Termination Declaration Date definition

Termination Declaration Date means the earlier to occur of (i) the date on which the Term Lender Agent declares all Obligations to be due and payable on account of an Event of Default and (ii) the Maturity Date.

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Termination Declaration Date has the meaning specified in Section 10.05(e).

Termination Declaration Date. ▇▇▇▇▇ the earliest to occur of (i) the date on which the LC Agent declares all Obligations to be due and payable on account of an Event of Default, (ii) the date on which the LC Agent declares a termination, reduction or restriction of any further commitment to extend credit to the Borrowers on account of an Event of Default, and (iii) the Maturity Date.

Examples of Termination Declaration Date in a sentence

Any payment or reimbursement made prior to the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall not reduce the Carve Out.
Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar-for-dollar basis.
Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve-Out on a dollar-for-dollar basis.
On the Termination Declaration Date, after funding the Pre-Carve Out Trigger Notice Reserve, the Debtors shall utilize all remaining cash on hand as of such date and any available cash thereafter held by any Debtor to fund a reserve in an amount equal to the Post-Carve Out Trigger Notice Cap (the “Post-Carve Out Trigger Notice Reserve” and, together with the Pre-Carve Out Trigger Notice Reserve, the “Carve Out Reserves”) prior to any and all other claims.
Any payment or reimbursement made prior to the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall not reduce the Carve-Out.
Following the occurrence of the Termination Declaration Date, all funds transferred to the Concentration Account and for which the Borrowers have received credits, and all other collections, Inventory Decline Repayments, Asset Disposition Repayments and Net Cash Proceeds, shall be applied to the Obligations in accordance with ss.15.4.
If, at the time of reference thereto, the Termination Declaration Date has not occurred, there is no Professional Expense Cap.
The Debtors shall deposit and hold such amounts in a segregated account maintained by the Debtors in trust (the “Funded Reserve Account”) to pay such Allowed Professional Fees prior to satisfying any and all other claims or obligations, and all payments of Allowed Professional Fees incurred (whether prior to or after the Termination Declaration Date) shall be paid first from such Funded Reserve Account.
Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar‑for-dollar basis.
Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve-Out on a dollar-for-dollar basis and shall be paid first from the Carve-Out Reserves.

More Definitions of Termination Declaration Date

Termination Declaration Date has the meaning assigned to such term in the last paragraph of Article VII.

Termination Declaration Date means the earliest to occur of (a) the date on which the Agent declares all Obligations to be due and payable on account of the occurrence of an Event of Default, (b) the date on which the Agent declares a termination of the Commitments on account of the occurrence of an Event of Default, and (c) the Termination Date.

Termination Declaration Date means the date that the Agent provides a Termination Declaration to the Debtors.

Termination Declaration Date has the meaning assigned in Section 2.3(3).

Related to Termination Declaration Date

Escrow Termination Date has the meaning set forth in Section 11.7.
Accretion Termination Date As defined in the Series Supplement.
Initial Termination Date has the meaning set forth in Section 9.1(b)(i).
Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.
Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

Related to Termination Declaration Date

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