Applicable Secured Obligations definition

Applicable Secured Obligations means (a) with respect to each Grantor organized under the laws of any jurisdiction other than the Federal Republic of Germany, (i) the ABT Obligations and (ii) the Guarantees of the ABT Obligations by each such Grantor under the Guarantee and Collateral Agreement, and (b) with respect to each Grantor organized under the laws of the Federal Republic of Germany, (i) the Obligations and (ii) the Guarantees by each such Grantor of the Obligations under the Guarantee and Collateral Agreement.
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Applicable Secured Obligations means “Secured Obligations” (as defined in the Applicable Credit Agreement).
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Applicable Secured Obligations means (a) with respect to Goodyear, (i) the Revolving Obligations and (ii) the Guarantees by Goodyear and each US Subsidiary Guarantor of the Revolving Obligations under the Guarantee and Collateral Agreement, (b) with respect to each Grantor organized under the laws of any jurisdiction other than the Federal Republic of Germany, (i) the Revolving Obligations and (ii) the Guarantees of the Revolving Obligations by each such Grantor under the Guarantee and Collateral Agreement, and (c) with respect to each Grantor organized under the laws of the Federal Republic of Germany, (i) the Term Obligations and (ii) the Guarantees by each such Grantor of the Term Obligations under the Guarantee and Collateral Agreement.
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Examples of Applicable Secured Obligations in a sentence

  • Each document (including any UCC and PPSA financing statement, RDPRM recordation or other filings) requested by the Applicable Administrative Agent to be filed, registered or recorded in order to create by the U.S. Loan Parties and by the Canadian Loan Parties in favor of the Administrative Agent securing the Applicable Secured Obligations a perfected Lien on the Collateral described therein, shall be in proper form for filing, registration or recordation.

  • All Proceeds while held by the Collateral Agent in a Collateral Account (or by such Grantor in trust for the Collateral Agent and the Applicable Secured Parties) shall continue to be held as collateral security for the Applicable Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.5.

  • The Administrative Agent shall notify the Bank promptly in writing upon payment in full of the Applicable Secured Obligations.

  • The Bank agrees that all of its present and future rights against any Blocked Account are subordinate to the Administrative Agent’s security interest therein and that it shall not offset, charge, deduct or otherwise withdraw funds from any Blocked Account except as permitted by Section 8, until it has been advised in writing by the Administrative Agent that all of the Applicable Secured Obligations are paid in full.

  • This Agreement (other than those provisions expressly stated to survive termination) shall terminate upon the expiration, cancellation or termination and return to the Issuing Bank of all Letters of Credit, the payment in full by the Grantor of all other Applicable Secured Obligations and the expiration or termination of the Revolving Commitments (the date upon which all of the foregoing shall have occurred, the “Termination Date”).

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More Definitions of Applicable Secured Obligations

Applicable Secured Obligations means the Secured Obligations; provided that, as of the Maturity Date or the date of any expiration or termination of the Credit Agreement in accordance with its terms, so long as the Borrowers have either (i) jointly and severally paid to the Administrative Agent an amount equal to 105% of the Letter of Credit Exposure allocable to all Letters of Credit outstanding on such date, or (ii) provided the Issuing Bank with a substitute letter of credit naming the Issuing Bank as beneficiary, in form and substance and from a financial institution satisfactory to the Issuing Bank, with a face amount equal to 105% of the aggregate Letter of Credit Exposure allocable to such outstanding Letters of Credit on such date, or (iii) provided the Administrative Agent with any combination of the foregoing as the Administrative Agent shall have elected in its sole discretion, “Applicable Secured Obligations” shall mean only the following Secured Obligations: the obligations of the Borrowers under this Agreement and under the Loan Documents, in each case in connection with the Letters of Credit, including the Reimbursement Obligations and the Grantor’s obligations pursuant to Section 6 of this Agreement.
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Applicable Secured Obligations means only the following Secured Obligations: the obligations of the Borrowers under this Agreement and under the Loan Documents, in each case in connection with the Letters of Credit, including the Reimbursement Obligations and the Grantor’s obligations pursuant to Section 6 of this Agreement.
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Applicable Secured Obligations means (i) with respect to any cash collateral or Collateral of any Canadian Loan Party, French Loan Party or U.K. Loan Party, the International Secured Obligations and (ii) with respect to any cash collateral or Collateral of any U.S. Loan Party, the Secured Obligations.
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Related to Applicable Secured Obligations

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • Related Secured Obligations means, as of any date, the outstanding principal amount of the Related Equipment Notes issued under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date, the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related Indenture).

  • U.S. Secured Obligations means, collectively, (a) the US Obligations and (b) all existing or future payment and other obligations owing by any US Credit Party under (i) any Secured Hedge Agreement with a US Hedge Bank and (ii) any Secured Cash Management Agreement with a US Cash Management Bank.

  • Issuer Secured Obligations means the Insurer Issuer Secured Obligations and the Trustee Issuer Secured Obligations.

  • Secured Obligations has the meaning specified in the Security Agreement.

  • Additional Secured Obligations means (a) all obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that Additional Secured Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor.

  • Secured Obligation means an obligation secured by a security interest;

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Canadian Obligations means all Obligations owing by the Canadian Borrower.

  • Guarantied Obligations or "Secured Obligations," as the case may be, in respect of the Obligations of Borrowers now or hereafter existing under or in respect of the Amended Agreement. Each Credit Support Party acknowledges and agrees that any of the Credit Support Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Credit Support Party represents and warrants that all representations and warranties contained in the Amended Agreement and the Credit Support Documents to which it is a party or otherwise bound are true, correct and complete in all material respects on and as of the Second Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date. Each Credit Support Party (other than Borrowers) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit Agreement.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Holders of Secured Obligations means the holders of the Secured Obligations from time to time and shall include their respective successors, transferees and assigns.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Notes Obligations means Obligations in respect of the Notes, this Indenture and the Guarantees.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.