Vendor Obligations definition

Vendor Obligations means the debts of the Company to vendors for services rendered or products sold to the Company in excess of the net proceeds of the IPO not held in the Trust Account at the time of its liquidation, to the extent that (i) such debts or obligations actually reduce the amount of funds in the Trust Account that are distributable to the Company’s stockholders and (ii) are not reimbursed by any insurance procured by the Company to cover such claims made against the Trust Account. For the avoidance of doubt, Vendor Obligations do not include (x) any debts or obligations to vendors that do not represent service fees (and related disbursements) or product purchase prices, (y) any debts or obligations to prospective target businesses if a Business Combination is not consummated with such prospective target businesses or (z) any debts or obligations owed to any entity other than a vendor. Global Technology Industries, Inc.Morgan Joseph & Co. Inc. As of March 17, 2006 Page 3
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Vendor Obligations means the Vendor’s vendor obligations as defined in Ontario Regulation 637/20 under the ONHWP Act and includes, for greater certainty, all obligations, liabilities and indebtedness of a vendor to Tarion under the ONHWP Act, under an agreement with Tarion (including this Vendor Agreement), under Specified Terms and Conditions, a Registrar Bulletin or Registrar Directive or otherwise, including without being limited to, obligations, liabilities and indebtedness for: 1.2.2.15.1 all payments made by Xxxxxx in respect of a claim or potential claim, 1.2.2.15.2 the value of services provided by Xxxxxx in respect of a claim or potential claim, 1.2.2.15.3 costs incurred by Xxxxxx relating to a claim or potential claim, including legal fees, expert fees and other consultant fees on a full indemnity basis, 1.2.2.15.4 damages suffered by Xxxxxx in respect of a claim or potential claim, 1.2.2.15.5 all costs incurred by Xxxxxx in enforcing the obligations, liabilities and indebtedness of a vendor to Tarion, and 1.2.2.15.6 applicable administration fees, penalties, taxes and interest on the above.
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Vendor Obligations means indebtedness due from an Obligor to a Vendor.
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Examples of Vendor Obligations in a sentence

  • This policy applies to all vendor obligations negotiated between the Belk merchandising team and the Vendor and supersedes any other verbal agreements on when Vendor Obligations will be processed against invoices.

  • This policy applies to all vendor obligations negotiated between the Belk merchandising team and the Vendor and supersedes any other verbal agreements on when Vendor Obligations will be processed against invoices.11.3 Accounts Payable Vendor Web PortalThe Belk vendor portal can be found at https://vendorportal.belk.com/VendorPortal/ .

  • Vendor Obligations General‌‌‌ Vendor will provide any and all labor, materials and supplies necessary to perform the Services in the manner prescribed by this Contract.

  • The representations and warranties of the Vendor set forth in Section 2.1 may be relied upon by Tarion, and shall continue in full force and effect, so long as any Vendor Obligations remain outstanding.

  • There are no representations, warranties, terms, conditions, undertakings or collateral agreements, express, implied or statutory, between Tarion and the Vendor with respect to the subject matter hereof except as expressly set forth herein and in the legislation, agreements and other documents that set out the Vendor Obligations.

  • This policy applies to all vendor obligations negotiated between the Belk merchandising team and the Vendor and supersedes any other verbal agreements on when Vendor Obligations will be processed against invoices.11.3 Accounts Payable Vendor Web PortalThe Belk vendor portal can be found at https://VendorInfo.Belk.com .

  • Vendor Obligations Vendor’s representative will visit the site as per the directions from KE Admin.

  • This policy applies to all vendor obligations negotiatedbetween the Belk merchandising team and the Vendor and supersedes any other verbal agreements on when Vendor Obligations will be processed against invoices.11.3 Accounts Payable Vendor Web PortalThe Belk vendor portal can be found at https://vendorportal.belk.com/VendorPortal/ .

