Term Obligations Payment Date definition

Term Obligations Payment Date means the first date on which (a) the Term Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full, (b) all commitments to extend credit under the Term Documents have been terminated, and (c) so long as the ABL Obligations Payment Date, Existing Indenture Obligations Payment Date or Additional Indenture Obligations Payment Date shall not have occurred, the Term Agent has delivered a written notice to the respective Representative stating that the events described in clauses (a) and (b), have occurred to the satisfaction of the Term Secured Parties.
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Term Obligations Payment Date means the date that all Term Loan Obligations and all Junior Term Loan Obligations have been paid in full in cash, and the Term Loan Documents and the Junior Term Loan Documents have been terminated, in each case pursuant to their terms.
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Term Obligations Payment Date means the first date on which (i) the Term Obligations (other than those that constitute unasserted contingent indemnification obligations) have been paid in cash in full (or cash collateralized or defeased in accordance with the terms of the Term Documents), (ii) the Term Documents have terminated and all commitments to extend credit under the Term Documents have been terminated and (iii) there are no outstanding Term Hedging Agreements or similar instruments issued under the Term Documents (other than such as have been cash collateralized or defeased in accordance with the terms of the Term Documents).
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Examples of Term Obligations Payment Date in a sentence

  • This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier to occur of the ABL Obligations Payment Date and the Term Obligations Payment Date.

  • Until the Term Obligations Payment Date, the ABL Agent agrees, for itself and on behalf of the other ABL Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof (including opposing any request by any Term Secured Party to seek relief from the automatic stay), in each case in respect of any Term Priority Collateral, without the prior written consent of the Term Agent.


More Definitions of Term Obligations Payment Date

Term Obligations Payment Date means the first date on which (a) the Term Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full, (b) all commitments to extend credit under the Term Documents have been terminated, and (c) so long as the Senior Obligations Payment Date or the Junior Obligations Payment Date shall not have occurred, the Term Agent has delivered a written notice to the applicable Representative(s) stating that the events described in clauses (a) and (b), have occurred to the satisfaction of the Term Secured Parties.
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Related to Term Obligations Payment Date

  • Term Obligations shall have the meaning set forth in the Intercreditor Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 18th day of each month or, if such day is not a Business Day, the immediately following Business Day; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement;

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

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

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Party A Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).