Mezzanine Discharge Date definition

Mezzanine Discharge Date means the date on which all of the Mezzanine Liabilities have been irrevocably and unconditionally discharged in full and all commitments of the Mezzanine Lenders under the Mezzanine Financing Documents have been cancelled;
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Mezzanine Discharge Date means the date on which all Mezzanine Liabilities have been fully paid and discharged to the satisfaction of the Mezzanine Agent (acting reasonably), whether or not as a result of an enforcement.
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Mezzanine Discharge Date means the date on which all Mezzanine Debt has been fully discharged and all commitments of the Mezzanine Finance Parties to the Obligors have expired in accordance with the Mezzanine Finance Documents;
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Examples of Mezzanine Discharge Date in a sentence

  • Waivers, consents or amendments to or in relation to this deed not materially affecting the rights or obligations of a party to this deed may be agreed by Facility Agent (prior to the Senior Discharge Date), the Mezzanine Facility Agent (prior to the Mezzanine Discharge Date) and the Principal Borrower.

  • After the Priority Senior Discharge Date but until the Mezzanine Discharge Date, the Security Agent shall act in relation to the Security Documents in accordance with the instructions of the Mezzanine Facility Agent.

  • Enforcement after Mezzanine Discharge Date Subject to clause 11.4(b) after the Mezzanine Discharge Date and until after the Deferred Senior Discharge Date, the Security Agent shall act in relation to the Security Documents (and in relation to clauses 9.3 (Suspension of Permitted Payments of Intra-Group Debt) and 9.4 (Restriction on Enforcement Action in Relation to Intra-Group Debt)) in accordance with the instructions of the Majority Senior Creditors.

  • Until after the Final Discharge Date and the High Yield Notes Discharge Date, neither Gibco, Frenchco, Parent or any Subsidiary of Parent may take Enforcement Action in relation to any PECS Debt without the prior consent of the Mezzanine Facility Agent (prior to the Mezzanine Discharge Date), the Facility Agent (prior to the Senior Discharge Date) and the High Yield Notes Trustee (prior to the High Yield Notes Discharge Date).

  • After the Senior Discharge Date but until after the Mezzanine Discharge Date, the Security Agent shall act in accordance with the instructions of the Majority Mezzanine Lenders in relation to the Security Documents.

  • After the Mezzanine Discharge Date but until the Deferred Senior Discharge Date, the Security Agent shall act in relation to the Security Documents in accordance with the instructions of the Facility Agent.

  • Subject to clause 4.7 (Permitted Enforcement Action in Relation to Deferred Senior Debt), until after the Mezzanine Discharge Date, no Senior Finance Party may take Enforcement Action in relation to any Deferred Senior Debt without the prior consent of the Facility Agent.

Related to Mezzanine Discharge Date

  • Final Discharge Date means the date when all principal, interest and any other costs or outstanding amounts under the Senior Finance Documents have been irrevocably discharged in full and all commitments of the Secured Parties under the Senior Finance Documents have expired, been cancelled or terminated.

  • Senior Discharge Date means the first date on which all of the Senior Debt (other than contingent indemnification obligations) has been paid indefeasibly in full in cash and all commitments of Senior Lenders under the Senior Loan Documents have been terminated.

  • Discharge Date means the date on which the Obligations have been unconditionally and irrevocably paid in full and all Letters of Credit terminated or Cash Collateralized, except for contingent obligations under the Loan Documents which by their terms survive.

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

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in Section 5.7 below, 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 Senior Lender Claims 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 Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other Senior Lender Claims 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 Senior Lender Claims that constitute an exchange or replacement for or a refinancing of such Obligations or Senior Lender Claims. In the event the Senior Lender Claims are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the Senior Lender Claims 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.

  • Second Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes and the Class B Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes and the Class B Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date.

