Pledge Release Date definition

Pledge Release Date means the earlier of (a) the first date on which the Rating from S&P shall be not less than A- and the Rating from Moody's shall be not less than A3 and (b) the date on which the Borrower sells, transfers or otherwise disposes of all the Equity Interests in Avista Capital, Inc., in a transaction not prohibited by this Agreement.
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Pledge Release Date has the meaning assigned to it in Section 9.19.
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Pledge Release Date means the date on which the trustee releases the Collateral, which shall date be concurrent with, or subsequent to, the date that the trustee receives the Pledge Release Instruction stating that the Refinancing Condition has occurred.
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Examples of Pledge Release Date in a sentence

  • In connection therewith, the Borrower shall promptly deliver to the Administrative Agent a new fully executed Pledge Agreement and each of the items required pursuant to Section 7.14(a) with respect to the Equity Interests to be subject to such new Pledge Agreement, and Borrower shall thereafter comply with this Section 7.14 until the Equity Pledge Release Date.

  • Upon the date of execution and delivery of a Guaranty by a Restricted Subsidiary, the capital stock or other ownership interests of which has theretofore been subject to a Pledge Agreement (each such date, a "Pledge Release Date"), the Collateral Agent shall release and discharge, at the cost or expense of Borrower, such capital stock or other ownership interests from the liens and security interests created by such Pledge Agreement.

  • Subsequent to the Pledge Release Date, the Securities will rank junior to all of the secured indebtedness of the Company and the indebtedness of all of the Subsidiaries of the Company.

  • Promptly after the Pledge Release Date, the Agent shall (and the Banks hereby authorize and instruct the Agent to) take such action and execute any such documents as may reasonably be requested by the Borrower to release the Lien of the Pledge Agreement.

  • This Pledge Agreement shall remain in full force and effect until the earliest to occur of (i) the Equity Pledge Release Date, (ii) termination of this Pledge Agreement in accordance with Section 7.14(c) of the Credit Agreement and (iii) indefeasible payment in full of the Obligations (other than contingent indemnity obligations) and termination of all commitments to extend credit under the Loan 164 Documents.

  • This Pledge Agreement shall remain in full force and effect until the earliest to occur of (i) the Equity Pledge Release Date, (ii) termination of this Pledge Agreement in accordance with Section 7.14(c) of the Credit Agreement and (iii) indefeasible payment in full of the Obligations (other than contingent indemnity obligations) and termination of all commitments to extend credit under the Loan Documents.

  • The Sale Shares (other than those owned by IFC) are subject to the Share Pledges and such Share Pledges shall only be released upon the Share Pledge Release Date.

  • So long as no Event of Default shall have occurred and be continuing, this Pledge Agreement shall terminate upon the earlier of (i) the payment in full in cash of the Secured Obligations and (ii) the Pledge Release Date (as defined in the Indenture).

  • In addition, prior to the Pledge Release Date (as defined in the Indenture) the Securities will be secured by the pledge of an unsubordinated promissory note issued by Grupo Industrial Durango, S.A. de C.V. ("GID") to the Company on the date hereof, in a principal amount at least equal to the principal amount of the Outstanding Securities, as amended or supplemented from time to time.

  • On the later of (i) the Initial Sale Shares Transfer Date and (ii) Share Pledge Release Date, Purchaser shall deliver a Power of Attorney to Vote to each Selling Shareholder relating to thirty (30) percent of such Selling Shareholder's Sale Shares being that number of Sale Shares set forth opposite such Selling Shareholder's name in the column entitled "30% Initial Closing/No, of Shares" in Schedule 2.1, duly executed and delivered by the Purchaser.

Related to Pledge Release Date

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Pledge Amendment shall have the meaning assigned to such term in Section 5.1 hereof.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Notice has the meaning specified in Section 11.19(b).

  • Opt-Out Date means the date by which Settlement Class Members must mail their requests to be excluded from the Settlement Class for that request to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • First Priority Principal Payment means, for a Payment Date, the greater of:

  • Pledge Agreement Supplement means the Pledge Agreement Supplement in the form affixed as an exhibit to the Pledge Agreement.

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Pre-Release Transaction shall have the meaning set forth in Section 5.10.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Release Event has the meaning set forth in Section 6(b).

  • Pledge Supplement means any supplement to this agreement in substantially the form of Exhibit A.

  • Second Priority Principal Payment means, for a Payment Date, the greater of:

  • Conditional release means a revocable modification of a

  • Security Joinder Agreement means each Security Joinder Agreement, substantially in the form thereof attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 7.12.