Trade Obligations definition

Trade Obligations means all letters of credit, bank guarantees, bankers' acceptances or other similar instruments issued in respect of trade payables or similar obligations but in any event excluding Performance Obligations.

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Trade Obligations means and include the Trade Debt and all other liabilities and obligations of Borrowers to Trade Creditor, whether now or hereafter created, incurred or arising, including all liabilities now or at any time hereafter owing to Trade Creditor under any of the Trade Creditor Documents.

Trade Obligations means future obligations for the payment of goods or services or other obligations (other than obligations for borrowed money) incurred in the ordinary course of its energy marketing business. "Transaction" means the merger of Gas Systems with and into Energy Systems, which then changes its name to LG&E Capital Corp. "Utility" means Louisville Gas and Electric Company, a Kentucky corporation, and any successor thereto. "Yield" means, for any Auction Advance, the effective rate per annum at which interest on such Auction Advance is payable, computed on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable.

Examples of Trade Obligations in a sentence

• Nothing in this Agreement shall be construed to be or operate as a subordination of any of the Senior Obligations to the Trade Obligations, or vice versa.

• Trade Creditor's security interest in Branded Inventory as security for the Trade Obligations is a permitted Lien under the Loan Agreement; the existence of such security interest does not constitute an Event of Default under any of the Senior Creditor Documents.

• Except as provided below, upon the occurrence of any default with respect to any Trade Obligations or any other secured obligation owing to any Trade Creditor, none of the Trade Creditors or the Collateral Agent may institute an Enforcement Action (as hereinafter defined).

• If such proceeds are applied to Senior Obligations, any proceeds remaining after payment in full of the Senior Obligations and expenses of collection, provided that Lenders’ commitments to extend further credit to or for the benefit of the Borrowers shall have been terminated, shall be promptly remitted to the Trade Creditor for application to the Trade Obligations or to the Loan Parties, as applicable.

• Such proceeds and Payments applied to the Effective Amount and other Obligations arising from the Borrowing Base Line, Swap Obligations and Physical Trade Obligations shall be applied in accordance with Sections 2.01(b)(ii) through (k).

More Definitions of Trade Obligations

Trade Obligations means all obligations of Borrower to the Trade Creditors pursuant to the terms of the Trade Financing Agreement.

Trade Obligations has the meaning set forth in the Declaration of ----------------- Trust made in the Recitals to this Agreement.

Trade Obligations as defined in Section 7.2(l).

Trade Obligations has the meaning set forth in the definition of the Other Indebtedness.

Trade Obligations means future obligations for the payment of goods or services or other obligations (other than obligations for borrowed money) incurred in the ordinary course of its energy marketing business.

Trade Obligations means future obligations for the payment of goods or services or other obligations (other than obligations for borrowed money) incurred in the ordinary course of its energy marketing business. "Trust Indenture Act," subject to the provisions of Sections 9.01 and 9.02, means the Trust Indenture Act of 1939, as amended and in effect at the date of execution of this Indenture.

Trade Obligations means any outstanding accounts payable and accounts receivable arising in the ordinary course of business between any Business Entity and any Related Entity but excluding any management fees payable by a Related Consolidated Entity to a Business Entity.