L/C Supportable Obligations definition

L/C Supportable Obligations means and includes obligations of the Borrower or its Subsidiaries incurred in the ordinary course of business as are reasonably acceptable to the Administrative Agent and the respective Letter of Credit Issuer and otherwise permitted to exist pursuant to the terms of this Agreement.
L/C Supportable Obligations means (i) obligations of the Borrower or any of its Subsidiaries or Joint Ventures with respect to workers compensation, surety bonds and other similar statutory obligations and (ii) such other obligations of the Borrower or any of its Subsidiaries or Joint Ventures as are otherwise permitted to exist pursuant to (or otherwise not restricted by) the terms of this Agreement.
L/C Supportable Obligations payment obligations of the Borrower and its Subsidiaries as permitted pursuant to Section 4.16.

More Definitions of L/C Supportable Obligations

L/C Supportable Obligations means (i) obligations of the Borrower or any of its Subsidiaries with respect to workers compensation, surety bonds and other similar statutory obligations and (ii) such other obligations of the Borrower or any of its Subsidiaries as are reasonably acceptable to the respective Issuing Bank and otherwise permitted to exist pursuant to the terms of this Agreement (other than obligations in respect of (w) Prepetition Obligations outstanding under the Prepetition Credit Agreement, (x) the Senior Subordinated Notes, (y) any other Debt or other obligations that are subordinated in right of payment to the Obligations and (z) any Equity Interests).
L/C Supportable Obligations means obligations of the Corporation or any of its Subsidiaries incurred in the ordinary course of business and which do not violate the applicable provisions, if any, of this Agreement.
L/C Supportable Obligations means obligations of the Borrower or its Wholly-Owned Subsidiaries incurred in the ordinary course of business and otherwise permitted to exist pursuant to the terms of this Agreement.
L/C Supportable Obligations means obligations of the Parent Guarantors, the Borrowers or any of their Subsidiaries permitted hereunder (other than obligations in respect of (w) any Exit Notes (and any Permitted Refinancing Indebtedness in respect thereof), (x) any Exit Term Loans (and any Permitted Refinancing Indebtedness in respect thereof), (y) any Indebtedness or other obligations that are subordinated in right of payment to the Obligations and (z) any Equity Interests).
L/C Supportable Obligations means (i) obligations of the Borrower or any of the Restricted Subsidiaries with respect to workers compensation, surety bonds and other similar statutory obligations and (ii) such other obligations of Intermediate Holdings, the Borrower or any of the Restricted Subsidiaries as are not prohibited pursuant to the terms of this Agreement (other than obligations in respect of (x) the Senior Notes, (y) any other Indebtedness or other obligations that are subordinated in right of payment to the Obligations and (z) any Equity Interests).
L/C Supportable Obligations means such obligations of Borrower or any Subsidiary as are not inconsistent with the policies of the Letter of Credit Issuer determined reasonably and in good faith.
L/C Supportable Obligations means (i) obligations of any Group Member with respect to workers compensation, surety bonds and other similar statutory obligations and (ii) such other obligations of any Group Member as are otherwise permitted to exist pursuant to the terms of this Agreement (other than obligations in respect of (y) any Indebtedness or other obligations that are subordinated in right of payment to the Secured Obligations and (z) any Equity Interests).