Credit Agreement Termination definition

Credit Agreement Termination has the meaning set forth in Section 6.05.

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Credit Agreement Termination shall occur upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification, expense reimbursement or yield protection obligations and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized or as to which other arrangements reasonably satisfactory to the Administrative Agent and the L/C Issuer have been made).

Credit Agreement Termination shall occur upon termination of the Line of Credit and payment in full and performance of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Secured Cash Management Agreements as to which arrangements satisfactory to Bank shall have been made).

Examples of Credit Agreement Termination in a sentence

For the purposes of this Agreement, the Obligations shall not be deemed to have been paid in full until (a) all maturity dates therefor shall have elapsed, (b) the Commitment shall have been terminated, and (c) the Lenders shall have received indefeasible payment of the Obligations in full in cash (such date that the conditions described in (a), (b), and (c) herein are satisfied shall be the "Credit Agreement Termination Date").
This Guaranty shall remain in full force and effect until the Credit Agreement Termination, notwithstanding that from time to time during the term of the Credit Agreement, no Obligations may be outstanding.
Each Grantor agrees that, until the Credit Agreement Termination, any Liens securing payment of the Grantor Claims shall be and remain inferior and subordinate to any Liens securing payment of the Obligations, regardless of whether such encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or are hereafter created or attach.
Concurrently with the Closing, Parent shall pay to the administrative agent under the Company Credit Agreement all amounts required pursuant to the terms of the Company Credit Agreement and specified in the Payoff Letter to effect the Credit Agreement Termination.
Notwithstanding anything to the contrary herein, (x) in no event shall this Section 7.17 require the Company or any of its Subsidiaries to cause the Credit Agreement Termination unless the Closing shall have occurred and (y) Parent shall pay, or shall cause one or more of its Subsidiaries to pay, the Payoff Amount in full on behalf of the Company on the Closing Date.
Unless on or prior to August 1, 1999, a Credit Agreement Termination has occurred, the Company shall pay on August 1, 1999 to each Purchaser an amount equal to 0.50% of the principal amount then outstanding on the Notes held by such Purchaser.
At all times on and after the Existing Credit Agreement Termination Date, the Borrower will not permit the aggregate principal amount of Indebtedness of its Non-Guarantor Subsidiaries (excluding any intercompany Indebtedness for borrowed money of a Subsidiary of the Borrower owed to the Borrower or another Subsidiary of the Borrower, but including any Guarantee by a Non-Guarantor Subsidiary of Indebtedness of the Borrower or any Subsidiary Guarantor) at any time to exceed $200,000,000.
Guarantor agrees that it will not register, make any filing or take any similar action in respect of such future lien until after the occurrence of the Credit Agreement Termination Date.
After the occurrence of the Credit Agreement Termination Date, Company agrees that it shall, to the extent granted to the Agent, and shall cause all of its Subsidiaries to the extent provided under the Credit Agreement (the "Subject Subsidiaries" which directly -------------------- or indirectly own any interest in the System) to (i) guaranty Company's obligations hereunder, and (ii) ▇▇▇▇▇ ▇ ▇▇▇▇ on their interests in the System, to secure performance of Company's obligations under this Agreement.
Beginning on August 15, 2007 and thereafter, the Borrower shall pay to the Administrative Agent a semi-annual administrative fee of $25,000 on each February 15 and August 15 of each year that this Agreement is in effect in arrears and on the Credit Agreement Termination Date.

More Definitions of Credit Agreement Termination

Credit Agreement Termination means that: (a) no Commitment (as defined in the Credit Agreement) remains outstanding under the Credit Agreement; and (b) the Credit Agreement has been permanently terminated and all notes and other obligations of the Company and its Subsidiaries thereunder have been paid in full.

Credit Agreement Termination means the termination of the Credit Agreement and all obligations thereunder, and the release of all liens securing the obligations under the Credit Agreement.

Credit Agreement Termination means that certain Credit Agreement Termination, by and between DPTSM and WFS, in the form attached hereto as Exhibit C.