Effective Date Repayment definition

Effective Date Repayment means the cash debt repayment on the Effective Date in an aggregate amount not to exceed €1,380,000,000 by the Swiss Borrower to Honeywell and/or a subsidiary of Honeywell with the Net Proceeds of the Term Loans and the Senior Subordinated Notes.

Effective Date Repayment means the repayment, on or around the Effective Date, in one or more steps, of one or more intercompany loans or notes owed by the Company to a Merck Affiliate.

Effective Date Repayment means the cash debt repayment within one Business Day the Effective Date in an aggregate amount not to exceed $1,200,000,000 by the Borrower to Honeywell and/or a subsidiary of Honeywell with the Net Proceeds of the Term Loans and the Senior Notes.

Examples of Effective Date Repayment in a sentence

• Each of Holdings and the Borrower will, and will take reasonable action to(a) cause each of its Restricted Subsidiaries to, comply witthe proceeds of the Senior Notes and h all Requirements of Law (including ERISA, Environmental Laws and the USA PATRIOT Act) with respect to it or its prop,erty, excethe Effective Date Repayment and the Post-Effective Date Repayment and (iii) general corporate purposes.

• Notwithstanding anything to the contrary herein, this Section 2.15 shall apply with respect to any funding losses, costs and expenses due and payable to any Existing Lender in connection with the Existing Credit Agreement and the Effective Date Repayment.

• On the Effective Date, subject to the terms of the DIP Note Purchase Agreement, each Holder of a DIP Facility Claim shall receive, in full and final satisfaction, settlement, release and discharge of its DIP Facility Claim, its Pro Rata share of (i) Cash in an amount equal to the DIP Facility Effective Date Repayment Amount and (ii) (at each such Holder’s election) the Roll-Over Notes or the loans under the Roll-Over Facility (if any).

• The proceeds of the Term Loans and Revolving Loans made on the Effective Date will be used solely for the payment of the Effective Date Repayment and the Effective Date Dividend and fees and expenses payable in connection with the Transactions.

More Definitions of Effective Date Repayment

Effective Date Repayment means, collectively, (i) the repayment of all outstanding Revolving Loans and Swingline Loans (each as defined in the Existing Credit Agreement) and the payment of all accrued and unpaid interest and fees (including but not limited to commitment fees, letter of credit fees and fronting fees) under the Existing Credit Agreement and (ii) the payment of all reasonable and documented out-of-pocket expenses incurred by the Existing Agent, including Paul Hastings LLP’s outstanding legal fees and expenses incurred in connection with its representation of the Existing Agent.

Effective Date Repayment means the cash debt repayment within one Business Day the Effective Date in an aggregate amount not to exceed

Effective Date Repayment means, collectively, (i) the repayment of all outstanding Revolving Loans and Swingline Loans (each as defined in the Existing Credit Agreement) and the payment of all accrued and unpaid interest and fees (including but not limited to commitment fees, letter of credit fees and fronting fees) under the Existing Credit Agreement and (ii) the payment of all reasonable and documented out-of-pocket expenses incurred by the Existing Agent, including Xxxx Xxxxxxxx LLP’s outstanding legal fees and expenses incurred in connection with its representation of the Existing Agent.

Effective Date Repayment means the cash settlement to be made by the Company of intercompany indebtedness owing to Dover on the Effective Date in an aggregate amount not to exceed $450,000,000.