MTI Obligations definition

MTI Obligations means all amounts payable by the Company pursuant to that certain Settlement Agreement and Mutual Release, dated as of August 27, 2010, by and among MTI Technology Corporation, the Company, and certain other parties named therein.
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Examples of MTI Obligations in a sentence

  • The Purchaser Master Note will rank at all times pari passu in priority of payment under the Master Indenture with the Bond Master Note and with all other MTI Obligations at any time outstanding under the Master Indenture.

  • Any Interest Rate Agreement entered into by any Member of the Obligated Group on or after the Closing Date shall (i) be a Qualified Rate Agreement and (ii) not provide for termination payments or settlement amounts payable in connection therewith that are senior to or on parity with, in terms of priority of the payment, the MTI Obligations.

  • No Member is a party to any Interest Rate Agreement that provides for any termination payment or settlement amount payable in connection therewith that is senior to or on parity with, in terms of priority of the payment, the MTI Obligations.

  • The interest rate payable on the MTI Obligations is not subject to any limitation under the laws or constitution of the State of Illinois or Wisconsin which would cause the amounts payable to the Purchaser pursuant to this Agreement to be in violation of any such limitation.

  • Each Member also agrees to execute and deliver on demand such security agreements, financing statements, continuation statements and other documents necessary to perfect a security interest in such property as the Purchaser, the Master Trustee or the Bond Trustee may request in order to impose or continue the lien and security interest created pursuant to the Master Indenture securing the MTI Obligations or pursuant to the Bond Indenture.