UK Guaranteed Obligations definition

UK Guaranteed Obligations as defined in Section 11.2.
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UK Guaranteed Obligations has the meaning assigned to such term in Section 10.01.
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UK Guaranteed Obligations means (i) all non-monetary Obligations of UK Borrower (except to the extent that they relate to any other Loan Party) under or in connection with this Agreement and (ii) all monetary Obligations of UK Borrower to the extent that they relate to Loans made by the Administrative Agent or Lenders (or any of them) to the UK Borrower, or with respect to intercompany or other transfers of Loans or the proceeds thereof in respect of which the UK Borrower otherwise acts as a borrower, the proceeds of which have been lent by UK Borrower to any UK Guarantor, the amount of which Obligations of UK Borrower shall be determined by methods reasonably satisfactory to the Administrative Agent, which shall include without limitation reference to the books and records relating to Loans made by Lenders to UK Borrower and the records of intercompany transfers made to and from UK Borrower.
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Examples of UK Guaranteed Obligations in a sentence

  • In relation to any dispute relating to the UK Guaranteed Obligations, UK Guarantors each hereby irrevocably (i) submits to the non-exclusive jurisdiction of the courts of England, and (ii) waives objections to the courts of England on the grounds of inconvenient forum or otherwise.

  • Guaranteed Obligations: US Guaranteed Obligations or UK Guaranteed Obligations, as the case may be.

  • All amounts paid by UK Borrower and all value derived from its assets shall be applied to UK Obligations and all amounts paid by UK Guarantors and all value derived from their assets shall be applied to the UK Guaranteed Obligations.

  • To the maximum extent permitted by Law, each U.K. Guarantor hereby waives any right to revoke this U.K. Guaranty as to future U.K. Guaranteed Obligations.

  • It is not necessary for the Guaranteed Creditors to inquire into the capacity or powers of the U.K. Borrowers or the officers, directors, partners or agents acting or purporting to act on their behalf, and any U.K. Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.

  • Should any Borrower default in the payment or performance of any of its Obligations, the obligations of each Guarantor and the Australian Borrower hereunder with respect to the Guaranteed Obligations or the UK Guaranteed Obligations shall become immediately due and payable to the Administrative Agent, for the benefit of the Lenders, the Issuing Banks and the Agents, without demand or notice of any nature, all of which are expressly waived by each Guarantor and the Australian Borrower.

  • Each Guarantor, the Australian Borrower and the UK Borrower also irrevocably waives, to the fullest extent permitted by law, all defenses which at any time may be available to it in respect of the Guaranteed Obligations, the UK Guaranteed Obligations or the Australian Guaranteed Obligations, as the case may be, by virtue of any statute of limitations, valuation, stay, moratorium law or other similar law now or hereafter in effect.

  • In any proceeding under any Bankruptcy Law relating to any other Loan Party, each UK Guarantor consents to the Lenders receiving payment in full in cash of all UK Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding ("Post Petition Interest")) before such UK Guarantor receives payment of any Subordinated Obligations.

  • No invalidity, irregularity or unenforceability of all or any part of the U.K. Guaranteed Obligations or of any security therefor shall affect, impair or be a defense to this BFPH Guaranty, and this BFPH Guaranty shall be primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of any other circumstances which might constitute a legal or equitable discharge of a surety or guarantor except payment in full of the U.K. Guaranteed Obligations.

  • Without limiting the generality of the foregoing, each Non-U.K. U.S. Borrower hereby agrees with the Guaranteed Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this Non-U.K. U.S. Borrowers Guaranty (whether contractual, under Section 509 of the Bankruptcy Code or otherwise) until all U.K. Guaranteed Obligations have been irrevocably paid in full in cash.


More Definitions of UK Guaranteed Obligations

UK Guaranteed Obligations shall have the meaning set forth in Section 15.01(b).
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UK Guaranteed Obligations means (i) the principal and interest on each U.K. Borrowers' Revolving Note and the U.K. Borrowers' Swingline Note issued by each U.K. Borrower to each Bank, and each U.K. Borrowers' Loan (and Dollar Loans resulting from a conversion pursuant to Section 1.15) made, under this Agreement and all reimbursement obligations and Unpaid Drawings with respect to U.K. Letters of Credit, together with all the other obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities (including, without limitation, indemnities, fees and interest thereon) of the U.K. Borrowers (or any of them) to each Bank (including, without limitation, each U.K. Bank), the Agents and the Collateral Agent now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Document and the due performance and compliance with all the terms, conditions and agreements contained in the Credit Documents by the U.K. Borrowers and (ii) all obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities of the U.K. Borrowers (or any of them) or any of their respective Subsidiaries owing under any Interest Rate Protection Agreement entered into by the U.K. Borrowers (or any of them) or any of their respective Subsidiaries with any Bank or any affiliate thereof (even if such Bank subsequently ceases to be a Bank under this Agreement for any reason) so long as such Bank or affiliate participate in such Interest Rate Protection Agreement, and their subsequent assigns, if any, whether now in existence or hereafter arising, and the due performance and compliance with all terms, conditions and agreements contained therein. "U.K. L/C Stated Amount" of each U.K. Letter of Credit shall, at any time, mean the maximum amount available to be drawn thereunder (expressed in Pounds Sterling) (in each case determined without regard to whether any conditions to drawing could then be met, but after giving effect to all previous drawings made thereunder).
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Related to UK Guaranteed Obligations

  • Guaranteed Obligations has the meaning set forth in Section 11.01.

  • Secured Obligations has the meaning specified in the Security Agreement.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations (including with respect to attorneys’ fees) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case of clauses (a), (b) and (c), whether now or hereafter owing.

  • Non-Guaranteed Elements means the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non- guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (a) to purchase any such Indebtedness or any property constituting security therefor, (b) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (c) to lease or purchase property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (d) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.