Xxxxx Obligations definition

Xxxxx Obligations means the aggregate amount of indebtedness of the Company (including, without limitation, current maturities thereof) outstanding under the Xxxxx Loan Documents as identified on Schedule 1.1D in accordance with GAAP. The amount of Xxxxx Obligations as of December 31, 2010 is set forth on Schedule 1.1D.
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Xxxxx Obligations means the obligations owed by Fenix Parts, Inc. to Xxxxx Xxxxx and Xxxxxxx Xxxxx in the approximate amount of $1,750,000.
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Xxxxx Obligations has the meaning given to it in Section 2.03(a) of the Seller Disclosure Letter.
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Examples of Xxxxx Obligations in a sentence

  • It will constitute an Event of Default under this Agreement, the Credit Agreement and the other Loan Documents if (a) any holder of the Xxxxx Obligations exercises any rights or remedies against any Loan Party with respect to the Xxxxx Obligations, (b) any Loan Party makes any payment or principal or interest with respect to the Xxxxx Obligations, or (c) any Loan Party provides collateral to secure the Xxxxx Obligations.

  • Except as set forth on Schedule 6.4, there are no outstanding rights (including any rights of first refusal or offer or rights of reverter), options, or Contracts made on Xxxxx’x behalf giving any Person any current or future right to require Xxxxx or any of its Affiliates or, following the Closing Date, Buyer, to sell or transfer to such Person or to any third party all or any part of the Xxxxx Obligations.

  • Xxxxx has good legal title to the Xxxxx Obligations and has the full legal right, power and authority to sell, assign and transfer complete ownership in the Xxxxx Obligations to Buyer, free and clear of all liens, claims, restrictions, encumbrances, charges, options or rights of third parties with respect thereto.

  • Any and all defaults and remedies arising, or with the passage of time will arise, from such defaults under the Xxxxx Obligations appear on Schedule 6.6.

  • Subject to the satisfaction or waiver by the appropriate party of all the conditions precedent to Closing specified in Articles 9 and 10, the consummation of the sale and purchase of the Equity Interest and the Xxxxx Obligations and the other transactions contemplated by and described in this Agreement (the “Closing”) shall take place at the offices of Xxxxx & Xxx Xxxxx PLLC, Suite 4700, 000 Xxxxx Xxxxx Xxxxxx, Charlotte, North Carolina 28202, on September 30, 2011 (the “Closing Date”).

  • Subject to the terms and conditions hereof, at the Closing, Buyer shall cause the Company to pay to Xxxxx an amount equal to the Xxxxx Obligations Payoff Amount.

  • The security interests granted by the Xxxxx Loan Documents constitute perfected security interests in all right, title and interest of the Company in the collateral described therein and the proceeds thereof, as security for the Xxxxx Obligations and the other obligations of the Company as defined in the Xxxxx Loan Documents, in each case prior and superior in right to any other Person except as expressly permitted by the Xxxxx Loan Documents.

  • Any amounts obtained by the Agent on account of or as a result of the exercise by the Agent of any right with respect to any funds at any time and from time to time on deposit in, or otherwise to the credit of, any of the Accounts, shall be held by the Agent as additional collateral for the repayment of the Xxxxx Obligations and shall be applied as provided in Section 2.01 hereof.

  • Walsh an amount equal to 50% of the Company's outstanding obligations to Xx. Xxxxx, including the loans and defined compensation set forth in Schedule 5(g) hereto (the "Xxxxx Obligations").

  • Each of the loans representing the Xxxxx Obligations is valid and enforceable against the Company.


More Definitions of Xxxxx Obligations

Xxxxx Obligations means, with respect to any Person who is a lessee under any lease which is not a Synthetic Lease or a Finance Lease, the present value of all payment obligations (without double-counting) that are in the nature of a rental payment obligation or are otherwise not avoidable at the option of the lessee without incurring other costs or risks (including for this purpose purchase rights for which the failure to exercise results in other payment obligations and guarantees of value) such Person may have under such lease and related documents, provided that (i) payments which such Person may be entitled unilaterally to determine not to pay without incurring other payment obligations, (ii) termination value obligations which may be due if events not expected to happen occur (but not excluding any which are expected to be payable), and (iii) indemnity obligations, shall not be included in the meaning of "Lease Obligations". For this purpose, the present value of such "Lease Obligations" with respect to any such lease shall equal the amount obtained by discounting all relevant obligations from their respective due dates to the date of determination in accordance with accepted financial practice and at a discount factor of 10% per annum.
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Xxxxx Obligations is defined in Section 2.01 of the Collateral ----------------- Agreement.
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Xxxxx Obligations means the obligations of XXXXXXXX and its Affiliates related to the Business, the Assets and/or the Companies under the XXXXXXXXXXXXXXXX, as such obligations exist under such agreements, taking into account all provisions thereof including, without limitation, governing law and dispute resolution.
Sample 1

Related to Xxxxx Obligations

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • 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;

  • Privacy Obligations means, to the extent applicable to the Company or its Subsidiaries, all (a) applicable Law (including, to the extent applicable, the General Data Protection Regulation (EU) 2016/679 and the California Consumer Privacy Act), (b) written policies of the Company or its Subsidiaries, or (c) contractual requirements or obligations, that in each case: (x) pertains to privacy or restrictions or obligations related to the Processing of Personal Data (including any security breach notification requirements) by the Company or its Subsidiaries.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Compliance Obligations means obligations of the AMC to comply with: (a) laws or international guidance and internal policies or procedures, (b) any demand or request from authorities or reporting, disclosure or other obligations under laws, and (c) laws requiring us to verify the identity of our customers.

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

  • 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.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • Reference Obligations The residential mortgage loans identified on xxxx://xxx.xxxxxxxxxx.xxx/creditriskofferings/security_data.html. Reference Pool: All of the Reference Obligations, collectively.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Permitted Swap Obligations means all obligations (contingent or otherwise) of the Company or any Subsidiary existing or arising under Swap Contracts; provided that each of the following criteria is satisfied: (a) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments or assets held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited hereunder, and not for purposes of speculation or taking a “market view;” and (b) such Swap Contracts do not contain any provision (“walk-away” provision) exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Financial Instrument Obligations means obligations arising under:

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Secured Swap Obligations means all amounts and other obligations owing to any Secured Swap Party under any Secured Swap Agreement (other than Excluded Swap 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).

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Swap Obligations means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

  • Service obligation means the contractual obligation undertaken by an individual under section 2705 or section 2707 to provide health care services for a determinable time period at a site designated by the department.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • 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.