Security Interest Termination Date definition

Security Interest Termination Date means the first date on which each of the following events shall have occurred: (a) all of the Company's and the Guarantors' obligations and liabilities under the Transaction Documents (except for the Xxxxxx Term Loan Amendment, the 2002 Xxxxxx Term Loan, the Registration Rights Agreement, the Xxxxxx Consent, the Xxxxxx Supply Agreement, the Xxxxxx Supply Agreement Amendment, the Xxxxxx Warrant, the Existing Debenture Amendments and the Existing Debentureholder Consent) shall have been either or both of (i) indefeasibly paid in full or, as applicable, indefeasibly discharged, or (ii) irrevocably converted in accordance with this Agreement and the Debentures, (b) none of the Company's or Guarantors' obligations or liabilities (whether actual or contingent) shall remain outstanding, except (with respect to subsection (a) and this subsection (b)) for the Company's obligations under the Registration Rights Agreement, and (c) Xxxxx, acting as agent for the Purchasers under the applicable Transaction Documents, shall have delivered written notification to the Company and the Guarantors of the satisfaction of the conditions in subsections (a) and (b) above.

Security Interest Termination Date means the date on which each of the following shall have occurred: (i) each and every Lender's Commitment under the Credit Agreement shall have been terminated; (ii) no Facility Note shall be outstanding; (iii) no Letter of Credit issued under or pursuant to the Credit Agreement shall be outstanding; (iv) no other amounts shall then be payable by the Debtor or the other Borrower to the Administrative Agent or any Lender under the Credit Agreement or any other Loan Document; and (v) all Facility Obligations shall have been fully, finally, and indefeasibly paid or performed to the Administrative Agent's satisfaction, unless at such time (x) an Event of Default relating to a default in the payment when due of principal of or interest on the Indenture Debt, shall have occurred and be continuing; (y) the maturity of any portion of the Indenture Debt shall have been accelerated; and (z) the Collateral Agent shall have received written notice from any Noteholder or the Trustee to such effect.

Security Interest Termination Date means the first date on which each of the following events shall have occurred: (a) all of

Examples of Security Interest Termination Date in a sentence

• Pursuant to Section 9-509(d) of the Uniform Commercial Code as in effect on the date hereof in the State of New York, the Secured Party hereby authorizes the Company to file a termination statement upon the occurrence of the Security Interest Termination Date; the Secured Party agrees to provide any further authorizations of such filing if requested by the Company.

• Such security interest shall automatically terminate upon the earlier of (i) the payment of principal and interest on the Notes and (ii) such time as the Notes are no longer outstanding (the "Security Interest Termination Date").

• This Guarantors General Security Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until the Security Interest Termination Date, (ii) be binding upon each Guarantor, and its successors and assigns and (iii) inure to the benefit of the Agent and its successors and assigns.

• Holding represents and warrants to Carlyle that at all times to the Security Interest Termination Date such security interest will be a first priority, perfected, non-preferential security interest in favor of Carlyle.

• In addition, Purchasers and Secured Party hereby covenant and agree promptly to execute and deliver any such document or instrument in respect of such subordination, and in respect of the occurrence of the Security Interest Termination Date, as the Company may reasonably request.

• The appointment of the Collateral Agent as such Assignor's attorney-in-fact, and each and every one of the Collateral Agent's rights and powers in connection therewith, being coupled with an interest, are and shall remain irrevocable until the Security Interest Termination Date.

• Upon the Security Interest Termination Date and the termination of the Purchase Agreement, the Agent shall cause to be transferred or returned to the Pledgor all of the stock pledged by the Pledgor herein and any money, property and rights received by the Agent pursuant hereto, to the extent the Agent has not taken, sold or otherwise realized upon the same as permitted hereunder, together with all other documents reasonably required by the Pledgor to evidence termination of the pledge contemplated hereby.

• The appointment of the Collateral Agent as Debtor's attorney-in-fact, and each and every one of the Collateral Agent's rights and powers in connection therewith, being coupled with an interest, are and shall remain irrevocable until the Security Interest Termination Date.

• Upon the Security Interest Termination Date, except in the case of a Reinstatement Event (as defined below), the Agent and the Lenders will, at the Guarantor's request and expense, execute and deliver to the Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to the Guarantor of an interest in the Borrower's Liabilities resulting from such payment made by the Guarantor pursuant to this Guaranty.

• To perfect such security interest, the Holding Company Securities and stock powers executed in blank by Holding with respect thereto will at all times commencing with their issuance to the Security Interest Termination Date be held by The First National Bank of Chicago (or another institution) ("Bank") pursuant to the Collateral Custodial Agreement in the form of Exhibit J to the Stock Purchase Agreement (the "Collateral Custodial Agreement").

More Definitions of Security Interest Termination Date

Security Interest Termination Date means the first date on which each of the following events shall have occurred: (a) all of the Company's and the Guarantors' obligations and liabilities under the Transaction Documents (except for the Watson Term Loan Amendment, the 2002 Watson Term Loan, the Registration Rights Agreement, the Watson Consent, the Watson Supply Agreement, the Watson Supply Agreement Amendment, the Watson Warrant, the Existing Debenture Amendments and the Existing Debentureholder Consent) shall have been either or both of

Security Interest Termination Date means the date upon which all Obligations have been indefeasibly paid in full, no Notes are outstanding and the Termination Date has occurred.

Security Interest Termination Date in Section 1.01 of the Credit Agreement is hereby amended by deleting the words "WC Termination Date" and substituting the following therefor: "WC Satisfaction Date".

Security Interest Termination Date means the date when the Borrower shall have delivered a Compliance Certificate evidencing that the REIT Guarantor and its Subsidiaries have Total Asset Value of $750,000,000 or more, which date shall be no earlier than the WC Termination Date.

Security Interest Termination Date means the first date on which each of the following events shall have occurred: (a) the occurrence of the Conversion Event, and (b) Xxxxx, acting as agent for the Purchasers under the applicable Transaction Documents, shall have delivered written notification to the Company and the Guarantors of the satisfaction of the condition in subsection (a) above.