  • Note Date Debt Ratio: City: Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Lien Pos: 9057985 180 09 $149,100.00 $37,300.00 806 0391718905 3 177 1 $186,500.00 5/26/2004 26 Kennesaw GA 30152 01 7.250 100 $00,000.00 0/00/2019 2 9094431 180 14 $156,000.00 $19,500.00 745 0391730744 3 177 1 $195,000.00 5/26/2004 36 Woodbine GA 31569 01 6.750 90 $00,000.00 0/00/2019 2 9081211 180 14 $169,600.00 $42,400.00 774 0391718095 3 177 1 $212,000.00 5/26/2004 35 Phoenix AZ 85028 01 6.750 100 $00,000.00 0/00/2019 2 9080223 180 09 $223,344.00 $40,000.00 651 0391728367 3 177 1 $355,000.00 5/26/2004 27 Englewood CO 80111 02 6.250 75 $00,000.00 0/00/2019 2 9057981 180 09 $155,900.00 $38,950.00 681 0391719184 3 177 1 $194,900.00 5/26/2004 45 Acworth GA 30101 01 8.000 100 $00,000.00 0/00/2019 2 9080215 180 14 $88,000.00 $22,000.00 725 0391728300 3 177 1 $110,000.00 5/26/2004 41 Hutchinson MN 55350 01 7.250 100 $00,000.00 0/00/2019 2 9057979 180 09 $136,000.00 $17,000.00 783 0391719952 3 177 1 $170,000.00 5/26/2004 24 Orlando FL 32820 01 6.750 90 $00,000.00 0/00/2019 2 9076835 180 14 $82,000.00 $45,000.00 $332.86 697 0391714466 1 177 1 $245,000.00 5/26/2004 50 RENO NV 89509 01 5.750 52 $00,000.00 0/00/2019 2 9095167 180 14 $91,900.00 $22,950.00 684 0391721727 3 177 1 $114,900.00 5/26/2004 46 Carlton GA 30646 01 8.000 100 $00,000.00 0/00/2019 2 9074001 180 04 $285,000.00 $37,500.00 757 0391724937 3 177 1 $375,000.00 5/26/2004 49 Santa Clarita CA 91351 01 7.630 86 $00,000.00 0/00/2019 2 9074033 180 09 $568,000.00 $71,000.00 720 0391724432 3 177 1 $710,000.00 5/26/2004 34 Ponte Vedra FL 32082 01 6.250 90 $00,000.00 0/00/2019 2 9074073 180 09 $312,000.00 $39,000.00 725 0391724234 3 177 1 $395,000.00 5/26/2004 42 Miramar FL 33027 01 6.250 89 $00,000.00 0/00/2019 2 9087889 180 14 $151,900.00 $37,950.00 681 0391731221 3 177 1 $189,900.00 5/26/2004 47 Phoenix AZ 85015 01 8.500 100 $00,000.00 0/00/2019 2 9087489 180 14 $300,000.00 $56,000.00 649 0391722642 3 177 1 $375,000.00 5/26/2004 37 Tucson AZ 85711 01 8.630 95 $00,000.00 0/00/2019 2 9125295 180 RFC01 $103,720.00 $25,930.00 761 0391745262 3 177 1 $129,650.00 5/26/2004 43 Frederick CO 80530 01 7.250 100 $00,000.00 0/00/2019 2 9040273 180 14 $148,000.00 $37,000.00 768 0391715307 3 177 1 $185,000.00 5/26/2004 26 Lawrenceville GA 30043 01 7.250 100 $00,000.00 0/00/2019 2 9040267 180 09 $204,000.00 $25,500.00 743 0391716289 3 177 3 $255,000.00 5/26/2004 18 Pembroke Pines FL 33028 01 7.500 90 $00,000.00 0/00/2019 2 9085667 300 14 $555,000.00 $70,000.00 $369.49 712 0391720125 2 297 1 $700,000.00 5/26/2004 41 NAPA CA 94558 01 6.750 90 $00,000.00 0/00/2029 2 9088387 180 04 $138,150.00 $25,900.00 716 0391719804 3 177 1 $172,700.00 5/26/2004 39 Minneapolis MN 55403 01 7.000 95 $00,000.00 0/00/2019 2 9183411 180 14 $139,100.00 $34,800.00 702 0391766086 3 177 1 $173,900.00 5/26/2004 39 Largo FL 33773 01 8.000 100 $00,000.00 0/00/2019 2 9085675 180 14 $320,000.00 $100,000.00 $739.69 712 0391717485 3 177 1 $525,000.00 5/26/2004 38 SEATTLE WA 98112 01 5.630 80 $000,000.00 0/00/2019 2

  • First Priority Principal Distributable Amount With respect to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate outstanding principal balance of the Class A Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes on such preceding Distribution Date) over (ii) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period.

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Priority Principal Distributable Amount means, with respect to any Distribution Date, the excess, if any, of the Note Balance of the Class A Notes as of the day preceding such Distribution Date over the Pool Balance as of the last day of the preceding Collection Period; provided, however, that the Priority Principal Distributable Amount for each Distribution Date on and after the Class Final Distribution Date for any Class of Class A Notes shall equal the greater of (i) the amount otherwise calculated pursuant to this definition and (ii) the outstanding principal balance of the Class A Notes of such Class as of the day preceding such Distribution Date.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • 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.

  • Second Priority Principal Payment means, for a Payment Date, the greater of:

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Default Under First Lien With respect to each Second Lien Loan, the related First Lien Loan related thereto is in full force and effect, and there is no default, breach, violation or event which would permit acceleration existing under such first Mortgage or Mortgage Note, and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would permit acceleration thereunder;

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

  • Third Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes, the Class B Notes and the Class C Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the sum of (a) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date and (b) the Second Priority Principal Distributable Amount, if any, with respect to such Distribution Date.

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

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Indenture Default With respect to any Indenture, means any Event of Default (as such term is defined in such Indenture).

  • Second Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date), over (ii) the Adjusted Pool Balance for such Payment Date minus (b) the First Priority Principal Distribution Amount for such Payment Date; provided, however, that the Second Priority Principal Distribution Amount on the Class B Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.