Trust Obligations definition

Trust Obligations shall have the meaning assigned to such term in Section 9.01.

Trust Obligations has the meaning set forth in Section 3.7 of this Agreement.

Trust Obligations means all of the obligations of the Owner Trust under or in connection with the Loan Agreement or any of the Operative Documents. "UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code of the relevant jurisdiction. "Underwriter" shall mean a major underwriter or underwriting group with respect to the Excess Pollution Liability Insurance. "United States Bankruptcy Code" shall mean the Federal Bankruptcy Reform Act of 1978, as amended, as codified under Title 11 of the United States Bankruptcy Code, and the Bankruptcy Rules promulgated thereunder. "United States Treasury Note(s)" shall mean a debt instrument(s) issued by the United States Treasury Department. "Upfront Fee" shall mean 0.20% of the principal amount of the Lenders' aggregate Commitments, which Commitment Fee is non-refundable and payable to the Agent on the Drawdown Date. "USCG" shall mean United States Coast Guard. "Vessel Tranches" shall mean the Boston Vessel Tranche, the Chicago Vessel Tranche, the New York Vessel Tranche, the Ohio Vessel Tranche and the Washington Vessel Tranche, each tranche individually a "Vessel Tranche". "Vessels" shall mean the OVERSEAS BOSTON, the OVERSEAS CHICAGO, the OVERSEAS NEW YORK, the OVERSEAS OHIO and the OVERSEAS WASHINGTON, each vessel individually a "Vessel". "Washington Assignment of Charterhire" shall mean that certain Assignment of Charterhire dated as of the Delivery Date, executed by the Washington Owner in favor of the Collateral Trustee. "Washington Assignment of Insurances" shall mean that certain Assignment of Insurances dated as of the Delivery Date executed by the Washington Owner and the Bareboat Charterer in favor of the Collateral Trustee. "Washington Bareboat Charter" shall mean that certain Bareboat Charter dated as of March 30, 1999, by and between the Washington Owner and the Bareboat Charterer, as amended by Amendment No. 1 dated as of August 20, 1999, in respect of the OVERSEAS WASHINGTON. "Washington Finance Lease" shall mean that certain Finance Lease dated as of the Delivery Date, by and between the Washington Owner and the Owner Trust pursuant to which the Washington Owner will lease the OVERSEAS WASHINGTON to the Owner Trust. "Washington Mortgage" shall mean that certain first preferred mortgage, dated as of the Delivery Date, made by the Washington Owner in favor of the Collateral Trustee with respect to the OVERSEAS WASHINGTON. "Washington Operating Lease" shall mean that certain Operating Lease dated as of the...

Examples of Trust Obligations in a sentence

• To the fullest extent permitted by applicable law, El Paso waives any defense based on or arising out of any defense of the Trustee or the unenforceability of the Trust Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Trustee, other than the payment in full in cash of the Trust Obligations.

• In addition, any indebtedness of the Trustee now or hereafter held by El Paso is hereby subordinated in right of payment to the prior payment in full of the Trust Obligations.

• To the fullest extent permitted by applicable law, El Paso waives presentment to, demand of payment from and protest to the Trustee of any of the Trust Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

• El Paso further agrees that the Trust Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Trust Obligation.

• The obligations of El Paso hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the payment in full in cash of the Trust Obligations), including any claim of waiver, release, surrender, alteration or compromise of any of the Trust Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Trust Obligations or otherwise.

More Definitions of Trust Obligations

Trust Obligations means the obligations of the Company and its ----------------- Restricted Subsidiaries under the Trust Preferred Securities, the related Junior Subordinated Debentures and the agreements entered into in connection therewith, all as in effect on the Issue Date.

Trust Obligations has the meaning assigned to “Obligations” in the Trust Indenture;

Trust Obligations means the obligations of the Company and its

Trust Obligations means all present and future debts, expenses and liabilities, direct or indirect, absolute or contingent, due, owing or accruing due or owing from time to time by the Trust including, without limitation, those owing to any Creditor and the Issuer Trustee.

Trust Obligations means any loans or certificates issued by any Applicable Trust.

Trust Obligations shall have the meaning ascribed to it in Section 7(k). The term “Withdrawal Notice” shall have the meaning ascribed to it in Section 2(a). SECTION 16.

Trust Obligations means the Notes and all other Obligations under the Notes Trust Documents.