Obligations Definition Example

Obligations. Means all advances to, and debts, liabilities, obligations, covenants and duties of, each Borrower and the Pledgor arising under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Borrower, Pledgor, or any Affiliate thereof of... any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. View More