Repaid in Full definition

Repaid in Full or "Repayment in Full" or any similar terms when used in connection with the Obligations shall mean the final indefeasible payment in full of such Obligations in cash or immediately available funds and termination of all lending commitments or, in the case of Obligations consisting of contingent obligations in respect of letters of credit, bankers' acceptances or other reimbursement or payment type guaranties under the Credit Documents, the setting apart of cash sufficient to discharge such portion of the Obligations in an account for the exclusive benefit of the holders thereof, in which such holders shall be granted a first priority perfected security interest which shall have been retained by Agent and Lenders, in each case, for a period of time in excess of all applicable preference or other similar periods under the U.S. Bankruptcy Code and other applicable insolvency laws, state or Federal.

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Repaid in Full. “Repay in Full,” “Pay in Full,” and “Payment in Full” shall mean, with respect to any referenced DIP Obligations and/or Existing RBL Obligations, (i) the indefeasible payment in full in cash of such obligations, and (ii) the termination or cash collateralization, in accordance with the DIP Loan Documents or Existing RBL Loan Documents, as applicable, of all undrawn letters of credit outstanding thereunder, and (iii) the termination of all credit commitments under the DIP Loan Documents and/or Existing RBL Loan Documents, as applicable.

Repaid in Full or “Repayment in Full” means the payment in full of the Loans and all other Obligations (other than Excluded Obligations) that are accrued and payable and the termination or expiration of the Commitments and the termination of all outstanding Letters of Credit (or the Cash Collateralized or backstop thereof on terms reasonably satisfactory to the Administrative Agent and the applicable Issuing Bank).

Examples of Repaid in Full in a sentence

Each Loan Party hereby appoints each Agent as its lawful attorney-in-fact to sign such Loan Party's name on any documents necessary to perfect or continue the perfection of any security interest or other Lien in the Collateral regardless of whether an Event of Default has occurred and is continuing until all Obligations have been Repaid in Full.
Each Loan Party hereby appoints Collateral Agent as its lawful attorney-in-fact to sign such Loan Party’s name on any documents necessary to perfect or continue the perfection of any security interest or other Lien in the Collateral regardless of whether an Event of Default has occurred and is continuing until all Obligations have been Repaid in Full.
If this Agreement is terminated, Collateral Agent’s Lien in the Collateral shall continue until all Obligations are Repaid in Full (other than Unasserted Obligations).

Repaid in Full means termination of all commitments to extend credit that would constitute Priority Lien Debt, payment in full in cash of the principal of and interest and premium (if any) on all Priority Lien Debt (except undrawn letters of credit), discharge or cash collateralization (at the lower of (1) 105% of the aggregate undrawn amount and (2) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable Priority Lien Document) of all letters of credit outstanding under any Priority Lien Debt, and payment in full in cash of all other Priority Lien Obligations (except Unasserted Contingent Obligations) that are outstanding and unpaid at the time the Priority Lien Debt is repaid in full in cash. “paid in full” shall have the correlative meaning.

Paid in Full or “Payment in Full” means the indefeasible payment in full in cash of all of the Guaranteed Obligations.
Payment in Full means, with respect to any Obligations (a) the payment in full in cash of all such Obligations (other than contingent indemnification and expense reimbursement obligations to the extent no claim giving rise thereto has been asserted) and (b) the termination or expiration of all of the Commitments.