First Lien Termination Date definition

First Lien Termination Date means the date on which the Discharge of Senior Obligations (as such term is defined in the Intercreditor Agreement) has occurred.

First Lien Termination Date has the meaning assigned such term in the Collateral Agency Agreement.

First Lien Termination Date means, subject to Section 5.7 of the Intercreditor Agreement, the date on which the Discharge of Senior Lender Claims occurs; provided that if, at any time after the First-Lien Termination Date, the Discharge of Senior Lender Claims is deemed not to have occurred pursuant to Section 5.7 of the Intercreditor Agreement, the First-Lien Termination Date shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of incurrence and designation of any Future First-Lien Indebtedness as a result of the occurrence of such first Discharge of Senior Lender Claims).

Examples of First Lien Termination Date in a sentence

• After the occurrence of the First Lien Termination Date, the Second Lien Agent shall have the exclusive right, subject to the rights of the Obligors under the Second Lien Documents, to settle and adjust claims in respect of Collateral under policies of insurance and to approve any award granted in condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Collateral.

• If the First Lien Termination Date (as defined below) has occurred, a reference in this Agreement to the First Lien Agent shall, unless the context requires otherwise, be construed as a reference to the Agent and this agreement shall be interpreted accordingly.

• So long as the First Lien Termination Date has not occurred, the First Lien Agent shall have the exclusive right, subject to the rights of the Obligors under the First Lien Documents, to settle and adjust claims in respect of Collateral under policies of insurance and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Collateral.

• Subject to Section 5.4 and the terms of the Intercreditor Agreement, from and after the First Lien Termination Date, the Borrower may prepay any Loan, in whole or part, at any time without premium or penalty.

• Subject to the terms of the Intercreditor Agreement, from and after the First Lien Termination Date, the Borrower shall make each of the mandatory prepayments set forth in the following clauses (ii) through (vii) of this Section 2.10(b), in each case, unless otherwise required herein, in the manner set forth in clause (viii) of this Section 2.10(b).

More Definitions of First Lien Termination Date

First Lien Termination Date means the date on which all First Lien Obligations have been Paid in Full.

First Lien Termination Date means, subject to Section 5.6 of the Intercreditor Agreement, the date on which the Discharge of Senior Lender Claims occurs.

First Lien Termination Date means the date that the First Lien Credit Agreement has been terminated and the security interest in the Collateral (as defined in the First Lien Credit Agreement) has been automatically released in accordance with Section 12.11 of the First Lien Credit Agreement.

First Lien Termination Date means, subject to Section 5.7 of the Second Lien Intercreditor Agreement, the date on which the Discharge of Senior Lender Claims occurs; provided that if, at any time after the First Lien Termination Date, the Discharge of Senior Lender Claims is deemed not to have occurred pursuant to Section 5.7 of the Second Lien Intercreditor Agreement, the First Lien Termination Date shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of incurrence and designation of any new Senior Lender Claims as a result of the occurrence of such first Discharge of Senior Lender Claims).

First Lien Termination Date has the meaning assigned in the Intercreditor Agreement.

First Lien Termination Date means the date on which all First Lien Debt have been Discharged.

First Lien Termination Date means the first date on which the First Lien Pledge Agreement terminates pursuant to Section 6.16 thereof.