Corresponding Obligation definition

Corresponding Obligation means any obligation to pay an amount to the Secured Creditors or any one or more of them, whether for principal, interest, costs, any overdraft or otherwise and whether present or future: (a) in respect of any of the Obligations; or (b) in connection with any other indebtedness as the Secured Creditors (or the Collateral Agent on their behalf) and the Parallel Obligor may agree from time to time.
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Corresponding Obligation means the Secured Obligations (other than the Parallel Debt (as defined below)) of each ICA Group Company.
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Corresponding Obligation means any obligation to pay an amount to any one or more of the Administrative Agent, the Collateral Agent, any Issuing Bank or any Lender (or any of their affiliates), whether for principal, interest, costs, any overdraft or otherwise (including, without limitation, pursuant to any Guarantee) and whether present or future (i) under or in connection with the Loan Documents, (ii) under or in connection with any Swap Agreement to which any Loan Party and any Lender (or any of its affiliates) is a party from time to time or (iii) in connection with any other Indebtedness as the Lenders (or any of their affiliates) and any Loan Party may agree from time to time.
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Examples of Corresponding Obligation in a sentence

  • Each Parallel Debt will be payable in the currency or currencies of the relevant Corresponding Obligation and will become due and payable as and when the Corresponding Obligation to which it corresponds becomes due and payable.

  • The Parallel Debt shall be due when the relevant Corresponding Obligation becomes due.

  • The Parallel Debt will be payable in the currency or currencies of the relevant Corresponding Obligation and will become due and payable as and when the Corresponding Obligation to which it corresponds becomes due and payable.

  • An Event of Default in respect of the Corresponding Obligations shall constitute a default (verzuim) within the meaning of section 3:248 Dutch Civil Code with respect to the Parallel Debt without any notice being required The Parallel Debt will be payable in the currency or currencies of the relevant Corresponding Obligation and will become due and payable as and when the Corresponding Obligation to which it corresponds becomes due and payable.

  • No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

  • Each Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time any payment, or any part thereof, of any Corresponding Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy or reorganization of the Borrowers, any other Loan Party or otherwise.

  • Each Parallel Debt will become due and payable at the same time as the relevant Corresponding Obligation becomes due and payable.


More Definitions of Corresponding Obligation

Corresponding Obligation means the Obligations.
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Corresponding Obligation means any obligation to pay an amount to the Lenders or any one or more of them under the Finance Documents, whether for principal, interest, costs or otherwise and whether present or future
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Related to Corresponding Obligation

  • Corresponding Debt means any amount, other than any Parallel Debt, which an Obligor owes to a Secured Party under or in connection with the Finance Documents.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if 1 or more of the following apply:

  • Corresponding Tenor with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

  • Outstanding Obligations means, as of any date, and giving effect to making any Extensions of Credit requested on such date and all payments, repayments and prepayments made on such date, the sum of (a) the aggregate outstanding principal amount of all Loans, and (b) all Letter of Credit Usage.

  • corresponding law means an Act of another State or a law in force in a Territory of the Commonwealth giving effect to the agreement between the Commonwealth, the States and the Northern Territory referred to in the preamble to this Act;