Parallel Liability means a Credit Party’s undertaking pursuant to 10.27.
Parallel Liability means a Loan Party’s undertaking pursuant to Section 9.17 hereto and Section 5.14 of the Guarantee Agreement.
Examples of Parallel Liability in a sentence
In this Section 11.07(b), “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of a Seller Party under or in connection with this Agreement and the other Transaction Documents, but excluding its Parallel Liability.
In this Section 9.13, “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of Loan Party under or in connection with this Agreement and the other Loan Documents, but excluding its Parallel Liability.
More Definitions of Parallel Liability
Parallel Liability means a Loan Party’s undertaking pursuant to this Section 11.13. Each Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Agent an amount equal to the aggregate amount of its Corresponding Liabilities (as these may exist from time to time). For purposes of this Section 11.13: (a) a Loan Party’s Parallel Liability is due and payable at the same time as, for the same amount of and in the same currency as its Corresponding Liabilities; (b) a
Parallel Liability means a Loan Party’s undertaking pursuant to Section 10.26.
Parallel Liability means a Loan Party’s undertaking pursuant to Section 9.17 hereto and Section 5.14 of the Guarantee Agreement or the Amended and Restated Guarantee Agreement, as applicable.
Parallel Liability means the Borrower's undertaking pursuant to this Section 11.24.
Parallel Liability has the meaning specified in Section 10.13 [Parallel Liability].
Parallel Liability means a Seller Party’s undertaking pursuant to this Section 11.07(b).