Fixed Asset Obligations definition

Fixed Asset Obligations means the Initial Fixed Asset Obligations and any Additional Fixed Asset Obligations.

Fixed Asset Obligations has the meaning assigned to such term in the Term Loan Intercreditor Agreement.

Fixed Asset Obligations shall include all interest accrued or accruing, including Post-Petition Interest, in accordance with the rate specified in the relevant Fixed Asset Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

Examples of Fixed Asset Obligations in a sentence

• Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to pay the Revolving Credit Obligations and the Fixed Asset Obligations as and when the same shall become due and payable in accordance with their terms.

• This authorization is coupled with an interest and is irrevocable until the Discharge of Revolving Credit Obligations and Discharge of Fixed Asset Obligations.

• The Grantors acknowledge and agree that, to the extent permitted by applicable law, the value of any payments or distributions in cash, property or other assets received by any Fixed Asset Collateral Agent or the Fixed Asset Claimholders that are paid over to the Revolving Credit Collateral Agent or the Revolving Credit Claimholders pursuant to this Agreement shall not reduce any of the Fixed Asset Obligations.

• Upon the Discharge of Revolving Credit Obligations, the Revolving Credit Collateral Agent shall deliver to the Controlling Fixed Asset Collateral Agent any Collateral and Proceeds of Collateral held by it as a result of the exercise of remedies in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct to be applied by the Controlling Fixed Asset Collateral Agent to the Fixed Asset Obligations in such order as specified in Section 4.1(b).

• To the extent any Proceeds are received for business interruption or for any liability or indemnification and those Proceeds are not compensation for a casualty loss with respect to the Fixed Asset Collateral, such Proceeds shall first be applied to repay the Revolving Credit Obligations (to the extent required pursuant to the Revolving Credit Agreement) and then be applied, to the extent required by the Fixed Asset Documents, to the Fixed Asset Obligations.

More Definitions of Fixed Asset Obligations

Fixed Asset Obligations means all Obligations outstanding under any Fixed Asset Credit Agreement and the other Fixed Asset Loan Documents. “Fixed Asset Obligations” shall include all interest accrued or accruing, including Post-Petition Interest, in accordance with the rate specified in the relevant Fixed Asset Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

Fixed Asset Obligations means Senior Secured Credit Facilities Obligations, Existing Secured Notes Obligations, Notes Obligations and other Additional Fixed Asset Obligations.

Fixed Asset Obligations means the Notes Obligations and the Additional Pari Passu Fixed Asset Obligations. “Fixed Asset Obligations” shall include all Post-Petition Interest with respect to Fixed Asset Documents.

Fixed Asset Obligations means, collectively, the Permitted Notes Obligations and any Additional Fixed Asset Obligations (as such term is used in the Intercreditor Agreement).

Fixed Asset Obligations shall include all Post-Petition Interest with respect to Fixed Asset Documents.

Fixed Asset Obligations means all Obligations outstanding under any Fixed Asset Credit Agreement and the other Fixed Asset Loan Documents and the Fixed Asset Hedging Obligations. “Fixed Asset Obligations” shall include all interest accrued or accruing, including Post-Petition Interest, in accordance with the rate specified in the relevant Fixed Asset Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

Fixed Asset Obligations means all Obligations outstanding under the Senior Secured Notes and the Senior Secured Notes Indenture and all other Fixed Asset Documents. “Fixed Asset Obligations” shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Fixed Asset Document, whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.