Discharge of Revolving Facility Obligations definition

Discharge of Revolving Facility Obligations means, except to the extent otherwise provided in Section 4.4(i), the occurrence of all of the following:
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Discharge of Revolving Facility Obligations means (a) the payment in full in cash of the principal and interest (including any interest that would accrue and become due but for the commencement of a Bankruptcy Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such case) of all Revolving Facility Obligations, (b) the payment in full in cash of all other Revolving Facility Obligations that are due and payable (including (i) any amounts due or payable under or in respect of any Secured Swap Obligations as a result of the termination of any associated Swap Agreement or otherwise as a result of the termination of the Revolving Commitments and/or payment in full of any other Revolving Facility Obligations, and (ii) any amounts that would accrue and become due but for the commencement of a Bankruptcy Proceeding, whether or not such amounts are allowed or allowable in whole or in part in such case) or otherwise accrued and owing at or prior to the time such principal and interest are paid (other than indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time), or, in the case of indemnification obligations for which such a claim or demand for payment has been made, the payment of cash collateral (pursuant to an agreement in form and substance reasonably satisfactory to such indemnitee), or at the relevant indemnitee’s option, the delivery to such indemnitee of a letter of credit payable to such indemnitee issued by a bank reasonably acceptable to such indemnitee and in form and substance reasonably satisfactory to such indemnitee, in either case in such amount as such indemnitee may reasonably require, (c) the payment in full in cash of cash collateral (pursuant to an agreement in form and substance reasonably satisfactory to the Relevant Issuing Bank), or at the relevant Issuing Bank’s option, the delivery to such Issuing Bank of a letter of credit payable to such Issuing Bank issued by a bank reasonably acceptable to such Issuing Bank and in form and substance reasonably satisfactory to such Issuing Bank, in either case in respect of Letters of Credit (and including banker’s acceptances or similar instruments) in an amount equal to 103% of the amount of such Letters of Credit and (d) the termination of the Revolving Commitments; provided that “Discharge of Revolving Facility Obligations” shall not include an amendment or modification of the Revolving Loans or Revolving Commitments permitted by this Agreeme...
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Discharge of Revolving Facility Obligations means, subject to Section 7.02 and Section 7.04, (a) payment in full in cash of the principal of and interest (including interest accruing during the pendency of any Insolvency Proceeding, regardless of whether allowed or allowable in such Insolvency Proceeding) and premium, if any, on all Revolving Facility Obligations outstanding under the Revolving Facility Loan Documents, (b) payment in full in cash of all other Revolving Facility Obligations (including, without limitation, all Cash Management Obligations) that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid, (c) cancellation of or the entry into arrangements reasonably satisfactory to the Revolving Facility Administrative Agent and the Issuing Bank with respect to all letters of credit issued and outstanding under the Revolving Facility Credit Agreement (including, without limitation, cash collateralization or back-to-back letters of credit in an amount not to exceed 105% of the aggregate undrawn face amount), (d) termination of, and payment of the Credit Exposure of the Revolving Secured Swap Parties under, each Revolving Eligible Swap Agreement and all related fees, expenses and other amounts owed to the Revolving Secured Swap Parties in connection therewith (other than any Revolving Eligible Swap Agreement with respect to which other arrangements satisfactory in the sole discretion of the Revolving Secured Swap Party that is a party to such Revolving Eligible Swap Agreement have been made), (e) termination, assignment, novation, or collateralization of all Cash Management Obligations and other obligations associated therewith on terms satisfactory to the applicable Cash Management Provider in its sole discretion, and (f) termination or expiration of all commitments to lend and all obligations to issue or extend letters of credit under the Revolving Facility Credit Agreement.
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Examples of Discharge of Revolving Facility Obligations in a sentence

  • This authorization is coupled with an interest and is irrevocable until the Discharge of Revolving Facility Obligations.

  • Collateral or Collateral Proceeds received by the Incremental Term Loan Claimholders or the Agent, acting on behalf of the Incremental Term Loan Claimholders, after the Discharge of Revolving Facility Obligations and prior to the reinstatement of such Revolving Facility Obligations shall be delivered to the Revolving Lenders upon such reinstatement.

  • Until the Discharge of Revolving Facility Obligations has occurred, the Term Loan Security Agent, on behalf of itself and the Term Loan Secured Parties, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Revolving Facility First Lien Collateral, without the prior written consent of the Revolving Facility Security Agent.

  • Besides that, finding from this study should be used for reference by developer to drive low carbon construction in the country towards success as there is no proper critical success factors framework available as a guideline for developers and project managers in Malaysia.

Related to Discharge of Revolving Facility Obligations

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

  • Discharge of ABL Obligations has the meaning specified in the Intercreditor Agreement.

  • Discharge of Term Obligations shall have the meaning provided in the Intercreditor Agreement.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in the Intercreditor Agreement, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding First Priority Lien Obligations and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Revolving Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other First Priority Lien Obligations that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other First Priority Lien Obligations that constitute an exchange or replacement for or a refinancing of such Obligations or First Priority Lien Obligations. In the event the First Priority Lien Obligations are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the First Priority Lien Obligations shall be deemed to be discharged when the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied.

  • Discharge of Second Lien Obligations means the occurrence of all of the following:

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Term Obligations shall have the meaning set forth in the Intercreditor Agreement.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • First Priority Obligations means, collectively, (i) the Credit Agreement Secured Obligations, (ii) each Series of Other First-Priority Obligations and (iii) any other First-Priority Hedging Obligations and First-Priority Cash Management Obligations (which shall be deemed to be part of the Series of Other First-Priority Obligations to which they relate to the extent provided in the applicable Other First-Priority Agreement).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).