Release Date definition
Examples of Release Date in a sentence
The undertakings in this Clause 22 (Ship Undertakings) remain in force on and from the Release Date for each of Ship A and Ship B and the Utilisation Date of Ship C and Ship D and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.
The undertakings in this Clause 21 (Insurance Undertakings) remain in force from the Release Date for each of Ship A and Ship B and the Utilisation Date of Ship C and Ship D and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.
From and after the Closing Date until the Release Date, RYAM shall not permit the Consolidated Secured Net Leverage Ratio as of the last day of any Fiscal Quarter of RYAM to exceed the ratio set forth below for such Fiscal Quarter.
Each Borrower undertakes with each Creditor Party to comply with the following provisions of this Clause 13 (Insurance), from the Release Date and throughout the term of the Security Period, except as the Agent may, with the authority of the Majority Lenders, otherwise permit in writing.
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, each Loan Party hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the Release Date, including any such rights pursuant to Section 3.07.