Discharge of Junior Lien Obligations means the occurrence of all of the following:
Discharge of Junior Lien Obligations means, except to the extent otherwise provided in Section 5.8, the Discharge of each Series of Junior Lien Obligations has occurred.
Discharge of Junior Lien Obligations means each of the following
Examples of Discharge of Junior Lien Obligations in a sentence
As used in this Agreement, “Termination Date” shall mean the date upon which the Discharge of Junior Lien Obligations shall have occurred.
This Agreement shall terminate and be of no further force and effect on the earlier to occur of (x) the date on which there has been a Discharge of Senior Lien Obligations and (y) the date on which there has been a Discharge of Junior Lien Obligations, in each case, subject to Sections 5.6 and 6.5; provided, however, that no termination shall relieve any party of its obligations incurred hereunder prior to the date of termination.
More Definitions of Discharge of Junior Lien Obligations
Discharge of Junior Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.
Discharge of Junior Lien Obligations means, except to the extent otherwise expressly provided in Section 5.5, the payment in full in cash of the Junior Lien Obligations (other than contingent indemnification obligations as to which no claim has been asserted) and the termination or expiration of all commitments, if any, to extend credit that would constitute Junior Lien Obligations.
Discharge of Junior Lien Obligations means the occurrence of all of the following: (1) termination or expiration of all commitments to extend credit that would constitute Junior Lien Debt; (2) with respect to each Series of Junior Lien Debt, either (x) payment in full in cash of the principal of and interest and premium (if any) on all Junior Lien Debt of such Series (other than any undrawn letters of credit) or (y) there has been a legal defeasance or covenant defeasance pursuant to the terms of the applicable Junior Lien Documents for such Series of Junior Lien Debt; (3) with respect to any undrawn letters of credit constituting Junior Lien Debt, either (x) discharge or cash collateralization (at the lower of (A) 103% of the aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable Junior Lien Document) of all outstanding letters of credit constituting Junior Lien Debt or (y) the issuer of each such letter of credit has notified the Collateral Trustee in writing that alternative arrangements satisfactory to such issuer have been made; and 4
Discharge of Junior Lien Obligations means, except to the extent otherwise expressly provided in Section 5.5, the payment in full in cash of the Junior Lien Obligations (other than contingent indemnification obligations as to which no claim has been asserted) and the termination or expiration of all commitments, if any, to extend credit that would constitute Junior Lien Obligations. “Discharge of Senior Lien Obligations” means, except to the extent otherwise expressly provided in Section 5.5: (a) payment in full in cash of the Senior Lien Obligations (other than contingent obligations or contingent indemnification obligations (except as provided in clause (d) below)); (b) termination or expiration of all commitments, if any, to extend credit that would constitute Senior Lien Obligations; (c) termination of, or providing cash collateral (in an amount, to the extent, and in the manner required by the Senior Credit Agreement) in respect of, all outstanding letters of credit that constitute Senior Lien Obligations; and (d) cash collateralization (or support by a letter of credit) for any costs, expenses and contingent indemnification obligations consisting of Senior Lien Obligations not yet due and payable but with respect to which a claim has been asserted in writing under any Senior Loan Documents (in an amount and manner reasonably satisfactory to Senior Agent). “Disposition” or “Dispose” means the sale, assignment, transfer, license, lease (as lessor), exchange, or other disposition (including any sale and leaseback transaction) of any property by any person (or the granting of any option or other right to do any of the foregoing). “Dollars” or “$” means United States dollars. “Exercise any Secured Creditor Remedies” or “Exercise of Secured Creditor Remedies” means (a) the taking of any action to enforce any Lien in respect of the Collateral, including the institution of any enforcement or foreclosure proceedings, the noticing of any public or private sale or other disposition pursuant to Article 9 of the UCC or any diligently pursued and in good faith attempt to vacate or obtain relief from a stay or other injunction restricting any other action described in this definition or the enforcement of or execution on any judgment Lien on Collateral, (b) the exercise of any right or remedy with respect to the Collateral provided to a secured creditor under the Senior Loan Documents or any Junior Lien Document (including, in either case, any delivery of any notice to otherwise seek to obtain payment...
Discharge of Junior Lien Obligations means, as used herein as of any date of determination, (i) in the case of the First Lien Representative, the First Lien Collateral Agent, the other First Lien Claimholders and the First Lien Obligations and after the Discharge of First Lien Obligations has occurred, the Discharge of Second Lien Obligations, the Discharge of Third Lien Obligations and the Discharge of Fourth Lien Obligations, (ii) in the case of the Second Lien Representative, the Second Lien Collateral Agent, the other Second Lien Claimholders and the Second Lien Obligations and after the Discharge of Second Lien Obligations has occurred, the Discharge of Third Lien Obligations and the Discharge of Fourth Lien Obligations and (iii) in the case of the Third Lien Representative, the Third Lien Collateral Agent, the other Third Lien Claimholders and the Third Lien Obligations and after the Discharge of Third Lien Obligations has occurred, the Discharge of Fourth Lien Obligations.
Discharge of Junior Lien Obligations means the occurrence of all of the following: (1) termination or expiration of all commitments to extend credit that would constitute Junior Lien Debt; (2) payment in full in cash of the principal of and interest and premium (if any) on all Junior Lien Debt (other than any undrawn letters of credit); (3) if applicable, discharge (or cash collateralization at the percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Junior Lien Document) of all outstanding letters of credit constituting Junior Lien Debt; and (4) payment in full in cash of all other Junior Lien Obligations that are outstanding and unpaid at the time the Junior Lien Debt is paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time).
Discharge of Junior Lien Obligations means, except to the extent otherwise expressly provided in Section 5.5: