Reversion Date definition
Examples of Reversion Date in a sentence
All such further obligation to grant Notes Guarantees shall be reinstated upon the Reversion Date.
Any Affiliate Transaction entered into after the Reversion Date pursuant to an agreement entered into during any Suspension Period will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under Section 4.08(c)(6).
On the Reversion Date, the amount of Excess Proceeds shall be reset at zero.
On and after the Reversion Date, all Liens created during the Suspension Period will be considered Permitted Liens pursuant to clause (11) of the definition of Permitted Liens.
The Trustee will have no obligation to (i) independently determine or verify if such events have occurred, (ii) make any determination regarding the impact of actions taken during the Suspension Period on the Issuer’s future compliance with their covenants or (iii) notify the Holders of a Suspension Date or Reversion Date.