Material Financial Obligation definition
Material Financial Obligation means a principal amount of Debt and/or payment obligations in respect of any Hedge Agreement of the Parent and/or one or more of its Subsidiaries arising in one or more related or unrelated transactions exceeding in the aggregate $25,000,000.
Material Financial Obligation means Indebtedness, Attributable Indebtedness, Contingent Obligations and obligations under Swap Contracts of the Borrower or any Subsidiary, and obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (or, in the case of a Swap Contract, having a Swap Termination Value), for all such Indebtedness, Attributable Indebtedness, Contingent Obligations, obligations under Swap Contracts and obligations in respect of Securitization Transactions, but without duplication, equal to $100,000,000 or more.
Material Financial Obligation has the meaning provided in Section 7.01(j).
Examples of Material Financial Obligation in a sentence
None of the Borrower or any of its Subsidiaries is in default in any manner under any provision of any Material Financial Obligation, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to have a Material Adverse Effect.
None of the Borrower or any of the Subsidiaries is in default in any manner under any provision of any Material Financial Obligation, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to have a Material Adverse Effect.
The Borrower is not in default of the payment of any Material Financial Obligation to which he is a party.
The Borrower is not in default of the payment of any Material Financial Obligation to which he or it, as applicable, is a party.
No Borrower nor any Subsidiary is in default under any material agreement by which it is bound, which default might lead to a Material Adverse Change, or is in default of any Material Financial Obligation.
More Definitions of Material Financial Obligation
Material Financial Obligation means Indebtedness, Attributable Indebtedness, Contingent Obligations and obligations under Swap Contracts of the Borrower or any Subsidiary, and obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (or in the case of a Swap Contract having a Swap Termination Value), for all such Indebtedness, Attributable Indebtedness, Contingent Obligations, obligations under Swap Contracts and obligations in respect of Securitization Transactions, but without duplication, equal to $50,000,000 or more.
Material Financial Obligation is defined in Section 7.5.
Material Financial Obligation means a principal or face amount of Debt and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $1,000,000.
Material Financial Obligation means with respect to any Security Party a principal or face amount of Debt (in the case of Derivatives Obligations, determined in respect of any counterparty on a net basis), and arising in one or more related or unrelated transactions, exceeding in the aggregate $20,000,000 (or its equivalent in any other currency);
Material Financial Obligation means Indebtedness of the Borrower or any Subsidiary, or obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (for all applicable Indebtedness and obligations in respect of Securitization Transactions, but without duplication) equal to $10,000,000 or more.
Material Financial Obligation means an obligation in respect of an amount or amounts exceeding $100,000 (per event) adjusted by movements in CPI in accordance with clause 7.
Material Financial Obligation is defined to mean Indebtedness (other than obligations in respect of the Notes) or exposure in respect of Derivatives Obligations of the Issuer and/or one or more of its Subsidiaries in an aggregate principal amount exceeding $25 million. As used in this definition, "Derivatives Obligation" of the Issuer or any of its Subsidiaries at any time means all obligations of such Person in respect of any rate swap transaction, basis swap, forward rate transaction, synthetic or "total return" swaps, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, derivatives transactions with respect to foreign currency exchange, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar swap or derivative transaction or other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions, and including without limitation any "total return swap" or sale and repurchase agreement with respect to any equity interest or debt obligation, or any other swap, derivative or other agreement or combination of agreements pursuant to which the Issuer or such Subsidiary is or may become obligated to make (i) any payment in connection with the purchase by any third party, from a Person other than the Issuer or one of its Subsidiaries, of any equity interest or debt obligation or (ii) any payment (other than on account of a permitted purchase by it of any equity interest or debt obligation) the amount of which is determined by reference to the price or value at any time of any equity interest or debt obligation. The "principal amount" of any Derivative Obligations for purposes of this definition shall be the maximum aggregate amount (after giving effect to any netting agreements) that the Issuer or such Subsidiary would be required to pay if the agreement or agreements governing such Derivatives Obligation were terminated at such time.