Credit Agreement Termination definition

Credit Agreement Termination has the meaning set forth in Section 6.05.
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Credit Agreement Termination shall occur upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification, expense reimbursement or yield protection obligations and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized or as to which other arrangements reasonably satisfactory to the Administrative Agent and the L/C Issuer have been made).
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Credit Agreement Termination shall occur upon termination of the Line of Credit and payment in full and performance of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Secured Cash Management Agreements as to which arrangements satisfactory to Bank shall have been made).
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Examples of Credit Agreement Termination in a sentence

  • For the purposes of this Agreement, the Obligations shall not be deemed to have been paid in full until (a) all maturity dates therefor shall have elapsed, (b) the Commitment shall have been terminated, and (c) the Lenders shall have received indefeasible payment of the Obligations in full in cash (such date that the conditions described in (a), (b), and (c) herein are satisfied shall be the "Credit Agreement Termination Date").

  • Each Grantor agrees that, until the Credit Agreement Termination, any Liens securing payment of the Grantor Claims shall be and remain inferior and subordinate to any Liens securing payment of the Obligations, regardless of whether such encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or are hereafter created or attach.

  • Mr. Grundtner explained his communications with several of the homeowners and their varying concerns and desires.

  • Concurrently with the Closing, Parent shall pay to the administrative agent under the Company Credit Agreement all amounts required pursuant to the terms of the Company Credit Agreement and specified in the Payoff Letter to effect the Credit Agreement Termination.

  • Notwithstanding the foregoing or anything else to the contrary contained herein or otherwise, other than any mandatory prepayment or Commitment reduction required hereunder in respect of Net Cash Proceeds resulting from Asset Sales in respect of 21CF RSN Assets, no mandatory prepayment or Commitment reduction shall be applied or required hereunder prior to the Bridge Credit Agreement Termination Time.

  • The Credit Agreement referenced in the precxxxxx sentence shall hereinafter be referred to as the "WLV Credit Agreement." "Termination Option Date" shall mean the date that Tenant is permitted to terminate this Lease under the deeds of trust referenced in this Section 2.1.

  • Unless on or prior to August 1, 1999, a Credit Agreement Termination has occurred, the Company shall pay on August 1, 1999 to each Purchaser an amount equal to 0.50% of the principal amount then outstanding on the Notes held by such Purchaser.

  • When the Credit Agreement Termination Date shall have occurred, this Agreement shall terminate, and the Administrative Agent shall forthwith cause to be assigned, transferred and delivered, against receipt but without any recourse, warranty or representation whatsoever, any remaining Pledged Collateral and money received in respect thereof, to or on the order of the Obligor.

  • After the occurrence of the Credit Agreement Termination Date, Company agrees that it shall, to the extent granted to the Agent, and shall cause all of its Subsidiaries to the extent provided under the Credit Agreement (the "Subject Subsidiaries" which directly -------------------- or indirectly own any interest in the System) to (i) guaranty Company's obligations hereunder, and (ii) xxxxx x xxxx on their interests in the System, to secure performance of Company's obligations under this Agreement.

  • Notwithstanding anything to the contrary herein, (x) in no event shall this Section 7.17 require the Company or any of its Subsidiaries to cause the Credit Agreement Termination unless the Closing shall have occurred and (y) Parent shall pay, or shall cause one or more of its Subsidiaries to pay, the Payoff Amount in full on behalf of the Company on the Closing Date.


More Definitions of Credit Agreement Termination

Credit Agreement Termination means the termination of the Credit Agreement and all obligations thereunder, and the release of all liens securing the obligations under the Credit Agreement.
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Credit Agreement Termination means that: (a) no Commitment (as defined in the Credit Agreement) remains outstanding under the Credit Agreement; and (b) the Credit Agreement has been permanently terminated and all notes and other obligations of the Company and its Subsidiaries thereunder have been paid in full.
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Credit Agreement Termination means that certain Credit Agreement Termination, by and between DPTSM and WFS, in the form attached hereto as Exhibit C.
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Related to Credit Agreement Termination

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the Maturity Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.11 or 2.12, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 9.01.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Letter of Credit Termination Date means the tenth day preceding the Termination Date.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • 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).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Scheduled Commitment Termination Date means July 2, 2024.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Effective Date of Termination means the date on which a Qualifying Termination occurs which triggers the payment of Severance Benefits hereunder.

  • Revolving Termination Date means the earlier to occur of:

  • Employment Termination Date means the date as of which the Executive incurs a Termination of Employment determined in accordance with the provisions of Section 5.2.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

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

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

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

  • Event of Termination has the meaning specified in Section 7.01.