Term Loan Obligations Payment Date definition

Term Loan Obligations Payment Date as defined in the Intercreditor Agreement.

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full, and (b) all commitments to extend credit under the Term Loan Documents have been terminated.

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full, (b) all commitments to extend credit under the Term Loan Documents have been terminated, and (c) so long as the ABL Obligations Payment Date shall not have occurred, the Term Loan Representative has delivered a written notice to the ABL Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the Term Loan Secured Parties.

Examples of Term Loan Obligations Payment Date in a sentence

• The ABL Representative, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to the Term Loan Representative or any Term Loan Secured Party pursuant to the provisions of this Agreement shall entitle the ABL Representative or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Term Loan Obligations Payment Date.

• Until the Term Loan Obligations Payment Date, the ABL Representative agrees, on behalf of itself and the other ABL Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Term Loan Priority Collateral, without the prior written consent of the Term Loan Representative.

• There exist already guidelines and proper standards that address the requirement that electrical and mechanical equipment as well as monitoring and control tools have to satisfy to be successfully utilised.Due to their different function, that is generating energy, marine energy devices may adopt, depending on their concept, particular components for power take-off.

• Subject to Section 5.5, this Agreement shall continue to be effective, and shall not be revocable by any party hereto, until the earlier of (i) the ABL Obligations Payment Date and (ii) the Term Loan Obligations Payment Date.

• All payments on, and proceeds of, Accounts (other than, prior to the Term Loan Obligations Payment Date (as such term is defined in the Xxxxx Intercreditor Agreement), the Biosense Accounts), shall be deposited directly by the applicable Account Debtor into a lockbox account, or such other “blocked account” as Bank may specify, pursuant to a blocked account agreement in form and substance satisfactory to Bank in its sole discretion.

More Definitions of Term Loan Obligations Payment Date

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full (or cash collateralized or defeased in accordance with the terms of the Term Loan Documents) and (b) the Term Loan Agent has delivered a written notice to the ABL Agent stating that the foregoing has occurred to the satisfaction of the Term Loan Secured Parties, which notice shall be delivered by the Term Loan Agent to the ABL Agent promptly after the occurrence of the events described in clause (a) (but without liability for any failure to so deliver such notice).

Term Loan Obligations Payment Date means the first date on which (a) the [Term Loan] Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full, (b) all commitments to extend credit under the [Term Loan] Documents have been terminated, and (c) so long as the ABL Obligations Payment Date shall not have occurred, the [Term Loan] Representative has delivered a written notice to the ABL Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the [Term Loan] Secured Parties.

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full, (b) all commitments (including, without limitation, any commitments under any “Incremental Facilities” (as defined in the Term Loan Agreement)) to extend credit under the Term Loan Documents have been terminated, and (c) so long as the ABL Obligations Payment Date shall not have occurred, the Term Loan Representative has delivered a written notice to the ABL Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the Term Loan Secured Parties.

Term Loan Obligations Payment Date means the first date on which both the First Lien Term Loan Obligations Payment Date and the Second Lien Term Loan Obligations Payment Date has occurred.

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full, (b) all commitments to extend credit under the Term Loan Documents have been terminated, and (c) so long as the RCF Obligations Payment Date shall not have occurred, the Term Loan Representative has delivered a written notice to the RCF Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the Term Loan Secured Parties, which notice shall be delivered by the Term Loan Representative to the RCF Representative promptly after the occurrence of the events described in clauses (a) and (b).

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full (or cash collateralized or defeased in accordance with the terms of the U.S. Loan Documents) and (b) the Term Collateral Agent has delivered a written notice to the U.S. Revolver Collateral Agent and the International Collateral Agent stating that the foregoing has occurred to the satisfaction of the Term Loan Secured Parties, which notice shall be delivered by the Term Collateral Agent to the U.S. Revolver Collateral Agent and the International Collateral Agent promptly after the occurrence of the events described in clause (a) (but without liability for any failure to so deliver such notice).

Term Loan Obligations Payment Date means the first date on which (a) the Term Loan Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash or cash collateralized in full, (b) all commitments to extend credit under the Term Loan Documents have been terminated, (c) so long as the ABL Obligations Payment Date shall not have occurred, the Term Debt Representative has delivered a written notice to the ABL Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the Term Loan Secured Parties, and (d) so long as the Receivables Obligations Payment Date shall not have occurred, the Term Debt Representative has delivered a written notice to the Receivables Representative stating that the events described in clauses (a) and (b) have occurred to the satisfaction of the Term Loan Secured Parties.