Senior Discharge Date definition

Senior Discharge Date means the first date on which all of the Senior Debt (other than contingent indemnification obligations) has been paid indefeasibly in full in cash and all commitments of Senior Lenders under the Senior Loan Documents have been terminated.
Senior Discharge Date has the meaning set forth in Section 2.
Senior Discharge Date means the date on which all Senior Secured Obligations have been fully and indefeasibly discharged in full.

Examples of Senior Discharge Date in a sentence

  • This Agreement shall remain in full force and effect until the Senior Discharge Date, notwithstanding the occurrence of an Insolvency Event.

  • Until the Senior Discharge Date, and whether or not any Insolvency Event has occurred, Subordinated Creditor will not accelerate the maturity of all or any portion of the Subordinated Debt, enforce, attempt to enforce, or exercise any right or remedy with respect to any Collateral [(including the Subordinated Collateral)] or the Subordinated Debt, or take any other Enforcement Action with respect to the Subordinated Debt [or the Subordinated Collateral].

  • This Agreement shall remain effective until the Senior Discharge Date.

  • All realizations upon any Collateral pursuant to or in connection with an Enforcement Action, an Insolvency Event or otherwise shall be paid or delivered to the Senior Agent in respect of the Senior Debt until the Senior Discharge Date before any payment may be made to Subordinated Creditor.

  • Until the Senior Discharge Date, in the event of any private or public sale or other disposition of all or any portion of the Collateral, WCAS agrees that such Collateral shall be sold or otherwise disposed of free and clear of any liens in favor of WCAS in respect of the Subordinated Debt Documents.


More Definitions of Senior Discharge Date

Senior Discharge Date means the first date on which all Senior Liabilities have been fully and finally discharged to the satisfaction of the Required Senior Lenders, whether or not as the result of an enforcement, and the Senior Creditors are under no further obligation to provide financial accommodation to any of the Debtors under the Debt Documents.
Senior Discharge Date means the date on which all amounts outstanding under the Senior Facility Agreement have been discharged in full.
Senior Discharge Date has the meaning given to it in the Intercreditor Agreement.
Senior Discharge Date means the date on which all Senior Indebtedness has been fully discharged and all commitments of the Holders of Senior Indebtedness to the Issuer have been terminated or cancelled in accordance with the Senior Permitted Debt Documents (including, but not limited to, any commitment or other obligation of a Secured Hedging Counterparty under a Secured Hedging Agreement).
Senior Discharge Date means the date on which all Senior Debt has been fully discharged and all commitments of the Finance Parties to the Obligors have expired in accordance with the Senior Finance Documents;