Incur Obligations definition
Incur Obligations means certification, aval, or intervention for honor of bills, endorsement of bills with recourse, guarantee of loans, or guarantee for sale, discount or re-discount of bills, underwriting debt instrument on a firm basis (Firm Underwrite) and currency and interest rate swaps.
Examples of Incur Obligations in a sentence
The foregoing notwithstanding, Restricted Subsidiaries may Incur Obligations not otherwise permitted by the preceding paragraph in an aggregate amount outstanding after giving effect to such Incurrence not to exceed at any one time the greater of $250 million or 15% of Consolidated Net Tangible Assets as of the last day of the preceding month.