Colonial Obligations definition

Colonial Obligations means all (a) principal of and premium, if any, on the Colonial Revolver Loans, (b) LC Obligations and other obligations of Colonial with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Colonial under the Loan Documents, (d) obligations of Colonial under any indemnity for Claims, (e) Extraordinary Expenses of Colonial, (f) Secured Bank Product Obligations of Colonial, and (g) other Debts, obligations and liabilities of any kind owing by Colonial pursuant to the Loan Documents, including the Guarantee of the ACM-TCM Obligations set forth in Section to Section 14 hereof, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided, that Obligations of Colonial shall not include its Excluded Swap Obligations.
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Colonial Obligations all (a) principal of and premium, if any, on the Colonial Revolver Loans, (b) LC Obligations and other obligations of Colonial with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by Colonial under the Loan Documents, (d) obligations of Colonial under any indemnity for Claims, (e) Extraordinary Expenses of Colonial, (f) Secured Bank Product Obligations of Colonial, and (g) other Debts, obligations and liabilities of any kind owing by Colonial pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several. Colonial Overadvance: as defined in Section 2.1.5. Colonial Overadvance Loan: a Colonial Base Rate Revolver Loan made when a Colonial Overadvance exists or is caused by the funding thereof .
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Examples of Colonial Obligations in a sentence

  • On the termination date, Colonial shall make Full Payment of all Colonial Obligations.

  • On the Revolving Commitment Termination Date, Colonial shall make Full Payment of all Colonial Obligations and ACM and TCM shall make Full Payment of all ACM-TCM Obligations.

  • The proceeds of Colonial Revolver Loans shall be used by Colonial solely (a) to satisfy existing Debt; (b) to pay fees and transaction expenses associated with the closing of this credit facility; (c) to pay Colonial Obligations in accordance with this Agreement; and (d) for working capital and other lawful corporate purposes of Colonial.

  • If the aggregate Colonial Revolver Loans exceed the Colonial Borrowing Base (“Colonial Overadvance”) at any time, the excess amount shall be payable immediately, but all such Colonial Revolver Loans shall nevertheless constitute Colonial Obligations secured by the Collateral and entitled to all benefits of the Loan Documents.

  • Colonial irrevocably waives the right to direct the application of any payments or Collateral proceeds, and agrees that Agent and Collateral Agent shall have the continuing, exclusive right to apply and reapply same against the Colonial Obligations, in such manner as Agent and Collateral Agent deem advisable.

  • Each of ACM and TCM irrevocably waives the right to direct the application of any payments or Collateral proceeds, and agrees that Agent and Collateral Agent shall have the continuing, exclusive right to apply and reapply same against the Colonial Obligations, in such manner as Agent and Collateral Agent deem advisable.

  • Section 5.6.1. During a Trigger Period, the ledger balance in the main Colonial Dominion Account as of the end of a Business Day shall be applied to the Colonial Obligations at the beginning of the next Business Day.

  • Each of ACM and TCM irrevocably waives the right to direct the application of any payments or Collateral proceeds, and agrees that Agent shall have the continuing, exclusive right to apply and reapply same against the Colonial Obligations, in such manner as Agent deems advisable.

  • Colonial irrevocably waives the right to direct the application of any payments or Collateral proceeds, and agrees that Agent shall have the continuing, exclusive right to apply and reapply same against the Colonial Obligations, in such manner as Agent deems advisable.

  • The proceeds of Colonial Revolver Loans shall be used by Colonial solely (a) to satisfy existing Debt; (b) to pay fees and transaction expenses associated with the closing of this credit facility; (c) to pay Colonial Obligations in accordance with this Agreement; and (d) for lawful corporate purposes of Colonial, including working capital.