Vertex NV Ring Fence Termination Date definition

Vertex NV Ring Fence Termination Date means the date on which all of the following conditions are satisfied: (1) the Bango Acquisition has been consummated pursuant to Section 6.9(g)(i) with the consent of the Administrative Agent, (2) the Borrower has delivered the Vertex NV EBITDA Election Notice, (3) the Borrower has delivered financial statements to the Lenders pursuant to Section 5.1(a) for at least three full fiscal months ending after the Bango Acquisition, (4) the Vertex NV EBITDA for each of the three most recently ended fiscal months for which financial statements have been delivered pursuant to clause (3) above is positive, (5) the Leverage Ratio, measured as of the last day of the most recently ended fiscal month for which financial statements have been delivered pursuant to clause (3) above, is below 3.00:1.00, (5) no Default or Event of Default has occurred and is continuing or would result therefrom and (6) the Borrower has delivered to the Administrative Agent a certificate of its Authorized Officer certifying in reasonable detail (including as to the Leverage Ratio) that the foregoing conditions are satisfied, and the Administrative Agent shall have confirmed in writing that such conditions are satisfied.
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Examples of Vertex NV Ring Fence Termination Date in a sentence

  • Holdings will cause the Credit Parties not to commingle their funds or assets with those of Vertex Refining NV, which shall maintain separate books and records, assets and funds for all purposes, unless and until the Vertex NV Ring Fence Termination Date occurs.

Related to Vertex NV Ring Fence Termination Date

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

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

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

  • 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.

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

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

  • 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.

  • 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).

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

  • 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.

  • 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.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • 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.

  • Accretion Termination Date As defined in the Series Supplement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • 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).

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • 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.

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

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

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • 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.

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

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.