Funded Obligations means all Indebtedness created, assumed or guaranteed, which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof;
Funded Obligations means all Debt created, assumed or guaranteed which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof, except Subordinated Debt; provided that, for the purposes of this definition, Preferred Securities shall only be excluded from “Debt” if Preferred Securities are excluded from “Funded Obligations” in the calculation of the “Issue Test” or the equivalent test provided for in the other material Debt instruments of the Borrower.
Funded Obligations means, at any time of determination and with respect to any Lender, the aggregate amount owed at such time (whether or not then due) to such Lender under such Credit Facility in respect of principal, interest (determined in accordance with the applicable provisions of any Credit Facility, but only to the extent accrued through the applicable determination date), Breakage Costs (calculated under a Credit Facility entitled to Breakage Costs, as if the Credit Facility were repaid on the date of the determination of Funded Obligations if the Breakage Costs are not otherwise already due thereunder as of such date) and Premium (calculated under a Credit Facility entitled to Premium, as if the Credit Facility were repaid on the date of the determination of Funded Obligations if the Premium is not otherwise already due thereunder as of such date).
Examples of Funded Obligations in a sentence
Upon the request of the Collateral Agent or such successor Collateral Agent, however, the Lenders will reimburse the Collateral Agent or such successor Collateral Agent, to the extent not paid by the Company, for any such expenses (but in no event any fees) in accordance with each Lender’s pro rata percentage of the Total Funded Obligations.
More Definitions of Funded Obligations
Funded Obligations means all Indebtedness incurred by an obligor or Indebtedness of others upon which such obligor customarily pays interest charges, other than:
Funded Obligations means any of the following indebtedness or liabilities of Sellers: (a) the aggregate principal amount of, and accrued interest and prepayment penalties, premiums or breakage fees with respect to, all indebtedness for borrowed money; (b) outstanding obligations with respect to capitalized leases; (c) all obligations in respect of outstanding letters of credit, acceptances or similar obligations and any reimbursement agreements with respect thereto; (d) all obligations under interest rate cap agreements, interest rate swap agreements, foreign currency exchange contracts or other hedging contracts (including breakage costs with respect thereto); (e) all obligations that are evidenced by a note, bond, debenture or similar instrument; (f) obligations in respect of any declared but unpaid dividends or distributions; (g) purchase money indebtedness,
Funded Obligations means all Indebtedness created, assumed or guaranteed which matures by its terms on, or is renewable at the option of the obligor to, a date more than 18 months after the date of the original creation, assumption or guarantee thereof, except the Non-Recourse Debt, Subordinated Debt and obligations in respect of Preferred Securities.
Funded Obligations means, with respect to any Lender under any Credit Facility, the aggregate amount payable (whether or not then due) to such Lender under such Credit Facility in respect of principal, interest, Make-Whole Amount and Breakage Costs (determined in accordance with the applicable provisions of such Credit Facility, but only to the extent accrued through the applicable determination date and in the case of the Credit Agreement treating as principal all LC Indebtedness and Contingent LC Indebtedness). Funded Obligations consisting of Contingent LC Indebtedness shall be reduced by the amount of any Proceeds held as collateral therefor pursuant to Section 3.2(c)(i) and any Proceeds allocable thereto that are held by the Escrow Agent pursuant to Section 3.2(c)(ii). 5
Funded Obligations means, as at any date, with respect to the Corporation or a subsidiary, all Indebtedness created, assumed or guaranteed, other than Subordinated Debt and all Indebtedness which matures by its terms
Funded Obligations means, with respect to any Note Holder under the Credit Facility, the aggregate amount payable (whether or not then due) to such Note Holder under the Credit Facility in respect of principal or interest (determined in accordance with the applicable provisions of the Credit Facility, but only to the extent accrued through the applicable determination date).
Funded Obligations means, with respect to any Secured Party, the aggregate amount payable (whether or not then due) to such Secured Party under the Credit Agreement, the Note Purchase Agreements and all notes or other evidences of indebtedness issued pursuant to any of the foregoing in respect of principal, interest, premium, Make-Whole Amount (as defined in the Note Purchase Agreements) or breakage costs (determined in accordance with the applicable provisions of the Credit Agreement, Note Purchase Agreements, such notes or such other evidences of indebtedness), but only to the extent accrued through the applicable determination date and in the case of the Credit Agreement treating as principal the sum of (i) the maximum amount that is, or at any time thereafter may become, available to be drawn under letters of credit then outstanding under the Credit Agreement, assuming compliance with all requirements for drawings referred to in such letters of credit, plus, without duplication of amounts outstanding as loans under the Credit Agreement, and (ii) the aggregate amount of all drawings under letters of credit honored by the issuer thereof but not theretofore reimbursed (such sum being the "LOC Obligations").