Ancillary Obligations definition

Ancillary Obligations means, collectively, obligations arising under any of the Existing Guaranties or Secured Lender Arrangements.

Ancillary Obligations means all obligations in respect of Ancillary Outstandings.

Ancillary Obligations means any and all Obligations arising under any Secured Ancillary Agreement.

Examples of Ancillary Obligations in a sentence

• The Borrower further agrees that the due and punctual payment of such Specified Ancillary Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Specified Ancillary Obligation.

• Upon payment by the Borrower of any sums as provided above, all rights of the Borrower against any Subsidiary arising as a result thereof by way of right of subrogation or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full in cash of all the Specified Ancillary Obligations owed by such Subsidiary to the applicable Lender (or its applicable Affiliates).

• The Borrower waives presentment to, demand of payment from and protest to any Subsidiary of any of the Specified Ancillary Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment.

• In order to induce the Lenders to extend credit to the Borrower hereunder and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Borrower hereby absolutely and irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Specified Ancillary Obligations of the Subsidiaries.

• The obligations of the Borrower hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Specified Ancillary Obligations, any impossibility in the performance of any of the Specified Ancillary Obligations or otherwise.

More Definitions of Ancillary Obligations

Ancillary Obligations means, collectively, obligations arising under any of the Existing Guaranties, Secured Cash Management Agreements or Secured Hedge Agreements.

Ancillary Obligations means, collectively, obligations arising under any of the Secured Lender Arrangements.

Ancillary Obligations as if the Assignee was an original signatory to the Investment Agreement for purposes of being bound by the Ancillary Obligations.

Ancillary Obligations the “Ancillary Obligations” referred to in the First Lien Credit Agreement.

Ancillary Obligations means all obligations in respect of Ancillary Outstandings. “Applicable Percentage” means, (a) with respect to any Term Lender for any Class, a percentage equal to a fraction the numerator of which is the aggregate outstanding principal amount of the Loans and unused Commitments of such Term Lender for such Class and the denominator of which is the aggregate outstanding principal amount of the Loans and unused Commitments of all Term Lenders for such Class and (b) with respect to any Revolving Lender for any Class, the percentage of the Total Revolving Credit Commitment for such Class represented by such Xxxxxx’s Revolving Credit Commitment for such Class; provided that for purposes of Section 2.21 and otherwise herein, when there is a Defaulting Lender, any such Defaulting Lender’s Revolving Credit Commitment shall be disregarded in the relevant calculations. In the case of clause (b), in the event the Revolving Credit Commitments for any Class shall have expired or been terminated, the Applicable Percentages of any Revolving Lender of such Class shall be determined on the basis of the Revolving Credit Exposure of the applicable Revolving Lenders of such Class, giving effect to any assignments and to any Revolving Lender’s status as a Defaulting Lender at the time of determination. “Applicable Price” has the meaning assigned to such term in the definition of “Dutch Auction”. “Applicable Rate” means, for any day, (a) with respect to Initial Term Loans that are (i) ABR Loans, 1.00% per annum and (ii) LIBO Rate Loans, 2.00% per annum; (b) with respect to 2022 Revolving Loans, the rate per annum set forth below under the applicable caption below, as the case may be, based upon the Total Leverage Ratio as of the last day of the most recently ended Test Period; provided that until the first Adjustment Date following the -5- #96942867v160458181 #96942867v1

Ancillary Obligations means the obligations undertaken by the Bidder listed in Article 2.5;

Ancillary Obligations all obligations of the Parent Borrower and its Restricted Subsidiaries from time to time arising under or in respect of Ancillary Outstandings.