Discharge of the Obligations definition

Discharge of the Obligations means (and shall have occurred when) (a) all Obligations (other than contingent obligations as to which no claim has been asserted) shall have been paid in full in cash and (b) all Commitments shall have terminated or expired.

Discharge of the Obligations means and shall have occurred when all Obligations shall have been paid in full in cash in immediately available funds and all other obligations under the Loan Documents shall have been performed (other than (a) those expressly stated to survive termination, (b) contingent obligations as to which no claim has been asserted, and (c) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements, if any, as to which arrangements satisfactory to the applicable Qualified Counterparties shall have been made).

Discharge of the Obligations means and shall have occurred when (i) all Obligations shall have been paid in full in cash in immediately available funds and all other obligations under the Loan Documents shall have been performed (other than (a) those expressly stated to survive termination, (b) contingent obligations as to which no claim has been asserted, and (c) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements as to which arrangements satisfactory to the applicable Qualified Counterparties shall have been made), (ii) no Letters of Credit shall be outstanding (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Issuing Lender shall have been made) and (iii) all Commitments shall have terminated or expired.

Examples of Discharge of the Obligations in a sentence

• The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until Discharge of the Obligations.

• Without limiting the generality of the foregoing, this Obligations Guarantee and the obligations of the Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction, limitation, impairment, set-off, defense, counterclaim, discharge or termination for any reason (other than a Discharge of the Obligations and as set forth in Sections 9.02(c) and 9.02(d)).

• The Obligations Guarantee contained in this Article IX shall remain in full force and effect until the Discharge of the Obligations.

• The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until a Discharge of the Obligations.

• Until a Discharge of the Obligations, no Guarantor shall, without the prior written consent of the Administrative Agent, commence or join with any other Person in commencing any proceeding under any Debtor Relief Law against the Borrower or any other Guarantor.

More Definitions of Discharge of the Obligations

Discharge of the Obligations occurs when the Commitments have terminated or expired and all Obligations (other than indemnification Obligations for which no claims have been made) of all Loan Parties have been paid in full.

Discharge of the Obligations means the Discharge of First Lien Credit Agreement Obligations (as defined in the Second Lien Intercreditor Agreement).

Discharge of the Obligations means the payment in full in cash of all Obligations and the satisfactory performance of all other Obligations (other than (i) those expressly stated to survive termination of the applicable Facility Document and (ii) contingent obligations as to which no claim has been asserted), and all Commitments shall have terminated or expired.

Discharge of the Obligations means the termination of all Commitments, payment in full, in cash, of all of the Obligations (other than any unasserted contingent reimbursement or indemnity obligations) and the termination, expiration or Cash Collateralization of all Letters of Credit.

Discharge of the Obligations as defined in the Guarantee and Collateral Agreement.

Discharge of the Obligations occurs when (i) the Commitments have terminated or expired, no Letter of Credit is outstanding (other than Letters of Credit that have been fully cash collatereralized or supported in full by another letter of credit, in either case, in a manner satisfactory to the Issuing Bank) and all Obligations of all Loan Parties (other than obligations in respect of Hedge Agreements and indemnification obligations that are then inchoate) have been paid in full, and (ii) to the extent obligations in respect of Hedge Agreements are then outstanding, unless otherwise agreed in writing by the applicable counterparties, no event of default or termination event shall have occurred and be continuing under any such Hedge Agreements, and no event described in Section 7.1(f) or 7.1(g) (in respect of Borrower only) shall have occurred and be continuing.

Discharge of the Obligations has the meaning specified in Section 9.10(a).