Major Obligations definition

Major Obligations means an obligation with respect to any Group Company pursuant to any negative pledge undertaking or restriction on financial indebtedness, disposals, loans out or holding company activities under any Super Senior RCF.
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Major Obligations means an obligation under any Super Senior RCF Documents with respect to any Group Company relating to (i) negative pledge, (ii) financial indebtedness,
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Major Obligations means any Group Company under clause 15.6 (Financial Indebtedness), clause 15.7 (Negative Pledge), clause 15.8 (Financial Support), clause
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Examples of Major Obligations in a sentence

  • The liability for a violation of Major Obligations due to slight negligence is restricted to damages typically predictable.

  • In this context, Major Obligations shall be such obligations that the proper fulfilment of which constitutes a condition sine qua non and the fulfilment of which may be regularly relied on and is actually relied on by the Parties.

  • Disposition of Important Property, Burden of Major Obligations, or Any Other Event That Has Material Impact on the Status of Company Property Occurred at the Company After the Last Day of the Most Recent Business Year (Article 179-5, paragraph (1), item (iv), of the Companies Act and Article 33-7, item (iv), of the Regulation for Enforcement of the Companies Act).

  • The secondary responsibility fall on Department for Planning and Development, Department of Agriculture, Department Irrigation, Department of Law Parliamentary Affairs and Human Rights, and Department for Elementary and Secondary Education Major Obligations of the State of Pakistan: Pakistan is obligated to combat desertification through sustainable land management practices and poverty reduction strategies to help the communities who are dependent on land vulnerable to desertification.

  • Major Obligations of the State of Pakistan: UNFCCC sets forth some key commitments and principles for all its signed parties.

  • Major Obligations of the State of Pakistan: Pakistan is obligated to designate suitable wetlands for inclusion on the List of Wetlands of International Importance.

  • The Credit Facility will be used for liquidity and general corporate purposes and to refinance existing debt under Holdings' prior credit facility, which has been terminated.

  • Major Obligations of the State of Pakistan: Under the Convention, Pakistan has to co-operate with international community in sharing research and information to better understand and assess the effects of humans on ozone layer and effects on humans and environment of modified ozone layer.

  • In this context, Major Obligations shall be such obligations the proper fulfilment of which constitutes a condition sine qua non and the fulfilment of which may be regularly relied on and is actually relied on by the Parties.

  • In this context, Major Obligations shall be such obligations that the proper fulfillment of which constitutes a condition sine qua non and the fulfillment of which may be regularly relied on and is actually relied on by the Parties.


More Definitions of Major Obligations

Major Obligations means any Group Company under clause
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Major Obligations means an obligation under any Super Senior Facilities Documents with respect to any Group Company relating to (i) negative pledge, (ii) financial indebtedness, (iii) disposal of assets, (iv) loans out and (v) dividends and distributions.
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Major Obligations means an obligation with respect to any Group Company under Clause 13.10 (Negative Pledge), Clause 13.6 (Financial Indebtedness), Clause 13.7 (Disposal of Assets) and Clause 13.12 (Loans out) of the Terms and Conditions following the undertaking set out in Clause 13.1 (Bond Covenants) of the Super Senior RCF Agreement.
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Major Obligations means an obligation with respect to any Obligor under clause [19.4] (Sanctions), clause [19.6] (Negative pledge), clause [19.9] (Disposals), clause [19.10] (Financial Indebtedness), clause [19.11] (Loans or credit), clause [19.12] (Distributions), clause [19.13] (Holding Company), clause [19.18] (Alignment with the Bond) and clause [19.19] (Use of proceeds) of the Original Super Senior RCF (or any equivalent clauses in any Super Senior RCF) or the Information Undertakings clause under any Super Senior RCF.
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Major Obligations means an obligation with respect to any negative pledge undertaking, any restriction on Financial Indebtedness or any restriction on disposals.
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Major Obligations means any Group Company under clause15.6 (Financial Indebtedness), clause 15.7 (Negative Pledge), clause 15.8 (Financial Support), clause 15.11 (Disposals) of the Original Super Senior Term Facility (or any equivalent clauses in any replacement Super Senior Term Facility).
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Related to Major Obligations

  • Junior Obligations means (i) all classes of share capital and participation securities (if any) of the Issuer and (ii) all other obligations of the Issuer that rank, or are expressed to rank, junior to claims in respect of the Notes and/or any Parity Obligation.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Parity Obligations means (i) all obligations of the Issuer in respect of Tier 1 Instruments (excluding any such obligations that rank, or are expressed to rank, junior to claims in respect of the Notes), and (ii) any other securities or obligations (including, without limitation, any guarantee, credit support agreement or similar undertaking) of the Issuer that rank, or are expressed to rank, pari passu with claims in respect of the Notes and/or any Parity Obligation.

  • Secured Obligations shall have the meaning assigned in Section 3.1.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.