The guarantee will be indefinite, remaining in effect until the City Council resolved Zizur Mayor expressly declare the extinction of the secured obligation
and cancellation of the guarantee.
In denying the taxpayer's claims, the court in Continental Vending first noted that Fahs was distinguishable because the debt was a secured obligation
Thus, a transfer of a secured obligation
by the seller of the property to a controlled corporation and a subsequent repossession of real property by the corporation would avoid Sec.
The Notes are first lien senior secured obligations
and will rank pari passu in right of payment with all of the Issuers' existing and future senior indebtedness, including the Issuers' first lien term loan facility (the "First Lien Term Loan Facility").
Fitch understands that JAFZ has confirmed that its obligations under its undertaking to purchase will be its direct, unconditional and secured obligations
and will at all times rank pari passu with its other unsubordinated and secured obligations
from time to time outstanding.
The notes will be the senior secured obligations
of ILFC and will be guaranteed on a senior secured basis by certain of ILFCas wholly owned subsidiaries.
The senior secured notes will be senior secured obligations
of the airline.
The first lien notes will be senior secured obligations
of United, with the company's obligations under these notes guaranteed on a senior unsecured basis by UAL and certain of UAL's subsidiaries.
1996) (attorneys' fees paid out under a structured settlement were not funded or secured obligations
, but mere promises to pay and, thus, only taxable in the year of actual receipt).
The plan further suggests selling Asahi's collateral properties to help pay for its secured obligations
, worth 10.
The New Notes will be the second lien senior secured obligations
of UHS and will be guaranteed, jointly and severally, on a second lien senior secured basis, by our existing current and certain of our future wholly-owned domestic subsidiaries.
The Notes will be first lien senior secured obligations
and will rank pari passu in right of payment with all of the Issuers' existing and future senior indebtedness, including the First Lien Term Loan Facility.