Payment in Full of the Obligations definition

Payment in Full of the Obligations means (a) the payment in full in cash of all Loan Obligations (other than contingent indemnification claims for which no claim has been asserted), together with all accrued and unpaid interest and fees thereon, other than L/C Obligations that have been fully Cash Collateralized, (b) the Commitments shall have terminated or expired, and (c) the obligations and liabilities of each Loan Party under all Credit Product Arrangements constituting Secured Obligations, to the extent such obligations and liabilities are then due and outstanding as of the date clauses (a) and (b) preceding have been satisfied and the amount of such obligations and liabilities has been provided to Administrative Agent and Borrower Agent in writing by the applicable Credit Product Provider on or prior to such date, shall have been paid and satisfied in full or fully Cash Collateralized (other than contingent indemnification claims for which no claim has been asserted). “Paid in Full,” “paid in full,” “payment in full,” and “payment in full of the Obligations” have meanings correlative thereto.

Payment in Full of the Obligations shall have the meaning assigned to such term in Section 2.01(e).

Payment in Full of the Obligations means the payment in full of the Obligations as determined in accordance with Section 1.02(d).

Examples of Payment in Full of the Obligations in a sentence

The agreements contained in this Section shall survive any termination of this Agreement and the other Loan Documents and the Payment in Full of the Obligations.
TECHNICAL EVALUATION CRITERIA NoNoNo NOTE: Only Bidders who score 80 marks and above of the technical score shall proceed to the financial evaluation stage.
The obligations of the Credit Parties under clause (b) of the preceding sentence shall survive the Payment in Full of the Obligations.
The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until Payment in Full of the Obligations have been indefeasibly paid and performed in full.
Any claim which any Borrower may have against any other Borrower with respect to any payments to the Agents or the Lenders hereunder or under any other Loan Documents are hereby expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the Payment in Full of the Obligations.

Payment in Full of the Obligations means (a) the payment in full in cash of all Obligations (other than contingent indemnification claims for which no claim has been asserted), together with all accrued and unpaid interest and fees thereon, and (b) the Commitments shall have terminated or expired.

Payment in Full of the Obligations means the unconditional, final and irrevocable payment in full, in immediately available funds, of all of the Borrower Obligations or the Guarantor Obligations, as the case may be, in each case, unless otherwise specified, other than (i) Obligations in respect of any Specified Hedge Agreement or any outstanding Letters of Credit (as defined in the Credit Agreement), (ii) indemnification and other contingent obligations not then due and payable, and (iii) cash collateralization of any outstanding Letters of Credit (as defined in the Credit Agreement), in each case, in amounts and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Bank and the termination or expiration of all commitments to extend credit under the Credit Agreement. The expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein or in any other document with respect to the Borrower Obligations or the Guarantor Obligations shall have the correlative meanings.

Payment in Full of the Obligations means, as of any date of determination, that both (i) the Obligations (other than contingent indemnification and reimbursement obligations in respect of which no claim for payment has yet been asserted by the Person entitled thereto) are fully paid and satisfied, all letters of credit have been cancelled and returned to Bank or either (a) replaced by an irrevocable letter of credit, on terms acceptable to Bank, issued by a financial institution satisfactory to Bank or (b) cash collateralized, in each case, in an amount at least equal 105% of the then aggregate stated amount of all outstanding letters of credit and on terms satisfactory to Bank, and (ii) Bank has terminated the Revolving Commitment.

Payment in Full of the Obligations means the unconditional, final and irrevocable payment in full, in immediately available funds, of all of the Borrower Obligations or the Guarantor Obligations, as the case may be, in each case, unless otherwise specified, other than indemnification and other contingent obligations not then due and payable in amounts and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the termination or expiration of all commitments to extend credit under the Credit Agreement. The expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein or in any other document with respect to the Borrower Obligations or the Guarantor Obligations shall have the correlative meanings.

Payment in Full of the Obligations means, as of any date of determination, that (a) the Obligations (other than contingent indemnification and reimbursement obligations in respect of which no claim for payment has yet been asserted by the Person entitled thereto) are fully paid and satisfied, (b) all letters of credit, if any, have been cancelled and returned to Lender or either (i) replaced by an irrevocable letter of credit, on terms acceptable to Lender, issued by a financial institution satisfactory to Lender or (ii) cash collateralized, in each case, in an amount equal to at least one hundred five (105%) percent of the then aggregate stated face amount of all outstanding letters of credit and on terms satisfactory to Lender, and (c) all commitments to lend under the Loan Documents have been terminated.