) above are equal to US$ . (5) Accordingly, the “Borrowing Base” is: US$25,000,000 + (1) + (2) + (3) – (4) + (the lesser of (5) and US$8,000,000) = US$ . DATED by Name: · Title: · Name: · Title: · by Name: · Title: · Name: · Title: · THIS AGREEMENT supplements the Amended and Restated Credit Agreement effective as of ·, 2013 between HudBay Minerals Inc., Xxxxxx Bay Mining and Smelting Co., Limited and others as Obligors, The Bank of Nova Scotia as Administrative Agent and the Lenders named therein, as amended, supplemented, restated or replaced from time to time (the “Credit Agreement”).
Priority Payables. Under this Agreement, “Priority Payables” shall mean at any time, the full amount of liabilities of the Debtor at such time which have a trust imposed to provide for payment or security interest, lien or charge ranking or capable of ranking senior to or pari passu with the liens of Bank against the property or assets of Debtor (excepting from the foregoing, however, any purchase money financing liens which may be expressly permitted under that certain Letter Agreement dated as of even date herewith between Debtor and Bank, hereinafter referred to as the “Letter Agreement”) under federal, provincial, state, county, municipal or local law including, but not limited to, claims for unremitted and/or accelerated rents, taxes, wages, workers’ compensation obligations, health insurance premiums, vacation pay, governmental royalties or pension fund obligations, together with the aggregate value, determined in accordance with GAAP.
Priority Payables. The Purchaser shall apply its remaining funds following Closing and/or any tax returns received by it from and after the date of Closing towards the payment in full of the Priority Payables and agrees to indemnify and defend the Seller from any and all claims made by any party in respect of any Priority Payables.
Priority Payables. (a) unpaid amounts owing for wages, vacation pay and severance pay: $____________
(b) employee deductions: $____________
(c) Taxes: $____________
(d) income tax: $____________ (e) workers compensation: $____________