Designation of Obligations Sample Clauses

The Designation of Obligations clause identifies and specifies the particular duties, responsibilities, or tasks that each party is required to perform under the agreement. In practice, this clause outlines which party is responsible for delivering certain goods, providing services, or fulfilling other contractual requirements, often referencing schedules or exhibits for detailed descriptions. By clearly assigning obligations, this clause helps prevent misunderstandings and disputes by ensuring that all parties know exactly what is expected of them.
Designation of Obligations. In the event that the Borrower or any Subsidiary shall at any time issue or have outstanding any Indebtedness that by its terms is subordinated to any other Indebtedness of the Borrower or such Subsidiary, take all actions as shall be necessary to cause the Obligations to constitute senior indebtedness (however denominated) in respect of such subordinated Indebtedness and to enable the Lenders to have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such subordinated Indebtedness. In furtherance of the foregoing, the Obligations are hereby designated as “senior indebtedness” and, if relevant, as “designated senior indebtedness” in respect of all such subordinated Indebtedness and are further given all such other designations as shall be required under the terms of any such subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior Indebtedness under the terms of such subordinated Indebtedness.
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Designation of Obligations. The Obligations hereunder, including the Obligations in respect of the Term Loans, are hereby designated as "Designated Senior Indebtedness" for all purposes of the Existing Notes and the indenture related thereto, and shall be so designated in any indenture or other definitive documentation for any Other Permitted Subordinated Debt.
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Designation of Obligations. The Obligations of each series shall be designated as stated in the Special Provisions hereof or in the Supplemental Indenture establishing such series.
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Designation of Obligations. 2 SECTION 2.02. Issue, Form, Principal Amount, Maturity, Interest, Place of P▇▇▇▇▇▇, Denominations and Redemption of Obligations...................2 SECTION 2.03. Issuance of Obligations of Initial Series...........3 SECTION 2.04. Additional Obligations; Obligations of Additional Series...............................4 SECTION 2.05. Legends on Obligations............................
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Designation of Obligations. The parties hereto agree that, prior to the Collateral Release Date, (i) this Agreement shall be a “New Credit Agreement” under, and as defined in, the Collateral Trust Agreement, (ii) the Loan Documents shall be “Credit Agreement Documents” under, and as defined in, the Collateral Trust Agreement, (iii) the Obligations hereunder shall be “Credit Agreement Obligations” under, and as defined in, the Collateral Trust Agreement and (iv) JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent hereunder, shall be the “Credit Agreement Administrative Agent” under, and as defined in, the Collateral Trust Agreement. 509265-1725-11432-13209999
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Designation of Obligations. The Collateral Agent shall have received the Designation Certificates, duly executed and delivered by Borrower.
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Designation of Obligations. 2 SECTION 2.02. Issue, Form, Principal Amount, Maturity, Interest, Place of Payment, Denominations, and Redemption of Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 SECTION 2.03. Issuance of Obligations of Initial Series . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 SECTION 2.04. Additional Obligations; Obligations of Additional Series . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 SECTION 2.05.
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Designation of Obligations. The parties hereto agree that (i) the Administrative Agent shall be the “First Priority Representative” under the Security Agreement, (ii) this Agreement shall be a “Replacement First Priority Agreement” under the Security Agreement and (iii) the Secured Obligations hereunder shall be “Bank Obligations” and “Bank Priority Obligations” under the Security Agreement.
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Related to Designation of Obligations

  • Delegation of Obligations The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the Issuer and the Servicer.

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Duration of Obligations The Contractor’s obligations under this clause shall continue in full force and effect and be coterminous with the Contract. However, the obligations not to use or disclose, and to return on request or destroy Protected Information already disclosed to the Contractor at the time of termination shall continue for as long as Contractor holds the Protected Information.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member.