Novated Obligations definition

Novated Obligations means all (x) then-unperformed obligations of Tenant to pay Rent due and owing to Landlord under the Fluidstack Lease that arose before the date of the Novation Agreement; and (y) obligations of Tenant under the Fluidstack Lease that arise on or after the date of the Novation Agreement, and specifically excluding any obligations that are not related to payment arose before the date of the Novation Agreement.

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Novated Obligations means all the obligations expressed to be imposed on the Existing Owner under or in connection with the Charterparty; and

Novated Obligations means all of the Transferor’s obligations (but excluding the Retained Obligations) under or in respect of the Credit Documentation corresponding to the Traded Portion including, without limitation, any commitment under the Credit Documentation to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Traded Portion.”

Examples of Novated Obligations in a sentence

• The Prospective Subscriber, by its execution of this Deed of Accession, hereby authorises the Issuer to execute the Deed of Novation on its behalf when required by and in accordance with clause 6 of the Bond Subscription Deed and agrees that upon the execution of the transactions described in clause 6 of the Bond Subscription Deed the Novated Obligations shall be deemed to have been cancelled and to be thereafter of no effect.

• If the Effective Time does not occur prior to Delivery the transfer and assumption of Novated Rights and Novated Obligations and all other matters or consequences expressed to be effective as at or from the Effective Time shall not take effect unless the parties to this Agreement so agree.

• The New Purchaser shall not be entitled to assign or transfer its rights and obligations under this Agreement or the Novated Obligations (except pursuant to Clause 8) without the prior written consent of the Original Purchaser.

More Definitions of Novated Obligations

Novated Obligations means for the purposes of Clause 2.1, all obligations of the Original Owner as “Owner” under the Time Charter;

Novated Obligations means the Novated Commodity Contracts and the Novated

Novated Obligations means all the liabilities and obligations of the “Borrower” under the Financial Agreement; and

Novated Obligations means all the obligations, duties and liabilities of the Original Owner under the Charterparty.

Novated Obligations means all the obligations and liabilities of "Owner" expressed to be imposed under, or otherwise arising under, out of or in connection with, the Old Contract, as such obligations and liabilities are to be novated subject to and in accordance with the terms and conditions of this Agreement (which obligations and liabilities shall, for the avoidance of doubt, include obligations and liabilities arising under the Old Contract on or before the date hereof which have not been performed or discharged on the date hereof including obligations and liabilities in respect of amounts invoiced by the Builder but not paid);

Novated Obligations means all of the Transferor'’s obligations (but excluding the Retained Obligations) under or in respect of the Credit Documentation corresponding to the Traded Portion including, without limitation, any commitment under the Credit Documentation to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Traded Portion.;

Novated Obligations means all of the Credit Providers obligations under or in respect of the Funding Agreements corresponding to the Novated Portion including, without limitation, any commitment under the Funding Agreements to make or issue a Credit and any obligations under any outstanding Credit, in each case corresponding to the Novated Portion;