Outstanding obligation definition
Outstanding obligation means any obligation with respect to which a principal or interest payment, sinking fund installment or other payment or deposit is, or will be, due in the future and for which moneys or defeasance securities have not been deposited in escrow.
Outstanding obligation means the obligation which has neither been closed out nor been settled.
Outstanding obligation has the meaning set forth in Clause 2.3; “Partnership” means KoZhaN, a limited-liability partnership, established and existing under the laws of Kazakhstan (Registered Certificate No. 39658-1910-TOO (IU), issued by the Almaty Department of Justice on April 28, 2001), having its legal address at office 85, ▇ ▇▇▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇; “Partnership Option” means the right of the Vendor to acquire a 90% interest in the Partnership pursuant to a Memorandum of Understanding attached hereto as Schedule “B”; “Party” means a Person which is bound by this Agreement; “Person” means any individual, partnership, corporation, association, business, trust, government or political subdivision thereof, governmental agenct or other entity; “Purchaser” means Big Sky Energy Kazakhstan Ltd., an Alberta registered corporation having an office in the City of Calgary, in the Province of Alberta; “Regulations” means all statutes, laws, codes, treaties, ordinances, decrees, rules, orders and regulations in effect from time to time and made by governments or Governmental Entities having jurisdiction over the Vendor, the Purchaser, or the Partnership; “Tax Act” means the Income Tax Act (Canada), as amended from time to time; and “Vendor” means IbrizOil Inc., and Alberta registered corporation having an office in the City of Calgary, in the Province of Alberta.
Examples of Outstanding obligation in a sentence
If any amount payable is not paid within 1 (One) business day after the Outstanding obligation is due for payment, a default interest will start to accrue at 5% flat, calculated on a daily and compounding basis on the outstanding obligation until the final repayment of the full sum due.
More Definitions of Outstanding obligation
Outstanding obligation means any delinquent payment due for a utility's fee assessment in Oklahoma or unpaid OCC fines.
Outstanding obligation means any obligation with respect to
Outstanding obligation is defined in this Agreement in Section 2.7(a).
Outstanding obligation means any obligation with