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.

Subordination Termination Date has the meaning set forth in Section 4 of the Participation Rights Agreement.

Subordination Termination Date means the date after the date hereof on which all Senior Indebtedness has been paid in cash and satisfied in full and the lenders under the Credit Documents have no outstanding commitment (whether or not conditioned on the satisfaction of any condition precedent) to lend money or otherwise extend credit to the Company under the Credit Documents.

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

• 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.

• 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.

• Each member of the Board or the Option Committee (and each person to whom any of them has delegated any authority or power under this Plan) shall be fully justified in relying or acting in good faith upon any report made by the independent public accountants of the Company and its Subsidiaries and upon any other information furnished in connection with the Plan.

More Definitions of Subordination Termination Date

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.

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.

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.

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.

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.

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.

Subordination Termination Date. The Payment Date on which the Subordinated Amount is reduced to zero.]