Common use of Winding up of trust Clause in Contracts

Winding up of trust. If the Security Agent, with the approval of the Facility Agent determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 13 contracts

Samples: Assignment Agreement (Star Bulk Carriers Corp.), Assignment Agreement (Ardmore Shipping Corp), Facilities Agreement (Ardmore Shipping Corp)

AutoNDA by SimpleDocs

Winding up of trust. If the Security and Intercreditor Agent, with the approval of the Facility Agent Agent, determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 5 contracts

Samples: Agreement (Kosmos Energy Ltd.), Credit Facility Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.)

Winding up of trust. If the Security Agent, with the approval of each of the Facility Agent Agents and each Hedge Counterparty, determines that (a1) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b2) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor Debtor pursuant to the Finance Debt Documents:

Appears in 5 contracts

Samples: Agreement (Liberty Global PLC), Intercreditor Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Majority Lenders, determines that (a) all of the Secured Liabilities and all other obligations liabilities secured by the Finance Documents creating the Transaction Security Documents have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 4 contracts

Samples: Facility Agreement (PCGI Intermediate Holdings LTD), Agreement (PCGI Intermediate Holdings LTD), Agreement (PCGI Intermediate Holdings LTD)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Agent, determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 3 contracts

Samples: Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.), And Restatement Agreement (Kosmos Energy Ltd.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent and each Hedge Counterparty, determines that (ai) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Documents creating the Transaction Security Documents have been fully and finally discharged and (bii) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 3 contracts

Samples: Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Winding up of trust. If the Security AgentTrustee, with the approval of the Facility Agent determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Documents creating the Transaction Security Interests have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Agent, determines that (a) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Documents creating the Transaction Security Documents have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

Winding up of trust. If the Security Agent, with the approval of each of the Facility Agent Agents and each Hedge Counterparty, determines that (a) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor Debtor pursuant to the Finance Debt Documents:

Appears in 2 contracts

Samples: Intercreditor Agreement (B Communications LTD), Intercreditor Agreement (Internet Gold Golden Lines LTD)

Winding up of trust. If the Security Agent, with the approval having made enquiry of the Facility Agent Agents and the Noteholders Trustees, determines that (a) all of the Secured Liabilities Obligations owed to the Secured Parties and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully fully, finally and finally irrevocably discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor Debtor pursuant to the Finance Debt Documents:

Appears in 2 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:: 115

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

AutoNDA by SimpleDocs

Winding up of trust. If the Security Agent, with the approval of each of the Facility Agent Agents and each Hedging Counterparty, determines that (a) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

Winding up of trust. If the Security Agent, with the approval Proceeds Agent is informed by all of the Facility Agent determines Agents and the Senior Hedging Counterparties that (a) all of the Secured Liabilities and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Documents:Documents the trusts set out in this Agreement shall be wound up.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent determines that (a) all of the Secured Liabilities liabilities and all other obligations secured by the Finance Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Transaction Obligor pursuant to the Finance Documents:

Appears in 1 contract

Samples: Assignment Agreement (DryShips Inc.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Agent, determines that (a) all of the Secured Liabilities and all other obligations secured by the Finance Documents creating the Transaction Security Documents have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor party to a Finance Document (other than a Finance Party) pursuant to the Finance Documents:

Appears in 1 contract

Samples: Loan Note Agreement (Weather Investments II S.a.r.l.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Majority Lenders, determines that (a) all of the Secured Liabilities Obligations and all other obligations secured by the Finance Security Documents creating the Transaction Security have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance Guaranteed Documents:

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Winding up of trust. If the Security Agent, with the approval of the Facility Agent Agent, determines that (a) all of the Secured Liabilities Obligations (as defined in the Transaction Security Documents) and all other obligations secured by the Finance Documents creating the Transaction Security Documents have been fully and finally discharged and (b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Finance DocumentsDocuments then:

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

Time is Money Join Law Insider Premium to draft better contracts faster.