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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• 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.

• The Current Obligations shall be paid within 30 days of the Termination Date.

• If the Companies terminate Executive’s employment for Cause during the Employment Period, the sole obligations of the Companies to Executive under Articles III and V shall be to pay Executive, pursuant to their then effective Plans, a lump-sum cash amount equal to the Current Obligations, determined as of the Termination Date, and all other Accrued Obligations in the form(s) and at the time(s) determined in accordance with the terms of the applicable Plans.

• In the event that Dencor's Current Obligations exceed $123,706, Mayn▇▇▇ ▇▇▇ ▇▇▇ Theo▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇l indemnify the Surviving Corporation up to the greater of the amount of the excess of liabilities or the fair value of their Series B Redeemable Preferred Stock in the surviving entity.

• 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.

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

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

Current Obligations means the portion of all outstanding debts including principal and interest owed by the borrower due within one year of the date of application, including payments on leases of real and personal property.