Deferred Obligation definition

Deferred Obligation is defined in Section 3.08(a).
Sample 1
Deferred Obligation shall have the same meaning as ascribed to such term in the Master Lease and is a sum owed by Xxxxx MT to Seller pursuant to the terms of the Master Lease. Seller and Xxxxx MT agree that as of January 1, 2014, the outstanding sum of the Deferred Obligation was approximately $565,000.00. It is anticipated by Seller and Xxxxx MT that the sum of the Deferred Obligation outstanding as of the Closing will be less than the sum of $565,000.00.
Sample 1
Deferred Obligation means, as to any Person and at any date, any obligation of such Person to pay the deferred purchase price of property or services for a period in excess of six (6) months, including accounts payable, trade payables and accruals arising in the ordinary course of business, but excluding payments withheld in good faith to assure performance by other parties or payments withheld while being contested in good faith and by appropriate proceedings.
Sample 1

Examples of Deferred Obligation in a sentence

  • The difference is evidenced by a non-interest-bearing Deferred Obligation payable from economic incentive grant revenues after the obligations represented by the Series 2018 Bond have been paid.

  • In addition, as detailed in Note (5), the District has a remaining Deferred Obligation payable to the Developer in the amount of $7,500,000.

  • The Company’s share capital is discussed in Note 14 and long-term debt, including the Deferred Obligation and Earnout liability in Note 13.

  • The Lockbox Agreement and all obligations of MTP-South Tower thereunder, as same are supplemented and modified by the terms of this Agreement (including but not limited to the provisions of Section 11.8 of this Agreement), shall remain in full force and effect following the Effective Date until the Loan and all other obligations of MTP-South Tower to Aetna under the Amended Loan Documents (including but not limited to the Deferred Obligation provided for in Section 4.2) are paid in full.

  • The Deferred Obligation shall be increased or decreased in an amount that the Executive and the disinterested members of the Board, each acting reasonably, agree is necessary to make the Executive whole after taking into account any tax consequences to the Executive of his repayment of the Overpayment.

  • On the next scheduled payroll date after April 2, 2023, if any Deferred Obligation is then outstanding and the Executive remains employed by the Company on such date, the Company shall pay to the Executive in cash in one lump sum the then unpaid amount of the Deferred Obligation.

  • If any payment of Total Compensation exceeds the TC Cap, the Executive shall, promptly following his discovery of such overpayment, return the excess portion of such payment (the “Overpayment”) to the Company, and the amount of the Overpayment shall be added to the Deferred Obligation.

  • If requested by Buyer, the Seller Representative agrees, at its sole cost and expense (which shall be satisfied solely out of the Indemnification Escrow Account and as an offset against the Deferred Obligation Amount), to cooperate with Buyer and its counsel in contesting any Third Party Claim subject to this Section 11.2(c).

  • Any Delayed (or Deferred Obligation which is resurrected because of the carry back election) shall be paid within ten (10) Business Days after the final determination that such carry back is correct.

  • If the Executive’s employment with the Company terminates for any reason prior to the payment of the Deferred Obligation, the Executive, or his estate, may request that the Deferred Obligation be paid following such termination.


More Definitions of Deferred Obligation

Deferred Obligation means the total amount of BancTec's liability for payment of benefits under the Plan.
Sample 1
Deferred Obligation where used herein shall include (i) any revolving loan facility; (ii) any delayed funding loan; and (iii) any other obligation that commits the Issuer to provide funding, conditionally or unconditionally, to the borrower on a future date. 6 For purposes of these Operating Guidelines, the “principal terms” of a loan shall include its principal amount, interest rate, term, ranking compared with other liabilities, security, obligor, exchange or conversion rights, required or permitted timing of payments, fees or premiums, guarantees or other credit enhancements, and conditions to advancing additional funds.
Sample 1
Deferred Obligation means any unpaid balance of the amounts ------------------- calculated pursuant to Sections 4.03(b) and 4.03(d).
Sample 1
Deferred Obligation of any Person means, at any date, obligations of such Person to pay the deferred purchase
Sample 1
Deferred Obligation means the total amount of the Company's liability for payment of deferred benefits under this Plan.
Sample 1

Related to Deferred Obligation

  • Issuer Secured Obligations means all amounts and obligations which the Issuer may at any time owe to or on behalf of the Indenture Trustee for the benefit of the Indenture Trustee and the Noteholders under this Indenture, the Notes or the other Basic Documents.

  • Related Secured Obligations means, as of any date, the outstanding principal amount of the Related Equipment Notes issued under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date, the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related Indenture).

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with any issue of trust certificates or other securities intended to be issued in compliance with the principles of Shari’a, whether or not in return for consideration of any kind;

  • Current Pay Obligation means a Collateral Loan that would otherwise be a Defaulted Loan as to which (i) all scheduled interest and principal payments due (other than those due as a result of any bankruptcy, insolvency, receivership or other analogous proceeding) were paid in Cash and the Borrower or the Services Provider reasonably expects, and delivers to S&P (if S&P is then rating any Loans) a certificate of an Authorized Officer certifying that it reasonably expects, that the remaining scheduled interest and principal payments due will be paid in cash, (ii) the S&P Rating of such Collateral Loan is at least “CCC” and is not on a watch list for possible downgrade; (iii) the Market Value (which is not determined pursuant to clause (d) or subclause (iii) in the proviso of clause (c) of the definition thereof) of such Collateral Loan is at least 80% of par; and (iv) if the Obligor of such Collateral Loan is the subject of a bankruptcy, insolvency, receivership or other analogous proceeding, the bankruptcy court or other authorized official has authorized the payment of interest and/or principal and other amounts due and payable on such Collateral Loan and no such payments that are due and payable are unpaid; provided that to the extent that more than 10.0% of Total Capitalization would otherwise constitute Current Pay Obligations, one or more Collateral Loans (or portions thereof, as applicable) designated by the Borrower having a Maximum Principal Balance at least equal to such excess shall be deemed not to constitute Current Pay Obligations and shall instead constitute Defaulted Loans.

  • Additional Secured Obligations means (a) all obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that Additional Secured Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor.

  • U.S. Secured Obligations means all Secured Obligations of the US Loan Parties.

  • Secured Obligations shall have the meaning assigned in Section 3.1.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • Secured Obligation means an obligation secured by a security interest;

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Service obligation means the contractual obligation undertaken by an individual under section 2705 or section 2707 to provide health care services for a determinable time period at a site designated by the department.

  • Relevant Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of Islamic-compliant certificates, whether or not in return for consideration of any kind, which for the time being are, or are intended to be, or are capable of being, quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market.

  • Guaranteed Obligations has the meaning specified in Section 7.01.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. For purposes of determining the aggregate consideration paid for an Acquisition at the time of such Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Acquisition. For purposes of determining the amount of any Earn Out Obligations to be included in the definition of Funded Indebtedness, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with GAAP.

  • Guarantied Obligations and "Secured Obligations," as the case may be (in each case as such terms are defined in the applicable Collateral Document), including without limitation the payment and performance of all such "Obligations," "Guarantied Obligations" or "Secured Obligations," as the case may be, in respect of the Obligations of the Borrower now or hereafter existing under or in respect of the Amended Agreement and the Notes. Each Credit Support Party acknowledges and agrees that any of the Collateral Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Credit Support Party represents and warrants that all representations and warranties contained in the Amended Agreement and the Collateral Documents to which it is a party or otherwise bound are true, correct and complete in all material respects on and as of the Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date. Each Credit Support Party (other than the Borrower) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit Agreement.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Retained Obligations shall have the meaning set forth in Section 2.6.