UK Facility Obligations definition

UK Facility Obligations all Obligations of the UK Facility Obligors owed to the UK Facility Secured Parties, and the other Foreign Facility Obligations that are the subject of a cross-Guarantee (including, without limitation, the Foreign Cross-Guarantee) made by the UK Facility Obligors.
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UK Facility Obligations all Obligations of the UK Domiciled Loan Parties and the other Foreign Facility Obligations that are the subject of a Foreign Cross-Guarantee made by the UK Domiciled Loan Parties (but excluding, for the avoidance of doubt, the U.S. Facility Obligations).
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UK Facility Obligations all Obligations of the UK Facility Obligors owed to the UK Facility Secured Parties, and the other Foreign Facility Obligations that are the subject of a cross-Guarantee (including, without limitation, the Foreign Cross-Guarantee) made by the UK Facility Obligors.(a) principal of and premium, if any, on the UK Revolving Loans, (b) UK LC Obligations and other obligations with respect to UK Letters of Credit, (c) interest, expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable in connection with the UK Revolving Loans under Loan Documents, (d) Secured Bank Product Obligations for the account of the UK Borrower and any UK Subsidiary or Affiliate domiciled in the United Kingdom, and (e) other Debts, obligations and liabilities of any kind owing with respect to the UK Revolving Loans pursuant to the Loan Documents, 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. “UK Facility Obligor” UK Borrower, and each UK Facility Guarantor and each other Person that has or is required pursuant to Section 10.1.9 and/or the Collateral and Guarantee Requirement to ▇▇▇▇▇ ▇ ▇▇▇▇ on its assets in favor of Agent or any Security Trustee to secure any UK Facility Obligations.
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Examples of UK Facility Obligations in a sentence

  • U.K. Cash Collateral Account: a demand deposit, money market or other account established by Agent at Bank of America, N.A. (London Branch) or such other financial institution as Agent may select in its discretion, which account shall be for the benefit of the U.K. Facility Secured Parties and shall be subject to Agent’s Liens securing the U.K. Facility Obligations.

  • All Protective Advances made by Agent with respect to the U.K. Borrower shall be U.K. Facility Obligations, secured by the U.K. Facility Collateral and shall be treated for all purposes as Extraordinary Expenses.

  • All UK Protective Advances shall be UK Facility Obligations and secured by the UK Facility Collateral.

  • If UK Revolver Usage exceeds the UK Borrowing Base (a “UK Overadvance”) at any time (whether as a result of fluctuations in Spot Rates or otherwise), the excess amount shall be payable by the UK Borrower on demand by Agent, but all such UK Revolver Loans shall nevertheless constitute UK Facility Obligations secured by the UK Facility Collateral and entitled to all benefits of the Loan Documents.

  • All UK Overadvance Loans shall constitute UK Facility Obligations secured by the UK Facility Collateral and shall be entitled to all benefits of the Loan Documents.

  • On the UK Commitment Termination Date, UK Borrower shall make Full Payment of all UK Facility Obligations.

  • All U.K. Overadvances shall nevertheless constitute U.K. Facility Obligations secured by the U.K. Facility Collateral and shall be entitled to all benefits of the Loan Documents.

  • Canadian Facility Obligations shall be due and payable in full on the Canadian Commitment Termination Date, UK Facility Obligations shall be due and payable in full on the UK Commitment Termination Date and U.S. Facility Obligations shall be due and payable in full on the U.S. Commitment Termination Date, in each case unless payment is sooner required hereunder.

  • If the aggregate U.K. Revolver Loans exceed the U.K. Borrowing Base (a “U.K. Overadvance”) at any time, the excess amount shall be payable by the U.K. Borrower on demand by Agent, but all such U.K. Revolver Loans shall nevertheless constitute U.K. Facility Obligations secured by the U.K. Facility Collateral.

  • Agent may apply Cash Collateral of a U.S. Domiciled Obligor to the payment of any Obligations, may apply Cash Collateral of a Canadian Domiciled Obligor to the payment of any Canadian Facility Obligations, and may apply Cash Collateral of a U.K. Domiciled Obligor to the payment of any U.K. Facility Obligations, in each case, in such order as Agent may elect, as they become due and payable.