NEGATIVE OBLIGATIONS definition

NEGATIVE OBLIGATIONS any obligation not to do anything shall be deemed to include an obligation not to suffer, permit or cause that thing to be done;
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NEGATIVE OBLIGATIONS a prohibition against doing any thing is also a prohibition against permitting, suffering or causing that thing to be done; Parties: a reference to a party to the Agreement or any other document includes that party’s personal representatives/successors and permitted assigns; Person: a reference to a person includes a corporation sole, a body of persons, whether corporate or unincorporated, and any national, state, regional or local government body or agency;
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NEGATIVE OBLIGATIONS any obligation not to do anything shall be deemed to -------------------- include an obligation not knowingly to cause that thing to be done;
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More Definitions of NEGATIVE OBLIGATIONS

NEGATIVE OBLIGATIONS any obligation not to do anything includes an obligation not to suffer, permit or cause that thing to be done. “Parties:” references to parties are references to parties to this Deed. “Persons:” reference to persons includes references to individuals, companies, corporations, partnerships, firms, joint ventures, associations, trusts, organisations, governmental or other regulatory bodies or authorities or other entities in each case whether or not having separate legal personality. “Plural and Singular:” words importing the singular number include the plural and vice versa. “Statutes and Regulations:” references to any statutory provision includes any statutory provision which amends or replaces it, and any subordinate legislation made under it. “Application of Joint Operating Agreement:” In this Deed (including the recitals hereto) unless the context otherwise requires, expressions defined or given a special meaning in the Joint Operating Agreement shall have the same meanings in this Deed.
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Related to NEGATIVE OBLIGATIONS

  • Derivative Obligations means, with respect to any Person, all liabilities of such Person under any Derivative Arrangement (including but not limited to obligations and liabilities arising in connection with or as a result of early or premature termination of a Derivative Arrangement, whether or not occurring as a result of a default thereunder), absolute or contingent, now or hereafter existing or incurred or due or to become due.

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Reference Obligations The residential mortgage loans identified on ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/creditriskofferings/security_data.html.

  • 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.

  • Recourse Obligations has the meaning set forth in Section 2.1.