Loan Liabilities definition

Loan Liabilities as defined in the Intercreditor Agreement has the same meaning in this Agreement.
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Loan Liabilities means all direct or indirect debts, liabilities and other obligations of the Borrower or any Guarantor of any and every type and description at any time arising under or in connection with this Agreement or any other Loan Document to the Administrative Agent, the Security Trustee, the Arranger, to any Lender or to any Indemnified Party or their respective successors, transferees or assigns, whether or not the right of such Person to payment in respect of such obligations and liabilities is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured and whether or not such claim is discharged, stayed or otherwise affected by any bankruptcy case or insolvency or liquidation proceeding, and shall include all liabilities for principal of and interest on the Loans and all other liabilities of the Borrower or any Guarantor under the Loan Documents for any fees, costs, taxes, expenses, indemnification and other amounts payable thereunder.
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Loan Liabilities means all direct or indirect debts, liabilities and other obligations of the Borrower or any Guarantor of any and every type and description at any time arising under or in connection with this Agreement, or any other Loan Document to the Administrative Agent, Arranger, to any Lender or to any Indemnified Party or their respective successors, transferees or assigns, whether or not the right of such Person to payment in respect of such obligations and liabilities is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured and whether or not such claim is discharged, stayed or otherwise affected by any bankruptcy case or insolvency or liquidation proceeding, and shall include all liabilities for principal of and interest on the Loans and all other liabilities of the Borrower or any Guarantor under the Loan Documents for any fees, costs, taxes, expenses, indemnification and other amounts payable thereunder.
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Examples of Loan Liabilities in a sentence

  • Borrower acknowledges that it desires to have this Agreement and the Financing Agreements to which the Borrower is a party cross-collateralized and cross-defaulted and have the Collateral serve as collateral for all of the Liabilities and Affiliate Revolving Loan Liabilities.

  • At such time as the applicable real estate leases with Omega are terminated or expire in accordance with their terms, and the pledge to Omega is released, Borrower shall cause the equity in each of the OHI Entities to be pledged to and in favor of the Administrative Agent (for the benefit of the Lenders and itself) as additional collateral for the Liabilities and the Affiliate Term Loan Liabilities (pursuant to a Pledge Agreement in form and substance reasonably satisfactory to the Administrative Agent).

  • All Liabilities of the Borrowers under this Agreement and each of the Financing Agreements, and all of the Affiliate Term Loan Liabilities under the Term Loan Agreement and each of the Affiliate Term Loan Financing Agreements, are cross-collateralized and cross-defaulted.

  • All Liabilities of the Borrowers under this Agreement and each of the Financing Agreements, and all of the Affiliate Revolving Loan Liabilities under the Revolving Loan Agreement and each of the Affiliate Revolving Loan Financing Agreements, are cross-collateralized and cross-defaulted.

  • Any amounts funded by Senior Lender under the Senior Loan Documents as a result of (X) the making of any Protective Advances or other advances by Senior Lender or (Y) interest accruals or accretions and any compounding thereof (including default interest), pursuant to the existing terms of the Senior Loan Documents or any Senior Loan Modification made in accordance with this Agreement, shall, for the avoidance of doubt and without any implications to the contrary, constitute Senior Loan Liabilities.

  • Provided, however, that any such termination shall be accompanied, (i) in the case of a termination in whole, by payment of the Line of Credit A Loan Liabilities in full and the return or cash coverage of any Letter then outstanding, or (ii) in the case of a partial termination, payment of the Line of Credit A Loan Liabilities to the extent necessary to cause the Available Amount A to be not less than zero.

  • Westar shall use commercially reasonable efforts to obtain the release of Western (and each member of the Western Group that may be obligated) from all liability (whether by way of guaranty, indemnity or otherwise) (collectively, the "Western Officer Loan Liabilities") in respect of loans to officers or directors in connection with their purchase of Westar Common Stock, if any, prior to the Split-Off Date.

  • Each Borrower has determined that it is in its best interest to procure the Loans with the credit support of the other Borrowers as contemplated by this Agreement and the other Financing Agreements as well as permit the cross-collateralization and cross-default with the Affiliate Term Loan Liabilities, Term Loan Agreement and Affiliate Term Loan Financing Agreements as contemplated hereunder.

