Definition of Term Debt Collateral Release Date


Term Debt Collateral Release Date means the date on which the Administrative Agent releases its Liens in the Term Debt Priority Collateral and the Equity Interests issued by each Unrestricted Subsidiary (other than a Receivables Entity) under the terms of Section 9.02(d).
Sample 1

Examples of Term Debt Collateral Release Date in a sentence

With respect to the parcel of real property owned by a Loan Party that is required by any Term Debt Document be pledged to secure the Indebtedness thereunder prior to the Term Debt Collateral Release Date, the Administrative Agent shall have received each of the following, in form and substance reasonably satisfactory to the Administrative Agent, on or before the date such items are delivered under such Term Debt Document: (a) Mortgage.
Liens on the Collateral securing the Senior Secured Notes and the Rabobank Nederland Facility, and any extensions, renewals and replacements of any such Indebtedness in respect thereof in accordance with Section 6.01(f) occurring prior to the Term Debt Collateral Release Date, in each case, to the extent subject to the Intercreditor Agreement;(d) Existing.