Second Lien Discharge Date definition

Second Lien Discharge Date means the later of the Second Lien Loan Discharge Date and the Second Lien Notes Discharge Date.
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Second Lien Discharge Date means the first date on which all Second Lien Liabilities have been fully and finally discharged to the satisfaction of each Second Lien Notes Trustee (in the case of the Second Lien Notes Liabilities) and Second Lien Agent (in the case of the Second Lien Lender Liabilities), whether or not as the result of an enforcement, and the Second Lien Creditors (in that capacity) are under no further obligation to provide financial accommodation to any of the Debtors under any of the Debt Documents.
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Second Lien Discharge Date means the latest of:
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Examples of Second Lien Discharge Date in a sentence

  • Unsecured Finance Parties) or until the later of the Senior Secured Discharge Date and the Second Lien Discharge Date has occurred or unless an Instructing Group otherwise agrees.

  • The Borrower covenants and agrees with the Lenders that the Second Lien Discharge Date shall occur within thirty (30) days of the Effective Date.

  • The failure of the Second Lien Discharge Date to occur prior to a date that is within thirty (30) days of the Effective Date shall result in an Event of Default under the Credit Agreement.

  • If after the Second Lien Discharge Date and a High Yield Notes Stop Notice has been issued and is current and the Senior Finance Parties have taken Enforcement Action, provided the High Yield Notes Trustee has received instructions and confirmation that all conditions in Clause 22.2 (Terms of purchase) will be satisfied at the relevant time from the High Yield Noteholders, then the High Yield Notes Trustee or holders of at least 50 per cent.

  • Subject to Section 7.02, this Agreement shall terminate and be of no further force and effect upon the first to occur of (a) the Discharge of First Lien Obligations and (b) the Second Lien Discharge Date.


More Definitions of Second Lien Discharge Date

Second Lien Discharge Date means the first date on which all Second Lien Liabilities have been fully and finally discharged to the satisfaction of the Second Lien Agent, whether or not as a result of an enforcement, and the Second Lien Creditors are under no further obligation to provide financial accommodation to any of the Debtors under the Debt Documents.
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Second Lien Discharge Date means the date on which the Second Lien Discharge has occurred.
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Second Lien Discharge Date has the meaning assigned such term in Section 8.18.
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Second Lien Discharge Date has the meaning assigned to such term in the definition of “Maturity Date”. “Second Lien Facility” means that certain Second Lien Term Loan Credit Agreement, dated as of April 26, 2017, among the Borrower, the Second Lien Administrative Agent, the lenders party thereto and the other parties thereto from time to time, together with any amendment, restatement, modification, refinancing, replacement or Take Back Debt. “Second Lien Obligations” means the “Obligations” (as defined in the Second Lien Facility) and including, for the avoidance of doubt, the Take Back Debt. “Secured Cash Management Bank” means any Lender or any Affiliate of a Lender that is a counterparty to a Cash Management Agreement with the Borrower or any other Group Member. “Secured Cash Management Obligations” means all obligations of the Borrower or any other Group Member arising from time to time under any Cash Management Agreement with a Secured Cash Management Bank. “Secured Obligations” means any and all amounts owing or to be owing by any Loan Party (a) to the Administrative Agent, any Issuing Bank, any Lender or any other Person under any Loan Document, (b) to any Secured Swap Provider under a Secured Swap Agreement or (c) to any Secured Cash Management Bank in respect of Secured Cash Management Obligations, and all renewals, extensions and/or rearrangements of any of the foregoing, in each case, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising (including interest accruing after the maturity of the Loans and LC Disbursements and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding); provided that solely with respect to any Group Member that is not an “eligible 29 007870-0083-15888-Active.27383864
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Related to Second Lien Discharge Date

  • Senior Discharge Date means the first date on which all of the Senior Debt (other than contingent indemnification obligations) has been paid indefeasibly in full in cash and all commitments of Senior Lenders under the Senior Loan Documents have been terminated.

  • Final Discharge Date means the date when all principal, interest and any other costs or outstanding amounts under the Senior Finance Documents have been irrevocably discharged in full and all commitments of the Secured Parties under the Senior Finance Documents have expired, been cancelled or terminated.

  • Discharge Date means the date when the outstanding Obligations (other than unasserted contingent payment obligations that by their nature expressly survive the termination of the Financing Documents) have been paid in full in cash and all Commitments have been terminated.