IP Holdco Transition Date definition
IP Holdco Transition Date means earlier of (a) the date on which all commitments and letters of credit (if any) under the OpCo Credit Agreement shall have terminated and all loans and other obligations (other than customary indemnity obligations and expense reimbursement obligations not then due and payable that expressly survive the termination thereof) shall have been paid in full in cash or (b) the date on which the Transition Period (as defined in the OpCo Transition Services Agreement) shall have terminated.
IP Holdco Transition Date means the date on which IP Holdco shall become a wholly owned Subsidiary of the Company pursuant to, and in accordance with the terms of, the Amended and Restated Operating Agreement of IP Holdco.