Excess Obligations definition

Excess Obligations is defined in Section 2.2(a).

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Excess Obligations means the Excess Revolving Credit Obligations and the Excess Term Loan Obligations.

Excess Obligations means, as of any date of determination, that ------------------ portion of the Obligations, if any, which are not Qualified Obligations as of that date.

Examples of Excess Obligations in a sentence

Section 3.1, Excess Obligations Prohibited, is deleted in its entirety.
See Texas Constitution, Article III Section 49, State Debts; and Texas General Appropriations Act for the 2022-2023 Biennium, Article IX, Section 6.03, Excess Obligations Prohibited.
Notwithstanding the foregoing, Buyers will not be entitled to recover the amount of Excess Obligations Reimbursement payable to Buyers hereunder unless and until the amount of such Excess Obligations Reimbursement exceeds, in the aggregate, $10,000.
Notwithstanding anything to the contrary, the covenants of IHI as set forth in Section 11.8 with respect to the Excess Obligations Reimbursement shall not expire, except upon a Non-Affiliate Sale.
The Agreement is made and entered into, and is performable in whole or in part, in the State of Texas, and venue for any No Excess Obligations.
The Company further agrees to indemnify and hold harmless the Underwriter from and against any and all losses, damages, costs, charges, fees, payments, expenses, and liability (collectively, “Losses”) arising out of the Underwriter’s performance of any of the Excess Obligations, unless (and then only to the extent) such Losses are determined through binding arbitration to have been the direct result of the Underwriter’s gross negligence or willful misconduct.
Furthermore, each Borrower agrees with the others that, to the extent it repays, or its Mortgaged Property is used to repay, any portion of the Loans in excess of the portion of the Loans advanced to or for the direct benefit of such Borrower, or interest, fees or expenses in connection therewith (the “Excess Obligations”), such Borrower will be entitled to reimbursement from the other Borrowers that received the direct benefit of the Excess Obligations.
To the extent the Landlord's Liens secure the Excess Obligations, they shall automatically be subordinate to any lien on the same property that secures a Lender, either as of the Effective Date or at any time during the Term of this Lease.
The Excess Obligations (if any) and the Compliance Costs (as defined below) (collectively, the “Principals’ Closing Obligations”) shall be paid by the Principals from the Consideration (pro rata based on their respective percentage share of the Consideration as set forth in the Schedule to Section 2 hereof) at Closing.
The Advisor further agrees to indemnify and hold harmless the Underwriter from and against any and all Losses arising out of the Underwriter’s performance of any of the Excess Obligations, unless (and then only to the extent) such Losses are determined through binding arbitration to have been the direct result of the Underwriter’s gross negligence or willful misconduct.

More Definitions of Excess Obligations

Excess Obligations shall have the meaning set forth in Section VII(E)(1) hereof.

Excess Obligations means the amount of any Collateral Value Over-advance by any Lender existing at the date of the notice of the

Excess Obligations means any obligation or liability of Guarantor arising under this Guaranty as a result of an Obligation of Obligor that is a Loss arising out of or relating to the Applicable Acquired Companies Acquisition or the applicable Acquired Company (1) resulting from, arising out of or relating to (A) any willful breach of any representation, warranty or covenant or (B) fraud, or (2) incurred as a result of any breach by Obligor of any of its representations and warranties set forth in Section 5.12(c) of the Agreement.

Excess Obligations means the amount of any Collateral Value Over-Advance by any Lender existing at the date of the notice of the First Demand, plus any interest, fees, commissions, attorney’s fees or other amounts owing in respect of such Collateral Value Over-Advance. “Collateral Value Over-Advance” means that portion of the principal or face amounts of all Obligations held by a Lender that, at the time such Obligations are incurred, when added to the principal or face amounts of all Obligations shown to be held by all Lenders, are in excess of the Collateral Value, as such Collateral Value and Obligations were shown on the Collateral Report last delivered to such Lender. No extension, renewal or refinancing of an Obligation that was not a Collateral Value Over-Advance shall be deemed to be a Collateral Value Over-Advance. Notwithstanding anything to the contrary contained herein, no Collateral Value Over-Advance shall be deemed to arise from an Obligation to a Lender arising from a loan or other extension of credit which the Lender shall have made after receiving a certificate executed by the Company certifying that after giving effect to such loan or extension of credit, the principal and face amount of all Obligations to all Lenders are less than the Collateral Value after giving effect to any changes in the Collateral Value and Obligations subsequent to the date of the most recent Collateral Report delivered to such Lender.

Excess Obligations has the meaning set forth in Section 2.2.