US Obligation definition

US Obligation means direct non-callable obligations of the United States of America.
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US Obligation means any part of the US Obligations.
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US Obligation obligations or securities not subject to prepayment, call or early redemption which are direct obligations of, or obligations fully guaranteed as to timely payment by, the United States of America or any agency or instrumentality of the United States of America, the obligations of which are backed by the full faith and credit of the United States of America.
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Examples of US Obligation in a sentence

  • Each Swingline Loan shall be secured by the Lien on the US Collateral in favor of the Administrative Agent and shall constitute a US Obligation hereunder.

  • Notwithstanding anything to the contrary contained herein, no BVI Loan Party shall be required to make any payment under this Section to the extent the obligation to make such payment constitutes a U.S. Obligation.

  • US Borrower shall immediately reimburse US Agent for any such payments and each amount paid by US Agent shall constitute an US Obligation owed hereunder which is due and payable on the date such amount is paid by US Agent.

  • No Canadian Loan Party shall be deemed to have provided a Loan Guaranty in respect of any US Obligation (it being understood that the US Loan Parties shall guarantee the Canadian Obligations).

  • In the interest of certainty, all Remaining Canadian Pledged Stock shall be and hereby is pledged solely to secure the Guaranty of Canadian Obligations and shall not in any event secure or be deemed to secure any US Obligation or any other Obligation of a US Credit Party.

  • Notwithstanding anything to the contrary herein or in any other Loan Document (including provisions that may override any other provision), in no event shall the Canadian Borrowers or any other Canadian Loan Party guarantee or be deemed to have guaranteed or become liable or obligated on a joint and several basis or otherwise for, or to have pledged any of its assets to secure, any direct U.S. Obligation under this Agreement or under any of the other Loan Documents.

  • Notwithstanding the foregoing, a participant that holds a US Obligation shall be entitled to the benefits, and bound by the obligations, of Section 5.04 as though it were a Lender; provided, however, that such participant shall not be entitled to receive any greater payment under Section 5.04 than the applicable Lender would have been entitled to receive with respect to the participation transferred to such participant.

  • For purposes of this Agreement, "Permitted Investments" shall mean direct obligations of the U.S. government having maturities of 180 days or less, money market funds that invest solely in direct obligations of the U.S. government, including, without limitation, the Victory U.S. Obligation Fund, and such other investments as may be specified from time to time by joint written agreement between Buyer and Seller.

  • The US Borrowers agree that the US Agents’ and each US Lender’s books and records showing the US Obligations and the transactions pursuant to this Agreement and the other Loan Documents shall be admissible in any action or proceeding arising therefrom, and shall constitute rebuttably presumptive proof thereof, irrespective of whether any US Obligation is also evidenced by a promissory note or other instrument.

  • Agent may exercise its discretion in determining whether an Obligation is a U.S. Obligation or a Singapore Obligation.


More Definitions of US Obligation

US Obligation shall have the meaning provided in Section 11.1(a).
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US Obligation direct non-callable obligations of the United States of America. "YIELD MAINTENANCE PREMIUM": the amount (if any) which, when added to the unpaid Principal or the principal amount of the Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.
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US Obligation means all present and future (a) Debts, liabilities, and obligations of any Domestic Company to Administrative Agent, any Lender, the Issuer under the LC Subfacility, or Arranger and related to the US Facility and any Loan Document, whether principal, interest, fees, costs, attorneys' fees, or otherwise, (b) Debts, liabilities, or obligations owed by any Company to any Lender or its one or more Affiliates under any agreement, document, or instrument related to any interest swap or foreign-currency purchase or swap described in the definition of Hedging Agreement, and (c) renewals, extensions, and modifications of any of the foregoing.
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US Obligation means all present and future (a) Debts, liabilities, and obligations of any Domestic Company to Administrative Agent, any Lender, the Issuer under the LC Subfacility, or Arranger and related to the US Facility and any Loan Document, whether principal, interest, fees, costs, attorneys' fees, or otherwise, (b) Debts, liabilities, or obligations owed by any Company to any Lender or any Affiliate of any Lender who, in either case, is also a Foreign- Exchange Party or a Rate-Protection Party, in each case under any Foreign-Exchange Arrangement or Rate-Protection Arrangement, and (c) renewals, extensions, and modifications of any of the foregoing.
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Related to US Obligation

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with any issue of trust certificates or other securities intended to be issued in compliance with the principles of Shari’a, whether or not in return for consideration of any kind;

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.