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

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

Examples of Novated Obligations in a sentence

Similarly, care should be taken with the placing of bollards, street furniture or road signs to ensure that they do not obstruct access for cleansing operatives; this is often a particular problem for those authorities which have invested in mechanised sweeping operations.
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.
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.

More Definitions of Novated Obligations

Novated Obligations means all the obligations expressed to be imposed on the Existing Charterer 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.;

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

Novated Obligations means the Novated Commodity Contracts and the Novated

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;

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

Novated Obligations means all the obligations and liabilities expressed to be imposed on the OWNER under the Construction Contract and which obligations and liabilities shall, for the avoidance of doubt, include (without limitation) obligations and liabilities arising under or in respect of the Construction Contract at or before the Effective Time which have not been performed or satisfied at or before the Effective Time; and for the purpose of establishing or determining the obligations or liabilities of the parties under this Agreement and/or the Construction Contract, the acts or omissions, or any series of acts or omissions, or course of conduct, of the Builders or the Original Purchaser (including, without limitation, those acts or omissions or series of acts or omissions, or course of conduct creating or giving rise to a right of rescission or restitution, misrepresentation, negligence or breach of warranty or duty) which occurred or did not occur at or before the Effective Time whether in accordance with, or in breach of, the Construction Contract, or otherwise howsoever, may be relied upon by parties to this Agreement.