Excluded Obligations definition

Excluded Obligations has the meaning set forth in Section 2.5.

Excluded Obligations has the meaning specified in Section 2.3.

Excluded Obligations shall have the meaning set forth in Section 2.5.

Examples of Excluded Obligations in a sentence

• Notwithstanding the foregoing, Excluded Obligations (as defined in the Guarantee and Collateral Agreement) with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets and such Excluded Obligations shall be disregarded in any application of Collection Amounts pursuant to the preceding paragraph.

• The Company shall have no additional obligations under this Agreement, but the Executive shall retain all rights with respect to the Excluded Obligations in accordance with the terms of the agreements under which such obligations are provided.

• For convenience of reference, all liabilities and obligations of the Seller not being assumed by the Buyer are collectively referred to as the "Excluded Obligations." The Seller hereby agrees to pay all Excluded Obligations as and when such Excluded Obligations become due.

• For the avoidance of doubt, this Section 3 shall not apply to the Excluded Obligations.

• Seller shall take any and all commercially reasonable actions which may be necessary to prevent any person, firm or governmental authority from having recourse against the Purchased Business, any of the Purchased Assets or against Buyer with respect to any Excluded Obligations.

More Definitions of Excluded Obligations

Excluded Obligations means contingent indemnification and expense reimbursement obligations.

Excluded Obligations the obligations of the Loan Parties described as “Excluded Obligations” in the Disclosure Letter for which the applicable Loan Party has received credit support in the form of (a) an irrevocable letter of credit naming the Collateral Agent (or such other Person acceptable to the Collateral Agent) as “beneficiary” thereof, which letter of credit shall (i) be in form and substance reasonably acceptable to the Collateral Agent, (ii) be issued by a bank that is Investment Grade, and (iii) not terminate earlier than fifteen (15) days after the expected payment date of such Excluded Obligation; provided, that, upon the request of the Collateral Agent during the continuance of an Event of Default, with respect to each letter of credit described in this clause (a), the applicable Loan Party shall (A) assign the proceeds of such letter of credit to the Collateral Agent (or such other Person acceptable to the Collateral Agent), (B) cause the issuing bank of such letter of credit to consent to such assignment and (C) cause any such letter of credit issued to be advised by the Collateral Agent or (b) cash in an amount equal to such Excluded Obligations which is deposited in a Deposit Account that is a Controlled Account subject to the exclusive control of the Collateral Agent.

Excluded Obligations means any (a) borrowings by Trust III or any bankruptcy remote special purpose vehicles and (b) SBA borrowings.

Excluded Obligations. (i) With respect to the Retention Holder, Collateral Obligations that would not meet the eligibility criteria for inclusion as a “Collateral Obligation” as defined in the Indenture other than such eligibility criteria with respect to Defaulted Obligations and Credit Risk Obligations which are included as Retention Holder Collateral Obligations hereunder, and (ii) with respect to the Issuer, Collateral Obligations that would not meet the eligibility criteria for inclusion as a “Collateral Obligation” as defined in the Indenture.

Excluded Obligations means the “Excluded Obligations” as defined in the Jupiter Side Letter.

Excluded Obligations means any Liability arising exclusively out of any Excluded Asset, whether arising before, at or after Closing.

Excluded Obligations means (a) all obligations under the CH Lease and the Vermilion Lease, (b) all obligations under the Tolling Agreements, (c) any other obligations existing as of the Closing Date to the extent such other obligations (i) were not included on the balance sheet of the Borrower and its Subsidiaries as indebtedness at the time such other obligation was entered into and (ii) were subsequently recharacterized for accounting purposes as indebtedness and (d) any other obligations of any Person acquired after the Closing Date which Person thereupon becomes a Restricted Subsidiary to the extent such other obligations (i) were not included on the balance sheet of such Person as indebtedness at the time of such acquisition and (ii) were subsequently recharacterized for accounting purposes as indebtedness.