Borrower Secured Obligations has the meaning specified in Section 4(a) hereof.
Borrower Secured Obligations means all amounts and obligations which the Borrower may at any time owe to or on behalf of the Agent for the benefit of the Secured Parties under the Loan Agreement or the Loan Note, including:
Borrower Secured Obligations means all loans, advances, debts, liabilities, indemnities and obligations for the performance of covenants, tasks or duties or for payment of monetary amounts (whether or not such performance is then required or contingent, or such amounts are liquidated or determinable) owing by the Borrower to any Affected Party under the Funding Agreement and any document or instrument delivered pursuant thereto, and all amendments, extensions or renewals thereof, and all covenants and duties regarding such amounts, of any kind or nature, present or future, whether or not evidenced by any note, agreement or other instrument, arising thereunder, including Outstanding Principal Amount, Daily Yield, Yield Shortfall, Unused Facility Fees, Unused Facility Fee Shortfall, Margin, amounts in reduction of Funding Excess, Successor Servicing Fees and Expenses, Additional Amounts and Indemnified Amounts. This term includes all principal, interest (including all interest that accrues after the commencement of any case or proceeding by or against the Borrower in bankruptcy, whether or not allowed in such case or proceeding), fees, charges, expenses, attorneys' fees and any other sum chargeable to the Borrower thereunder, whether now existing or hereafter arising, voluntary or involuntary, whether or not jointly owed with others, direct or indirect, absolute or contingent, liquidated or unliquidated, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations that are paid to the extent all or any portion of such payment is avoided or recovered directly or indirectly from any Lender or the Administrative Agent or any transferee of the Lender or the Administrative Agent as a preference, fraudulent transfer or otherwise.
Examples of Borrower Secured Obligations in a sentence
The maturity date for this facility is the Maturity Date and notwithstanding any other provision to the contrary, the Outstanding Loan Balance of the Loan and the other Borrower Secured Obligations owing under this Loan Agreement and the other Loan Documents, together with all accrued but unpaid interest thereon, shall be due and payable in full, if not due and payable earlier, on the Maturity Date.
All other payments with respect to Borrower Secured Obligations shall be made to the extent Borrower Available Funds are sufficient for such distribution in accordance with the Priority of Payments.
More Definitions of Borrower Secured Obligations
Borrower Secured Obligations means the aggregate of all obligations, monies and liabilities incurred (including, for the avoidance of doubt, pursuant to any additional term advances made under the Issuer/Borrower Facility Agreement) and whether incurred jointly or severally with one or more Chargor(s) and whether as principal or as surety or in some other capacity, which from time to time are or may become due, owing or payable by the Borrower to the Borrower Security Trustee or any of the other Borrower Secured Creditors under any of the Borrower Transaction Documents to which the Borrower is a party and any other party detailed in the Borrower Post-Enforcement Priority of Payments;
Borrower Secured Obligations means (i) all principal of all Loans and LC Disbursement reimbursement obligations outstanding from time to time under the Credit Agreement, all interest (including Post-Petition Interest) on such Loans and LC Reimbursement Obligations and all other amounts now or hereafter payable by the Borrower pursuant to the Loan Documents and (ii) all obligations (if any) under Secured Hedging Agreements.
Borrower Secured Obligations means all obligations of every nature
Borrower Secured Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations, Secured Hedging Obligations, Specified Cash Management Agreements and all other obligations and liabilities of the Borrower (including, without limitation, (i) interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and (ii) the Borrower’s guarantee of the Foreign Secured Obligations set forth in Section 3.1(a)) to the Administrative Agent or any Lender (or, in the case of any Secured Hedging Agreement or any Specified Cash Management Agreement, any Affiliate of any Lender), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, any Letter of Credit, any Secured Hedging Agreement, any Specified Cash Management Agreement or any other document made, delivered or given in connection with any of the foregoing, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements); provided, that for purposes of determining any Guarantor Secured Obligations of any Guarantor under this Agreement, the definition of “Borrower Secured Obligations” shall not create any guarantee by any Guarantor of any Excluded Swap Obligations of such Guarantor.
Borrower Secured Obligations. All obligations of every nature of the Borrower to the Lender or any other Secured Party, now or hereafter existing, under this Agreement or any other Basic Document, and all amendments, extensions or renewals hereof or thereof, whether for principal, interest, fees, expenses or otherwise, whether now existing or hereafter arising, voluntary or involuntary, whether or not jointly owned with others, direct or indirect, absolute or contingent, liquidated or unliquidated, and whether or not from time to time decreased or extinguished and later increased, created or incurred and all or any portion of such obligations that are paid, to the extent all or any part of such payment is avoided or recovered directly or indirectly from the Lender or any such Secured Party as a preference, fraudulent transfer or otherwise. Borrowing Base: At any time, the sum of (i) 85% of the Aggregate Eligible Receivable Value as of such date, plus (ii) the Aggregate Eligible Investment Value as of such date, plus (iii) the aggregate amount of Collections on account of principal payments on Franchise Loans and rental payments on Franchise Leases on deposit in the Collection Account on such day (excluding any such Collections invested in Eligible Investments).
Borrower Secured Obligations means (i) all principal of all Loans and LC Disbursement reimbursement obligations outstanding from time to time under the Credit Agreement, all interest on such Loans and LC Disbursement reimbursement obligations and all other amounts now or hereafter payable by the Borrowers pursuant to the Loan Documents (including, in each case, Post-Petition Interest), (ii) all obligations (if any) under Secured Hedging Agreements and Secured Cash Management Agreements (including, in each case, Post-Petition Interest), and (iii) all obligations of the U.S. Borrower under a Foreign Guaranty, including Post-Petition Interest; provided, however, under no circumstances shall Borrower Secured Obligations include any Excluded Swap Obligation.
Borrower Secured Obligations means (i) all principal of all Loans and LC Disbursement reimbursement obligations outstanding from time to time under the Credit Agreement, all interest on such Loans and LC Disbursement reimbursement obligations and all other amounts now or hereafter payable by the Borrower pursuant to the Loan Documents (including, in each case, Post-Petition Interest), and (ii) all obligations (if any) under Secured Hedging Agreements and Secured Cash Management Agreements (including, in each case, Post-Petition Interest), under no circumstances shall Borrower Secured Obligations include any Excluded Hedge Liabilities.