Existing Obligation definition

Existing Obligation means, in relation to:
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Existing Obligation means the Obligation as defined in and arising under the Existing-Loan Agreement.
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Existing Obligation means “Obligation” as such term is defined in the Original Credit Agreement.
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Examples of Existing Obligation in a sentence

  • No Existing Obligation has been incurred in connection with, or in contemplation of, the Transactions or the other transactions contemplated hereby.

  • The Board of Directors of ColumbiaGrid, a Washington state non-profit corporation, on [insert date of Plan approving underlying EOP] approved an Existing Obligation Project (the “[insert name of EOP] EOP”) pursuant to the ColumbiaGrid Planning and Expansion Functional Agreement (as it may be amended from time to time, “Planning Agreement”).

  • No Existing Obligation has been incurred in connection with, or in contemplation of, the Transaction or the other transactions contemplated hereby.

  • Purchaser hereby accepts the Company's offer, and, upon the Company's delivery to Purchaser of stock certificates representing the Shares, Purchaser agrees that the Company's Existing Obligation shall be fully and forever discharged and Purchaser shall have no continuing claim against the Company with respect thereto.

  • Purchaser has investigated and will continue to investigate the merits and risks of accepting the Shares in exchange for the discharge of the Company's Existing Obligation.

  • No Existing Obligation has been incurred in connection with, or in contemplation of, the transactions contemplated hereby.

  • We agree that the sale of the Existing Currency will be done at the acceptable buying rate at the Bank of the Existing Currency, known at the sale date of the Existing Currency and that the buying of the Purchased Amount will be done at the acceptable sale rate at the Bank of the Existing Obligation Currency, known at the date of the purchase of the Purchased Amount.

  • If at any time a Specified Entity is able to provide a Guarantee without breaching an Existing Obligation, then the Company shall cause such Specified Entity to promptly (but in any event not later than 10 Business Days following the date on which such Existing Obligation ceases to be in effect) execute a supplemental indenture pursuant to which such Specified Entity shall become a Guarantor and execute a joinder to the Registration Rights Agreement.

  • This Agreement does not constitute a novation or repayment of any Existing Obligation.

  • Purchaser agrees that the Company's Existing Obligation shall be fully and forever discharged and Purchaser shall have no continuing claim against the Company with respect thereto.


More Definitions of Existing Obligation

Existing Obligation means, in relation to: (i) any agreement or exclusion referred to in Clause 4; or (ii) any termination of this Guarantee; or (iii) any amendment to this Guarantee, any Obligation incurred before, or arising out of any credit or similar facility (whether committed or uncommitted) available for use at, the time at which the relevant agreement, exclusion, termination or amendment becomes effective; "Group" means, in relation to Carnival or P&O Princess, such company and its Subsidiaries from time to time; "Implementation Agreement" means the Agreement headed "Offer and Implementation Agreement" entered into between P&O Princess and Carnival, dated as of 8 January 2003; "Obligation" means: (a) any contractual monetary obligation (whether primary or secondary (and including, for the avoidance of doubt, any guarantee of the contractual monetary obligations of any Principal Debtor)) incurred by Carnival after the date of this Guarantee; and (b) any other obligation of any kind which may be agreed in writing between Carnival and P&O Princess (in their absolute discretion) (in which case a note of such Obligation will be appended as an exhibit to this Guarantee), excluding, in each case, any obligation (unless such obligation has been included pursuant to clause (b), above):
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Related to Existing Obligation

  • Existing Obligations means the “Obligations” as defined in the Existing Credit Agreement.

  • Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Continuing Obligations means obligations or responsibilities that are reasonably expected to or actually continue or arise after Operations on a particular area of the Properties have ceased or are suspended, such as future monitoring, stabilization, or Environmental Compliance.

  • Outstanding Obligations means, as of any date, and giving effect to making any Extensions of Credit requested on such date and all payments, repayments and prepayments made on such date, the sum of (a) the aggregate outstanding principal amount of all Loans, and (b) all Letter of Credit Usage.