  • Notwithstanding any termination, until all of the Liabilities hereunder and the Revolving Loan Liabilities shall have been indefeasibly paid and satisfied, the Lender shall be entitled to retain its Liens in and to all existing and future Collateral and the Mortgages on the Real Estate.

  • Each Borrower has determined that it is in its best interest to procure the Loan with the credit support of the other Borrowers as contemplated by this Agreement and the other Financing Agreements as well as permit the cross-collateralization and cross-default with the Affiliate Term Loan Liabilities, Term Loan Agreement and Affiliate Term Loan Financing Agreements as contemplated hereunder.


More Definitions of Loan Liabilities

Loan Liabilities means all present and future liabilities and obligations (actual or contingent), of the Borrower to the Lender arising in connection with the Loan and under the terms of this Agreement;
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Loan Liabilities means, collectively, the Senior Loan Liabilities and the Junior Loan Liabilities, unless the context otherwise requires, in which case it shall mean either the Senior Loan Liabilities or the Junior Loan Liabilities, individually.
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Loan Liabilities means all of the Liabilities other than the LC Obligations.
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Loan Liabilities means all Liabilities relating in any manner to, or arising out of, any loan originated or owned (currently or formerly) by Seller or any of its Affiliates (including the Loans), to the extent arising out of or relating to any period or event occurring prior to Closing unless reflected as a balance sheet liability on the Final Closing Statement and then only to the extent of such balance sheet liability.
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Loan Liabilities means all indebtedness and obligations (including all accrued and unpaid interest, principal, penalties, other fees, expense reimbursements and indemnities) owed to Lender by Borrower pursuant to the Loan Documents, but expressly excluding the Reserved Claims.
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Loan Liabilities means all indebtedness and obligations (including all accrued and unpaid interest, principal, penalties, other fees, expense reimbursements and indemnities) owed to Lender by Borrower pursuant to the Loan Documents, but expressly excluding the Reserved Claims. “Loan Losses” mean the sum of (a) any loan loss which occurs beginning on October 1, 2008 through and including September 30, 2011 and which is recognized in accordance with the Accounting Standards, (b) any losses on real property that is included in the Other Real Estate Owned (OREO) account (the “Oreo Account”) of Vineyard Bank, National Association as of October 1, 2008, and (c) any losses on real property that is added to the OREO Account following foreclosure by Vineyard Bank, National Association with respect to a Designated Loan (as defined below), whether or not Vineyard Bank, National Association recognizes any loss on the loan at the time of foreclosure. Loan Losses shall be recognized only on those loans or loan assets (including OREO assets) which were reflected in the Bank Financial Statements (as defined in Section 4.7 of the Purchase Agreement) as of September 30, 2008, and they will not include losses recognized on any loans made by the Bank subsequent to September 30, 2008 (the “Designated Loans”). Loan Losses shall be netted against any recoveries with respect to the Designated Loans actually collected by the Bank on or prior to November 29, 2011. “Maximum Amount” shall mean the aggregate amount of all indebtedness and obligations (unpaid principal, accrued interest and otherwise) that would be due to Lender under the Loan Documents in the absence of this letter agreement until Lender has been paid the full, undiscounted amount thereof, including interest on all unpaid balances at the interest rate set forth in the Seventh Modification. “Purchase Agreement” means that certain Stock Purchase Agreement dated November 12, 2008 between Vineyard Bancshares, as buyer, and Borrower, as seller. “Reserved Claims” shall mean all of Lender’s rights and claims against Borrower under this letter agreement, which include (x) Lender’s right to receive the Initial Payoff (until it has been paid to Lender in accordance herewith) and (y) Lender’s rights and claims under the Surviving Indemnities. “Surviving Indemnities” shall mean the terms and provisions of Section 7.12, “Indemnification”, of the Loan Agreement and Section 10, “Release and Waiver”, of the Fifth Modification. “Total Payoff” shall me...
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Related to Loan Liabilities

  • Other Liabilities means any and all liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, ERISA (or other benefit plan related) excise taxes or penalties, and amounts paid in settlement and all interest, taxes, assessments and other charges paid or payable in connection with or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, or amounts paid in settlement).

  • Hedge Liabilities means collectively, the Foreign Currency Hedge Liabilities and the Interest Rate Hedge Liabilities.

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).