Senior Discharge Date definition

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.

Senior Discharge Date means the date on which the Senior Agent is satisfied that all of the Senior Debt and the Hedging Debt has been irrevocably paid and discharged and all Commitments of the Senior Creditors and all obligations of the Hedging Banks under the Hedging Documents have been terminated.

Senior Discharge Date has the meaning set forth in Section 2.

Examples of Senior Discharge Date in a sentence

• Subordinated Creditor Prior to the Senior Discharge Date, no Subordinated Creditor may take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss from the Borrower or any other person in respect of any of the Subordinated Liabilities.

• Prior to the Senior Discharge Date, the Subordinated Creditor will not exercise any rights which it may have to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights under the Senior Finance Documents of the Senior Lender.

• Subordinated Creditor Subject to Clause 4.7 (Permitted Enforcement: Subordinated Creditor), no Subordinated Creditor shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date.

More Definitions of Senior Discharge Date

Senior Discharge Date means the date on which all Senior Secured Obligations have been fully and indefeasibly discharged in full.

Senior Discharge Date has the meaning given to that term in the Intercreditor Agreement.

Senior Discharge Date means the first date on which each of the Senior Creditor Discharge Date, the Senior Notes Discharge Date and the Permitted Senior Financing Discharge Date has occurred.

Senior Discharge Date means the date on which all amounts outstanding under the Senior Facility Agreement have been discharged in full.

Senior Discharge Date means the date on which all Senior Indebtedness has been fully discharged and all commitments of the Holders of Senior Indebtedness to the Issuer have been terminated or cancelled in accordance with the Senior Permitted Debt Documents (including, but not limited to, any commitment or other obligation of a Secured Hedging Counterparty under a Secured Hedging Agreement).

Senior Discharge Date means, generally, the first date on which all Senior Liabilities have been fully and finally discharged to the satisfaction of each Senior Agent (in the case of the Senior Lender Liabilities) and each Hedge Counterparty (in the case of its Hedging Liabilities), whether or not as the result of an enforcement, and the Senior Creditors (in that capacity) are under no further obligation to provide financial accommodation to any of the Debtors under the Debt Documents.

Senior Discharge Date means the first date on which: