Other Secured Obligations is defined in Section 3.2(a)(ii).
Other Secured Obligations means obligations of an insured to an insurer other than those under a large deductible policy, such as those under a reinsurance agreement or other agreement involving retrospective premium obligations the performance of which is secured by collateral that also secures an insured’s obligations under a large deductible policy.
Other Secured Obligations means the due and punctual payment and performance of all obligations of each Loan Party under each Other Secured Agreement designated as such in accordance with Section 8.11.
Examples of Other Secured Obligations in a sentence
Notwithstanding the foregoing, Other Secured Obligations owing to a Person who has ceased to be a Lender or its Affiliates shall not include any such Other Secured Obligations incurred on or after the date such Person has ceased to be a Lender for any reason.
Subject to Section 9.11, all amounts owing in respect of the Obligations and the Other Secured Obligations shall rank pari passu with each other.
Notwithstanding that any Person ceases to be a Lender for any reason, Other Secured Obligations shall not cease to rank pari passu with the Obligations (and secured by any security that may be held from time to time by or for the benefit of the Lenders) without the prior written consent of the applicable former Lender or Affiliate to whom the Other Secured Obligations are owed.
After the termination of this Agreement, decisions concerning the Guarantees (and any such security) shall be made by the holders of Other Secured Obligations as they may determine among themselves.
If the Obligations have been indefeasibly paid in full and the Commitments have been cancelled, the Lenders and Affiliates shall release their interest in the Guarantees (and any such security) on receiving Cash Collateral to secure the Other Secured Obligations, in an amount satisfactory to the Lenders and Affiliates to whom Other Secured Obligations are owed.
More Definitions of Other Secured Obligations
Other Secured Obligations means all obligations of the Obligors to the Other Secured Parties under or in connection with the Other Secured Agreements, including but not limited to all debts and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, at any time owing by the Obligors to the Other Secured Parties in any currency or remaining unpaid by the Obligors to the Other Secured Parties in any currency under or in connection with the Other Secured Agreements, whether arising from dealings between the Other Secured Parties and the Obligors or from any other dealings or proceedings by which the Other Secured Parties may be or become in any manner whatever creditors of the Obligors under or in connection with the Other Secured Agreements, and wherever incurred, and whether incurred by an Obligor alone or with another or others and whether as principal or surety, and all interest, fees, legal and other costs, charges and expenses; provided, however, that “Other Secured Obligations” shall not include “Obligations”. In this definition, “the Other Secured Parties” shall be interpreted as “the Other Secured Parties, or any of them,” and “Obligors” shall be interpreted as “Obligors, and each of them”.
Other Secured Obligations means the present and future debts, liabilities and obligations of the Borrowers or any other Obligor to any Lender under or in connection with, (a) the Credit Facilities Hedge and other Hedge Contracts (including all Hedging Liabilities in connection therewith), (b) cash management and consolidation, money management, foreign- exchange, credit card and other facilities provided by a Lender to the Borrowers or any other Obligor, and (c) other transactions not made under this Agreement if it is agreed by the Borrowers and the Administrative Agent acting on the instructions of the Required Lenders that such facilities, debts, liabilities and obligations shall be secured; provided, for greater certainty, that upon any financial institution ceasing to be a “Lender”, the Other Secured Obligations to such financial institution and its Affiliates, as the case may be, shall continue to be secured by the Security Documents or the Secured Documents (Lithia Canada Dealer), as the case may be, so long as such financial institution was a Lender at the time any agreement under which any such Other Secured Obligations arise was entered into. (197) (181) “Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. (198) (182) “Out of Balance Condition” means, with respect to (a) the Wholesale Flooring A Facility, the principal amount has not been repaid in accordance with SectionsSection 2.2(5)(a)(ii) or Section 2.2(5)(a)(iii)(A), (B) or (E), (b) the Wholesale Flooring B Facility, the principal amount has not been repaid in accordance with Section 2.2(5)(b)(ii) or Section 2.2(5)(cb)(iiii)(A), (iiB) or (vE), (bc) the Wholesale Leasing Facility, the principal amount has not been repaid in accordance with Section 2.4(5) (but not including the repayment required to be made on the Final Maturity Date), and (cd) with respect to any of the Credit Facilities, the principal amount thereunder has not been repaid in accordance with Section 5.4.
Other Secured Obligations means, collectively, the Secured Bank Products Obligations and the Secured Hedging Obligations.
Other Secured Obligations means obligations in respect of any line of credit, overdraft facility, guarantee, bonding, documentary or stand-by letter of credit facility, a credit order, a derivatives facility, a foreign exchange facility, supplier financing facility or any other facility or accommodation in conjunction with the business of the Group Members and which satisfies the following requirements: (i) the arrangement in respect of such Other Secured Obligation is provided to a Group Member by an Approved Counterparty, (ii) such Other Secured Obligations are designated by the Borrower in a written certificate to the Administrative Agent as an “Other Secured Obligation”, which written certificate shall also be signed by the applicable Approved Counterparty confirming its acceptance of the terms of Article VIII hereof and (iii) the outstanding amounts in respect of such Other Secured Obligations and any Lien securing such Other Secured Obligations on a pari passu basis with all other “Secured Obligations” hereunder are otherwise permitted (or not restricted) by the terms of this Agreement (excluding application of Sections 6.01(a)(i) and 6.02(a)) (and for the avoidance of doubt, the incurrence and securing of such Other Secured Obligations shall be deemed a utilization of any applicable Indebtedness or Liens capacity hereunder); provided that Other Secured Obligations shall only be designated as such hereunder or as ABL Other Secured Obligations under the ABL Loan Documents (but not both), as applicable (provided that Other Secured Obligations may be designated, in non-duplicating part, either in nominal portions or by reference to formula, as partially Other Secured Obligations and partially as ABL Other Secured Obligations).
Other Secured Obligations means obligations of an insured to an insurer
Other Secured Obligations means the Secured Obligations other than the Bridge Term Loan Secured Obligations.
Other Secured Obligations means any obligations, such as reinsurance or retrospective premium obligations, that are payable by the insured to the insurer and which are secured by collateral that also secures a loss reimbursement obligation.