Senior Lien Termination Date definition

Senior Lien Termination Date means the date on which the Discharge of Senior Obligations (as such term is defined in the First Lien/Second Lien Intercreditor Agreement) has occurred.
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Senior Lien Termination Date means the date on which the Senior Lien is terminated.
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Senior Lien Termination Date shall have the meaning provided in Section 19(a)(1).
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Examples of Senior Lien Termination Date in a sentence

  • As used herein, the term "REQUIRED SECURED CREDITORS" shall mean (a) prior to the Senior Lien Termination Date, the Senior Creditor, and (b) thereafter, the Required Banks.

  • All action necessary to perfect and protect such security interest has been duly taken, except for the Agent's or the Agent's custodian, nominee or other designee) having possession of the Pledged Residuals after the Senior Lien Termination Date.

  • Except for sales of Collateral permitted (a) after the Senior Lien Termination Date, pursuant to the Credit Agreement, or (b) at any time with the written consent of the Required Secured Creditors, the Pledgor will not sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein except in accordance with the terms of this Agreement.

  • After the Senior Lien Termination Date such security interest will be a perfected, first priority security interest.

  • After the Senior Lien Termination Date, such security interest will be a perfected, first priority security interest.

  • Pledgor hereby authorizes SCIL Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Shares and Pledged Indebtedness listed on any Pledge Amendment delivered to Senior Agent (or, after the Senior Lien Termination Date, to SCIL Agent) shall for all purposes hereunder be considered Pledged Collateral.

  • At all times following the Senior Lien Termination Date, all certificates and all promissory notes and instruments evidencing the Pledged Collateral shall be delivered to and held by or on behalf of SCIL Agent, for itself and the ratable benefit of SCIL Lenders, pursuant hereto.

  • Until the Senior Lien Termination Date has occurred, the Term Loan Agent, on behalf of itself and the Term Lenders, agrees that neither the Term Loan Agent nor any Term Lender shall seek relief from the automatic stay or any other stay in any Insolvency Proceeding for purposes of taking any enforcement action in respect of the Collateral, without the prior written consent of the Revolving Credit Agent and the Required Revolving Credit Lenders.

  • Notwithstanding anything herein to the contrary, Pledgor shall not be required to perform any covenant or obligation under this Agreement to the extent that compliance with such covenant or performance of such act would conflict with the terms of any agreement of Pledgor in favor of Senior Agent until the Senior Lien Termination Date shall have occurred.


More Definitions of Senior Lien Termination Date

Senior Lien Termination Date means the date on which all Revolving Credit Obligations (other than contingent indemnity obligations) shall have been paid in full up to but not exceeding the then maximum principal or face amount of the Revolving Credit Obligations entitled to the Lien priorities under Section 5.01 (as determined in accordance with Section 3.04).
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Senior Lien Termination Date means the “Termination Date” as defined in the Senior Credit Agreement
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Related to Senior Lien Termination Date

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Subordination Period means the period commencing on the Closing Date and ending on the first to occur of the following dates:

  • Bankruptcy Coverage Termination Date The point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.

  • Accretion Termination Date As defined in the Series Supplement.

  • Agreement Termination Date is defined in Section 7.4.

  • Lease Termination Date means the last day of the Lease Term.

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Revolving Termination Date means the earlier to occur of:

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Forbearance Period means the period beginning on the Forbearance Effective Date and ending on the Forbearance Termination Date.

  • Extended Termination Date has the meaning specified in Section 2.16(c).