Guaranty Termination Date definition

Guaranty Termination Date means the date on which Borrower shall have no further right to receive any financial accommodations under the Credit Agreement and all Obligations under the Credit Agreement and the Guaranty Obligations shall have been completely satisfied.

Guaranty Termination Date means the date on which Substantial Completion has occurred and all costs, expenses and liabilities incurred in connection therewith (including, without limitation, for labor, materials and services) have been paid in full (except to the extent to be paid for from Retainage or other sums are then held or reserved by Senior Lender but not yet disbursed in accordance with the Building Loan Agreement).

Guaranty Termination Date means the earlier of: (aa) if Earn-Out Amount payments equal, in the aggregate, to the Earn-Out Amount Cap have been made in accordance with Section 2.03(b) and (c), the date of the last such payment (including by the issuance of Qualified MSG Stock or Qualified Successor Stock, if applicable), (bb) the 30th day following delivery to Parent of the applicable consolidated financial statements of the Company and its Subsidiaries for the Year 5 TTM Period if an Earn-Out Qualification has not been achieved in respect of any prior TTM Period in accordance with Section 2.03(b) and (c), or (cc) if an Earn-Out Qualification has been achieved in accordance with Section 2.03(b) and (c) but not paid prior to the date referred to in clause (bb) above, the date the applicable Earn-Out Amount payable in respect of such Earn-Out Qualification in accordance with Section 2.03(b) and (c) is paid in full in accordance with Section 2.03(b) and (c) (including by payment of the Earn-Out Guarantor or issuance of Qualified MSG Stock or Qualified Successor Stock, if applicable).

Examples of Guaranty Termination Date in a sentence

• In addition to the deed of trust in favor of the State pursuant to the State Loan Documents, at any time following the occurrence of the Guaranty Termination Date, and without the consent of Tenant, Lessor may, from time to time, directly or indirectly, create or otherwise cause to exist any other mortgage upon the Property or any part(s) or portion(s) thereof or interests therein.

• If any amount shall be paid to Lease Guarantor on account of any such reimbursement, indemnity, subrogation or contribution rights at any time prior to the Guaranty Termination Date, such amount shall be held in trust for Landlord and shall forthwith be paid over to Landlord to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Master Lease or any applicable security agreement.

• Until the Guaranty Termination Date, Guarantor agrees not to receive or accept any payment from Seller with respect to the Subordinated Debt at any time an Event of Default or default under any Warehouse Document has occurred and is continuing; and, in the event Guarantor receives any payment on the Subordinated Debt in violation of the foregoing, Guarantor will hold any such payment in trust for Bank and forthwith turn it over to Bank in the form received, to be applied to the Guaranteed Obligations.

• In addition to any other applicable restrictions hereunder, prior to the Guaranty Termination Date, Lease Guarantor shall not, directly or indirectly, declare or pay any dividend or make any other distribution with respect to its capital stock or other equity interests with any assets other than cash unless such dividend or distribution would not reasonably be expected to result in Lease Guarantor’s inability to perform its Lease Guaranty obligations under this Agreement.

• The Secretary shall also maintain copies of all conference meeting minutes, correspondence and other communications.

More Definitions of Guaranty Termination Date

Guaranty Termination Date means the date upon which payment of the latest maturing Note has occurred and the Indenture have been terminated in accordance with the terms thereof.

Guaranty Termination Date means the date on which all Guaranteed Obligations (other than the Obligations which expressly survive termination of the Credit Documents) have been paid in full.

Guaranty Termination Date means the date that the Guaranteed Obligations have been satisfied in full.

Guaranty Termination Date is defined in Section 11.7

Guaranty Termination Date means, with respect to any Borrower, the first date after the Closing Date on which no Indebtedness of such Borrower (including, without limitation, Indebtedness under the Note Purchase Agreement to which such Borrower is a party, but excluding Indebtedness under this Agreement) is guaranteed by, or otherwise has the benefit of any Guaranty Obligation of, the Guarantor.

Guaranty Termination Date means such date on which each of the following events shall have occurred on or prior to such date: (a) all Commitments have terminated or expired; (b) the Credit Agreement has terminated; (c) all Guaranteed Obligations (other than obligations under any Secured Swap Agreement and other than indemnities and other contingent obligations not then due and payable and as to which no claim has been made as of the time of determination) have been indefeasibly paid in full in cash; (d) all Secured Swap Agreements have been terminated and paid in full, novated or the Borrower or applicable Guarantor has provided substitute collateral to the Secured Swap Party thereunder to the extent provided under the applicable Secured Swap Agreement (or as to which other arrangements satisfactory to the applicable Secured Swap Party shall have been made); and (e) all Letters of Credit have expired or terminated or the LC Exposure has been cash collateralized (or as to which other arrangements satisfactory to the applicable Debtor and the Issuing Bank shall have been made), as provided for in the Credit Agreement.

Guaranty Termination Date has the meaning set forth in Section 3.01.