Springing Maturity Date definition

Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

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Springing Maturity Date means the first Springing Maturity Test Date on which the Springing Maturity Condition is satisfied; provided that if the Springing Maturity Date would otherwise occur on a day which is not a Business Day, such Springing Maturity Date shall instead be deemed to be the immediately preceding Business Day.

Springing Maturity Date shall have the meaning specified in the definition of “Initial Revolving Credit Maturity Date.”

Examples of Springing Maturity Date in a sentence

• Without limiting the obligations of the Company set forth in Sections Section 4.06 and Section 4.08 of the Indenture or the application of a Springing Maturity Date, the Company is not required to make any mandatory redemption or sinking fund payments with respect to the Notes.

• As soon as a Springing Maturity Date is known, the Company shall deliver prompt written notice to the Holders and the Trustee of such date, which in all cases shall comply with the applicable procedures of the Depositary.

• Without limiting the obligations of the Company set forth in Section 4.06 and Section 4.08 or the application of a Springing Maturity Date, the Company is not required to make any mandatory redemption or sinking fund payments with respect to the Notes.

• For the avoidance of doubt, the Trustee and the Notes Collateral Agent shall have no obligation whatsoever to determine whether or not a Springing Maturity Date has occurred and shall not be deemed to have knowledge of the occurrence of a Springing Maturity Date unless and until notified in writing by the Company (including pursuant to Section 4.09).

• All Notes issued pursuant to a PIK Payment will mature on the Stated Maturity (including a Springing Maturity Date, if earlier) and will be governed by, and subject to the terms, provisions and conditions of the Indenture referred to below and shall have the same rights and benefits as the Notes issued on the Issue Date.

More Definitions of Springing Maturity Date

Springing Maturity Date means the date that is 91 days prior to the maturity date of the Senior Notes (or any Debt that refinances the Senior Notes in whole or in part).

Springing Maturity Date means the date that is fourteen (14) days after the “Termination Date” (as defined in the 2020 Term Loan Credit Agreement) or Payment in Full of the obligations under the 2020 Term Loan Credit Agreement occurs (other than in connection with any permitted Refinancing Indebtedness in respect thereof). The Borrower shall promptly notify the Agent and the Lenders upon the establishment of the Springing Maturity Date.

Springing Maturity Date means the 91st day prior to the Convertible Note Maturity Date.

Springing Maturity Date means the date that is 91 days before March 13, 2021.

Springing Maturity Date means February 1, 2021.

Springing Maturity Date means the date that is 181 days before the seventh anniversary of the Closing Date.

Springing Maturity Date means the date that is 91 days prior to the stated maturity date of (a) the 2022 Notes if, on such date, any such 2022 Notes remain outstanding or (b) the 2023 Notes if, on such date, any 2023 Notes remain outstanding; provided that the Springing Maturity Date shall not apply for any purpose under this Agreement if, on the applicable date, Borrower and its Restricted Subsidiaries have Liquidity (as defined below) of at least the sum of (x) the outstanding principal amount of the notes referred to above next maturing (and triggering such Springing Maturity Date) plus (y) $50,000,000. For purposes hereof, “Liquidity” shall mean, at any time, the sum of (i) the Unrestricted Cash Amount of the Borrower and its Restricted Subsidiaries and (ii)(A) the aggregate Revolving Credit Commitments of all Revolving Credit Lenders at such time over (B) the aggregate Total Revolving Outstandings at such time, provided that, with respect to this clause (ii), the conditions set forth in Sections 4.02(a) and (b) shall be satisfied at such time.