Current Obligations definition

Current Obligations means Trust obligations arising from extension of credit to the Trust and payable in cash within (1) year from the date an Employer contribution is due.

Current Obligations means obligations of the Trust arising from extensions of credit to the Trust, in connection with the purchase by the Trust of Leveraged Company Stock, and either

Current Obligations means (a) all accounts payable and other liabilities or obligations of the Debtors that arose or accrued in the ordinary course of the Debtors’ businesses subsequent to the Petition Date and prior to the Confirmation Date (excluding any Abuse Claims), and (b) any taxes that were incurred subsequent to the Petition Date and became or become legally due and payable by the Debtors subsequent to the Petition Date and prior to the Confirmation Date.

Examples of Current Obligations in a sentence

• Employer contributions in cash, and any earnings on such contributions, shall first be applied to pay any Current Obligations of the Trust Fund.

• Employer contributions in cash and other cash received by the Trust Fund shall first be applied to pay any Current Obligations of the Trust Fund.

• Current Obligations of Work (This form must be submitted in a separate e-mail if submitting electronically.

• Current Obligations: Consultant is submitting current work obligations in dollars and/or the Teaming Agreement’s Team Lead is submitting current work obligations on behalf of each of the Team member firms.

• Borrower and each Guarantor expressly acknowledge and agree that the Credit Agreement and other Loan Documents are valid and enforceable by Agent and Lenders, and expressly reaffirm each of their obligations (including the amount of the Current Obligations) under the Credit Agreement and other Loan Documents, free and clear of all defenses, offsets and counterclaims of any kind or nature.

More Definitions of Current Obligations

Current Obligations means (a) all accounts payable and other liabilities or obligations of the Debtor that arose or accrued in the ordinary course of the Debtor’s business during the Case and (b) any taxes that were incurred subsequent to the Petition Date and became or become legally due and payable by the Debtor subsequent to the Petition Date and prior to the Effective Date.

Current Obligations means trust financial obligations arising from an Exempt Loan to the trust, and payable in cash within one year from the date an Employer Contribution is due.

Current Obligations means the sum of the amounts of Executive’s Accrued Annual Bonus, Accrued Base Salary, Accrued LTIP Bonus and any accrued but unpaid paid time off; provided that, if any amount that would otherwise be treated as a Current Obligation would, if paid when specified hereunder, constitute deferred compensation within the meaning of Section 409A of the Code, such amount shall not be treated as a Current Obligation.

Current Obligations means (a) all accounts payable and other liabilities or

Current Obligations means all debts and obligations for which the Trust Fund is liable.

Current Obligations means obligations of the Trust Fund arising from expenses incurred by the Trust Fund and an extension of credit to the Trust Fund and payable in cash within one (1) year from the date a contribution to the Plan is due.

Current Obligations means, for any period, the sum of (i) Consolidated Interest Expense for such period and (ii) Current Maturities for such period.