Common use of Debt Termination Date Clause in Contracts

Debt Termination Date. “Debt Termination Date” shall mean the first day on which the indebtedness evidenced by the FFB Promissory Notes has been indefeasibly paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of the FFB to the Borrower under the Note Purchase Agreement and the other FFB Credit Facility Documents have been terminated, and the Borrower has indefeasibly paid in cash all sums due from the Borrower under the Loan Guarantee Agreement, the FFB Credit Facility Documents and the other Loan Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).

Appears in 2 contracts

Sources: Loan Guarantee Agreement (Oglethorpe Power Corp), Loan Guarantee Agreement (Oglethorpe Power Corp)

Debt Termination Date. “Debt Termination Date” shall mean the first day on which the indebtedness evidenced by each of the FFB Promissory Notes has been indefeasibly paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of the FFB to the Borrower under each of the FFB Note Purchase Agreement Agreements and the other FFB Credit Facility Documents have been terminated, and the Borrower has indefeasibly paid in cash all sums due from the Borrower under the Loan Guarantee Agreement, the FFB Credit Facility Documents and the other Loan Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).

Appears in 1 contract

Sources: Loan Guarantee Agreement (Georgia Power Co)