Discharge Event definition

Discharge Event means, subject to Clause 23.2 (Avoidance of Payments), (i) the Loans, together with interest, Fees, and all other Obligations under the Credit Documents (other than contingent obligations, Secured Cash Management Obligations, Secured Hedge Obligations and Secured Bank Product Obligations), shall have been satisfied by payment in full and (ii) any Commitments shall have been terminated.

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Discharge Event means the completion of the Class B Shareholders’ purchase of Class A Shares pursuant to Section 6.1 of the Shareholders Agreement (as evidenced by the Class A Shareholders’ receipt in full of the Exit Price).

Discharge Event means discharge of sewage from a zero discharge structure's system that flows into the metropolitan sewerage facilities.

Examples of Discharge Event in a sentence

Subject to Clauses 23.2 (Avoidance of Payments) and 23.3 (Discharge Conditional) below, upon the occurrence of a Discharge Event, the security interest granted in this Debenture shall terminate and all rights to the Charged Property shall revert to the Companies.
Upon the occurrence of a Discharge Event, the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Pledgor.
Subject to Clauses 18.2 (Avoidance of Payments) and 18.3 (Discharge Conditional) below, upon the occurrence of a Discharge Event, the security interest granted in this Agreement shall terminate and all rights to the Charged Portfolio shall revert to the Chargor.
It shall not be revoked by the Guarantor and, subject to the provisions of Clauses 3.2 and 3.3 above, shall remain effective until a Discharge Event has occurred, as reasonably determined by the Beneficiaries.
So long as no Discharge Event has occurred, the Guarantor shall not exercise any right of subrogation, contribution (including any right to seek contribution) or any other rights of a surety, or enforce any security or other right or claim, against any Obligor (whether in respect of its liability under this Deed or otherwise).
Any waiver of a Constructive Discharge Event as a result of continued employment for more than 12 months thereafter shall not, however, be deemed a waiver as to any other Constructive Discharge Event which may subsequently occur.
Upon ▇▇▇▇▇▇▇’ filing of it written response, as outlined above, Melvins and the Town shall work together, both acting in good faith, to calculate the additional surcharge fee due to the Town to cover the actual expenses incurred by the Town as a result of the High Strength Discharge Event.
Within five (5) business days of the discovery of a suspected High Strength Discharge Event, the Town of Alpine will provide written documentation of the suspected discharge.
If after the occurrence of an Initial Change of Control Event of the Company, the Company terminates the Executive's employment hereunder (a) because of a Discharge Event, or (b) without Cause and without any Discharge Event, then in either case the Company will pay to the Executive a lump sum termination payment equal to two (2) times the sum of his Base Salary and his Average Bonus (as defined below) (collectively, the "LUMP SUM PAYMENT").
Either Party will notify the other Party if a daily log indicates that High Strength Discharge Event may have occurred.

More Definitions of Discharge Event

Discharge Event means the indefeasible payment in full of all Obligations.

Discharge Event means either (a) the consummation of the Reorganization or (b) a determination by an authorized officer of the Company not to complete the Reorganization.

Discharge Event shall have occurred if the Executive shall have received a copy of a resolution duly adopted by the affirmative vote of a majority of the members of the Compensation Committee of the Board finding that, upon the recommendation of and for the reasons cited by the Chairman of the Company, the Executive is no longer discharging his duties in a manner consistent with the effective administration of the affairs of the Company and hence the continued employment of the Executive is no longer in the best interest of the Company.

Discharge Event means time period between start of stormwater discharge and cessation of stormwater discharge from the stormwater management pond;

Discharge Event means the payment in full (or cancellation in the case of letters of credit or bankers' acceptances) of all Obligations and the termination of all Commitments.