Common use of Winding up of trust Clause in Contracts

Winding up of trust. If the Security Agent, with the approval of each of the Agents, each Hedge Counterparty and each Operating Facility Lender, determines that (i) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (ii) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents:

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

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Winding up of trust. If the Security Agent, with the approval of each of the Agents, Agents and each Hedge Counterparty and each Operating Facility LenderCounterparty, determines that (ia) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (iib) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents:

Appears in 2 contracts

Samples: Intercreditor Agreement (B Communications LTD), Intercreditor Agreement (Internet Gold Golden Lines LTD)

Winding up of trust. (a) If the Security Agent, with the approval of each of the Agents, Agents and each Hedge Counterparty and each Operating Facility LenderCounterparty, determines that (i) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (ii) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Secured Debt Documents:

Appears in 1 contract

Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

Winding up of trust. If the Security Agent, with the approval of each of the Agents, each Hedge Counterparty and each Operating Facility Lender, determines that (i) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (ii) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents:

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

Winding up of trust. If the Security Agent, with the approval of each of the Agents, Senior Agent and each Hedge Counterparty and each Operating Facility LenderCounterparty, determines that (i) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (ii) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents, then:

Appears in 1 contract

Samples: Facilities Agreement (RISE Education Cayman LTD)

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Winding up of trust. If the Security Agent, with the approval of each of the Agents, each Hedge Counterparty and each Operating Facility Lender, determines that (ia) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (iib) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents:

Appears in 1 contract

Samples: Intercreditor Agreement

Winding up of trust. If the Security Agent, with the approval of each of the Agents, Agents and each Hedge Counterparty and each Operating Facility LenderCounterparty, determines that (i1) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (ii2) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor or Third Party Security Provider pursuant to the Debt Documents:: 152

Appears in 1 contract

Samples: Agreement (Liberty Global PLC)

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