Obligations of the Borrower definition
Obligations of the Borrower means all obligations of every nature of the Borrower, including obligations from time to time owed to Agents (including former Agents), Lenders or any of them and Lender Counterparties, under any Credit Document, Secured Cash Management Agreement or Secured Hedge Agreement, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to the Borrower, would have accrued on any Obligation, whether or not a claim is allowed against the Borrower for such interest in the related bankruptcy proceeding), reimbursement of amounts drawn under Letters of Credit, payments for early termination of Secured Hedge Agreements, fees, expenses, indemnification or otherwise.
Obligations of the Borrower means all obligations of every nature of the Borrower, including obligations from time to time owed to the Administrative Agent (including former Administrative Agents), Lenders, or any of them, under any Credit Document, whether for principal, interest (including interest and fees which, but for the filing of a petition in bankruptcy with respect to the Borrower, would have accrued on any Obligation, whether or not a claim is allowed against the Borrower for such interest or fees in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise.
Obligations of the Borrower of the Facility Agreement shall be supplemented with paragraph 4) reading as follows:
Examples of Obligations of the Borrower in a sentence
THE COVENANTS AND INDEMNITIES PROVIDED IN THIS SECTION SHALL SURVIVE THE REPAYMENT OR ANY OTHER SATISFACTION OF THE OBLIGATIONS OF THE BORROWER UNDER THE CREDIT DOCUMENTS.
THE OBLIGATIONS OF THE BORROWER UNDER THIS SECTION 9.6 SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT.
THE OBLIGATIONS OF THE BORROWER UNDER THIS SECTION 13.16 SHALL SURVIVE ANY TERMINATION OF THIS AGREEMENT AND THE REPAYMENT OF THE NOTES.
THE OBLIGATIONS OF THE BORROWER UNDER THIS SECTION 12.16 SHALL SURVIVE ANY TERMINATION OF THIS AGREEMENT AND THE REPAYMENT OF THE NOTES.
THE BORROWER AGREES THAT NO ACTIONS TAKEN BY ANY PERSON EXCEPT THE LENDER SHALL IMPAIR OR OTHERWISE AFFECT ITS OBLIGATIONS HEREUNDER UNTIL ALL OBLIGATIONS OF THE BORROWER HEREUNDER ARE SATISFIED IN FULL.
More Definitions of Obligations of the Borrower
Obligations of the Borrower of the Agreement shall be amended to read as follows:
Obligations of the Borrower of the Facility Agreement shall be restated as follows:
Obligations of the Borrower of the Facility Agreement shall be amended by adding paragraphs 27), 28), 29) as follows:
Obligations of the Borrower of the Agreement shall be amended to read as follows: “17) ensure, starting from the fourth (4th) calendar quarter of 2016, that based on results of the past calendar quarter the actual amount of Revenue from sales received from third parties and companies of Mechel Group to current accounts and foreign currency current accounts of Mechel Group companies (except for Kuzbass Power Sales Company OJSC) opened with the Bank in the total amount of Revenue from sales received from third parties in all banks based on the actual data for the quarter preceding the past quarter corresponds to the portion of the total Mechel Group companies loan debts to VTB Group in the total Mechel Group companies outstanding loan indebtedness to all credit institutions in the past calendar quarter. For purpose of determining the amount of the Revenue from sales, the amount of indebtedness of Mechel Group companies on the principal in all banks as of the first day of the first month of the past quarter shall be understood as the total loan indebtedness of Mechel Group companies to banks. The calculation of the Revenue from sales shall not include the following payments (debit turnover) to repay debts on loans of Mechel Group companies; Conversion of revenue on the accounts and debts in different currencies shall be made at the exchange rate of the Bank of Russia on the last day of the quarter, the revenue for which is calculated.”
Obligations of the Borrower of the Agreement shall be amended to read as follows: “18) not later than within ninety (90) calendar days from the ending date of the quarter, provide/ensure provision of a report for such reporting quarter on performance and financial results of VTB Bank (public joint-stock company)
Obligations of the Borrower or similar words of import are used solely for administrative convenience and are not intended to create liability that is joint and several.
Obligations of the Borrower of the Agreement shall be amended to read as follows: “24) ensure, within a period of not longer than seventy (70) calendar days from the date of signing Addendum No. 8, submission for consideration to the general meeting of shareholders of Surety 2 of an agenda item concerning conclusion by Surety 2, in order to secure obligations of each of the borrowers under the Agreement and with respect to Credits 2-4, of supplemental agreements to the effective suretyship agreements in accordance with the form provided in Appendix No. 9 to Credit 5, that specify the scope of liability of Surety 2 to the whole amount of liabilities of the corresponding borrower and, if the general meeting of shareholders of Surety 2 approves the said transactions, ensure, within ten (10) Business Days after adopting the resolution, that the above mentioned supplemental agreements to the suretyship agreements are concluded;”