Deferred Obligation definition

Deferred Obligation means any unpaid balance of the amounts ------------------- calculated pursuant to Sections 4.03(b) and 4.03(d).
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Deferred Obligation is defined in Section 3.08(a).
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Deferred Obligation means the total amount of BancTec's liability for payment of benefits under the Plan.
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Examples of Deferred Obligation in a sentence

  • 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.

  • This Agreement, together with the Deferred Obligation Note and the Payment Guaranty, contains the entire agreement between the Parties regarding the subject matter hereof.

  • 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.

  • Notwithstanding anything to the contrary herein, the Company shall not be obligated to pay the Deferred Obligation prior to April 2, 2023, unless it receives a written opinion from its outside legal counsel that such payment is permitted by the PSP Agreements.

  • Company covenants and agrees that after the date it delivers the Disclosure Schedule (as defined in Section II) as provided in Section IV(b), it will bill ▇▇▇ customers consistent with its past practices and will promptly notify the Purchaser of any negotiations with respect to Deferred Obligation agreements.

  • The Company further covenants and agrees that is shall not enter into any new Deferred Obligation agreements without the written consent of Purchaser.

  • In the event that the Companies have Pre-Tax Profits in a year in excess of the Target for such year, then Seller may elect to have the total amount of such excess carried back and applied to the Target for either 1999, 2000, 2001 or 2002 in which there was a Delayed or Deferred Obligation for the purpose of reapplying the percentage tests set forth above, rather than crediting such excess to the year in which it is actually earned.

  • The payment of the Deferred Obligation after termination of the Executive’s employment in accordance with the provisions of this Section shall be in addition to any payments to which the Executive is entitled under Section 7(e) of the Original Agreement, and such payment of the Deferred Obligation shall not be limited by the provisions of Section 7(e) of the Original Agreement.

  • 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).

  • In no event shall proceeds from the operation of the Hotel that would otherwise be paid to Seller as a payment toward the reduction of the Deferred Obligation be diverted into any such reserves, except as specifically required by the terms of the Existing Financing.


More Definitions of Deferred Obligation

Deferred Obligation of any Person means, at any date, obligations of such Person to pay the deferred purchase
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Deferred Obligation means the total amount of the Company's liability for payment of deferred benefits under this Plan.
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Deferred Obligation shall have the same meaning as ascribed to such term in the Master Lease and is a sum owed by ▇▇▇▇▇ MT to Seller pursuant to the terms of the Master Lease. Seller and ▇▇▇▇▇ 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 ▇▇▇▇▇ MT that the sum of the Deferred Obligation outstanding as of the Closing will be less than the sum of $565,000.00.
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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.
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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.
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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 Any Collateral Obligation that would otherwise be treated as a Defaulted Obligation but as to which no payments are due and payable that are unpaid and with respect to which the Collateral Manager has certified to the Trustee (with a copy to the Collateral Administrator) in writing that it believes, in its reasonable business judgment, that the Obligor of such Collateral Obligation (a) is current on all interest payments, principal payments and other amounts due and payable thereunder and will continue to make scheduled payments of interest thereon and will pay the principal thereof and all other amounts due and payable thereunder by maturity or as otherwise contractually due, (b) if the Obligor is subject to a bankruptcy proceeding, it has been the subject of an order of a bankruptcy court that permits it to make the scheduled payments on such Collateral Obligation and all interest payments, principal payments and other amounts due and payable thereunder have been paid in Cash when due and (c) the Collateral Obligation has a Market Value of at least 80% of its par value.

  • 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.