Payment in Full Date definition
Payment in Full Date means the date on which a Payment in Full occurs or the Indenture is otherwise satisfied and discharged in accordance with its terms.
Payment in Full Date means the date on which all Obligations (other than (i) any Secured Bank Product Obligations and (ii) any contingent indemnification obligations or other contingent obligations not then due and payable) have been paid in full, all Commitments have terminated or expired and no Letter of Credit is outstanding (other than any Letter of Credit that is (x) Cash Collateralized by Cash Collateral held in the LC Collateral Account, in the name of the applicable Administrative Agent and for the benefit of the applicable Issuing Bank, in an amount equal to 103.0% of the LC Exposure with respect to such Letter of Credit or (y) backstopped on terms reasonably satisfactory to the applicable Issuing Bank).
Payment in Full Date means the date on which all Obligations (other than (i) any Secured Bank Product Obligations and (ii) any contingent indemnification obligations or other contingent obligations not then due and payable) have been paid in full, all Commitments have terminated or expired and no Letter of Credit is outstanding (other than any Letter of Credit that is (x) Cash Collateralized by Cash Collateral held in the LC Collateral Account, in the name of the Administrative Agent and for the benefit of the applicable Issuing Bank, in an amount equal to 103.0% of the LC Exposure with respect to such Letter of Credit or (y) backstopped on terms reasonably satisfactory to the applicable Issuing Bank).
Examples of Payment in Full Date in a sentence
Until the Payment in Full Date, this Credit Party Guarantee is a continuing one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon.
The Borrower hereby certifies to the Collateral Agent and the Facility Agent that the Borrower will have sufficient funds on the Payment in Full Date to effect the contemplated Payment in Full and termination of the Commitments in accordance with the Credit Agreement and this letter agreement.
The payment obligation of a Borrower to any Excess Funding Borrower under this Section shall be subordinate and subject in right of payment to the prior payment in full of all obligations of the Borrowers to the Lenders and the Administrative Agent hereunder and under the other Loan Documents, and such Excess Funding Borrower shall not exercise any right or remedy with respect to such excess until the Payment in Full Date.
Nokia further covenants and agrees that after the Payment in Full Date, it shall, upon request and without further consideration, promptly execute and deliver to Purchaser any and all other documents and materials, and take any and all reasonable further actions, that are reasonably necessary for Purchaser to perfect its title in the Assigned Patents.
The Borrower hereby certifies to the Trustee and the Administrative Agent that the Borrower will have sufficient funds on the Payment in Full Date to effect the contemplated Payment in Full and termination of the Commitments in accordance with the Credit Agreement and this letter agreement.
More Definitions of Payment in Full Date
Payment in Full Date means the date on which all Indenture Obligations (other than any contingent obligations or contingent indemnification obligations not then due) are paid in full.
Payment in Full Date has the meaning assigned to such term in Section 9.14(d).
Payment in Full Date means the date on which a Payment in Full occurs or the Indenture is otherwise satisfied and discharged in accordance with its terms. “Permitted Liens” means, with respect to the interest of the Seller and the Buyer in the Collateral Obligations, as applicable: (i) security interests, liens and other encumbrances in favor of the Buyer pursuant to this Agreement, (ii) security interests, liens and other encumbrances in favor of the Collateral Trustee created pursuant to the Indenture and/or this Agreement, (iii) with respect to agented Collateral Obligations, security interests, liens and other encumbrances in favor of the lead agent, the collateral agent or the paying agent on behalf of all holders of indebtedness of such Obligor under the related facility, (iv) with respect to any Equity Security, any security interests, liens and other encumbrances granted on such Equity Security to secure indebtedness of the related Obligor and/or any security interests, liens and other rights or encumbrances granted
Payment in Full Date shall have the meaning set forth in Section 3.1.
Payment in Full Date shall have the meaning set forth in Section 3.1. Portions of this Exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Exchange Act of 1934, as amended.
Payment in Full Date means the first date that (i) all Commitments have terminated, (ii) all Letters of Credit have expired or been cancelled, replaced, backstopped with a reasonably acceptable letter of credit to the reasonable satisfaction of the LC Issuer (and to the reasonable satisfaction of Administrative Agent solely to the extent Administrative Agent has provided a Support Agreement with respect to such Letter of Credit) or cash collateralized or subject to any other arrangement satisfactory to the LC Issuer (and Administrative Agent solely to the extent Administrative Agent has provided a Support Agreement with respect to such Letter of Credit), and (iii) all Obligations payable by the Borrowers and the Guarantors under this Agreement and all other Credit Documents shall have been paid in full in cash, other than (a) unasserted contingent indemnification obligations, (b) unasserted expense reimbursement obligations, and (c) Obligations under Swap Contracts that are not yet due and payable as to which other arrangements reasonably satisfactory to the relevant Eligible Swap Counterparty shall have been made.
Payment in Full Date means the date on which a Payment in Full occurs or the Indenture is otherwise satisfied and discharged in accordance with its terms. “Permitted Liens” means, with respect to the interest of the Seller and the Buyer in the Collateral Obligations, as applicable: (i) security interests, liens and other encumbrances in favor -3- of the Buyer pursuant to this Agreement, (ii) security interests, liens and other encumbrances in favor of the Trustee created pursuant to the Indenture and/or this Agreement, (iii) with respect to agented Collateral Obligations, security interests, liens and other encumbrances in favor of the lead agent, the collateral agent or the paying agent on behalf of all holders of indebtedness of such Obligor under the related facility, (iv) with respect to any Equity Security, any security interests, liens and other encumbrances granted on such Equity Security to secure indebtedness of the related Obligor and/or any security interests, liens and other rights or encumbrances granted under any governing documents or other agreement between or among or binding upon the Buyer as the holder of equity in such Obligor and (v) security interests, liens and other encumbrances for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings promptly instituted and diligently concluded (provided that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have been made therefor). “Purchase” means the purchase or other acquisition of Collateral by the Buyer from the Seller pursuant to Section 2.01. “Purchase Price” has the meaning provided in Section 2.02. “Related Contracts” means all credit agreements, indentures, notes, security agreements, leases, financing statements, guaranties, and other contracts, agreements, instruments and other papers evidencing, securing, guaranteeing or otherwise relating to any Collateral Obligation or Eligible Investment or other investment with respect to any Collateral or proceeds thereof (including the related Underlying Instruments), together with all of the Seller’s right, title and interest in, to and under all property or assets securing or otherwise relating to any Collateral Obligation or Eligible Investment or other investment with respect to any Collateral or proceeds thereof or of any Related Contract. “Retained Fee” means any reasonable origination, structuring or similar closing fee...