Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of Lender-Provided Interest Rate Hedge.
Interest Rate Hedge Liabilities means the liabilities owing to the provider of any Interest Rate Hedge. For purposes of this Agreement and all of the Other Documents, all Interest Rate Hedge Liabilities of any Loan Party or Subsidiary that is party to any Lender-Provided Interest Rate Hedge shall be “Obligations” hereunder and under the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person, and the Liens securing such Interest Rate Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.5 hereof.
Interest Rate Hedge Liabilities means the liabilities owing to the provider of any Interest Rate Hedge. For purposes of this Agreement and all of the Other Documents, all Interest Rate Hedge Liabilities of any Borrower or Subsidiary that is party to any Lender-Provided Interest Rate Hedge shall be “Obligations” hereunder and under the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person, and the Liens securing such Interest Rate Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.5 of the PNC Credit Agreement.
Examples of Interest Rate Hedge Liabilities in a sentence
Hedge Liabilities shall mean the Interest Rate Hedge Liabilities.
Credit Parties hereby (i) covenant and agree that no Credit Party shall enter into any Interest Rate Xxxxxx, and (ii) authorize Agent to terminate any Lender-Provided Interest Rate Xxxxxx to which any Credit Party became a party to prior to the date hereof to the extent that when marked-to-market such Lender-Provided Interest Rate Hedge results in Interest Rate Hedge Liabilities.
Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of Lender Provided Interest Rate Hedge.
Interest Rate Hedge Liabilities shall have the meaning ascribed to such term in the definition of Lender Provided Interest Rate Hedge.
Hedge Liabilities shall mean collectively, the Foreign Currency Hedge Liabilities and the Interest Rate Hedge Liabilities.
More Definitions of Interest Rate Hedge Liabilities
Interest Rate Hedge Liabilities means the indebtedness, obligations, and liabilities owing to the provider of any Interest Rate Hedge (including any applicable Post-Petition Obligations). For purposes of this Agreement and all of the Other Documents, all Interest Rate Hedge Liabilities of any Loan Party or Subsidiary that is party to any Lender-Provided Interest Rate Hedge shall be “Obligations” hereunder and under the Other Documents, except to the extent constituting Excluded Hedge Liabilities of such Person, and the Liens securing such Interest Rate Hedge Liabilities shall be pari passu with the Liens securing all other Obligations under this Agreement and the Other Documents, subject to the express provisions of Section 11.5 hereof. “Inventory” shall mean and include as to each Person all of such Person’s inventory (as defined in Article 9 of the Uniform Commercial Code) and all of such Person’s goods, merchandise and other personal property, wherever located, to be furnished under any consignment arrangement, contract of service or held for sale or lease, all raw materials, work in process, finished goods and materials and supplies of any kind, nature or description which are or might be used or consumed in such Person’s business or used in selling or furnishing such goods, merchandise and other personal property, and all Documents of such Person. “Inventory Advance Rate” shall have the meaning set forth in Section 2.1(a)(y) hereof. “Inventory Appraisal” shall mean, with respect to (x) any Borrowing Base Entity, (y) any Subsidiary or Person acquired (or to be acquired) by any Borrowing Base Entity that is going to become a Borrowing Base Entity under the provisions hereof, or (z) any assets of any Person or line or business or division of a Xxxxx acquired (or to be acquired) by any Borrowing Base Entity (or Person that is going to become a Borrowing Base Entity under the provisions hereof), an appraisal of the value of such Person’s Inventory, including the net orderly liquidation value thereof, performed by an independent appraiser of nationally-recognized reputable standing selected by Agent in its Permitted Discretion and providing a scope and detail acceptable to Agent in its Permitted Discretion. “Inventory NOLV Advance Rate” shall have the meaning set forth in Section 2.1(a)(y) hereof. “Investment” means, as to any Person, (a) any purchase or similar acquisition by such Person of (i) any Security issued by, (ii) a beneficial interest in any Security issued by, or (iii) any oth...
Interest Rate Hedge Liabilities means the liabilities owing to the provider of any Interest Rate Hedge.
Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of “Lender-Provided Interest Rate Protection Agreement”.
Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of Lender Provided Interest Rate Hedge. Interest Rate Option shall mean any LIBOR Rate Option or Base Rate Option. IRS shall mean the United States Internal Revenue Service. ISP98 shall have the meaning specified in Section 11.11.1 [Governing Law]. Issuing Lender shall mean (a) PNC, in its individual capacity as issuer of Letters of Credit hereunder, and (b) any other Lender that Borrowers, Administrative Agent and such other Lender may agree may from time to time issue Letters of Credit hereunder. Xxxxxxx Family shall mean at any time, collectively, the estate of Xxxxxx X. Xxxxxxx, the widow of Xxxxxx X. Xxxxxxx and the children and grandchildren of Xxxxxx X. Xxxxxxx, the executor or administrator of the estate or other legal representative of any such Person, all trusts for the benefit of the foregoing or their heirs or any one or more of them, and all partnerships, corporations or other entities directly or indirectly controlled by the foregoing or any one or more of them. Joint Venture shall mean a corporation, partnership, limited liability company or other entity in which both a Loan Party and any Person other than the Loan Parties (and their wholly-owned Subsidiaries) holds, directly or indirectly, an equity interest. Law shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Official Body, foreign or domestic.
Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of “Lender Provided Interest Rate Hedge”.
Interest Rate Hedge Liabilities means as is specified in the definition of Lender Provided Interest Rate Hedge. “Interest Rate Option” means any BSBY Rate Option or Base Rate Option.
Interest Rate Hedge Liabilities shall have the meaning assigned in the definition of Lender Provided Interest Rate Hedge. Interest Rate Option shall mean any LIBOR Rate Option or Base Rate Option. IRS shall mean the United States Internal Revenue Service. ISP98 shall have the meaning specified in Section 11.11.1 [Governing Law]. Issuing Lender shall mean PNC, in its individual capacity as issuer of Letters of Credit hereunder, and any other Lender that Borrower, Administrative Agent and such other Lender may agree may from time to time issue Letters of Credit hereunder. Joint Venture shall mean a corporation, partnership, limited liability company or other entity in which both a Loan Party and any Person other than the Loan Parties and their wholly-owned Subsidiaries holds, directly or indirectly, an equity interest. Law shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Official Body, foreign or domestic.