COLLAGERATOR RELEASE DATE FULL
COLLAGERATOR RELEASE DATE CODE
COLLAGERATOR RELEASE DATE SERIES

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.Įlection Date means the date for any series of Registered Securities as specified pursuant to clause (15) of Section 3.01 by which the written election referred to in paragraph (b) above may be made.

COLLAGERATOR RELEASE DATE FULL

Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, Septemas to the LONG TERM REDUCING REVOLVING NOTE, as to the REVOLVING NOTE, (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 all OBLIGATIONS. Related to Collateral Release Election DateĬollateral Release Date means any date after a Collateral Trigger Date on which no Default or Event of Default is continuing and the Borrower delivers a Release Certificate as required by Section 8.15.Ĭollateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event. Default: Any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an E.

COLLAGERATOR RELEASE DATE CODE

Debtor Relief Laws: The Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. Custodian: Any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. It is understood and agreed that the Borrower shall in no event be under any obligation to cause occurrence of the Collateral Release Election Date, and the steps described in clauses (iii), (iv), (v), (vi) and (vii) above shall occur substantially simultaneously, if at all. Collateral Release Election Date. The first date on which each of the following conditions shall have been satisfied: (i) the LLA Approval Date shall have occurred, (ii) the Borrower shall have delivered to Lenders, not later than 10 days following the LLA Approval Date, written notice of the occurrence of the LLA Approval Date, together with (A) evidence of the occurrence thereof and (B) a written notice of its election to exercise its right to have the amounts on deposit in the Collateral Account released to it, ( iii) the Borrower shall have delivered to the Lenders (A) mortgages, (B) customary UCC-1 financing statements with authorization to file and (C) a customary legal opinion as to the validity and perfection of all security interests (iv) the Lenders shall have caused the amounts on deposit in the Collateral Account to have been released to the Borrower in accordance with Section 4(g)(vi) (v) the Lenders and the Collateral Agent (as defined in the First Lien Indenture) shall have entered into a customary “ pari passu” intercreditor agreement satisfactory to them (vi) the Lenders shall have become party to the Intercreditor Agreement and the Obligations shall have become “ First Lien Obligations” as defined therein (vii) the Lenders shall have entered into a security agreement with the Borrower and the Guarantors in form and substance similar to the Security Agreement and acceptable to the Lenders and, in any event, granting the Lenders a security interest in all of the collateral described in the Security Agreement, as in effect on the date hereof and (viii) the Leverage Ratio Condition shall have been satisfied.

Collagerator release date