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

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

• As used herein, the term “Covenant Termination Date” shall mean the earliest to occur of (1) the Guaranty Termination Date, (2) October 6, 2023, and (3) the first day on which (x) the Total Net Leverage Ratio of the Guarantor is less than or equal to 5.00:1.00 and (y) the EBITDAR to Rent Ratio is equal to or greater than 3.00:1.00.

• Guarantor's obligation to deliver this information to Lender shall terminate on the Guaranty Termination Date.

• The subordination provisions of this Section 2.9 shall be effective regardless of whether demand has been made by Lender and shall remain in effect until the Guaranty Termination Date.

• 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.

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 2.10.

Guaranty Termination Date means the date at which the first to occur of either (i)

Guaranty Termination Date means, subject to Sections 2.2, 2.6(d) and 7.2, the earliest to occur of (a) the Paid in Full Date, and (b) the date on which the Agent has received indefeasible payment in cash from the Guarantor in respect of, and in aggregate amount equal to, the Maximum Guaranteed Amount upon demand by the Agent in accordance with Sections 2.1(a) and 3.2, plus any other amounts owing hereunder, including under Sections 2.6 and 8.11.

Guaranty Termination Date means the date on which Borrower shall ------------------------- have no further right to receive any financial accommodations under the Loan Agreement and the then due and payable Obligations and Guaranty Obligations shall have been completely satisfied.