Non-Contestable definition

Non-Contestable means the receipt of payment of the Notes or other satisfaction of all of the Obligations and the expiration of all periods of time within which a claim for the recovery of a preferential payment, or fraudulent conveyance, or fraudulent transfer, in respect of payments received by Administrative Agent or any Lender as to the Obligations could be filed or asserted with (i) no such claim having been filed or asserted, or (ii) if so filed or asserted, the final, non-appealable decision of a court of competent jurisdiction denying the claim or assertion.

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Non-Contestable means the receipt of payment of the Loan or other satisfaction of Obligations and the expiration of all periods of time within which a claim for the recovery of a preferential payment, or fraudulent conveyance, or fraudulent transfer, in respect of payments received by the Bank as to the Obligations could be filed or asserted with (A) no such claim having been filed or asserted, or (B) if so filed or asserted, the final, non-appealable decision of court of competent jurisdiction denying the claim or assertion.

Non-Contestable means the receipt of payment of the Loans or other satisfaction of all respective Obligations, the termination of all Commitments under the Credit Agreement, the expiration of all outstanding Letters of Credit (or granting of cash collateral with respect thereto on terms and conditions acceptable to the Issuing Lender in its sole discretion) and the expiration of all periods of time within which a claim for the recovery of a preferential payment, or fraudulent conveyance, or fraudulent transfer, in respect of payments received by Agent and the Lenders as to the Obligations could be filed or asserted with (A) no such claim having been filed or asserted, or (B) if so filed or asserted, the final, non-appealable decision of court of competent jurisdiction denying the claim or assertion.

Examples of Non-Contestable in a sentence

Non-Contestable Work and Services Work and/or Services which is the responsibility of the Water Company but may, at the sole discretion and consent of the Water Company, be undertaken by the SLP.
For the purposes of this Article 10, the following definitions shall apply: “Claim Expenses” are the reasonable fees of third party vendors utilized in connection with the investigation of a Contestable Claim and, with respect to Non-Contestable Claims, the investigation of a fraudulent claim or foreign death.
Except as may be otherwise specifically provided for in the Credit Agreement with respect to permitted Restricted Payments and repayment of permitted Indebtedness, any indebtedness of Borrower to New Grantor now or hereafter existing together with any interest thereon shall be, and such indebtedness is, hereby deferred, postponed and subordinated to the prior, full and Non-Contestable Payment and satisfaction of all Obligations of Borrower to the Lenders.
Except as may be otherwise specifically provided for in the Loan Agreement with respect to Permitted Distributions, any indebtedness of Borrower to any Guarantor, or to any affiliated entity, now or hereafter existing together with any interest thereon shall be, and such indebtedness is, hereby deferred, postponed and subordinated to the prior, full and Non-Contestable Payment and satisfaction of all Obligations of Borrower to the Agent and the Lenders.
Except as may be otherwise specifically provided for in the Loan Agreement with respect to Permitted Distributions, any indebtedness of Borrower to Guarantor, or to any affiliated entity, now or hereafter existing together with any interest thereon shall be, and such indebtedness is, hereby deferred, postponed and subordinated to the prior, full and Non-Contestable Payment and satisfaction of all Obligations of Borrower to the Agent and the Lenders.
Around the date of the Terms Letter, the Customer engaged the ICP to perform the Contestable Works and deliver the Contestable Assets required as the Customer has opted for NIE Networks to undertake only the Non-Contestable Works .
The Terms Letter governs (amongst other things) the performance of the Contestable Works and the delivery of the Contestable Assets by the Customer Counterparties, and obliges NIE Networks to perform certain Non-Contestable Works.
In consultation with the Customer, SA Power Networks will finalise a detailed construction program for performance and completion of the Non-Contestable Works, the Contestable Works, the Civil Works, the Customer Works and the Preliminary Works.
Also known as Non-Contestable Connections Services are those services which are necessary for the provision of a connection and in accordance with our Connection Charging Statement, cannot be provided by a person other than Scottish Hydro Electric Power Distribution plc or Southern Electric Power Distribution plc.
Except as may be otherwise specifically provided for in the Credit Agreement with respect to Permitted Distributions and repayment of Permitted Additional Debt, any indebtedness of Borrower to New Grantor now or hereafter existing together with any interest thereon shall be, and such indebtedness is, hereby deferred, postponed and subordinated to the prior, full and Non-Contestable Payment and satisfaction of all Obligations of Borrower to the Lenders.

More Definitions of Non-Contestable

Non-Contestable means work or services that only a Water or Sewerage Undertaker (or an agent acting on their behalf) can provide.