Erroneous Payment Subrogation Rights has the meaning assigned to it in Section 7.10(d).
Erroneous Payment Subrogation Rights has the meaning assigned to such term in Section 8.03(d).
Erroneous Payment Subrogation Rights as defined in Section 9.14(d).
Examples of Erroneous Payment Subrogation Rights in a sentence
Without limiting any of the foregoing, the Obligations shall include the Borrower’s or any Guarantor’s obligations to pay, discharge and satisfy any Erroneous Payment Subrogation Rights.
Each Subsidiary Guarantor shall guarantee the complete payment and performance of the Obligations (including Revolving Loans, LCs, Hedge Liabilities, and Erroneous Payment Subrogation Rights) by executing and delivering the Guarantee and Security Agreement to Administrative Agent on the Closing Date (for each Subsidiary Guarantor in existence on the Closing Date).
Without limiting any of the foregoing, the Obligations shall include any Erroneous Payment Subrogation Rights.
Without limiting any of the foregoing, the Obligations shall include the Borrower’s and Guarantors’ obligations to pay, discharge and satisfy any Erroneous Payment Subrogation Rights.
Erroneous Payment Subrogation Rights - as defined in Section 12.11.4(e).
More Definitions of Erroneous Payment Subrogation Rights
Erroneous Payment Subrogation Rights has the meaning assigned to it in Section 14.14(d).
Erroneous Payment Subrogation Rights has the meaning assigned to it in Section 8.15(e). “FCA” has the meaning specified in Section 2.23(a). “First Amendment Effective Date” means October 1, 2021. “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to USD LIBOR. “IBA” has the meaning specified in Section 2.23(a). “Interest Coverage Ratio” means, with respect to any Computation Period, the ratio of (a) Consolidated EBITDA minus cash payments made in respect of operating lease liabilities in accordance with IFRS for such period to (b) Consolidated Interest Expense (other than in respect of cash Interest Expense related to operating leases capitalized in accordance with IFRS) for such period. “Maximum Total Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a) Consolidated Total Debt as of such day to (b) Consolidated EBITDA for the Computation Period ending on such day minus cash payments made in respect of operating lease liabilities in accordance with IFRS for such period. “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document, or otherwise with respect to any Loan or Letter of Credit (including, without limitation, the obligations to pay, discharge or satisfy any Erroneous Payment Subrogation Rights), 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 and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that the “Obligations” shall exclude any Excluded Swap Obligations. “Payment Recipient” has the meaning assigned to it in Section 8.15(a). “Permitted Encumbrances” means: (a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 5.4; (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 5.4;
Erroneous Payment Subrogation Rights shall have the meaning attributed to such term in Section 10.19(d) of this Agreement.
Erroneous Payment Subrogation Rights means as defined in Section 10.11. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. “Event of Default” means each of the conditions or events set forth in Section 9.1. 19
Erroneous Payment Subrogation Rights is defined in Section 3.5(d).
Erroneous Payment Subrogation Rights has the meaning assigned to it in Section 9.15(e). “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “Eurocurrency Rate” means: (a) for any Interest Period with respect to a Eurocurrency Rate Loan, the rate per annum equal to (i) the ICE Benchmark Administration Limited LIBOR Rate (“ICE LIBOR”), as published by Reuters (or such other commercially available source providing quotations of ICE LIBOR as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two London Banking Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or (ii) if such published rate is not available at such time for any reason, then the “Eurocurrency Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurocurrency Rate Loan being made, continued or converted by Citi and with a term equivalent to such Interest Period would be offered by Citi’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two London Banking Days prior to the commencement of such Interest Period; and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to (i) ICE LIBOR, at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (ii) if such published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the approximate amount of the Base Rate Loan being made or maintained and with a term equal to one month would be offered by Citi’s London Branch to major banks in the London interbank eurodollar market at their request at the date and time of determination. Notwithstanding the foregoing, in no event shall the Eurocurrency Rate be less than 0.00% per annum. “Eurocurrency Rate Loan” means a Loa...
Erroneous Payment Subrogation Rights has the meaning assigned to such term in Section 9.20(d). From and after the Sixth Amendment Effective date, the term “Secured Obligations” shall be deemed to include Erroneous Payment Subrogation Rights for all purposes under the Loan Documents.