Corresponding Obligations definition

Corresponding Obligations means all Obligations as they may exist from time to time, other than the Parallel Debts.

Corresponding Obligations means the Guaranteed Obligations other than the Parallel Debt.

Corresponding Obligations means any obligation to pay an amount to the Lenders, the Agents or any other Secured Creditor (or any of them), whether for principal, interest, costs, any overdraft or otherwise and whether present or future: (a) under or in connection with the Credit Documents other than any obligation arising under or in connection with the Parallel Debt; (b) under any other Obligation; or (c) under any other indebtedness as the Secured Creditors (or the Collateral Agent on their behalf) and the Borrowers may agree from time to time.

Examples of Corresponding Obligations in a sentence

• However, Deposit Taker Losses with respect to a Deposit Taker for a particular Participant shall reduce the amount of BNPLC's Corresponding Obligations to Participants which are payable to such Participant as provided in Section 2.2 of the Participation Agreement.

• Each Parallel Debt Undertaking will become due and payable at the same time as the Corresponding Obligations become due and payable.

• Subject to proof to the contrary, the records of the Pledgee shall be conclusive evidence (dwingend bewijs) of the existence and amount of the Secured Obligations and the Corresponding Obligations, subject to and in accordance with the terms of the Credit Agreement.

• An Event of Default in respect of the Corresponding Obligations shall constitute a default (verzuim) within the meaning of section 3:248 of the Dutch Civil Code with respect to the Parallel Debts without any notice being required.

• Each Parallel Debt will be payable in the currency or currencies of the relevant Corresponding Obligations.

More Definitions of Corresponding Obligations

Corresponding Obligations means the Secured Obligations as they may exist from time to time, excluding the Parallel Debt.

Corresponding Obligations as defined in Section 10.34(a).

Corresponding Obligations has the meaning assigned to such term in the Dutch Share Pledge.

Corresponding Obligations means all Obligations, other than any Parallel Debt.

Corresponding Obligations means any amount owed by an International Loan Party to an International Secured Party under or in connection with the International Loan Documents.

Corresponding Obligations means each Loan Party’s Obligations other than the Parallel Debt.

Corresponding Obligations means each Note Party’s Obligations to Purchasers or holders of the Notes, other than the Parallel Debt.