Financial Support Arrangements definition
Financial Support Arrangements means any obligations, contingent or otherwise, of a Person in respect of any indebtedness, obligation or liability (including assumed indebtedness, obligations or liabilities) of another Person, including but not limited to remaining obligations or liabilities associated with indebtedness, obligations or liabilities that are assigned, transferred or otherwise delegated to another Person, if any, letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements, agreements to purchase or repurchase such indebtedness, obligation or liability or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations.
Financial Support Arrangements means any Liabilities of a Person in respect of any indebtedness, obligation or liability (including assumed indebtedness, obligations or liabilities) of another Person (and, in the case of Parent, any other division or business of Parent, including the Spinco Business), including remaining Liabilities associated with indebtedness, obligations or liabilities that are assigned, transferred or otherwise delegated to another Person, if any, letters of credit, standby letters of credit and surety bonds (including any related reimbursement or indemnity agreements), direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements, agreements to purchase or repurchase such indebtedness, obligation or liability or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations.
Financial Support Arrangements as defined in Section 3.16.
Examples of Financial Support Arrangements in a sentence
Except as otherwise expressly set forth in the Transaction Documents, nothing in this Section 6.01 or elsewhere in the Transaction Documents shall require any Party or any of their respective Affiliates to make any payments or issue any guarantee or other Financial Support Arrangements in order to obtain any consents or approvals necessary or desirable in connection with the consummation of the Contemplated Transactions.
As promptly as practicable after the Closing Date, LM shall provide the Company with a list of such Financial Support Arrangements to the extent not listed in Section II.10 of the Contribution Disclosure Schedule.
In furtherance of the foregoing, the Parties agree (i) to use reasonable commercial efforts to arrange for the provision by the Company of substitute Financial Support Arrangements on terms and conditions reasonably satisfactory to the beneficiaries thereof on the Closing Date, and (ii) to provide financial information concerning the Company and each Member’s ELV Business reasonably requested by those Persons for whose benefit the Financial Support Arrangements were made.
In the event that Newco fails to cause such Financial Support Arrangements to be terminated, Newco shall continue to use commercially reasonable efforts to cause such Financial Support Arrangements to be terminated in a manner reasonably acceptable to Parent as soon as possible after Closing.
Any cash deposited with Seller in accordance with clause (i) shall be held by Seller in a segregated interest-bearing account and shall be used by Seller solely to satisfy its payment obligations in respect of such Financial Support Arrangements, and the unused portion of any cash (including interest) so deposited with Seller shall be returned to Buyer promptly following the release of Seller Companies with respect to, or any other termination of, the Financial Support Arrangement.
More Definitions of Financial Support Arrangements
Financial Support Arrangements means any liabilities or obligations, contingent or otherwise, of a Person in respect of any indebtedness, obligation or liability (including assumed indebtedness, obligations or liabilities) of another Person (and, in the case of Seller Companies, another division or business of Seller Companies), including remaining obligations or liabilities associated with indebtedness, obligations or liabilities that are assigned, transferred or otherwise delegated to another Person, if any, letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements, agreements to purchase or repurchase such indebtedness, obligation or liability or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations.
Financial Support Arrangements means the agreements listed in Schedule B.10 as "Financial Support Arrangements."
Financial Support Arrangements means the Liabilities of HNS, Parent or any of their respective Affiliates (other than the Transferred Subsidiaries), contingent or otherwise, in respect of any indebtedness or Liability (including assumed indebtedness or contingent obligations or Liabilities) of the Business, of the following types: letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees, letters of comfort, performance bonds, indemnity agreements, recourse agreements, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations of the type listed on Section 4.16(a)(v) of the Disclosure Schedule.
Financial Support Arrangements means any liabilities or obligations, contingent or otherwise, of a Person in respect of any indebtedness, obligation or liability (including assumed indebtedness, obligations or liabilities) of another Person, including any remaining obligations or liabilities associated with indebtedness, obligations or liabilities that are assigned, transferred or otherwise delegated to another Person, if any, letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, surety bonds, customs bonds, take-or-pay agreements, keep-well agreements, agreements to purchase or repurchase such indebtedness, obligation or liability or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received, off-balance sheet financing vehicles and any other financial accommodations.
Financial Support Arrangements means any liabilities and obligations, contingent or otherwise, of a Person in respect of any Indebtedness, obligation or liability of another Person, including letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees (including guarantees relating to real property), endorsements, surety bonds, performance bonds, notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements or financial assurance obligations, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations. As used herein, “Financial Support Arrangements” shall not be deemed to include any of Seller’s liabilities and obligations in respect of the Supply Chain Financing Programs.
Financial Support Arrangements has the meaning set forth in the Separation Agreement.
Financial Support Arrangements means any obligations, contingent ------------------------------ or otherwise, of a person in respect of any Liability of another person, including but not limited to remaining Liabilities that are assigned, transferred or otherwise delegated to another person, if any, letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements), direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements, contribution agreements, agreements to purchase or repurchase the indebtedness, obligation or liability of another person or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other than for value received and any other financial accommodations.