The Secured Obligations definition
The Secured Obligations include: (i) the obligation of the Owner to transfer an amount equal to the entire cash value in the event that the Owner terminates employment with Employer for a reason other than a Qualifying Termination and before attaining his or her Security Release Date; (ii) the obligation of the Owner to pay an amount of cash to the Assignee or transfer to the Assignee that portion of the cash surrender value of the Policy which is equal to the sum of the outstanding balances on any loans made by Assignee to the Owner in the event of a Qualifying Event (as set forth in section 5(a) of the Agreement); and (iii) the obligation of the Owner to pay an amount of cash to the Assignee or transfer to the Assignee that portion of the cash value which is equal to any federal, state or local taxes that Assignee may be required to withhold and collect (as set forth in Section 12 of the Agreement).
The Secured Obligations include: (i) the obligation of the Owner to transfer an amount equal to the entire cash value in the event that the Owner terminates employment with Employer for a reason other than a Qualifying Termination and before attaining his or her Security Release Date; (ii) the obligation of the Owner to pay an amount of cash to the Assignee or transfer to the Assignee that portion of the cash value which is equal to any federal, state or local taxes that Assignee may be required to withhold and collect (as set forth in Section 12 of the Agreement); and (iii) the obligation of the Owner to name the Assignee as beneficiary for a portion of the death benefit under the Policy in the event of the death of Owner prior to Owner's termination of employment with Employer in accordance with Section 4 of the Agreement.
The Secured Obligations. The Property is granted and shall be held for the purpose of securing the following (the "Secured Obligations"):
(a) The payment of the indebtedness as evidenced in the Note;
(b) The performance and observance of all terms, covenants, conditions, and provisions to be performed or observed by the Trustor pursuant to the terms of:
(i) this Deed of Trust,
(ii) the Security Agreement executed by Trustor in connection with the Project,
(iii) the Financing Statements on the Project,
(iv) the Loan Agreement,
(v) any and all pledge or other security agreements, loan agreements, disbursement agreements, supplemental agreements, assignments (both present and collateral), side letters, as the same may be amended, modified or supplemented from time to time, being referred to hereinafter as "Related Agreements" associated with the Project.
(c) The payment of all sums expended or advanced by Beneficiary pursuant to the terms hereof.
(d) The payment and performance of all Obligations under the Loan Agreement and any Loan Documents executed in connection therewith.
(e) The payment of all future advances under the Note and Loan Agreement, made pursuant to the terms of the Note, Loan Agreement and other Loan Documents. The Note, this Deed of Trust, the Security Agreement, Financing Statements, Related Agreements, Loan Agreement and any and all other documents or instruments executed in connection with the foregoing to evidence or secure the Note, specifically excluding, however, the Environmental Indemnity Agreement, shall be hereinafter collectively called the "Loan Documents".
Examples of The Secured Obligations in a sentence
The Secured Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness.
The Secured Obligations will only be considered as discharged to the extent of the effective payment received by the Secured Parties under this ARTICLE VII.
The Secured Obligations shall constitute one joint and several direct and general obligation of all of the Borrowers.
The Secured Obligations are “Senior Debt” (or any comparable term) and “Designated Senior Debt” (or any comparable term), in each case under, and as defined in, any documentation governing any Subordinated Indebtedness.
The Secured Obligations constitute senior debt and sole designated senior debt under all Subordinated Debt Documents.
The Secured Obligations shall be secured by the interests and rights granted to the Finance Parties under the Security Documents.
The Secured Obligations, and each of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Article 2.
The Secured Obligations constitute “Senior Indebtedness”, “Designated Senior Indebtedness” or any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Indebtedness and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.
The Secured Obligations of each Borrower under this Section 2.23 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any other Borrower or any Secured Party.
The Secured Obligations will be paid by the Debtor without regard to any equities between the Debtor and the Collateral Agent and/or any Secured Party or any right of set-off or cross-claim.
More Definitions of The Secured Obligations
The Secured Obligations. The Property is granted and shall be held for the purpose of securing:
(a) The payment of the indebtedness as evidenced in the Notes;
(b) The performance and observance of all terms, covenants, conditions, and provisions to be performed or observed by the Grantor pursuant to the terms of (i) the Note Purchase Agreement, (ii) this Deed of Trust, (iii) UCC-1 financing statements required to perfect the Beneficiary's security interest in the personal property as granted by the Deed of Trust, if any (the "Financing Statement"), and (iv) any and all pledge or other security agreements, loan agreements, disbursement agreements, supplemental agreements, assignments (both present and collateral), side letters, as the same may be amended, modified or supplemented from time to time, being referred to hereinafter as "Related Agreements". The Notes, the Note Purchase Agreement, this Deed of Trust, Financing Statement, Related Agreements and any and all other documents or instruments executed in connection with the foregoing to evidence or secure the Notes shall be hereinafter collectively called the "Loan Documents");
(c) The payment of all sums expended or advanced by Beneficiary pursuant to the terms hereof.
The Secured Obligations. The Property is granted and shall be held for the purpose of securing the following:
(a) The payment of the indebtedness as evidenced in the Note;
(b) The performance and observance of all terms, covenants, conditions, and provisions to be performed or observed by the Mortgagor pursuant to the terms of
(i) this Mortgage,
(ii) the Security Agreement, executed by Mortgagor,
(iii) the Environmental Indemnity Agreement executed by Mortgagor in favor of Mortgagee (the "EIA");
(iv) UCC-1 financing statements required to perfect the Mortgagee's security interest in the Tangible Personalty and Intangible Personalty as granted by this Mortgage and the Security Agreement ("Financing Statement"),
(v) the Loan Agreement, and
(vi) any and all pledge or other security agreements, loan agreements, disbursement agreements, supplemental agreements, assignments (both present and collateral), side letters, as the same may be amended, modified or supplemented from time to time, being referred to hereinafter as "Related Agreements." The Note, this Mortgage, Security Agreement, Financing Statement, Environmental Indemnity, Related Agreements, Loan Agreement, and any and all other documents or instruments executed in connection with the foregoing to evidence or secure the Note shall be hereinafter collectively called the "Loan Documents".
(c) The payment of all sums expended or advanced by Mortgagee pursuant to the terms hereof.
(d) Payment and performance of all Future Advances and other obligations that the then record owner of all or part of the Property may agree to pay and/or perform (whether as principal, surety or guarantor) for the benefit of Mortgagee, when such future advance or obligation is evidenced by a writing which recites that it is secured by this Mortgage.
(e) All modifications, extensions and renewals of any of the obligations secured hereby, however evidenced, including, without limitation: (i) modifications of the required principal payment dates or interest payment dates or both, as the case may be, deferring or accelerating payment dates wholly or partly; or (ii) modifications, extensions or renewals at a different rate of interest whether or not in the case of a note, the modification, extension or renewal is evidenced by a new or additional promissory note or notes. Any capitalized terms not otherwise defined in Sections 1.5 through 1.7 of this Mortgage and not defined in the Loan Agreement, shall bear the meaning given to them in Article 9 of the UCC.
The Secured Obligations means all money that now is or at any time after the date of this deed may be or become due, owing or incurred from or by the Company to the Mortgagee in relation to any part of the Price which is payable in cash under or pursuant to the Subscription Agreement
The Secured Obligations. Beneficiary to not compete with the Settlor as provided in section 2.2(a) of the Non Competition Agreement. For terms not defined in this trust agreement, the parties agree to use the definitions provided in the Non-Competition Agreement and or in any other agreement entered into between 3D and __________________________.