Superior Release Effective Date definition

Superior Release Effective Date has the meaning ascribed thereto in the Fourth Amendment.
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Examples of Superior Release Effective Date in a sentence

  • For the avoidance of doubt, the Fourth Amendment expressly permits the termination of the Pledge Agreement effective as of and upon the occurrence of the Superior Release Effective Date, if any, in accordance with the Fourth Amendment.

  • For the avoidance of doubt, the Fourth Amendment expressly permits the release and discharge of each Person constituting Superior and their respective Subsidiaries as Subsidiary Guarantors effective as of and upon the occurrence of the Superior Release Effective Date, if any, in accordance with the Fourth Amendment.

  • As of the Fourth Amendment Effective Date, and until the earlier to occur of either the next Determination Date or the occurrence of the Superior Release Effective Date (if any) in accordance with the Fourth Amendment: (a) the Total Commitment is $475,000,000; and (b) the Maximum Credit Amount is also $475,000,000.

  • Each Lender shall have the Commitment set forth opposite that Lender's name on the applicable replacement Schedule 2, for the following periods of time: (i) from the Fourth Amendment Effective Date until the earlier to occur of the next Determination Date or the Superior Release Effective Date (as defined below); and (ii) on and from the Superior Release Effective Date until the next Determination Date to occur thereafter.

  • Without limitation of any of the foregoing, from and after the occurrence of the Superior Release Effective Date, if any, in accordance with the Fourth Amendment, and until the next Determination Date to occur thereafter, the Borrowing Base shall automatically, and without any further action or documentation being required from or by any Person, be hereby reduced to $425,000,000.

  • From the Fourth Amendment Effective Date, and until the earlier to occur of the next Determination Date or the Superior Release Effective Date, the reference in Section 2.6.1 of the Existing Credit Agreement and elsewhere in the Existing Credit Agreement or any other Loan Document to a Borrowing Base of "$475,000,000" is hereby deleted and replaced with "$525,000,000", subject, however, to all applicable terms, conditions and limitations set forth in the Credit Agreement.