Subordination Termination Date definition

Subordination Termination Date means the date that all outstanding Senior Debt (other than contingent indemnity obligations that survive termination of the Senior Loan Documents and for which no claim has been asserted) is paid in full in cash (or otherwise repaid to the satisfaction of the Senior Creditor) and Senior Creditor Agent and Senior Creditor have no further obligation to make loans or provide any other financial accommodations to Company pursuant to the Senior Debt Documents.
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Subordination Termination Date has the meaning set forth in Section 4 of the Participation Rights Agreement.
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Subordination Termination Date means the date that is 90 days after all outstanding Senior Debt is paid in full in cash and Senior Creditor Agent and Senior Creditor have no further obligation to make loans or provide any other financial accommodations to Northstar, Company or any of their subsidiaries or affiliates.
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Examples of Subordination Termination Date in a sentence

  • On and after the Subordination Termination Date, Subordinated Creditor shall be subrogated to the rights of Senior Creditor Agent and Senior Creditor to receive Distributions with respect to the Senior Debt until the Subordinated Debt is paid in full.

  • Until the Subordination Termination Date, in the event of any sale, transfer, lease, license or other disposition (including a casualty loss or taking through eminent domain) of the Collateral or any other asset of the Company, the proceeds resulting therefrom (including proceeds from insurance or any other Enforcement Action) shall be applied in accordance with the terms of the Senior Debt Documents or as otherwise consented to by Senior Creditor Agent.

  • Until the Subordination Termination Date, Subordinated Creditor shall not, without the prior written consent of Senior Creditor Agent, take any Enforcement Action with respect to the Subordinated Debt.

  • Until the Subordination Termination Date, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, neither the Company nor Subordinated Creditor shall, without the prior written consent of Senior Creditor Agent, agree to any amendment, modification, waiver or supplement to the Subordinated Debt Documents.

  • Senior Creditor Agent and/or Senior Creditor shall have the exclusive right to enforce rights and exercise remedies with respect to the Collateral and any other assets of the Company until Subordination Termination Date.

  • Prior to the Subordination Termination Date, unless the Administrative Agent under each Loan Agreement otherwise consents in writing, Maker and Payee shall not (a) amend or modify any of the provisions of this Article IV, (b) increase the outstanding principal balance of this Note, (c) shorten the Maturity Date or any other date for the payment of principal or interest, or (d) increase interest rate applicable to this Note (excluding fluctuations in the Interest Rate in accordance with its terms).

  • Each Stockholder agrees to subordinate any registration rights granted with respect to the unregistered securities of the Company owned by it (including any unregistered securities it may acquire in the future), to the Investor under the Registration Rights Agreement, and agrees that it shall be bound by Sections 1(b) and 2(c) therein until the end of the 42nd month after the month in which the Closing under the Purchase Agreement occurs (the "Subordination Termination Date").

  • After the Subordination Termination Date, the Investor and the Stockholders will be pari passu with respect to the priority of sale in any piggyback registration rights granted to such parties as set forth in the Registration Rights Agreement.

  • This Article 10 defines the relative rights of Securityholders and holders of Senior Indebtedness prior to the Subordination Termination Date.

  • No payment or distribution to the holders of Senior Indebtedness pursuant to the provisions of this Note shall entitle Payee to exercise any rights of subrogation in respect thereof prior to the Subordination Termination Date, and until such time Payee shall not have any right of subrogation to such holders of Senior Indebtedness on account of this Note.


More Definitions of Subordination Termination Date

Subordination Termination Date means the first date on which all amounts due or to become due on or in respect of Bank Indebtedness have been paid in full in cash and all commitments under the Bank Documents have been irrevocably terminated. If the definition contained in this Agreement of any document or agreement shall exclude any amendment, modification or supplement (or any portion thereof), then such definition shall be deemed to mean such document or agreement and all amendments, modifications and supplements (or portions thereof) not so excluded.
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Subordination Termination Date means the date that is that is ninety-one (91) days after all outstanding Senior Debt is paid in full in cash or cash equivalents and GE Capital and all other lenders under the Senior Debt Documents have no further obligation to make loans or provide any other financial accommodations to Company.
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Subordination Termination Date means the second anniversary of the date of this Agreement, provided that (a) the prior indefeasible payment and performance in full and in cash of all Obligations has occurred and (b) no Trigger Event or Potential Trigger Event has occurred and is continuing.
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Subordination Termination Date. The Payment Date on which the Subordinated Amount is reduced to zero.]
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Subordination Termination Date means the date after the date hereof on which the following shall have occurred: (a) payment in full in cash of the principal of and interest (including interest accruing during the pendency of any Proceeding, regardless of whether allowed or allowable in such Proceeding) and premium, if any, on all debt outstanding under the Loan Agreements, (b) payment in full in cash of all other Obligations that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid, (c) cancellation of or the entry into arrangements satisfactory to the applicable administrative agent with respect to all letters of credit issued and outstanding under any Loan Agreement and (d) termination or expiration of all commitments to lend and all obligations to issue or extend letters of credit under the Loan Agreements. All terms used herein, whether or not defined in Section 1.1 hereof, and whether used in singular or plural form, shall be deemed to refer to the object of such term whether such is singular in nature, as the context may suggest or require.
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Subordination Termination Date means the first date (but not earlier than January 1, 1998) as of which (i) the Securitization has been consummated, (ii) any consents required under the Senior Credit Documents in connection with the conversion contemplated by Section 10.18 shall have been obtained and (iii) no default or event of default shall have occurred and be continuing under the Senior Credit Documents.
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Related to Subordination Termination Date

  • Accretion Termination Date As defined in the Series Supplement.

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

  • 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.

  • 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.

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

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

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

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

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Agreement Termination Date is defined in Section 7.4.

  • 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.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

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

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

  • 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.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • 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).

  • Subordination Event means any one of the following events:

  • Subordination Depletion Date The Distribution Date preceding the first Distribution Date on which the Class A Percentage (determined pursuant to clause (ii) of the definition thereof) equals or exceeds 100%.

  • Liquidity Termination Date means the earlier to occur of (a) July 13, 2009, as such date may be extended from time to time by the Lender’s Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to the Lender.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Event Termination Date See Section 2(e) hereof.

  • Accrual Termination Date Not applicable.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.