Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 514

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 514
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 of such Person for borrowed money (including the outstanding principal
and accrued but unpaid interest), (b) all obligations for the deferred purchase price of property or services (other than trade payables
incurred in the ordinary course of business), (c) any (i) accrued or outstanding severance or termination payments, (ii) accrued paid
time off (including vacation, personal and sick days) and/or (iii) accrued bonuses, commissions or other incentive compensation, in each
case, together with the employer’s portion of all payroll, employment, unemployment, social security or similar Taxes in connection
with such amounts, (d) any obligations under any unfunded or underfunded pension or retirement (including employer contributions under
a Code Section 401(k) plan for services performed through the Closing Date), post-retirement medical, post-employment benefit or
nonqualified deferred compensation plans, programs, agreements or arrangements, together with the employer’s portion of all payroll,
employment, unemployment, social security or similar Taxes in connection with such amounts, (e) any other indebtedness of such Person
that is evidenced by a note, bond, debenture, credit agreement or similar instrument, (f) all obligations of such Person under leases
that should be classified as capital leases in accordance with GAAP, (g) all obligations of such Person for the reimbursement of any obligor
on any line or letter of credit, banker’s acceptance, guarantee or similar credit transaction, in each case, that has been drawn
or claimed against, (h) all obligations of such Person in respect of acceptances issued or created, (i) all interest rate and currency
swaps, caps, collars and similar agreements or hedging devices under which payments are obligated to be made by such Person, whether periodically
or upon the happening of a contingency, (j) all obligations secured by a Lien on any property of such Person, (k) any premiums, prepayment
fees or other penalties, fees, costs or expenses associated with payment of any Indebtedness of such Person, (l) any and all accounts
payable of such Person, (m) any and all accrued expenses of such Person, and (n) all obligation described in clauses (a) through (m) above
of any other Person which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise)
to purchase or otherwise acquire or in respect of which it has otherwise assured a creditor