ACH Obligations definition

ACH Obligations means any and all obligations of any Loan Party owing to any Lender or any Affiliate of any Lender under any treasury management services agreement, any service terms or any service agreements, including electronic payments service terms and/or automated clearing house agreements, and all overdrafts on any account which any Loan Party maintains with any Lender or any Affiliate of any Lender.

ACH Obligations has the meaning specified in the Credit Agreement.

ACH Obligations means any obligations incurred from time to time to any Bank in the form of overdrafts and related liabilities arising from treasury, depository and cash management services or in connection with automated clearing house transfers of funds.

Examples of ACH Obligations in a sentence

• This Agreement and the Collateral secure the payment and performance of all obligations of each of the Grantors, now or hereafter existing, under the Notes, whether for principal, interest, fees, expenses or otherwise, the payment and performance of all ACH Obligations of each of the Grantors and all obligations of each of the Grantors now or hereafter existing under or in respect of this Agreement (all such obligations of the Grantor being herein called the "Obligations").

• All of the right, title and interest of the Collateral Trustees in and to the Collateral Trust Estate secures the payment of all of the Secured Obligations now or hereafter existing under or in respect of (i) the Shared Secured Agreements and the performance of, and the compliance with, all of the covenants and conditions of this Agreement, the other Shared Collateral Documents and the other Shared Secured Agreements and (ii) the ACH Obligations.

• All of the right, title and interest of the Collateral Trustees in and to the Collateral Trust Estate secures the payment of all of the Secured Obligations now or hereafter existing under or in respect of (i) the Secured Agreements and the performance of, and the compliance with, all of the covenants and conditions of this Agreement, the other Collateral Documents and the other Secured Agreements and (ii) the ACH Obligations.

More Definitions of ACH Obligations

ACH Obligations means any and all obligations of the Borrower or any of its Subsidiaries owing to Citibank, N.A., any of the 2003 Lenders, or any of their respective Affiliates under any treasury management services agreement, any service terms or any service agreements, including electronic payments service terms and/or automated clearing house agreements, and all overdrafts on any account which the Borrower or any of its Subsidiaries maintains with Citibank, N.A., any of the 2003 Lenders, or any of their respective Affiliates.

ACH Obligations means any and all obligations of any Company owing to any Lender or any Affiliates of any Lender under any treasury management services agreement, any service terms or any service agreements, including electronic payments service terms and/or Automated Clearing House agreements, and all overdrafts on any account which any Company maintains with Bank One or any other Affiliates of Bank One Corporation.

ACH Obligations defined in the Security Agreement.

ACH Obligations is deleted from the Credit Agreement and the following definitions are substituted instead:

ACH Obligations is used, such term is changed to read "Deposit Account Obligations".

ACH Obligations means the unpaid amounts due and owing by the Borrower to the ACH Credit Party, now existing or hereafter arising or incurred, in connection with or arising out of the ACH Credit Party’s debit or credit exposure under the ACH Transactions made for or on behalf of the Borrower.

ACH Obligations means any obligations of the Company or any of its "Subsidiaries" (as defined in the Credit Agreement) owing to Citibank, N.A., any of the lenders under the Credit Agreement, or any of their respective affiliates, under any treasury management services agreement, any service terms or any service agreements, including electronic payments service terms and/or automated clearing house agreements, and all overdrafts on any account which the Company or any of its "Subsidiaries" (as defined in the Credit Agreement) maintains with Citibank, N.A., any of the lenders under the Credit Agreement, or any of their respective affiliates.