Discharge of Parity Lien Obligations definition

Discharge of Parity Lien Obligations means the occurrence of all of the following:

Discharge of Parity Lien Obligations has the meaning given to the term “Discharge of Second Lien Obligations” in the Intercreditor Agreement.

Discharge of Parity Lien Obligations means, except to the extent otherwise expressly provided in Section 5.5:

Examples of Discharge of Parity Lien Obligations in a sentence

• Neither the parties nor the Subcommittee had an adequate opportunity to review the Programmatic Agreement before the Historic Resources Panel testified.

• For the avoidance of doubt, a refinancing of Parity Lien Obligations with other Parity Lien Obligations to the extent contemplated and permitted by the First Lien/Second Lien/Third Lien Intercreditor Agreement shall not be deemed to cause a Discharge of Parity Lien Obligations.

• WatsonUniversity of Notre Dame AustraliaFollow this and additional works at: https://researchonline.nd.edu.au/thesesPart of the Religion CommonsCOMMONWEALTH OF AUSTRALIACopyright Regulations 1969WARNINGThe material in this communication may be subject to copyright under the Act.

• For the avoidance of doubt, a Discharge of Parity Lien Obligations shall not occur until the foregoing requirements are satisfied for each Series of Parity Lien Debt.

• Unless used in connection with a specific Series of Parity Lien Debt, all references to Discharge of Parity Lien Obligations shall mean that a Discharge of Parity Lien Obligations has occurred for each Series of Parity Lien Debt.

More Definitions of Discharge of Parity Lien Obligations

Discharge of Parity Lien Obligations shall have the meaning set forth in the Collateral Trust Agreement.

Discharge of Parity Lien Obligations means, except to the extent otherwise expressly provided in the provisions of the intercreditor agreements regarding when Discharge of Parity Lien Obligations is deemed to not have occurred, with respect to each Series of Parity Lien Debt and all Parity Lien Obligations related thereto:

Discharge of Parity Lien Obligations means, except to the extent otherwise expressly provided in Section 5.6, with respect to each Series of Parity Lien Debt and all Parity Lien Obligations related thereto:

Discharge of Parity Lien Obligations means the occurrence of all of the following: (1) termination or expiration of all commitments to extend credit that would constitute Parity Lien Debt; (2) payment in full in cash of the principal of and interest and premium, if any, on all Parity Lien Debt (other than any undrawn letters of credit); (3) discharge or cash collateralization (at the lower of (A) 101% of the aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable Parity Lien Document) of all outstanding letters of credit constituting Parity Lien Debt; and (4) payment in full in cash of all other Parity Lien Obligations that are outstanding and unpaid at the time the Parity Lien Debt is paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time).

Discharge of Parity Lien Obligations means, except to the extent otherwise provided in Section 3.10, payment in full, in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) constituting Dollars of all Parity Lien Obligations and the concurrently termination of all commitments to extend credit under the Parity Lien Documents relating thereto; provided that the Discharge of Parity Lien Obligations shall not be deemed to have occurred if such payments are made with the proceeds of other Parity Lien Obligations that constitute an exchange or replacement for or a Refinancing of such Parity Lien Obligations.

Discharge of Parity Lien Obligations means the occurrence of all of the following: (1) termination or expiration of all commitments to extend credit that would constitute Parity Lien Debt; (2) payment in full in cash of the principal of and interest and premium (if any) on all Parity Lien Debt (other than any undrawn letters of credit); (3) discharge (or cash collateralization at the percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Parity Lien Document) of all outstanding letters of credit constituting Parity Lien Debt; and (4) payment in full in cash of all other Parity Lien Obligations that are outstanding and unpaid at the time the Parity Lien Debt is paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time).

Discharge of Parity Lien Obligations means the Discharge of U.S. Parity Lien Obligations and the Discharge of Canadian Parity Lien Obligations.