Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrowers arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, 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 and fees that accrue after the commencement by or against any Designated Borrower 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 and fees are allowed claims in such proceeding.
Designated Borrower Obligations means all Obligations of each Designated Borrower.
Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrowers arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, 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 and fees that accrue after the commencement by or against any Designated Borrower 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 and fees are allowed claims in such proceeding. The foregoing shall also include (a) all obligations under any Swap Contract between any Designated Borrower and any Swap Bank and (b) all obligations under any Treasury Management Agreement between any Designated Borrower and any Treasury Management Bank.
Examples of Designated Borrower Obligations in a sentence
The Company hereby absolutely, unconditionally and irrevocably guarantees the full and punctual payment when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all Designated Borrower Obligations.
The Company hereby guarantees to each Lender and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Designated Borrower Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof.
The Company agrees that its guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Designated Borrower Obligations is rescinded or must otherwise be restored by any Secured Party, upon the insolvency, bankruptcy or reorganization of any other Designated Borrower, any other Obligor or otherwise, all as though such payment had not been made.
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Payments received pursuant to this Guaranty shall be applied to the Designated Borrower Obligations in the order set forth in Section 9.03 of the Credit Agreement.
More Definitions of Designated Borrower Obligations
Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrowers arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, 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 and fees that accrue after the commencement by or against any
Designated Borrower Obligations means with respect to a Designated Borrower, all advances to, and debts, liabilities, obligations, covenants and duties of, such Designated Borrower arising under any Loan Document or otherwise, with respect to any Loan made to such Designated Borrower, 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 and fees that accrue after the commencement by or against such Designated Borrower of any proceeding under any Debtor Relief Laws naming such Designated Borrower as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Designated Borrower Obligations under the Loan Documents with respect to a Designated Borrower include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by such Designated Borrower under any Loan Document and (b) the obligation of such Designated Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Designated Borrower. The foregoing shall also include (a) all obligations under any Swap Contract between such Designated Borrower and any Swap Bank and (b) all obligations under any Treasury Management Agreement between such Designated Borrower and any Treasury Management Bank.
Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrower arising under any Loan Document or otherwise with respect to any Loan, 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 and fees that accrue after the commencement by or against the Designated Borrower 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 and fees are allowed claims in such proceeding.
Designated Borrower Obligations means all Obligations of each Designated Borrower. “Designated Borrower Request and Assumption Agreement” is defined in clause (a) of Section 2.9. “Disbursement” is defined in Section 2.7.2.
Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrower arising under any Loan Document or otherwise with respect to any Designated Borrower Revolving Loan, 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 and fees that accrue after the commencement by or against the Designated Borrower 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 and fees are allowed claims in such proceeding. The foregoing shall also include (a) all obligations under any Swap Contract between the Designated Borrower and any Swap Bank that is permitted to be incurred pursuant to Section 8.03(d) and(b) all obligations under any Treasury Management Agreement between the Designated Borrower and any Treasury Management Bank. “Designated Borrower Revolving Commitments” has the meaning specified in Section 2.02(f)(iii).
Designated Borrower Obligations means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrowers arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, 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 and fees that accrue after the commencement by or against any Designated Borrower 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 and fees are allowed claims in such proceeding. The foregoing shall also include (a) all obligations under any Swap Contract between any Designated Borrower and any Swap Bank and (b) all obligations under any Treasury Management Agreement between any Designated Borrower and any Treasury Management Bank. “Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.16. “Designated Jurisdiction” means any country, region or territory that is itself subject to comprehensive country-based (not individual- or entity-based) Sanctions. As of the FirstSecond Amendment Effective Date, Designated Jurisdictions are Cuba, Iran, North Korea, Sudan, Syria and the Crimea Region of Ukraine. “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition of any Property by the Company or any Subsidiary (including the Capital Stock of any Subsidiary), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith, but excluding (i) the sale, lease, license, transfer or other disposition of assets in the ordinary course of business of the Company and its Subsidiaries, (ii) #89182136v12
Designated Borrower Obligations means with respect to a Designated Borrower, all advances to, and debts, liabilities, obligations, covenants and duties of, such Designated Borrower arising under any Loan Document or otherwise, with respect to any Loan made to such Designated Borrower, 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 and fees that accrue after the commencement by or against such Designated Borrower of any proceeding under any Debtor Relief Laws naming such Designated Borrower as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the generality of the foregoing, the Designated Borrower Obligations under the Loan Documents with respect to a Designated Borrower include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by such Designated Borrower under any Loan Document and (b) the obligation of such Designated Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Designated Borrower. The foregoing shall also include (a) all obligations under any Swap Contract between such Designated Borrower and any Swap Bank and (b) all obligations under any Treasury Management Agreement between such Designated Borrower and any Treasury Management Bank. “Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.17.