Parent Obligations definition

Parent Obligations is defined in Section 11.16

Parent Obligations means, collectively, the Parent’s obligations under the Purchase Agreement, including, without limitation, the obligation of the Parent to repurchase Pledged Policies in accordance with the terms thereof, including, without limitation, obtaining the Administrative Agent’s direction with respect to any such repurchase.

Parent Obligations means all (a) principal of and premium, if any, on the Revolver Loans, (b) LC Obligations and other obligations of the Borrowers, or any one of them, with respect to Letters of Credit, (c) interest, expenses, fees and other sums payable by the Borrower, or any one of them, under the Loan Documents, (d) obligations of the Borrowers, or any one of them, under any indemnity for Claims, (e) Extraordinary Expenses of the Borrowers, or any one of them, (f) Secured Bank Product Obligations of the Borrowers, or any one of them, and (g) other Debts, obligations and liabilities of any kind owing by the Borrowers and the Parent pursuant to the Loan Documents, including the Guarantee of the ACM-TCM Obligations and the Colonial Obligations set forth in Section to Section 14 hereof, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several; provided, that Obligations of the Parent shall not include its Excluded Swap Obligations

Examples of Parent Obligations in a sentence

• The Parent hereby absolutely, unconditionally and irrevocably guarantees to Seller the payment and performance of all of the payment and other obligations of Buyer to Seller in this Agreement and the other Transaction Agreements (the “Parent Obligations”), in each case, when and to the extent that, any such Parent Obligations shall become due and payable; provided, however, that the Parent shall be subject to the limitations set forth herein and shall succeed to all rights of the Buyer hereunder.

• The Parent agrees that if, for any reason, Purchaser shall fail or be unable to pay or perform, punctually and fully, any of the Parent Obligations, the Parent shall pay or perform such Parent Obligations to the Company in full immediately upon demand.

• The Parent hereby absolutely, unconditionally and irrevocably guarantees the payment and performance of all of the payment and other obligations of Purchaser and Merger Sub in this Agreement and the other Transaction Documents (the “Parent Obligations”), in each case, when and to the extent that, any such Parent Obligations shall become due and payable; provided, however, that the Parent shall be subject to the limitations set forth herein and shall succeed to all rights of Purchaser hereunder.

• The Parent agrees that if, for any reason, Buyer shall fail or be unable to pay or perform, punctually and fully, any of the Parent Obligations, the Parent shall pay or perform such Parent Obligations to Seller in full immediately upon demand.

• Rhodia hereby expressly waives diligence, presentment, demand, protest, and all notices whatsoever with regard to any of the Parent Obligations and any requirement that the Purchaser exhaust any right, power or remedy against the Sellers hereunder.

More Definitions of Parent Obligations

Parent Obligations has the meaning set forth in Section 15.18.1.

Parent Obligations means the collective reference to (a) the Secured Obligations and (b) all obligations and liabilities of the Parent that may arise under or in connection with any Loan Document to which the Parent is a party, in each case whether on account of guarantee obligations, reimbursement obligations, loan obligations, fees, indemnities, costs, expenses or otherwise (including all fees and disbursements of counsel to any Lender under any Loan Document).

Parent Obligations has the meaning given to it in clause 14.1;

Parent Obligations all obligations and liabilities of Parent which may arise under or in connection with this Agreement (including, without limitation, Section 3) or any other Loan Document to which Parent is a party, in each case whether on account of obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Agent or to the Lenders that are required to be paid by Parent pursuant to the terms of this Agreement or any other Loan Document). Without limiting the generality of the foregoing, Parent Obligations shall include all amounts that constitute part of the Parent Obligations and would be owed by Borrowers to the Agent, the Lenders or the Issuing Lender but for the fact that they are unenforceable or not allowable, including due to the existence of a bankruptcy, reorganization, other Insolvency Proceeding or similar proceeding involving any Borrower or any other guarantor.

Parent Obligations all of the Indebtedness, liabilities and obligations of Parent to the Lenders, the Issuing Bank and the Agent arising under the Loan Documents, in each case whether fixed, contingent, now existing or hereafter arising, created, assumed, incurred or acquired, direct or indirect, absolute or contingent, whether or not currently contemplated, as such Indebtedness, obligations and liabilities may be amended, increased, modified, renewed, refinanced by the Agent and the Lenders, refunded or extended from time to time.

Parent Obligations all of the Indebtedness, liabilities and obligations of Parent to the Lenders, the Issuing Bank and the Agent, whether now existing or hereafter arising, direct or indirect, absolute or contingent, whether or not currently contemplated, arising under the Loan Documents.

Parent Obligations all of the obligations and liabilities of the ------------------ Parent under the Guaranty, whether fixed, contingent, now existing or hereafter arising, created, assumed, incurred or acquired.