Collateral Termination Date means the first date on which no Loan or Credit Extension is outstanding under the Credit Agreement, the Commitments have been terminated, and no other Obligations under any Loan Document remain unpaid or unsatisfied (other than any contingent indemnity obligations that, by their terms, survive the termination of the Credit Agreement).
Collateral Termination Date has the meaning set forth in Section 5.12(c).
Collateral Termination Date means the first date of the public announcement upon which all three Rating Agencies have Debt Ratings of at least BBB- or equivalent, provided that, if such date occurs before the Collateral Effective Date, then the Collateral Effective Date shall not occur notwithstanding any subsequent reduction in Debt Ratings.
Examples of Collateral Termination Date in a sentence
This authorization shall not be subject to stay or injunction or affected by the Cash Collateral Termination Date, conversion of the Chapter 11 Cases to chapter 7, dismissal of the Chapter 11 Cases, the appointment of a trustee or examiner or otherwise.
The Administrative Agent shall notify Borrowers and the Lenders of the occurrence of the Collateral Termination Date.
The term "Collateral Termination Date" shall mean the first date on which no Note or Letter of Credit is outstanding under the Credit Agreement, the Commitments have been permanently terminated and no other Obligation is due and payable thereunder or under any other Credit Document.
The Sale Order provided, inter alia, that Encanto would not be “liable, either directly or indirectly, as successor, transferee or otherwise, for any liabilities or interests of the Debtor[ ] .
On the Collateral Termination Date, all amounts in the Insurance Reserve shall be released to the Borrower.
More Definitions of Collateral Termination Date
Collateral Termination Date means the first date on which no Note is outstanding under the Note Purchase Agreement and no other obligation is due and payable thereunder or under any other Document.
Collateral Termination Date means the first date on which the principal and interest, if any, due upon the Convertible Note, EBIDTA Adjustment Note, and Net Current Asset Note shall have been paid or otherwise satisfied in full.
Collateral Termination Date means the first date when (i) no Loans or Commitments remain outstanding hereunder and no other Obligation is due and payable hereunder, (ii) no "Loans" or "Commitments" remain outstanding under the Transocean Contracts Loan Agreement and no other Transocean Contracts Obligation is due and payable under the Transocean Contracts Loan Agreement and (iii) the Borrower has no obligation to make any further interest rate swap payments to any Swap Party under any Interest Rate Protection Agreement entered into in accordance with Section 7.1(j) and no other obligations of the Borrower are due and payable under any such Interest Rate Protection Agreement.
Collateral Termination Date means any date after a Collateral Effective Date that the Unsecured Senior Debt Rating is better than BB+ from S&P or Ba1 from Moody's.
Collateral Termination Date has the meaning provided to such term in Section 2.1(d).
Collateral Termination Date means the date in which both (a) the Release Date has occurred and (b) the Incremental IRI Commitment has been terminated pursuant to, and subject to the conditions set forth in, Section 6.05(b). “Commitment” means, as to each Lender, its obligation to (a) make Loans to Borrower pursuant to Section 2.01, and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Xxxxxx’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Credit Agreement. “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. §1 et seq.) and any successor statute. “Communication” is defined in Section 13.17(b). “Competitor” means those entities listed on Schedule 13.06(b)(v). “Compliance Certificate” means a certificate substantially in the form of Exhibit C. “Condemnation” means a temporary or permanent taking by any Governmental Authority as the result, in lieu, or in anticipation, of the exercise of the right of condemnation or eminent domain of all or any part of any Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting any Property or any part thereof. “Conforming Changes” with respect to the use, administration of or any conventions associated with SOFR or any proposed Successor Rate, Daily Simple SOFR or Term SOFR, as applicable, any conforming changes to the definitions of “Base Rate”, “Daily Simple SOFR”, “SOFR”, “Term SOFR”, “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of “Business Day”, “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by Administrative Agent in a manner substantially consistent with market practice (or, if Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate exists...
Collateral Termination Date means the date on which the Collateral Termination Conditions have been satisfied, as notified and evidenced in writing by the Borrower to the Administrative Agent (for further distribution to the Lenders and the Issuing Banks).