Payment in Full of the Obligations shall have the meaning assigned to such term in Section 1.02(d).
Payment in Full of the Obligations means (a) the payment in full in cash of all Loan Obligations (other than contingent indemnification claims for which no claim has been asserted), together with all accrued and unpaid interest and fees thereon, other than L/C Obligations that have been fully Cash Collateralized, (b) the Commitments shall have terminated or expired, and (c) the obligations and liabilities of each Loan Party under all Credit Product Arrangements constituting Secured Obligations, to the extent such obligations and liabilities are then due and outstanding as of the date clauses (a) and (b) preceding have been satisfied and the amount of such obligations and liabilities has been provided to Administrative Agent and Borrower Agent in writing by the applicable Credit Product Provider on or prior to such date, shall have been paid and satisfied in full or fully Cash Collateralized (other than contingent indemnification claims for which no claim has been asserted). “Paid in Full,” “paid in full,” “payment in full,” and “payment in full of the Obligations” have meanings correlative thereto.
Payment in Full of the Obligations means the payment in full of the Obligations as determined in accordance with Section 1.02(d).
Examples of Payment in Full of the Obligations in a sentence
The agreements contained in this Section shall survive any termination of this Agreement and the other Loan Documents and the Payment in Full of the Obligations.
The obligations of the Lenders under this clause shall survive the Payment in Full of the Obligations and the termination of this Agreement.
The obligations of the Credit Parties under clause (b) of the preceding sentence shall survive the Payment in Full of the Obligations.
The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until Payment in Full of the Obligations have been indefeasibly paid and performed in full.
All representations, warranties, covenants and agreements of Borrower and the Subsidiary Guarantors herein shall survive the execution and delivery of this Amendment and the performance hereof, including without limitation the making or granting of the Loans, and shall further survive until Payment in Full of the Obligations.
More Definitions of Payment in Full of the Obligations
Payment in Full of the Obligations means (a) the payment in full in cash of all Obligations (other than contingent indemnification claims for which no claim has been asserted), together with all accrued and unpaid interest and fees thereon, and (b) the Commitments shall have terminated or expired.
Payment in Full of the Obligations means termination of the all Commitments, payment and satisfaction in full in cash of all Secured Obligations (other than Unliquidated Obligations), and cash collateralization or issuance of letters of credit in a manner satisfactory to the Issuing Bank to support any Letters of Credit that remain outstanding.
Payment in Full of the Obligations means the unconditional, final and irrevocable payment in full, in immediately available funds, of all of the Borrower Obligations or the Guarantor Obligations, as the case may be, in each case, unless otherwise specified, other than (i) Obligations in respect of any Specified Hedge Agreement or any outstanding Letters of Credit (as defined in the Credit Agreement), (ii) indemnification and other contingent obligations not then due and payable, and (iii) cash collateralization of any outstanding Letters of Credit (as defined in the Credit Agreement), in each case, in amounts and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the Issuing Bank and the termination or expiration of all commitments to extend credit under the Credit Agreement. The expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein or in any other document with respect to the Borrower Obligations or the Guarantor Obligations shall have the correlative meanings.
Payment in Full of the Obligations means, as of any date of determination, that (a) the Obligations (other than contingent indemnification and reimbursement obligations in respect of which no claim for payment has yet been asserted by the Person entitled thereto) are fully paid and satisfied, (b) all letters of credit, if any, have been cancelled and returned to Lender or either (i) replaced by an irrevocable letter of credit, on terms acceptable to Lender, issued by a financial institution satisfactory to Lender or (ii) cash collateralized, in each case, in an amount equal to at least one hundred five (105%) percent of the then aggregate stated face amount of all outstanding letters of credit and on terms satisfactory to Lender, and (c) all commitments to lend under the Loan Documents have been terminated.
Payment in Full of the Obligations means the occurrence of all of the following: (i) payment and performance in full of all Obligations (other than contingent or indemnity obligations for which no claim has been made in writing by the Person entitled thereof); (ii) all Letters of Credit have expired or have been Cash Collateralized pursuant to the terms hereof; (iii) termination of this Agreement; and (iv) in the case of any Secured Obligations with respect to Other Lender Provided Financial Service Product and any Lender Provided Interest Rate Hedge, Lender Provided Foreign Currency Hedge and Lender Provided Commodity Hedge, in lieu of the payment in full in cash, the delivery of cash collateral in such amounts as shall be required by the applicable Lender or other arrangements in form and substance reasonably satisfactory to such Lender in respect thereof.
Payment in Full of the Obligations means, as of any date of determination, that both (i) the Obligations (other than contingent indemnification and reimbursement obligations in respect of which no claim for payment has yet been asserted by the Person entitled thereto) are fully paid and satisfied, all letters of credit have been cancelled and returned to Bank or either (a) replaced by an irrevocable letter of credit, on terms acceptable to Bank, issued by a financial institution satisfactory to Bank or (b) cash collateralized, in each case, in an amount at least equal 105% of the then aggregate stated amount of all outstanding letters of credit and on terms satisfactory to Bank, and (ii) Bank has terminated the Revolving Commitment.
Payment in Full of the Obligations means the unconditional, final and irrevocable payment in full, in immediately available funds, of all of the Borrower Obligations or the Guarantor Obligations, as the case may be, in each case, unless otherwise specified, other than indemnification and other contingent obligations not then due and payable in amounts and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the termination or expiration of all commitments to extend credit under the Credit Agreement. The expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein or in any other document with respect to the Borrower Obligations or the Guarantor Obligations shall have the correlative meanings.