Discharge of Priority Lien Obligations definition

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

Discharge of Priority Lien Obligations has the meaning set forth in the Intercreditor Agreement.

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

Examples of Discharge of Priority Lien Obligations in a sentence

• Cf. Cappelen & Hawthorne (2010), Ch. 4, for some recent opposition.

• For the purposes of this Section 4.02, unless otherwise provided herein, clauses (b) through and including (o) shall be in full force and effect prior to the Discharge of Priority Lien Obligations and clauses (p) through and including (cc) shall be in full force and effect following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations.

• Unless and until the Discharge of Priority Lien Obligations has occurred, and subject to the rights of the Grantors under the Priority Lien Documents, all proceeds of any such policy and any such award (or any payments with respect to a deed in lieu of condemnation) in respect to the Collateral shall be paid to the Priority Lien Agent pursuant to the terms of the Priority Lien Documents (including for purposes of cash collateralization of commitments, letters of credit and Hedging Obligations).

• Through 2018, the District maintained an operating reserve equal to at least 90 days of annual operating expensesfor the water utility, and 60 days of annual operating expenses for the wastewater utility.

• For the purposes of this Section 4.02, unless otherwise provided herein, clauses (b) through and including (o) shall be in full force and effect prior to the Discharge of Priority Lien Obligations.

More Definitions of Discharge of Priority Lien Obligations

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

Discharge of Priority Lien Obligations means the occurrence of the Discharge of First-Out Obligations and the Discharge of First Lien Obligations.

Discharge of Priority Lien Obligations means the indefeasible payment in full in cash of the Priority Lien Obligations (other than indemnity and other contingent obligations as to which no claim has been asserted) and the termination of all commitments thereunder.

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

Discharge of Priority Lien Obligations means, subject to any Priority Claim Avoidance, the occurrence of all of the following:

Discharge of Priority Lien Obligations means termination of all commitments to extend credit that would constitute Priority Lien Debt, payment in full in cash of the principal of and interest and premium (if any) on all Priority Lien Debt (except undrawn letters of credit), discharge or cash collateralization (at 105% of the aggregate undrawn amount) of all letters of credit outstanding under any Priority Lien Debt, and payment in full in cash of all other Priority Lien Obligations (except Unasserted Contingent Obligations) that are outstanding and unpaid at the time the Priority Lien Debt is paid in full in cash.

Discharge of Priority Lien Obligations means the indefeasible payment in full in cash of the Priority Lien Obligations (other than Hedging Obligations and indemnity and other contingent obligations as to which no claim has been asserted) and the termination of all commitments thereunder.