Flyer Miles Obligations definition

Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Borrower under any card marketing agreement with respect to credit cards co branded by the Borrower and a financial institution which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by Parent or any of its Subsidiaries with any bank from time to time.
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Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Borrower under any card marketing agreement with respect to credit cards co-branded by the Borrower and a financial institution which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by Parent or any of its Subsidiaries with any bank from time to time.
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Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Borrower under any card marketing agreement with respect to credit cards co-branded by the Borrower and a financial institution, including the AADVANTAGE Participation Agreement between the Company and Citibank (South Dakota), N.A., effective as of June 10, 2008, as amended, restated, modified, supplemented, replaced or extended from time to time.
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More Definitions of Flyer Miles Obligations

Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Parent or any of its Subsidiaries under any card marketing agreement with respect to credit cards co-branded by the Parent or any of its Subsidiaries and a financial institution, which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by the Parent or any of its Subsidiaries with any bank, as amended, restated, modified, supplemented, replaced or extended from time to time.
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Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Borrower under any card marketing agreement with respect to credit cards co-branded by the Borrower and a financial institution, including the AADVANTAGE Participation Agreement between the Borrower and Citibank (South Dakota), N.A., effective as of June 10, 2008, as amended, restated, modified, supplemented, replaced or extended from time to time.
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Flyer Miles Obligations means, as at any date of determination, the obligation of the Company to pay to Chase Bank USA, N.A. and/or JPMorgan Chase Bank, N.A. any amount, whether direct or indirect, absolute or contingent, and whether for principal, reimbursement obligations, fees, penalties, indemnifications, contract causes of action, costs, expenses or otherwise, owing by the Company under the Co-Branded Agreement, the Debit Card Marketing Agreement and/or the CAL Indemnity.
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Flyer Miles Obligations appearing in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
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Flyer Miles Obligations means, as at any date of determination, all payment and performance obligations of the Company under the Flyer Miles Participation Agreement.
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Flyer Miles Obligations means, at any date of determination, all payment and performance obligations of the Parent or any of its Subsidiaries under any card marketing agreement with respect to credit cards co-branded by the Parent or any of its Subsidiaries and a financial institution, which may include obligations in respect of the pre-purchase by third parties of frequent flyer miles and any other similar agreements entered into by the Parent or any of its Subsidiaries with any bank, as amended, restated, modified, supplemented, replaced or extended from time to time. For purposes of clause (2) of the definition of “Permitted IP Liens”, the principal amount of any Flyer Miles Obligations will be deemed to be, at any time, the amount of such Flyer Miles Obligations that would appear at such time as a liability on the consolidated balance sheets of the Parent in accordance with GAAP, as in effect on, and as applied by the Parent as of, the date of this Indenture. For purposes of clause (6) of the definition of “Permitted Pari Passu Debt”, if any agreement with respect to Flyer Miles Obligations provides that the Parent or any of its Subsidiaries is required to make a payment in cash to the counterparty or counterparties on such Flyer Miles Obligations on a specified date or dates, which cash payment or payments would be comparable (as reasonably determined by the Company) to (i) an installment of principal (i.e., amortization payment), sinking fund obligation or serial maturity payment owed on Indebtedness for borrowed money or (ii) the payment of principal at final scheduled maturity owed on Indebtedness for borrowed money, then, in the case of each of the foregoing clauses (i) and (ii), such payment or payments will be deemed to be an installment of principal, sinking fund obligation, serial maturity payment, or payment of principal at final scheduled maturity, as applicable, owed on Indebtedness for borrowed money that is due and payable on such specified date or dates. For avoidance of doubt, if the agreement or agreements with respect to the applicable Flyer Miles Obligations do not provide for any such reasonably comparable payment or payments, then for purposes of clause (6) of the definition of “Permitted Pari Passu Debt”, the maturity date and Weighted Average Life to Maturity of such Flyer Miles Obligations will be deemed to be no earlier than, and no shorter than, that of the Notes.
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Related to Flyer Miles Obligations

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Derivatives Obligations of any Person means all obligations of such Person in respect of any rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions.

  • Banking Services Obligations of the Loan Parties means any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • U.S. Obligations means securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are (i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged, and (ii) not subject to prepayment, call or early redemption.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Specified Derivatives Obligations means all indebtedness, liabilities, obligations, covenants and duties of the Borrower or its Subsidiaries under or in respect of any Specified Derivatives Contract, whether direct or indirect, absolute or contingent, due or not due, liquidated or unliquidated, and whether or not evidenced by any written confirmation.

  • Obligations means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness.

  • Excluded Swap Obligations with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee Obligation of such Guarantor with respect to, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time such Guarantee Obligation of such Guarantor, or the grant by such Guarantor of such Lien, becomes effective with respect to such Swap Obligation. If such a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee Obligation or Lien is or becomes excluded in accordance with the first sentence of this definition.