Senior Discharge Date definition

Senior Discharge Date means the first date on which all of the Senior Debt (other than contingent indemnification obligations) has been paid indefeasibly in full in cash and all commitments of Senior Lenders under the Senior Loan Documents have been terminated.

Senior Discharge Date means the date on which the Senior Agent is satisfied that all of the Senior Debt and the Hedging Debt has been irrevocably paid and discharged and all Commitments of the Senior Creditors and all obligations of the Hedging Banks under the Hedging Documents have been terminated.

Senior Discharge Date has the meaning set forth in Section 2.

Examples of Senior Discharge Date in a sentence

• The Issuer shall upon divestment of the New Sälen Project, provided that the Super Senior Discharge Date has occurred, ensure that an amount equal to sixty-seven (67) per cent.

• Subordinated Creditors Subject to Clause 5.7 (Permitted Enforcement: Subordinated Creditors), none of the Subordinated Creditors shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date.

• Subject to Clause 3.8 (Permitted Enforcement: Ancillary Lenders) and Clause 3.9 (Permitted Enforcement: Super Senior Facility Lenders), prior to the Senior Discharge Date, none of the Super Senior Facility Lenders shall be entitled to take any Enforcement Action in respect of any of the Super Senior Liabilities owed to it (unless at the time for any reason the only outstanding Senior Liabilities are Super Senior Liabilities).

• Prior to the Senior Discharge Date, the Subordinated Creditors may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from (or over the assets of or over the shares in) any Debtor in respect of the Subordinated Liabilities unless that Security, guarantee, indemnity or other assurance against loss is expressly permitted by the Senior Term Facilities Agreement or the consent of the Instructing Group is obtained.

• Notwithstanding any agreement to the contrary, each of the Debtors and the Subordinated Creditors consents, until the Senior Discharge Date, to the disclosure by any Senior Creditor and the Security Agent to each other (whether or not through a Agent or the Security Agent) of such information concerning the Debtors and the Subordinated Creditors as any Senior Creditor or the Security Agent shall see fit.

More Definitions of Senior Discharge Date

Senior Discharge Date means the date on which all Senior Secured Obligations have been fully and indefeasibly discharged in full.

Senior Discharge Date has the meaning given to that term in the Intercreditor Agreement.

Senior Discharge Date means the first date on which each of the Senior Creditor Discharge Date, the Senior Notes Discharge Date and the Permitted Senior Financing Discharge Date has occurred.

Senior Discharge Date means the date on which all amounts outstanding under the Senior Facility Agreement have been discharged in full.

Senior Discharge Date means the date on which all Senior Indebtedness has been fully discharged and all commitments of the Holders of Senior Indebtedness to the Issuer have been terminated or cancelled in accordance with the Senior Permitted Debt Documents (including, but not limited to, any commitment or other obligation of a Secured Hedging Counterparty under a Secured Hedging Agreement).

Senior Discharge Date means, generally, the first date on which all Senior Liabilities have been fully and finally discharged to the satisfaction of each Senior Agent (in the case of the Senior Lender Liabilities) and each Hedge Counterparty (in the case of its Hedging Liabilities), whether or not as the result of an enforcement, and the Senior Creditors (in that capacity) are under no further obligation to provide financial accommodation to any of the Debtors under the Debt Documents.

Senior Discharge Date means the first date on which: