Examples of International Obligations in a sentence
All payments and prepayments of the International Obligations made in accordance with the provisions of this Agreement or of the Note, including, without limitation, fees, principal or interest, shall be made to the Bank no later than 2:00 p.m. (Houston time) on the date when due, in immediately available funds.
The foregoing sentence shall not apply to: (i) Liens securing obligations under any Secured Hedging Agreement and cash collateralization of any U.S. Revolver Obligations consisting of letters of credit or (ii) Liens created to secure solely the International Obligations on Property of the U.S. Borrower and its Subsidiaries that is not Common Collateral.
Export-related receivables and inventory no longer Eligible-which have previously been included in an International Borrowing Base Certificate and which remain as Collateral for the International Obligations.
The foregoing sentence shall not apply to: (i) Liens securing obligations under any Secured Hedging Agreement and cash collateralization of any U.S. Revolver Obligations or International Obligations consisting of letters of credit or (ii) Liens created to secure solely the International Obligations on Property of the U.S. Borrower and its Subsidiaries that is not Common Collateral.
If any U.S. Loan Party receives any payments on account of any Receivable from a Client in Libya before the Libyan Receivable Transfer Date, such U.S. Loan Party shall promptly remit such payments to the International Collateral Agent for application to the International Obligations.