Litigation Obligations definition

Litigation Obligations means any matters or Liabilities related to a breach of Section 3.10 or any matters disclosed in Schedule 3.10;
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Litigation Obligations means Liabilities arising from the matters set forth on Schedule 2.4(n).
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Litigation Obligations means, collectively, the Litigation L/C Obligations, the outstanding principal balance of, and accrued interest on, Term Loan C, all Fees and expenses with respect to the Litigation L/C, and all other Obligations with respect to the Litigation L/C, the Litigation L/C Obligations or Term Loan C.
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Examples of Litigation Obligations in a sentence

  • Subject to the provisions of this Guaranty, each Guarantor hereby severally (based upon their respective Ratable Shares) and not jointly, irrevocably and unconditionally guarantees to Agent and Lenders, and their respective successors, endorsees, transferees and assigns, the prompt payment (whether at stated maturity, by acceleration or otherwise) of the Litigation Obligations of Borrower (hereinafter the "Guaranteed Obligations").

  • The Litigation Obligations shall constitute a single, but separate, general obligation of Borrower secured, until the Termination Date, by all of the Collateral pursuant to the Litigation Collateral Documents.

  • Except with respect to the Litigation Obligations, all Loans to Borrower and all of the other Obligations of Borrower arising under this Agreement and the other Loan Documents (other than the Litigation Collateral Documents) shall constitute one general obligation of Borrower secured, until the Termination Date, by all of the Collateral pursuant to the Collateral Documents other than the Litigation Collateral Documents.

  • The minimum threshold for payout is reached at [***] and the maximum payout is achieved at [***].

  • Notwithstanding anything set forth in this Agreement to the contrary, Stockholder’s obligation to pay any and all Pending Litigation Obligations shall survive the Closing for an indefinite period.

  • The Credit Parties, Agent and Term Lenders hereby agree that, notwithstanding anything in any of the Loan Documents to the contrary, all Liens of Agent and Term Lenders now or hereafter securing the Litigation Obligations or any portion thereof shall be subordinate in priority to all Liens of Agent and Lenders now or hereafter securing the Obligations which do not constitute Litigation Obligations.

  • Borrower may voluntarily prepay, and shall mandatorily prepay and provide cash collateral for, the Litigation Obligations in accordance with the terms and conditions of the Credit Agreement.

  • Guarantor hereby unconditionally guarantees to Agent and Lenders, and their respective successors, endorsees, transferees and assigns, the prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of the Obligations of Borrower other than Litigation Obligations (hereinafter the "Guaranteed Obligations").

  • Notwithstanding anything contained herein to the contrary, in the event that any payment, or any part thereof, is rescinded, avoided, reduced, restored or returned, the Litigation Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, avoided, reduced, restored or returned.

  • Upon the occurrence and during the continuation of any Event of Default or Default, Agent and Term Lenders shall have, with respect to this Agreement, the Litigation Obligations and the Collateral securing the Litigation Obligations, all of the rights and remedies as are provided in the Credit Agreement and the Litigation Collateral Documents following such occurrences.


More Definitions of Litigation Obligations

Litigation Obligations means any matters or Liabilities related to a breach of Section 4.14(a) or any matters disclosed in Section 4.14(a) of the Disclosure Schedule.
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Litigation Obligations means any matter or Liabilities related to any matter disclosed on Schedule 4.14.
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Related to Litigation Obligations

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Retained Obligations shall have the meaning set forth in Section 2.6.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Conversion Obligation shall have the meaning specified in Section 14.01(a).

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Excluded Hedge Liability or Liabilities means, with respect to each Loan Party, each of its Swap Obligations if, and only to the extent that, all or any portion of this Agreement or any other Loan Document that relates to such Swap Obligation is or becomes illegal under the CEA, or any rule, regulation or order of the CFTC, solely by virtue of such Loan Party’s failure to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap. Notwithstanding anything to the contrary contained in the foregoing or in any other provision of this Agreement or any other Loan Document, the foregoing is subject to the following provisos: (a) if a Swap Obligation arises under a master agreement governing more than one Swap, this definition shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guaranty or security interest is or becomes illegal under the CEA, or any rule, regulations or order of the CFTC, solely as a result of the failure by such Loan Party for any reason to qualify as an Eligible Contract Participant on the Eligibility Date for such Swap, (b) if a guarantee of a Swap Obligation would cause such obligation to be an Excluded Hedge Liability but the grant of a security interest would not cause such obligation to be an Excluded Hedge Liability, such Swap Obligation shall constitute an Excluded Hedge Liability for purposes of the guaranty but not for purposes of the grant of the security interest, and (c) if there is more than one Loan Party executing this Agreement or the other Loan Documents and a Swap Obligation would be an Excluded Hedge Liability with respect to one or more of such Persons, but not all of them, the definition of Excluded Hedge Liability or Liabilities with respect to each such Person shall only be deemed applicable to (i) the particular Swap Obligations that constitute Excluded Hedge Liabilities with respect to such Person, and (ii) the particular Person with respect to which such Swap Obligations constitute Excluded Hedge Liabilities.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • zero-coupon obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual of interest.