Treasury Services Obligations definition

Treasury Services Obligations shall have the meaning provided in the definition of “Obligations” in this Article VII.

Treasury Services Obligations means any and all obligations of the Borrower or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Treasury Services.

Treasury Services Obligations shall have the meaning specified in Section 5.6(b).

Examples of Treasury Services Obligations in a sentence

• It is understood that, if the Required Lenders (or, after the date on which all Credit Document Obligations have been paid in full, the holders of at least a majority of the outstanding Other Obligations and Treasury Services Obligations, taken as a whole) so agree (without requiring the consent of any Guarantor), this Guaranty may be directly enforced by any Secured Creditor.

• The parties hereto hereby acknowledge and agree that the Treasury Services Obligations are (i) "Senior Indebtedness" for the purposes of the Existing Senior Subordinated Note Documents, (ii) "Senior Debt" for the purposes of the New Senior Subordinated Note Documents or (iii) any similar term for the purposes of any Permitted Senior Subordinated Note Documents.

• The Liens granted by the Prepetition ABL Credit Parties under the ABL Documents (the “Prepetition ABL Liens”) to or for the benefit of the ABL Agent, the other ABL Secured Parties, and the Treasury Bank as security for the Prepetition ABL Obligations and the Prepetition Treasury Services Obligations, respectively, encumber all of the Prepetition Collateral.

• Except as otherwise expressly provided herein, all covenants made by Borrower hereunder or under any other agreement or instrument shall be deemed continuing until all Secured Obligations (other than Treasury Services Obligations) are satisfied in full.

• As of the Petition Date, the Debtors do not believe there are any amounts outstanding in respect of any Prepetition Treasury Services Obligations, other than fees and expenses incurred in the ordinary course of business.

More Definitions of Treasury Services Obligations

Treasury Services Obligations means all obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding at the rate provided for in the respective documentation, whether or not such interest is allowed in any such proceeding) owing by Aleris or any of its Subsidiaries to each Treasury Services Creditor with respect to Treasury Services, whether now in existence or hereafter arising in each case under any Treasury Services Agreement.

Treasury Services Obligations means, collectively, any and all “Treasury Services Obligations”, as defined in the Security Agreements.

Treasury Services Obligations as defined in the Pledge and Security Agreement.

Treasury Services Obligations means Obligations in respect or treasury, depositary or cash management services (including purchasing cards and stored value cards) from, or any automated clearinghouse transfer of funds to, any entity that is an ABL Lender or an Affiliate of an ABL Lender.

Treasury Services Obligations means all obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding at the rate provided for in the respective documentation, whether or not such interest is allowed in any such proceeding) owing by any Grantor to each Treasury Services Creditor with respect to Treasury Services, whether now in existence or hereafter arising in each case under any Treasury Services Agreement (including without limitation, in the case of a Grantor that is a Guarantor Subsidiary, all obligations, liabilities and indebtedness of such Grantor under the Guaranty in respect of the Treasury Services Obligations).

Treasury Services Obligations means any and all obligations of any Loan Party or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Treasury Services.

Treasury Services Obligations means all obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding at the rate provided for in the respective documentation, whether or not such interest is allowed in any such proceeding) owing by any Grantor to each Treasury Services Creditor with respect to Treasury Services, whether now in existence or hereafter arising in each case under any Treasury Services Agreement (including without limitation, in the case of a Grantor that is a Guarantor Subsidiary, all obligations, liabilities and indebtedness of such Grantor under the Guaranty in respect of the Treasury Services Obligations); provided, that, notwithstanding the foregoing, so long as JPM is a Lender, Treasury Services Obligations shall include up to $1,500,000 of obligations, liabilities and indebtedness (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding at the rate provided for in the respective documentation, whether or not such interest is allowed in any such proceeding) owing by REV Brasil to JPM (and/or one or more of its banking affiliates) in respect of Treasury Services (including, bank guarantees).