  • Create, incur, assume or suffer to exist outstanding Satellite Vendor Obligations that are reasonably expected to come due during the term of this Agreement and that will not constitute Excluded Capital Expenditures in an aggregate amount in excess of an amount equal to (a) the aggregate amount of Covenant Capital Expenditures allowed under this Agreement during the term hereof less (b) the aggregate amount of all Covenant Capital Expenditures actually made during the term of this Agreement.

  • David's Bridal takes affirmative measures to monitor compliance with the David’s Bridal Code of Conduct, David’s Bridal Vendor Obligations, and David's Bridal Purchase Order Terms and Conditions.


More Definitions of Vendor Obligations

Vendor Obligations means the amount of the obligations of the Borrower owed to vendors and secured by Inventory, to the extent such vendor is entitled to apply such security towards payment of such obligations.
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Vendor Obligations means (a) Debt incurred pursuant to that certain Credit Agreement, dated as of June 13, 2016, between CareKinesis, Inc. and AmerisourceBergen Drug Corporation (the “Existing Vendor Obligations”) and (b) any Debt which serves to extend, replace, renew or refinance the Existing Vendor Obligations so long as: (i) the principal amount of such Debt does not exceed $6,000,000 at any time, (ii) the cash interest rate does not exceed 7.0%, (iii) such Debt is not secured by any assets or property of the Parent Borrower or any of its Subsidiaries that does not secure the Existing Vendor Obligations, (iv) any Liens securing such Debt (other than Liens on Inventory) is subordinated to the Liens securing the Loans to at least the same extent as the Existing Vendor Obligations pursuant to an agreement in form and substance satisfactory to the Agent and (v) all other terms and conditions of such Debt shall be in form and substance satisfactory to the Agent.
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Vendor Obligations means all obligations of Seller to vendors with respect to merchandise supplied to Seller that appears as an account payable on the books and records of Seller or to be supplied to Seller for which Seller has issued a written purchase order.
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Vendor Obligations is defined in Section 4.07;
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Vendor Obligations has the meaning set forth in the Citicorp Facility.
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Vendor Obligations means indebtedness due from the Company or any of its Subsidiaries to a Vendor.
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Related to Vendor Obligations

  • Seller Obligations means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Seller to any Purchaser Party, Seller Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, and shall include, without limitation, all obligations of the Seller in respect of the Seller Guaranty and the payment of all Capital, Yield, Fees and other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencement of any Insolvency Proceeding with respect to the Seller (in each case whether or not allowed as a claim in such proceeding).

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Obligations means the Junior Obligations of the Guarantor and the Junior Obligations of the Issuer;

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid 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 made to the Borrower under this Agreement, 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 (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations 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), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Notes Obligations means Obligations in respect of the Notes, the Guarantees and this Indenture.

  • 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.

  • Bank Products Obligations of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Original Obligations means the “Obligations” as defined in the Original Credit Agreement.

  • Foreign Obligations means Obligations owing by any of the Foreign Borrowers.

  • Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

  • 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, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) 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, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) 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.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Canadian Obligations means the Obligations owing by the Canadian Borrower.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Related Secured Obligations means, as of any date, the outstanding principal amount of the Related Equipment Notes issued under each Related Indenture, the accrued and unpaid interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due thereon in accordance with such Related Indenture as of such date, the Related Make-Whole Amount, if any, with respect thereto due thereon in accordance with such Related Indenture as of such date, and any other amounts payable as of such date under the “Operative Documents” (as defined in each Related Indenture).

  • Credit Party Obligations means, without duplication, (a) all of the obligations of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes, or any of the other Credit Documents to which any Credit Party is a party and (b) all liabilities and obligations owing from such Credit Party to any Lender, or any Affiliate of a Lender, arising under Hedging Agreements.

  • Term Obligations shall have the meaning assigned that term in the Intercreditor Agreement.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. For purposes of determining the aggregate consideration paid for an Acquisition at the time of such Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Acquisition. For purposes of determining the amount of any Earn Out Obligations to be included in the definition of Funded Indebtedness, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with GAAP.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Credit Document Obligations shall have the meaning provided in the definition of "Obligations" in this Article IX.