Dutch Obligations definition

Dutch Obligations means all Obligations of the Dutch Borrower.

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Dutch Obligations means the principal of the Dutch Revolving Loan, the Dutch Term Loan and any Letters of Credit issued for the account of the Dutch Borrower and all of the obligations of the Non-U.S. Obligors hereunder and under the Financing Documents, together with any interest thereon, Fees, Enforcement Costs and indemnifications attributable thereto.

Dutch Obligations all (a) principal of and premium, if any, on the Dutch Revolver Loans, (b) Dutch LC Obligations and other obligations of Dutch Obligors with respect to Dutch Letters of Credit, (c) interest, expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable by Dutch Obligors under Loan Documents, (d) Dutch Secured Bank Product Obligations, and (e) other Debts, obligations and liabilities of any kind owing by Dutch Obligors pursuant to the Loan Documents, in each case whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided, that Dutch Obligations of a Dutch Obligor shall not include its Excluded Swap Obligations.

Examples of Dutch Obligations in a sentence

Each Dutch Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to Agent and Dutch Lenders the prompt payment and performance of, all Dutch Obligations, except its Excluded Swap Obligations.
In carrying out the foregoing, all amounts collected or received by the Administrative Agent or any Lender from the Dutch Borrower shall be applied exclusively to the Dutch Obligations.
The Dutch Revolver Loans, Dutch LC Obligations and other Dutch Obligations constitute one general obligation of Dutch Borrowers and are secured by Agent’s Lien on all Dutch Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Dutch Borrower to the extent of any Dutch Obligations jointly or severally owed by such Dutch Borrower.
All payments of U.S. Obligations shall be made in Dollars and all payments of Dutch Obligations shall be made in Alternative Currency as set forth in Section 5.12.1, in each case, without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon on the due date.
Obligations: the sum of the Dutch Obligations and U.S. Obligations.
The Parallel Debt Undertaking shall also cover any future extension, prolongation, increase or novation of the Dutch Obligations.
Notwithstanding anything herein or in any of the other Financing Documents to the contrary, the Lender agrees that the Dutch Collateral shall secure only the Dutch Obligations and shall not secure any of the other Obligations.
The Dutch Obligations shall be guaranteed equally and ratably by the Parent, the US Borrowers, and each other Subsidiary (direct and indirect of the Parent), to the extent that such other Subsidiary of the Parent is required to guaranty the obligations of the Parent under the terms of the Indenture relating to the Senior Notes and the Additional Senior Notes.
Subsection 2.16 of the Credit Agreement is hereby amended by deleting the phrase “and (b)” after “Canadian Obligations,” in the twenty-fourth line thereof and inserting the phrase “, (b) the Norwegian Borrower shall be applied only to the Norwegian Obligations, (c) any Dutch Obligated Party shall be applied only to the Dutch Obligations and (d)”.
For purposes of the Indentures relating to the Senior Notes and the Additional Senior Notes, the Dutch Obligations of the Dutch Borrower and the Norwegian Obligations of the Norwegian Borrower, the Target and Saevik Supply U.K. shall not be deemed to be part of the "Credit Facility" (as such term is defined in such Indentures).

More Definitions of Dutch Obligations

Dutch Obligations means all Obligations of the Dutch Credit Parties (but excluding, for the avoidance of doubt, the U.S. Obligations).

Dutch Obligations means, in each case, whether now in existence or hereafter arising: (a) the unpaid principal of and accrued and unpaid interest on (including interest accruing after the filing of any bankruptcy or similar petition) the Loans made to the Dutch Borrower hereunder and (b) all other accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations and indebtedness (including interest and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), obligations and liabilities owing by the Foreign Loan Parties and each of their respective Subsidiaries to the Lenders, the Issuing Banks or the Administrative Agent, individually or collectively, existing on the Effective Date or arising thereafter, direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, in each case arising or incurred under this Agreement or any of the other Loan Documents.