Discharge of Senior Obligations definition

Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

Discharge of Senior Obligations means the date on which the Discharge of the Notes Obligations and of each Additional Senior Debt Facility has occurred.

Discharge of Senior Obligations means the date on which each Senior Facility has been Discharged.

Examples of Discharge of Senior Obligations in a sentence

• Subject to Section 5.06 and Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred.

• Upon the Discharge of Senior Obligations, each applicable Senior Representative shall deliver promptly to the Designated Second Priority Representative any Shared Collateral or Proceeds thereof held by it in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, to be applied by the Designated Second Priority Representative to the Second Priority Debt Obligations in such order as specified in the relevant Second Priority Debt Documents.

• Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Debt Facility, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred.

More Definitions of Discharge of Senior Obligations

Discharge of Senior Obligations means, except to the extent otherwise expressly provided in Section 5.06:

Discharge of Senior Obligations means the date on which the Discharge of Senior Obligations has occurred.

Discharge of Senior Obligations shall have the meaning as defined in the Term Intercreditor Agreement.

Discharge of Senior Obligations means (a) with respect to the ABL Priority Collateral, the Discharge of ABL Obligations and (b) with respect to the Term Loan Priority Collateral, the Discharge of Term Loan Obligations.

Discharge of Senior Obligations has the meaning assigned to such term in the First Lien/Second Lien Intercreditor Agreement.

Discharge of Senior Obligations means the Discharge of ABL Obligations and Discharge of Term Obligations.

Discharge of Senior Obligations means, except to the extent otherwise expressly provided in Section 5.06 and Section 6.04, the occurrence of both (I) with respect to the First Lien Credit Agreement Obligations, the Discharge of First Lien Credit Agreement Obligations, and (II) with respect to all other Senior Obligations: