Existing Obligor definition

Existing Obligor means the party of the first part to a Novation Agreement
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Existing Obligor means a Person as of the Closing Date in which the Company has an Investment or is obligated or committed to make an Investment, or which has obligations which are, in whole or part, guaranteed by the Company or which the Company is obligated or committed, in whole or part, to guarantee.
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Existing Obligor means the Borrower and the Existing Guarantor.
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Examples of Existing Obligor in a sentence

  • The Beneficiary hereby releases and discharges the Existing Obligor from further performance of the Relevant Provisions and from all liabilities, obligations, claims, undertakings and demands howsoever arising out of or in respect of the Relevant Provisions, whether arising prior to, on or subsequent to the Commencement Date.

  • The Existing Obligor owns land at Eastney, Portsmouth including a beach.

  • The Existing Obligor hereby releases and discharges the Beneficiary from further performance to the Existing Obligor of the Beneficiary's obligations under the Relevant Provisions and from all liabilities, obligations, claims, undertakings and demands howsoever arising out of or in respect of the Relevant Provisions arising prior to the Commencement Date.

  • Each Existing Obligor acknowledges and agrees that neither its consent to, nor acknowledgment of, the Restatement is required pursuant to the terms of the Ancillary Documents and any failure to obtain such consent or acknowledgment in connection with any future amendment to or restatement of the Restated Financing Agreement will not affect the validity of its obligations under the Ancillary Documents and that this Agreement is being delivered solely for purposes of form.

  • The New Obligor hereby accepts the foregoing assignment by the Existing Obligor and hereby assumes all of the Existing Obligor's rights and obligations under the Expense Agreements and under the Trust Agreements.

  • As at 30 September As per the Supplemental Indenture dated 30 November 2018 the 9.75% Notes due 2019 and 6.000% Notes due 2022 were transferred from PETROTRIN (Existing Obligor) to Trinidad Petroleum Holdings Company Limited (New Obligor).

  • This means that it is needed the implementation of an efficient information system extended to the whole chain of recovery with strong involvement of all the stakeholders.

  • The New Obligor unconditionally and irrevocably (i) releases the Existing Obligor from all obligations and liabilities under the Expense Agreements and the Trust Agreements and (ii) agrees to be substituted for the Existing Obligor under the Expense Agreements and the Trust Agreements and for all purposes is becoming (x) the "Corporation" under the Expense Agreements and (y) the "Depositor" under the Trust Agreements.

  • Each Existing Obligor hereby further acknowledges and agrees that this Agreement and each Ancillary Document shall constitute a “Loan Document” under and as defined in the Restated Financing Agreement.


More Definitions of Existing Obligor

Existing Obligor means each Obligor immediately before the date of the Amendment Agreement.
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Related to Existing Obligor

  • Underlying Obligor means with respect to an Underlying Obligation, the issuer in the case of a Bond, the borrower in the case of a Loan, or the principal obligor in the case of any other Underlying Obligation.

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

  • 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.

  • 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.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Original Obligor means an Original Borrower or an Original Guarantor.

  • Debtor means a person who is liable on a claim.

  • Limited Exchange Act Reporting Obligations The obligations of the Master Servicer under Section 3.16(b), Section 6.02 and Section 6.04 with respect to notice and information to be provided to the Depositor and Article XI (except Section 11.07(a)(1) and (2)).

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Foreign Obligor means a Loan Party that is a Foreign Subsidiary.

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Mortgage Supporting Documents means, with respect to a Mortgage for a parcel of Real Property, each the following:

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Pledged Entity means an issuer of Pledged Shares or Pledged Indebtedness.

  • Originator means the sender of the first payment order in a funds transfer.

  • CPS means Consumer Portfolio Services, Inc., a California corporation and its successors.

  • Lead Securitization Note Holder means the holder of the Lead Securitization Note.

  • Financing entity means an electric public utility, a special

  • Securitization Entity means a Wholly Owned Subsidiary of the Borrower (or another Person in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary of the Borrower transfers accounts receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable and which is designated by the Board of Directors of the Borrower (as provided below) as a Securitization Entity (i) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (A) is guaranteed by the Borrower or any Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Borrower or any Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Borrower or any Restricted Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; (ii) with which neither the Borrower nor any Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower, other than fees payable in the ordinary course of business in connection with servicing receivables of such entity, standard Securitization Undertakings and other terms, including Purchase Money Notes, typical in Securitization Transactions; and (iii) to which neither the Borrower nor any Restricted Subsidiary of the Borrower has any obligations to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the Borrower shall be evidenced to the Agent (for distribution to the Lenders) by filing with the Agent a certified copy of the Board Resolution of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions.

  • Existing Manager means THR Property Management L.P.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Obligor on the indenture securities means the Company and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions.

  • Transaction Parties As defined in Section 5.3(o).