HWP Obligations definition
HWP Obligations means (a) the guarantee of that certain $33.0 million term loan, dated November 5, 2007 and the related letter of credit provided in connection therewith and any payment pursuant to such guarantee, and any extension, modification, renewal, replacement, refund or refinancing of such Indebtedness (provided such extended, modified, renewed, replaced, refunded or refinanced Indebtedness does not increase the amount of such obligation in excess of the amount of the obligation so exchanged, extended, refinanced, renewed, replaced, substituted or refunded and any premiums payable and reasonable fees, expenses, commissions and costs in connection therewith) and (b) additional Investments made by the Company or any Restricted Subsidiary in connection with any expansion or development of the Great Escape’s lodge or any hotel or timeshare arrangements located on or adjacent to it; provided that the aggregate Investment under clauses (a) and (b) of this definition shall not exceed at any time $50.0 million in the aggregate, net of any amounts paid, repaid, returned, distributed or otherwise received in cash in respect of (and not in excess of the amount of) any such Investment.
HWP Obligations means that certain $33,000,000 term loan incurred by HWP, dated November 5, 2007, the related guarantees thereof and the letter of credit provided in connection therewith and any payment pursuant to such guarantees, and any extension, modification, renewal, replacement, refund or refinancing of such Indebtedness (provided such extended, modified, renewed, replaced, refunded or refinanced Indebtedness does not increase the amount of such obligation in excess of the amount of the obligation so exchanged, extended, refinanced, renewed, replaced, substituted or refunded and any premiums payable and Refinancing Expenses).