Discharge of Senior Credit Agreement Obligations means the Discharge of the Senior Credit Agreement Obligations; provided that the Discharge of Senior Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Senior Credit Agreement Obligations with an Additional Senior Debt Facility secured by Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Representative (under the Senior Debt Documents so Refinanced) or by the Borrower, in each case, to each other Representative as the “Senior Credit Agreement” for purposes of this Agreement.
Discharge of Senior Credit Agreement Obligations means the Discharge of the First Lien Obligations with respect to the Senior Credit Agreement; provided that the Discharge of Senior Credit Agreement Obligations shall be deemed not to have occurred in connection with a Refinancing in full of such Senior Credit Agreement Obligations with new Indebtedness in the form of a credit facility if:
Discharge of Senior Credit Agreement Obligations means, except to the extent otherwise provided in Section 5.12 hereof (and subject to Section 6.5 hereof), (a) payment in full in cash of the principal of and interest (including interest accruing on or after the commencement of any Proceeding at the rate provided for in the respective Senior Documents, whether or not such interest would be allowed in any such Proceeding) and premium (including, without limitation, any applicable prepayment penalty), if any, on all Indebtedness outstanding under the Senior Credit Documents, (b) payment in full in cash of all other Senior Obligations (other than Other Obligations) that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid, and (c) termination of all other commitments of the Senior Creditors under the Senior Credit Documents.
More Definitions of Discharge of Senior Credit Agreement Obligations
Discharge of Senior Credit Agreement Obligations means with respect to the Shared Collateral, (a) payment in full in cash of the principal of, and interest, fees and expenses (including interest, fees and expenses accruing on or after the commencement of any Insolvency or Liquidation Proceeding at the rate provided for in the Senior Credit Agreement, whether or not such interest, fees and expenses would be allowed in any such Insolvency or Liquidation Proceeding) and premium, if any, on all of the outstanding Senior Credit Agreement Obligations, (b) payment in full in cash of all other Senior Credit Agreement Obligations that are due and payable, or otherwise accrued and owing, at or prior to the time such principal and interest, fees and expenses are paid and (c) termination of all commitments under the Senior Credit Agreement; provided that the Discharge of Senior Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Senior Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the administrative agent under the Senior Credit Agreement so refinanced to the Designated Second Priority Representative as the “Senior Credit Agreement” for purposes of this Agreement.
Discharge of Senior Credit Agreement Obligations means, except to the extent otherwise provided in Section 5.6 hereof (and subject to Section 6.5 hereof), (a) payment in full in cash of the principal of and interest (including interest accruing on or after the commencement of any Insolvency or Liquidation Proceeding at the rate provided for in the respective Senior Loan Documents, whether or not such interest would be allowed in such Insolvency or Liquidation Proceeding) and premium, if any, on all Indebtedness outstanding under the Senior Loan Documents, (b) payment in full in cash of all other Senior Obligations (other than Hedging Obligations) that are due and payable or otherwise accrued and owing at or prior to the time such principal, interest and premium are paid, (c) termination (without any prior demand for payment thereunder having been made or, if made, with such demand having been fully reimbursed in cash) or cash collateralization (in an amount and manner, and on terms, satisfactory to each Senior Collateral Agent) of all letters of credit issued by any Senior Creditor and (d) termination of all other commitments of the Senior Creditors under the Senior Loan Documents.