Senior Loan Termination Date definition

Senior Loan Termination Date means with respect to any Senior Obligations, the date on which such Obligations have been Paid In Full.
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Senior Loan Termination Date means the date that Senior Agent, on account of the Senior Lender, has received indefeasible payment in full in cash, other immediately available funds or other consideration acceptable to Senior Agent of all of the Senior Debt and on which Senior Lenders shall have no further obligation to make any loans or advances under the Senior Loan Documents and such Senior Loan Documents have been terminated. In the event that any Senior Lender Party is required by a decision of a court of competent jurisdiction (or by another governmental authority in a decision tantamount thereto) to return any payments received by it in respect of the Senior Debt after it had otherwise received payment in full, the Senior Debt to which such payment had been applied shall be reinstated as if it had never been repaid and a Senior Loan Termination Date shall not be deemed to have occurred (in which case, any actions taken hereunder as a result of the occurrence of the Senior Loan Termination Date shall be reversed and unwound retroactively).
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Senior Loan Termination Date the date (after the date of the execution of the Senior Loan Agreement) on which all of the “Obligations” under and as defined in the Senior Loan Agreement (other than contingent indemnification obligations for which no underlying claim has been asserted) have been paid, performed or discharged in full (with all such obligations consisting of monetary or payment obligations having been paid in full in cash) and no Senior Lender has any obligations to make advances or other extensions of credit thereunder or in connection therewith.
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Examples of Senior Loan Termination Date in a sentence

  • All net proceeds of any Senior Collateral received by the Senior Agent after the Senior Loan Termination Date shall be forthwith paid over, in the funds and currency received (with any necessary endorsements), to the Junior Creditors for application to the Junior Obligations.

  • After the Senior Loan Termination Date, distributions may be made to the Members in respect of their Interests solely to the extent approved by the Credit Committee or as otherwise provided pursuant to Section 12.2. Distributions to the Members in respect of their Interests shall be made, subject to Section 6.4, pro rata and pari passu in accordance with their respective Aggregate Percentage Interests (and ratably in accordance with the Classes of Interests).

  • In addition to and not in limitation of the foregoing, Junior Creditor shall not commence, or join with any other Person in commencing, any Insolvency Proceeding prior to the Senior Loan Termination Date.

  • Until the Senior Loan Termination Date, distributions shall be made to the Members in respect of their Interests solely from amounts on deposit in the Equity Proceeds Account and to the extent permitted under the terms of the Senior Loan Agreement.

  • For avoidance of any doubt, this Section 3.12 shall terminate following the Senior Loan Termination Date.

  • This Subordination Agreement is a continuing agreement and shall remain in full force and effect until the Senior Loan Termination Date (subject to the reinstatement provisions set forth in Section 1.21 hereof).

  • To the fullest extent permitted by law, each Member and each Manager hereby covenants and agrees (or shall be deemed to have hereby covenanted and agreed) that, until the Senior Loan Termination Date, such Member and such Manager will not consent to, or make application for, or institute or maintain any action for, the dissolution of the Company under Section 18-801 or 18-802 of the Company Act or otherwise.

  • Specifically, it looks at: • Children’s ECEC attendance in the first 18 months of the pandemic (up to December 2021), and how attendance compares to what we might have expected had the pandemic not occurred.

Related to Senior Loan Termination Date

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Liquidity Termination Date means the earlier to occur of the following:

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Lease Termination Date means the last day of the Lease Term.

  • Accretion Termination Date As defined in the Series Supplement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Plan Termination Date means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board pursuant to Section 15 hereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Bankruptcy Coverage Termination Date The point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Scheduled Commitment Termination Date means April 16, 2024.

  • Accrual Termination Date Not applicable.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Event Termination Date See Section 2(e) hereof.