Debt Termination Date definition
Debt Termination Date means the date on which (a) the Commitments have expired or been terminated, (b) the principal of and interest on each Loan and all fees payable hereunder shall have been paid indefeasibly paid in cash in full and all Letters of Credit shall have expired or terminated and all Drawing Payments shall have been reimbursed (unless the outstanding amount of the LC Exposure related thereto has been Cash Collateralized) and (c) all other Obligations (other than any inchoate indemnification or expense reimbursement Obligations that expressly survive termination of the Agreement) shall have indefeasibly paid in cash in full.
Debt Termination Date means the date on which all Finance Liabilities, other than contingent liabilities and obligations which are unasserted at such date, have been paid and satisfied in full and all Finance Commitments have been terminated.
Debt Termination Date means the date on which (i) all Loans or other credit extensions and all outstanding reimbursement Obligations in respect of Letters of Credit and bankers' acceptances under all Bank Facilities have been paid in full, (ii) all commitments to provide any credit extension under any Bank Facility and all Letter of Credit Commitments have been terminated, and (iii) all Letters of Credit and bankers' acceptances under any Bank Facility shall have either been cancelled or cash collateralized or covered by a back-up Letter of Credit in a manner reasonably satisfactory to the issuing bank thereof.
Examples of Debt Termination Date in a sentence
This Agreement shall remain in full force and effect until the Debt Termination Date.
The Borrower covenants and agrees that until the Debt Termination Date, it shall perform and comply with all covenants in this Article VI applicable to such Person.
Following the Senior Debt Termination Date, this Agreement shall continue in full force and effect among the Company, the Subordinated Debt Providers, and the Collateral Agent, and the Subordinated Debt Providers shall have all powers, duties and obligations granted hereunder to the Senior Parties or the Senior Parties as if it were a Senior Party.
Upon the Debt Termination Date, the Collateral Agent will, at such Wholly Owned Holdco Guarantor’s request and at the Borrower’s expense, execute and deliver to such Person appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to such Wholly Owned Holdco Guarantor of an interest in the Guaranteed Obligations resulting from such payment made by such Wholly Owned Holdco Guarantor pursuant to this Agreement.
The Borrower covenants and agrees that until the Debt Termination Date, it shall perform and comply with all covenants in this Article VII applicable to such Person.
More Definitions of Debt Termination Date
Debt Termination Date shall have the meaning given to that term in Section 1.1 of the Intercreditor Agreement.
Debt Termination Date. The first day on which the indebtedness evidenced by all of the FFB Promissory Notes has been paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of FFB to the Borrower under the FFB Note Purchase Agreement and the other FFB Credit Facility Documents have been terminated, and the Borrower has paid in cash all sums due from the Borrower under this Agreement, the FFB Credit Facility Documents and the other Loan Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).
Debt Termination Date means the first day on which the indebtedness evidenced by the FFB Promissory Notes has been indefeasibly paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of the FFB to the Borrower under the Note Purchase Agreement and the other FFB Credit Facility Documents have been terminated, and the Borrower has indefeasibly paid in cash all sums due from the Borrower under the Loan Guarantee Agreement, the FFB Credit Facility Documents and the other Loan Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).
Debt Termination Date means the date on which (i) all Senior Secured Obligations, other than contingent liabilities and obligations which are unasserted at such date, have been paid and satisfied in full (or legally defeased in full in accordance with the express terms and conditions of the related Financing Documents), (ii) all Senior Secured Obligations that are letters of credit have terminated or have expired in accordance with their terms and (iii) all commitments of the Senior Secured Parties under the Financing Documents have been terminated.
Debt Termination Date means, with respect to any Person, the first day on which the indebtedness evidenced by all of such Person’s Promissory Notes has been Indefeasibly Paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of FFB under such Person’s Note Purchase Agreements and its other Loan Guarantee Documents have terminated, and such Person has Indefeasibly Paid in cash all sums due from it under its Amended and Restated Loan Guarantee Agreement and its other Loan Guarantee Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).
Debt Termination Date has the meaning given to it in the Collateral Agency Agreement.
Debt Termination Date means, with respect to any Person, the first day on which the indebtedness evidenced by all of such Person's Promissory Notes has been Indefeasibly Paid in cash in full (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents), all commitments of FFB or third party lenders (as applicable) under such Person's Note Purchase Agreement and its other Loan Guarantee Documents or Credit Facility Documents, as applicable, have terminated, and such Person has Indefeasibly Paid in cash all sums due from it under its Loan Guarantee Agreement and its other Loan Guarantee Documents (other than unasserted contingent indemnity obligations and other obligations that expressly survive termination of the applicable documents).