Exit Payment Date definition

Exit Payment Date means the earliest date on which any of the following occur: (i) the Deleveraging Event, (ii) a Repricing Transaction, (iii) the incurrence of any Replacement Debt in respect of the Initial Term Loans or any Replacement Term Loans, (iv) [reserved], (v) an Event of Default, (vi) the repayment of any Obligations owing to any Initial Term Lender or the replacement of any Initial Term Lender, in each case in connection with an event specified in Section 2.19(b)(i) through (iv) or (vii) the voluntary payment of the Exit Payment, in each case of clauses (i) through (vii) above, occurring at least one day prior to the Initial Term Loan Maturity Date. The rights of each Lender to its pro rata share of the Exit Payment shall be assignable in connection with any permitted assignment of the Initial Term Loans held by such Lender.

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Exit Payment Date means the date defined in clause 35.

Exit Payment Date means that date as defined in clause 61.2.

Examples of Exit Payment Date in a sentence

• The Exit Date Waiver Fee shall be earned as of the Fifth Amendment Effective Date and shall be payable in full and due on the Exit Payment Date (and is to be paid in immediately available funds and identified as the Exit Date Waiver Fee on the date of payment) and shall be in addition to any mandatory prepayment, and any reimbursement of the Administrative Agent’s or the Lenders’ expenses.

• The interest rate will be the ANZ Bank commercial bill rate and will accrue from the date which is nine months after the Termination Date to the Exit Payment Date.

• Your Village Fee ceases to be payable: On the earlier of: (a) the Exit Payment Date; or (b) three months after the later of the Termination Date or Vacation Date.

• You and we agree to defer your payment of the Care Suite Village Fee until the Exit Payment Date and we will deduct it in one lump sum from the Exit Payment.

• On the Exit Payment Date (set out in clause 56), we will pay you the Exit Payment.

• The Surviving Corporation shall pay the Exit Payment and, if applicable, the Additional Exit Payment, in accordance with Section 2.14, within five Business Days of the Exit Payment Date, by wire transfer of immediately available funds to the accounts specified by the Shareholders’ Representative.

• Fee This is the amount which is payable by you and deferred and deducted in one lump sum on the Exit Payment Date.

• Payment of interest shall be made no later than the Exit Payment Date.

• The interest rate will be the ASB Bank 30 day term deposit rate and will accrue from the date which is nine months after the Termination Date to the Exit Payment Date.

• On the Exit Payment Date (set out in clause 67), we will pay you the Exit Payment (clause 67.1).

More Definitions of Exit Payment Date

Exit Payment Date shall have the meaning set forth in Section 6.10.

Exit Payment Date means the date on which an Exit Payment Event occurs.

Exit Payment Date means the date we must pay you the Exit Payment and which is set out in clause 10.4. Fair Wear and Tear means the normal change that takes place with the ageing of the Care Suite or the Trust’s Chattels through normal use by you or your visitors. This includes where such change occurs due to the normal use of mobility aids such as a wheelchair,

Exit Payment Date shall have the meaning given such term in Section 2.13.