Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

Discharge of Senior Obligations means the date on which the Discharge of Senior Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

Discharge of Senior Obligations means the date on which each Senior Facility has been Discharged.

Examples of Discharge of Senior Obligations in a sentence

Subject to Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred.
The Championship Draw is a random draw done by the championship referee once local league competition is completed and rosters for State Championship entry are received.
Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred.
Until the Discharge of Senior Obligations has occurred, each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding or take any action in derogation thereof, in each case in respect of any Shared Collateral, without the prior written consent of the Designated Senior Representative.
The Junior Lien Collateral Trustee, on behalf of itself and each other Junior Priority Party, hereby agrees not to assert any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred.

More Definitions of Discharge of Senior Obligations

Discharge of Senior Obligations means, except to the extent otherwise expressly provided in Section 5.06:

Discharge of Senior Obligations shall have the meaning as defined in the Term Intercreditor Agreement.

Discharge of Senior Obligations means the date on which the Discharge of Senior Obligations has occurred.

Discharge of Senior Obligations has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement.

Discharge of Senior Obligations means, with respect to any Collateral, the Discharge of Obligations constituting Senior Obligations with respect to such Collateral. The parties hereto acknowledge that (a) with respect to the ABL Liens on the Term Priority Collateral and the ABL Obligations insofar as they are secured by such Liens, a Discharge of Senior Obligations shall mean a Discharge of the Term Obligations and (b) with respect to the Term Liens on the ABL Priority Collateral and the Term Obligations insofar as they are secured by such Liens, the Discharge of Senior Obligations shall mean a Discharge of the ABL Obligations.