Otherwise Acceptable definition
Otherwise Acceptable means in any form reasonably acceptable to the Required Lenders, in which case the Required Lenders shall be deemed to have agreed that the Administrative Agent’s or the Collateral Agent’s entry into such Intercreditor Agreement, Pari Intercreditor Agreement or Other Intercreditor or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto) is reasonable and to have consented to such Intercreditor Agreement, Pari Intercreditor Agreement or Other Intercreditor Agreement or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto).
Otherwise Acceptable means, in any form (1) reasonably acceptable to the Administrative Agent or (2) posted to the Lenders and (A) accepted by the Required Lenders and/or (B) not objected to by the Required Lenders in writing within three Business Days of being posted, in which case the Required Lenders shall be deemed to have agreed that the Administrative Agent’s or the Collateral Agent’s entry into such Intercreditor Agreement or Other Intercreditor or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto) is reasonable and to have consented to such Intercreditor Agreement or Other Intercreditor Agreement or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto).
Otherwise Acceptable means, in any form to the Lenders and (A) accepted by the Required Lenders and/or (B) not objected to by the Required Lenders in writing within three Business Days of being posted, in which case the Required Lenders shall be deemed to have agreed that the Administrative Agent’s or the Collateral Agent’s entry into such Intercreditor Agreement or Other Intercreditor or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto) is reasonable and to have consented to such Intercreditor Agreement or subordination agreement, collateral trust agreement or other intercreditor agreement (including any amendment to this Agreement, or any other applicable agreement, including or modifying a payment waterfall) (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto). “Paid in Full”, “Pay in Full” or “Payment in Full” shall mean, with respect to any Obligations, Secured Obligations or Guaranteed Obligations, as applicable, the payment in full in cash of all such Obligations, Secured Obligations or Guaranteed Obligations, as applicable (other than (a) contingent indemnification obligations and/or unasserted expense reimbursement obligations, (b) obligations and liabilities under Secured Cash Management Agreements and Secured Hedging Agreements with respect to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made and (c) Letters of Credit that have been (x) cash collateralized in accordance with the terms of this Agreement, (y) backstopped with a back to back letter of credit in a manner reasonably acceptable to the applicable Issuing Bank or (z) rolled into another credit facility to the sole satisfaction of the applicable Issuing Bank).
More Definitions of Otherwise Acceptable
Otherwise Acceptable means, in any form (1) reasonably acceptable to the Administrative Agent or (2) posted to the Lenders and (A) accepted by the Required Lenders and/or (B) not objected to by the Required Lenders in writing within five (5) Business Days of being posted, in which case the Required Lenders shall be deemed to have agreed that the Administrative Agent’s entry into any intercreditor agreement or subordination agreement (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto) is reasonable and to have consented to such intercreditor agreement or subordination agreement (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto); provided that, notwithstanding the foregoing and for the avoidance of doubt, if any such intercreditor agreement or subordination agreement is entered into to subordinate the Obligations or Liens securing the Obligations hereunder to any other Indebtedness and/or Liens securing such other Indebtedness (each, a “Priming Agreement”), such Priming Agreement approved pursuant to this definition and Section 9.15 hereof shall also require the consent of the other applicable Lenders (if any) in accordance with Section 10.01(h) (solely to the extent such other Lenders would have consent rights thereunder if the applicable Indebtedness or Liens to which the Obligations and/or Lien securing the Obligations are being subordinated were issued or incurred in reliance on an amendment or modification of any term or provision of any Loan Document to permit such issuance or incurrence).
Otherwise Acceptable means, in any form (1) reasonably acceptable to the Administrative Agent or (2) posted to the Lenders and (A) accepted by the Required Lenders and/or (B) not objected to by the Required Lenders in writing within five (5) Business Days of being posted, in which case the Required Lenders shall be deemed to have agreed that the Administrative Agent’s entry into any intercreditor agreement or subordination agreement (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto) is reasonable and to have consented to such intercreditor agreement or subordination agreement (or, in each case, such joinder thereto) (or, in each case, any such amendment thereto, restatement thereof or other modification thereto).