Exchange Obligations definition

Exchange Obligations means (i) Equity Interests (other than Disqualified Equity Interests) and (ii) obligations in respect of senior or senior subordinated notes and/or senior or senior subordinated term loans, in each case issued or incurred by GGC on or after the Fifth Amendment Effective Date and on or before September 30, 2009, in exchange for 2003 Senior Notes, 2006 Senior Notes and/or 2006 Senior Subordinated Notes; provided that such Exchange Obligations shall have a final maturity date that is not earlier than 120 days after the Term Loan Maturity Date and shall have no mandatory principal payments prior to such date, shall not be secured by Liens on any assets other than the Domestic Collateral (and any Liens on the Domestic Collateral securing such Exchange Obligations shall be subordinated to the Liens securing the Obligations pursuant to the Intercreditor Agreement), and shall otherwise satisfy the conditions (including with respect to the issuance thereof) set forth on Schedule 1 to the Fifth Amendment.
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Exchange Obligations means (i) Equity Interests (other than Disqualified Equity Interests) and (ii) [reserved].
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Exchange Obligations means the ESOP Trust's obligation, on the Exchange Date, to: (w) effect the repayment of the ESOP Note and all Debt of the MidCon Group owed to the Occidental Group; (x) either (A) effect the release of Occidental from its obligations under any and all liabilities and obligations, including guarantees, indemnities and other contingent obligations, of Occidental (collectively, "Occidental Guarantees") incurred for the benefit of, or in respect of any Debt or obligation of, MidCon or any other member of the MidCon Group, other than liabilities arising under non-contractual contingent obligations outstanding as of the Exchange Date, (B) provide for indemnification of Occidental, by an institution with an investment grade credit rating, for all liabilities and obligations under Occidental Guarantees outstanding as of the Exchange Date, (C) provide other security or arrangements reasonably satisfactory to Occidental in respect of all liabilities and obligations under Occidental Guarantees outstanding as of the Exchange Date, or (D) any combination of the foregoing; (y) provide Occidental with an indemnity from MidCon, in form, scope and substance reasonably satisfactory to Occidental, with respect to all non- contractual contingent obligations referred to in clause (A) above; and (z) if the ESOP Trust intends to pay Occidental any portion of the Sharing Amount in cash, effect the payment to Occidental of cash equal to the Sharing Amount as of the Exchange Date.
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Examples of Exchange Obligations in a sentence

  • The Company shall treat all Noteholders exchanging on the same Trading Day in the same manner; however, the Company shall not have any obligation to settle its Exchange Obligations arising on different Trading Days in the same manner, except for exchanges with an Exchange Date occurring on or after February 15, 2013, which shall all be satisfied in the same manner.

  • The Company shall treat all Noteholders exchanging on the same Trading Day in the same manner; however, the Company shall not have any obligation to settle its Exchange Obligations arising on different Trading Days in the same manner, except for exchanges with an Exchange Date occurring on or after October 15, 2012, which shall all be satisfied in the same manner.

  • The Company shall treat all Noteholders exchanging on the same Trading Day in the same manner; however, the Company shall not have any obligation to settle its Exchange Obligations arising on different Trading Days in the same manner, except for exchanges with an Exchange Date occurring on or after February 1, 2012, which shall all be satisfied in the same manner.

  • The Guarantor hereby covenants that, except as otherwise provided therein, the Guarantee shall not be discharged except by payment in full of all Guarantee Obligations, including the principal, Additional Amounts, Exchange Obligations and interest on the Notes and all other costs provided for under this Indenture or as provided in Article 11.

  • The Guarantor hereby covenants that, except as otherwise provided therein, the Guarantee shall not be discharged except by payment in full of all Guarantee Obligations, including the principal (including the Fundamental Change Repurchase Price and Redemption Price, if applicable), Additional Amounts, Exchange Obligations and interest on the Notes and all other costs provided for under this Indenture or as provided in Article 11.

  • In satisfying its Exchange Obligations, the Company shall deliver a number of shares of Common Stock equal to (i) the aggregate principal amount of Notes to be exchanged divided by $1,000, multiplied by (ii) the applicable Exchange Rate (which shall include any increases to reflect any Additional Shares that such Holder is entitled to receive pursuant to Section 8.01(g) above).

  • There shall occur an “Event of Default” (or any comparable term) under, and as defined in, the documents governing the Exchange Obligations.

  • In the Matter of Rules and Regulations Implementing Minimum Customer Account Record Exchange Obligations on All Local and Interexchange Carriers (2005 Report and Order), CG Docket No. 02–386, FCC 05– 29, which was released on February 25, 2005, the Commission adopted rules governing the exchange of customer account information between local exchange carriers (LECs) and interexchange carriers (IXCs).

  • Avadel hereby covenants that, except as otherwise provided therein, the Guarantee shall not be discharged except by payment or satisfaction, as the case may be, in full of all Guarantee Obligations, including the principal (including the Fundamental Change Repurchase Price and Redemption Price, if applicable), Additional Amounts, Exchange Obligations and interest on the Notes and all other costs provided for under this Indenture (including as provided in Article 7).

  • In order to ensure the Fund's compliance with its Tax Information Exchange Obligations (as defined in paragraph 30 of this document), the Subscriber may also be required to provide such additional information as the Administrator and/or the Fund may reasonably require from time to time in order to ensure its ongoing compliance with its Tax Information Exchange Obligations.


More Definitions of Exchange Obligations

Exchange Obligations the collective reference to the unpaid principal of and interest on the Exchange Loans (including, without limitation, interest accruing at the then applicable rate provided in this Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding).
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Exchange Obligations. “Exchange Offer”, “Intercreditor Agreement”, “Minimum Excess Amount”, “Permitted Acquisitions” and “Pro Forma Basis” in Section 1.01 of the Credit Agreement are hereby deleted.
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Exchange Obligations means the ESOP Trust's obligation, on the Exchange Date, to: (w) effect the repayment of the ESOP Note and all Debt of the MidCon Group owed to the Occidental Group; (x) either (A) effect the
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Related to Exchange Obligations

  • Guarantee Obligations means, as to any Person, any obligation of such Person guaranteeing or intended to guarantee any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, (a) to purchase any such Indebtedness or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such Indebtedness or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness or (d) otherwise to assure or hold harmless the owner of such Indebtedness against loss in respect thereof; provided that, the term “Guarantee Obligations” shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation shall be deemed to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith or, if the Guarantee Obligation is expressly limited to a specified amount, such specified amount.