Parallel Obligations means the independent obligations of any of the Grantors arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Grantor to the other Secured Parties (or any of them) under the Credit Documents.
Parallel Obligations means the independent obligations of any of the Loan Parties arising pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal to the sums owed by such Loan Party to the other Secured Parties (or any of them) under the Loan Documents.
Parallel Obligations shall have the meaning assigned to such term in Section 9.23(a).
Examples of Parallel Obligations in a sentence
The Pledgee’s security interest constituted by or pursuant to this Deed shall be continuing and shall remain in full force and effect, notwithstanding any intermediate payment of the Obligations or the Parallel Obligations, and shall apply to the ultimate balance of the Secured Obligations.
More Definitions of Parallel Obligations
Parallel Obligations shall have the meaning given to the term in Section 2.14(d)(i).
Parallel Obligations means, in relation to Bonds that are granted priority in respect of the statutory security in accordance with the Covered Bond Act, any (i) Outstanding Bonds that are granted priority in respect of the statutory security in accordance with the Covered Bond Act, (ii) liabilities of the Issuer under Derivative Contracts, and (iii) all other obligations of the Issuer which are granted the same priority in respect of the statutory security in accordance with the Covered Bond Act.
Parallel Obligations means the Parallel Debt as described in Clause 17.2 of the Intercreditor Agreement, to the extent they constitute obligations for the payment of money (vorderingen tot voldoening van een geldsom);
Parallel Obligations is defined in Section 9.9.
Parallel Obligations as defined in Section 7.13(a)(i).
Parallel Obligations as defined in Section 12.16. Participant: as defined in Section 13.2.
Parallel Obligations as defined in Section 14.19. Parent: as defined in the preamble to this Agreement.