Note Insurer Obligations definition

Note Insurer Obligations means all amounts from time to time payable to the Note Insurer hereunder, under the Premium Letter or under the Insurance Agreement, whether constituting principal or interest, whether fixed or contingent, and howsoever arising (including, without limitation, all Reimbursement Obligations, and any and all such interest, premiums, fees and other obligations that accrue after the commencement of an Insolvency Proceeding relating to the Issuer or the Servicer, in each such case whether or not allowed as a claim in such Insolvency Proceeding).
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Note Insurer Obligations means all amounts from time to time payable to the Note Insurer hereunder, under the Premium Letter or under the Insurance Agreement, whether constituting principal or interest, whether fixed or contingent, and howsoever arising (including, without limitation, all Reimbursement Obligations, and any and all such interest, premiums, fees and other obligations that accrue after the commencement of an Insolvency Proceeding, in each such case whether or not allowed as a claim in such Insolvency Proceeding).
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Examples of Note Insurer Obligations in a sentence

  • The Issuer hereby covenants to comply in all material respects with all applicable laws, rules and regulations and orders of any governmental authority, the noncompliance with which would have a material adverse effect on the business, financial condition or results of operations of the Issuer or on the ability of the Issuer to repay the Notes or the Note Insurer Obligations, or perform any of its other obligations under this Agreement or the other Transaction Documents.

  • The Company shall not dissolve and terminate prior to the date that is one year and one day after the date on which all Receivables-Backed Notes and all Note Insurer Obligations (as such term is defined in the Indenture) have been satisfied in full.

  • The indemnification shall (x) be payable solely from the assets of the Company and no Member shall have any personal or corporate liability therefor and (y) be expressly subordinate to any obligations of the Company on or with respect to the Receivables-Backed Notes and/or the Note Insurer Obligations (as such term is defined in the Indenture) and the distributions to the Class B Member set forth in Section 3.2 hereof.

  • Notwithstanding the foregoing, so long as any Receivables-Backed Notes are outstanding and/or any Note Insurer Obligations (as such term is defined in the Indenture) remain outstanding, neither this Agreement nor the Certificate of Formation may be modified, altered, changed, repealed or amended without the prior consent of (i) the Class B Member and (ii) the Controlling Party (as such term is defined in the Indenture).

  • At any time after the date that is 60 days following the date on which all Receivables-Backed Notes have been redeemed in full and all Note Insurer Obligations (as such term is defined in the Indenture) have been satisfied in full, the Board of Managers may remove the Class B Member as a member of the Company by delivery of written notice thereof to the Class B Member.

  • At any time after the date that is 90 days following the date on which all Receivables-Backed Notes have been redeemed in full and all Note Insurer Obligations (as such term is defined in the Indenture) have been satisfied in full, the Class B Member may withdraw as a Member by delivery of written notice to the Company, effective immediately upon delivery of such written notice.

  • The Issuer hereby covenants to comply in all -------------------- material respects with all applicable laws, rules and regulations and orders of any governmental authority, the noncompliance with which would have a material adverse effect on the business, financial condition or results of operations of the Issuer or on the ability of the Issuer to repay the Notes or the Note Insurer Obligations, or perform any of its other obligations under this Agreement or the other Transaction Documents.

  • The Company shall not dissolve and terminate prior to the date that is one year and one day after the date on which all Receivables-Backed Notes have been redeemed in full and all Note Insurer Obligations (as such term is defined in the Indenture) have been satisfied in full.

  • The indemnification shall (x) be solely from the assets of the Company and no Member shall have any personal or corporate liability therefor and (y) be expressly subordinate to any obligations of the Company on or with respect to the Receivables-Backed Notes and/or the Note Insurer Obligations (as such term is defined in the Indenture) and the distributions to the Class B Member set forth in Section 3.2 hereof.

Related to Note Insurer Obligations

  • Issuer Obligations means all amounts and obligations which the Issuer may at any time owe to the Indenture Trustee, the Noteholders or the Issuer Owner Trustee under any of the Program Documents.

  • Note Insurer Default The existence and continuance of any of the following:

  • Note Insurer means MBIA Insurance Corporation, a New York stock insurance corporation, and its successors and assigns.

  • Certificate Insurer Default The existence and continuance of any of the following:

  • Seller Obligations means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Seller to any Purchaser Party, Seller Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, and shall include, without limitation, all obligations of the Seller in respect of the Seller Guaranty and the payment of all Capital, Yield, Fees and other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencement of any Insolvency Proceeding with respect to the Seller (in each case whether or not allowed as a claim in such proceeding).

  • 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.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

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

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Subordinated Documents means the Subordinated Note and any and all other documents, agreements, writings or instruments executed in connection therewith or pursuant thereto, in each case, as in effect on the date hereof and as amended, modified, restated or Refinanced in accordance with the terms hereof.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Senior Class Debt Representative has the meaning assigned to such term in Section 8.09.

  • NIMs Insurer Default As defined in Section 10.13.

  • Debt Obligations means any debt obligations issued or guaranteed by the Government of Japan.

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

  • Note Indenture means the Note Indenture dated as of May 17, 2001, between the Note Issuer and the Note Trustee, as the same may be amended and supplemented from time to time.

  • Senior Secured Note Indenture means the Indenture dated as of November 5, 2009, among the Issuers, the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time;

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture, the Senior Secured Notes Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any supplemental indenture, any security document relating to the Senior Secured Notes and/or the Senior Secured Notes Indenture and any other document that may be entered into pursuant to any of the foregoing.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;