Repayment Obligations definition
Examples of Repayment Obligations in a sentence
Any indebtedness of the Company now or hereafter owed to or held by any Guarantor, its successors, assigns, and/or affiliates (the “Related Party Debt”) is hereby subordinated to the Indebtedness and Repayment Obligations.
The Signing Bonus is subject to the following Repayment Obligations: (i) if you voluntarily resign other than for Good Reason (as defined in the Plan), or are dismissed “for Cause,” prior to the twelve-month anniversary of your Start Date, you will be obligated to repay a pro-rated amount based on the length of your service with the Company.
The proceeds of the 2017 Incremental Term Loans made on the Restatement Date pursuant to Section 2.01(a) hereof shall be used to pay Convertible Note Repayment Obligations, purchase, repurchase or redeem Convertible Notes pursuant to Section 7.04(c)(y), to fund the Convertible Note Repayment Reserve as permitted hereunder, and for working capital and all other general corporate purposes.
Payment of the Repayment Obligations by the Company is guaranteed by the Parent Guarantor pursuant to the Parent Guaranty.
The obligations of the Company hereunder shall extend to all Repayment Obligations of the other Applicants without limitation of amount.