Program Termination Date means the later to occur of (i) the Secondary Lender Termination Date, and (ii) the date that all Borrower Obligations have been finally paid in full; provided, however, that if any payment in respect of any Borrower Obligation made to any Secured Party must be rescinded or returned for any reason whatsoever (including the insolvency or bankruptcy of the Borrower) such Borrower Obligation shall be deemed to be reinstated as though such payment had not been made and the Program Termination Date shall be deemed to have not occurred.

Program Termination Date shall have the meaning assigned to such term in Section 7.02 (or corresponding Section) of the Origination Agreements.

Program Termination Date means the earliest of (i) the date of occurrence of any event described in Section 7.01(a) hereof, (ii) the date of the declaration of the Program Termination Date pursuant to any other subsection of Section 7.01 or (iii) the date of the declaration of the Program Termination Date by, and at the option of, the Lender upon the occurrence of a Program Termination Event.

Examples of Program Termination Date in a sentence

Notwithstanding the foregoing, any Receivables and Receivable Assets contributed to the Company, prior to the Company and the Administrative Agent receiving a written notice expressly stating that a Program Termination Date has occurred, shall continue to be property of the Company.
On the terms and conditions hereinafter set forth, the Lender shall make loans (“Loans”) to the Borrower secured by Pledged Assets from time to time during the period from the date hereof until the earlier of the Program Termination Date or the Facility Maturity Date.
For the avoidance of doubt, once the Collateral Agent has begun the foreclosure process, each Program Termination Event which caused the Program Termination Date to occur may not be cured without the prior written consent of the Lenders and the Collateral Agent.
The period between the Program Termination Date and the Wind Down Termination Date is the Service Term.
Accordingly, the Collateral Agent may elect, in its sole discretion, the time and manner of liquidating any Pledged Assets, and nothing contained herein shall obligate the Collateral Agent to liquidate any Pledged Assets immediately on the Program Termination Date or to liquidate all Pledged Assets in the same manner or on the same Business Day.

More Definitions of Program Termination Date

Program Termination Date means the date on which the Obligations shall have been finally paid in full and Lender's commitment to make Advances has terminated.

Program Termination Date means the date of the occurrence of a Program Termination Event which has not been waived by the Controlling Holders.

Program Termination Date means the date determined by the Board in a Supplemental Resolution as the last day of a Program Period.

Program Termination Date means the date on which the Program expires pursuant to Section 6 hereof.

Program Termination Date means, with respect to each Program, (a) the date when [***] ([***]) days expire following Codexis’s receipt of a termination notice from Takeda pursuant to Section 5.3 or (b) the date of termination of this Agreement with respect to such Program pursuant to Section 15.2.

Program Termination Date means December 31, 2017.”