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Applicable Obligations definition

Applicable Obligations means (x) for each Pledgor (each, a "Specified Pledgor") that is Parent, the Borrower or a Restricted Subsidiary, all the Obligations and (y) for each other Pledgor, all the Obligations other than the Existing Senior Notes Obligations and the Refinancing Senior Notes Obligations, provided that (i) the Existing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Pledgor to the extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Existing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (i)) and (ii) the Refinancing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Pledgor to the extent the Refinancing Senior Notes Documents do not require the Refinancing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Refinancing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (ii)). Notwithstanding anything to the contrary contained in this Agreement, the Collateral that secures the Existing Senior Notes Obligations or the Refinancing Senior Notes Obligations of a Specified Pledgor shall be limited to Collateral consisting of any shares of stock, indebtedness or other obligations of a Subsidiary of Parent or of any Principal Property of any Specified Pledgor (the "Designated Collateral"), all of which Collateral shall also ratably secure all other Applicable Obligations of such Specified Pledgor, and the Collateral Proceeds with respect to any item of Collateral owned by a Specified Pledgor that are to be applied to the Existing Senior Notes Obligations or to the Refinancing Senior Notes Obligations shall be limited to Collateral Proceeds resulting from the sale, other disposition of or other realization upon, and other moneys received in respect of, the Designated Collateral of such Specified Pledgor, with such Collateral Proceeds to also be applied ratably to all other Applicable Obligations of such Specified Pledgor.
Applicable Obligations has the meaning set forth in the Holdco Agreement.
Applicable Obligations means the Obligations relating to the Term Facility.

Examples of Applicable Obligations in a sentence

  • Any claim which any Term Borrower may have against the other Term Borrower with respect to any payments to the Administrative Agent or the Term Lenders hereunder or under any of the other Loan Documents are hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Applicable Obligations arising hereunder or thereunder, to the occurrence of the Termination Date.

  • Each Term Borrower consents and agrees that Administrative Agent and Term Lenders shall be under no obligation to marshal any assets in favor of the Term Borrower(s) or against or in payment of any or all of the Applicable Obligations.

  • The Applicable Obligations of the Term Borrowers with respect to Term Loans made to one of them, and the Applicable Obligations arising as a result of the joint and several liability of one of the Term Borrowers hereunder with respect to Term Loans made to the other Term Borrower hereunder, shall be separate and distinct obligations, but all such other Applicable Obligations shall be primary obligations of both Term Borrowers.

  • If at any time, any payment, or any part thereof, made in respect of any of the Applicable Obligations is rescinded or must otherwise be restored or returned by Administrative Agent or any Term Lender upon the insolvency, bankruptcy or reorganization of any Term Borrower, or otherwise, the provisions of this Section 2.24 hereof will forthwith be reinstated and in effect as though such payment had not been made.

  • Restructuring: Applicable Obligation(s): Obligation Category: As set out in the 2005 Matrix Supplement for theTransaction Type applicable to the relevant Reference Entity.


More Definitions of Applicable Obligations

Applicable Obligations means (x) for each Assignor that is a Specified Assignor, all the Obligations and (y) for each other Assignor, all the Obligations other than the Existing Senior Notes Obligations and the Refinancing Senior Notes Obligations, provided that (i) the Existing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Assignor to the extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Existing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (i)), and (ii) the Refinancing Senior Notes Obligations shall be excluded from the Applicable Obligations of a Specified Assignor to the extent the Refinancing Senior Notes Documents do not require the Refinancing Senior Notes Obligations to be secured pursuant to this Agreement (or, in the case of the Applicable Obligations of Parent, to the same extent the Refinancing Senior Notes Obligations are excluded from the Applicable Obligations of the Borrower as provided above in this clause (ii)).
Applicable Obligations shall have the meaning provided in Section 3.1 hereof.
Applicable Obligations means the Liabilities of Purchaser arising under this Agreement and the Related Documents and the Liabilities of the Company arising under the Manufacturing and Distribution Agreements and the Liabilities of Purchaser's Affiliates under the Asset Purchase Agreement and the Related Documents (as defined in the Asset Purchase Agreement).
Applicable Obligations means (a) with respect to SSCC, SSCE and any other Domestic Subsidiary (other than any Domestic Subsidiary that is a subsidiary of a Canadian Subsidiary), the Obligations and (b) with respect to any Canadian Subsidiary or a subsidiary of a Canadian Subsidiary, the Canadian Obligations.
Applicable Obligations means (x) for each Assignor that is a Specified Assignor, all the Obligations and (y) for each other Assignor, all the Obligations other than the New Senior Notes Obligations and the Refinancing Senior Notes Obligations, provided that (i) the New Senior Notes Obligations shall be excluded from the Applicable Obligations of the Borrower or a Restricted Subsidiary to the extent the New Senior Notes Documents do not
Applicable Obligations means, collectively, all ABL Obligations and all Non-ABL Obligations.
Applicable Obligations means (v) with respect to the Theraplant Foreclosure, the Theraplant Obligations, (w) with respect to the TH Foreclosure, the TH Obligations, (x) with respect to the Holdings Foreclosure, the Holdings Obligations, (y) with respect to the Strict Foreclosures collectively, the Theraplant Obligations, the TH Obligations and the Holdings Obligations and (z) with respect to the Transaction (as a whole), all Obligations and other Existing Debt other than the Surviving Obligations (as defined below);