Term Facility Obligations definition

Term Facility Obligations means all “Term Loan Obligations” (as such term is defined in the Term/Notes Collateral Agreement) of the Company and other obligors outstanding under, and all other obligations in respect of, the Term Facility or any of the other Term Facility Documents.

Term Facility Obligations. (1) with respect to the Term Facility Agreement, all “Obligations” as defined in the Term Facility Agreement, and (2) with respect to each other Term Facility Agreement, (a) all principal of and interest (including, without limitation, any Post-Petition Interest) and premium (if any) on all loans made pursuant to the Term Facility Agreement and (b) all Term Facility Guarantees, fees, expenses and other Obligations payable from time to time pursuant to the Term Facility Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Term Facility Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Revolving Facility Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Revolving Facility Secured Parties and the Term Facility Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

Term Facility Obligations means, collectively, the First Lien Term Loan Obligations and the Second Lien Term Loan Obligations.

Examples of Term Facility Obligations in a sentence

• The DIP Term Facility Agent shall have the right to deduct from and pay interest, fees and expenses of the DIP Term Facility Obligations from the proceeds in the DIP Term Facility Priority Account (including the fees and expenses of the DIP Term Facility Agent), subject to and in accordance with Paragraph 8 below.

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• In the event that any Revolving Facility Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Term Facility Liens and the Term Facility Obligations) to the same extent as all other Liens securing the Revolving Facility Obligations are subject to the terms of this Agreement.

• In the event that any Term Facility Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Revolving Facility Liens and the Revolving Facility Obligations) to the same extent as all other Liens securing the Term Facility Obligations are subject to the terms of this Agreement.

• This Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier to occur of the Revolving Facility Obligations Payment Date and the Term Facility Obligations Payment Date.

More Definitions of Term Facility Obligations

Term Facility Obligations means the “Obligations” as defined in the Term Facility.

Term Facility Obligations means the obligations (including, without limitation, the Obligations) of the Company and its Subsidiaries incurred or arising under any Term Facility Debt Document, any Secured Cash Management Agreement (as defined in the Term Facility Credit Agreement), any Secured Hedge Agreement (as defined in the Term Facility Credit Agreement) or any Secured Specified Credit Agreement (as defined in the Term Facility Credit Agreement).

Term Facility Obligations means the “Obligations” (under and as defined in the Term Facility Credit Agreement) of the Loan Parties under the Term Facility Documents, whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 6.01(f) of the Term Facility Credit Agreement.

Term Facility Obligations shall have the meaning assigned to such term in the Term Loan/Revolving Facility Intercreditor Agreement.

Term Facility Obligations means the “Obligations” as such term is defined in the Term Facility Credit Agreement.

Term Facility Obligations means all amounts owing to any party pursuant to the terms of any Term Facility Loan Document, including, without limitation, all amounts in respect of any principal, premium, interest (including any interest and fees accruing subsequent to the commencement of an Insolvency Proceeding at the rate provided for in the Term Facility Credit Agreement, whether or not such interest or fees are allowed claims under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts and including, without limitation, “Indebtedness”, as defined in the Term Facility Credit Agreement.

Term Facility Obligations means any and all obligations of the Term Facility Borrower with respect to the Term Loans.