Single Obligation. The Loans, any Letter of Credit Obligations, and all of the other Obligations of the Borrower arising under this Agreement and the other Loan Documents shall constitute one general obligation of the Borrower secured, until the Termination Date, by all of the Collateral.
Single Obligation. Seller’s obligations under the Agreement consist of a single obligation, notwithstanding that the Transactions are margined on a Transaction-by-Transaction basis. Upon an Event of Default, all Purchased Securities, all cash and other property held pursuant to the Agreement (including, but not limited to, all principal and interest payments received by Buyer as the owner of the Purchased Securities under all Transactions under the Agreement), and all payments and performance due under the Agreement, may be utilized by Buyer to satisfy Seller’s obligations under the Agreement. Notwithstanding anything to the contrary herein, Seller and Buyer agree in accordance with Paragraph 4(f) of the Repurchase Agreement that the calculation of the Buyer’s Margin Ratio, the Margin Deficit Amount and the Margin Excess Amount and the obligation of Seller to eliminate the Margin Deficit Amount shall be determined separately with respect to each Transaction pursuant to this Agreement and the applicable Confirmation.
Single Obligation. The Notes purchased by the Lender and all of the other Obligations of Borrowers arising under this Agreement and the other Note Documents shall constitute one general joint and several obligation of the Borrowers secured, until the Termination Date, by all of the Collateral.
Single Obligation. 3 1.4 Interest........................................................................................3 1.5 Eligible Accounts and Inventory.................................................................5 1.6 Fees............................................................................................6 1.7
Single Obligation. The Term Loan and all of the other Obligations of Borrower to Lender shall constitute one general obligation of Borrower secured by all of the Collateral.
Single Obligation. 2 1.4 Interest .............................................2 1.5 Net Liquidation Value of Inventory ...................4 1.6 Fees .................................................4 1.7
Single Obligation. The Term Loan shall constitute one general obligation of the Borrower, and shall be secured by Bank’s priority security interest in and Lien upon all of the Collateral and by all other security interests, Liens, claims and encumbrances heretofore, now or at any time or times hereafter granted by the Borrower and/or any Subsidiary to Bank.
Single Obligation. 10 1.13 Appointment of Borrower Representative.................10
Single Obligation. 16 ----------------- ARTICLE 2 CONDITIONS PRECEDENT SECTION 2.01. Conditions to the Initial Loans................ 16 ------------------------------- SECTION
Single Obligation. All Revolving Credit Advances to Borrower and all of the other Obligations of Borrower and any other Credit Party arising under this Agreement and the other Loan Documents shall constitute one general obligation of Borrower and the other Credit Parties secured, until the Termination Date, by all of the Collateral.
