Security Discharge Date definition

Security Discharge Date means the date on which (a) all outstanding Commitments (as defined in the Credit Agreement) have been terminated and (b) all amounts payable in respect of the Obligations have been irrevocably and indefeasibly paid in full in cash (other than obligations under the Financing Documents that by their terms survive and with respect to which no claim has been made by the Senior Secured Parties).
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Security Discharge Date means the earlier of: Misys Plc is a member of the Misys group of companies Registered in England, No. 01360027 Registered Office: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇ ▇▇▇ ND: 4813-6730-2662, V. 1
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Security Discharge Date means the time at which Zongshen tenders receipt of payment by EMV for the prototype mold at the end of the 6 month period, as contemplated by the MOU.
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Examples of Security Discharge Date in a sentence

  • The Borrower agrees with each Senior Secured Party that, until the Security Discharge Date, the Borrower will perform the obligations set forth in this Section 7.01.

  • The Borrower agrees with each Senior Secured Party that, until the Security Discharge Date, the Borrower will perform the obligations set forth in this Section 7.02.

  • The Security Sharing Agreement will apply from the date of signature through to the Security Discharge Date as regards the Security except that it will cease to apply to Non-Shared Security after the Term Date (unless a default under the SCA is outstanding at such date) or if all obligations in respect of the USPP have not been unconditionally paid or discharged in full.

  • Until the Security Discharge Date, the Borrower shall cause all Insurance Proceeds and all Condemnation Proceeds with respect to any Aberdeen Plant to be deposited in or credited to the Aberdeen Insurance and Condemnation Proceeds Account, and with respect to the Huron Plant to be deposited in or credited to the Huron Insurance and Condemnation Proceeds Account.

  • Until the Security Discharge Date, the Borrower shall cause (i) all proceeds of asset disposals (other than proceeds from the sale of Products) that will not be used for replacement in accordance with Section 7.02(f)(i) (Negative Covenants — Asset Dispositions) of the Credit Agreement and (ii) all Project Document Termination Payments to be deposited into the Extraordinary Proceeds Account.

  • Any amount paid to the Pledgor on account of any such subrogation rights prior to the Security Discharge Date shall be held in trust for the benefit of the Collateral Agent and shall immediately thereafter be paid to the Collateral Agent, for the benefit of the Senior Secured Parties.

  • Until the Security Discharge Date, the Security Agent and /or the Majority Secured Creditors shall have the exclusive right to enforce the Shared Security and to give instructions to the Security Agent to do the same, irrespective of whether any event of default or declared default has occurred under any Facility.

  • The Pledgor shall, until the Security Discharge Date, defend its title to the Collateral and the interest of the Collateral Agent (for the benefit of itself and the other Senior Secured Parties) in the Collateral pledged hereunder against the claims and demands of all other Persons.

  • The obligations of the Borrower under this Section 3.1.2 shall survive the termination of this Loan Guarantee Agreement and Security Discharge Date.

  • The Borrower shall maintain in full force and effect at all times on and after the Closing Date (unless otherwise specified below) and continuing through the Security Discharge Date (unless otherwise specified below) the following insurance policies with limits and coverage provisions sufficient to satisfy the requirements set forth in each of the Project Contracts, but in no event less than the limits and coverage provisions set forth below.


More Definitions of Security Discharge Date

Security Discharge Date means the date on which (i) all outstanding DOE Credit Facility Commitments have been terminated and (ii) all amounts payable in respect of the Secured Obligations have been paid in full in cash (other than inchoate indemnity obligations and other obligations under the DOE Loan Documents that by their terms survive and with respect to which no claim has been made by the Secured Parties).
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