Collateral Termination Date definition

Collateral Termination Date means the first date on which no Loan or Credit Extension is outstanding under the Credit Agreement, the Commitments have been terminated, and no other Obligations under any Loan Document remain unpaid or unsatisfied (other than any contingent indemnity obligations that, by their terms, survive the termination of the Credit Agreement).

Collateral Termination Date has the meaning set forth in Section 5.12(c).

Collateral Termination Date means the first date of the public announcement upon which all three Rating Agencies have Debt Ratings of at least BBB- or equivalent, provided that, if such date occurs before the Collateral Effective Date, then the Collateral Effective Date shall not occur notwithstanding any subsequent reduction in Debt Ratings.

Examples of Collateral Termination Date in a sentence

• This authorization shall not be subject to stay or injunction or affected by the Cash Collateral Termination Date, conversion of the Chapter 11 Cases to chapter 7, dismissal of the Chapter 11 Cases, the appointment of a trustee or examiner or otherwise.

• Notwithstanding the occurrence of the Cash Collateral Termination Date or anything herein to the contrary, all of the rights, remedies and benefits and protections provided to the Prepetition Secured Parties under this Order shall survive the Cash Collateral Termination Date.

• Except as expressly provided herein, the Debtors shall be immediately prohibited from using the Cash Collateral upon the Cash Collateral Termination Date (as defined herein).

• Notwithstanding the occurrence of the Cash Collateral Termination Date or anything herein to the contrary, all of the applicable rights, remedies and benefits and protections provided to the First Lien Lenders under this Order shall survive the Cash Collateral Termination Date.

• The term "Collateral Termination Date" shall mean the first date on which no Note or Letter of Credit is outstanding under the Credit Agreement, the Commitments have been permanently terminated and no other Obligation is due and payable thereunder or under any other Credit Document.

More Definitions of Collateral Termination Date

Collateral Termination Date means the first date on which no Note is outstanding under the Note Purchase Agreements and no other obligation is due and payable thereunder or under any other Document.

Collateral Termination Date means the first date on which the principal and interest, if any, due upon the Convertible Note, EBIDTA Adjustment Note, and Net Current Asset Note shall have been paid or otherwise satisfied in full.

Collateral Termination Date means the first date following the Effective Date upon which each of the following conditions is satisfied: (a) no Default has occurred and is continuing; (b) the Term Loan has been repaid in full; (c) the maximum Consolidated Leverage Ratio permitted under Section 8.11 is equal to or less than 3.0 to 1.0; (d) the actual Consolidated Leverage Ratio for the most recently ended period of four consecutive fiscal quarters for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) is equal to or less than 2.5 to 1.0; and (e) the Borrower provides written notice to the Administrative Agent and the Lenders notifying such parties that the conditions specified in (a) through (d) have been satisfied.

Collateral Termination Date means the date when all Loans and all Letter of Credit Outstandings together with all accrued and unpaid interest thereon have been paid, except for such Letter of Credit Outstandings as have been fully cash collateralized in accordance with Section 10.1(B), all Letter of Credit Commitments shall have terminated or expired, and the Borrower shall have fully, finally and irrevocably paid and satisfied all Obligations.

Collateral Termination Date means (a) with respect to the Mortgages, any date after a Real Estate Collateral Effective Date in which (i) the Leverage Ratio has been less than or equal to .55 to 1.0, as of the last day of a fiscal quarter of the Credit Parties, for two consecutive fiscal quarters and (ii) no Default or Event of Default exists, and (b) with respect to the Stock Collateral, any date after a Stock Collateral Effective Date that (i) the Leverage Ratio is less than or equal to .55 to 1.0 as of the last day of a fiscal quarter of the Credit Parties and (ii) no Default or Event of Default exists.

Collateral Termination Date set forth therein in its entirety.

Collateral Termination Date means the date on which the Collateral Termination Conditions have been satisfied, as notified and evidenced in writing by the Borrower to the Administrative Agent (for further distribution to the Lenders and the Issuing Banks).