Credit Repayment definition

Credit Repayment means all of the following shall have occurred: (a) all of the outstanding monetary Credit Obligations (whether as to principal, interest, expenses or otherwise) have been paid in full in cash or other immediately available funds; (b) all commitments and lines of credit (if any) to provide additional funds related thereto have been terminated; and (c) with respect to any contingent indemnification, reimbursement, defense or similar obligation that by its express terms extends beyond such payment and termination, the cash collateralization (on terms reasonably acceptable to each affected Lender) of each such continuing contingent obligation to the extent any claim thereunder has been asserted by any Lender.
View Source

Examples of Credit Repayment in a sentence

  • SECTION 2.6.1.1. In addition to each other principal payment required hereunder, the outstanding principal balances of the Term Loans shall be repaid on the Term Loan Repayment Date and the outstanding principal balances of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date.

  • The outstanding principal balance of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date.

  • Section 2.6.1.1. In addition to each other principal payment required hereunder, the outstanding principal balances of the Term Loans shall be repaid on the Term Loan Repayment Date and the outstanding principal balances of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date.

  • Vacations shall be scheduled and taken only as authorized by the appropriate administrator.

  • When the Credit Repayment has been completed, this Agreement shall terminate and Lender shall forthwith cause to be assigned, transferred and delivered any remaining Collateral and money received in respect thereof to or on the order of Pledgor, in each case pursuant to documents acceptable to Lender in form and substance, at the sole expense of Pledgor, and without any recourse to or warranty or representation by Lender whatsoever.

  • Repayment of the principal debt under the Credit shall be made in accordance with the Credit Repayment Schedule attached as Annex No. 3 to this Agreement.

  • The right to open an account is also open to persons registered in the files managed by the Banque de France: the National Register of Irregular Cheques (FNCI) and the National Register of Household Credit Repayment Incidents (FICP).

  • Pledgor acknowledges and confirms to and covenants and agrees with Lender that until Credit Repayment has been completed, any and all Subordinated Rights of Pledgor shall be subordinate and inferior in priority and dignity to Pledgor’s Obligations and shall not be entitled to any payment or satisfaction (in whole or in part) until, Credit Repayment has been completed.

  • Section 2.6.1.1. In addition to each other principal payment required hereunder, the outstanding principal balances of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date.

  • SECTION 2.6.1.1. In addition to each other principal payment required hereunder, the outstanding principal balances of Term Loan A shall be repaid on the Term Loan A Repayment Date, the outstanding principal balances of Term Loan B shall be repaid on the Term Loan B Repayment Date and the outstanding principal balances of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date.