Guaranty Termination Date definition

Guaranty Termination Date means the date on which Borrower shall have no further right to receive any financial accommodations under the Credit Agreement and all Obligations under the Credit Agreement and the Guaranty Obligations shall have been completely satisfied.

Guaranty Termination Date means the date on which Substantial Completion has occurred and all costs, expenses and liabilities incurred in connection therewith (including, without limitation, for labor, materials and services) have been paid in full (except to the extent to be paid for from Retainage or other sums are then held or reserved by Senior Lender but not yet disbursed in accordance with the Building Loan Agreement).

Guaranty Termination Date means the earlier of: (aa) if Earn-Out Amount payments equal, in the aggregate, to the Earn-Out Amount Cap have been made in accordance with Section 2.03(b) and (c), the date of the last such payment (including by the issuance of Qualified MSG Stock or Qualified Successor Stock, if applicable), (bb) the 30th day following delivery to Parent of the applicable consolidated financial statements of the Company and its Subsidiaries for the Year 5 TTM Period if an Earn-Out Qualification has not been achieved in respect of any prior TTM Period in accordance with Section 2.03(b) and (c), or (cc) if an Earn-Out Qualification has been achieved in accordance with Section 2.03(b) and (c) but not paid prior to the date referred to in clause (bb) above, the date the applicable Earn-Out Amount payable in respect of such Earn-Out Qualification in accordance with Section 2.03(b) and (c) is paid in full in accordance with Section 2.03(b) and (c) (including by payment of the Earn-Out Guarantor or issuance of Qualified MSG Stock or Qualified Successor Stock, if applicable).

Examples of Guaranty Termination Date in a sentence

• As used herein, the term “Covenant Termination Date” shall mean the earliest to occur of (1) the Guaranty Termination Date, (2) October 6, 2023, and (3) the first day on which (x) the Total Net Leverage Ratio of the Guarantor is less than or equal to 5.00:1.00 and (y) the EBITDAR to Rent Ratio is equal to or greater than 3.00:1.00.

• If any amount shall be paid to Guarantor on account of any such reimbursement, indemnity, subrogation or contribution rights at any time prior to the Guaranty Termination Date when a Tenant Event of Default shall have occurred and be continuing, such amount shall be held in trust for Landlord and shall forthwith be paid over to Landlord to be credited and applied against the Obligations, whether matured or unmatured, in accordance with the terms of the Lease or any applicable security agreement.

• The subordination provisions of this Section 2.9 shall be effective regardless of whether demand has been made by Lender and shall remain in effect until the Guaranty Termination Date.

• Guarantor's obligation to deliver this information to Lender shall terminate on the Guaranty Termination Date.

• The rights of the Administrative Agent and the Lenders under this Completion Guaranty shall not be exhausted by any action by the Administrative Agent or any Lender until the earlier of (a) the Completion Guaranty Termination Date, or (b) the date upon which Obligations under the Loan Agreement have been paid and performed in full.

More Definitions of Guaranty Termination Date

Guaranty Termination Date means the date upon which payment of the latest maturing Note has occurred and the Indenture have been terminated in accordance with the terms thereof.

Guaranty Termination Date means the date on which all Guaranteed Obligations (other than the Obligations which expressly survive termination of the Credit Documents) have been paid in full.

Guaranty Termination Date means the date that the Guaranteed Obligations have been satisfied in full.

Guaranty Termination Date is defined in Section 11.7

Guaranty Termination Date means subject to reinstatement as provided in Section 4.14, the latest to occur of the date upon which (i) the Obligations to LLCP with respect to the April 1999 Note shall cease to be outstanding or the Guaranty with respect to the April 1999 Note has earlier terminated as specified in Section 4.11, (ii) the Stanwich Investment Obligation has been fulfilled in full, or (iii) the Guaranteed Covenants have been satisfied by the applicable Guarantor.

Guaranty Termination Date means the date, if any, on which each Subsidiary Guaranty is terminated in accordance with the proviso to clause (a) of Section 14 thereof.

Guaranty Termination Date means the earlier of: (i) the date on which Substantial Completion of the Buildings has occurred and all costs, expenses and liabilities incurred in connection therewith (including, without limitation, for labor, materials and services) have been paid in full (except to the extent to be paid for from retainage), or (ii) the date upon which Guarantor has satisfied the condition contained in Section 3(ii)(w) of the Escrow Agreement, or (iii) the date on which BPCA draws on the Pre-Lease Letter of Credit (as such term is defined in that certain letter agreement, dated as of February 28, 1999, between BPCA and Operator).