Upfront Payment Date definition
Upfront Payment Date means the later of (x) 10am ET on the date that holders beneficially owning or controlling with the power to vote in favor of the Plans of at least 66.66% of the outstanding amount of the Company’s obligations under the Credit Agreement as of such date have executed this Agreement or agreed to abide by its material terms and (y) 10am ET on September 8, 2015.
Upfront Payment Date has the meaning set forth in Section 6.1.
Examples of Upfront Payment Date in a sentence
In connection with the Bank RSA, CEC shall pay to the Upfront Payment Parties for (a) forbearing from exercising their default-related rights and remedies solely to the extent required by, and as set forth in, the Bank RSA, and (b) being a Settling First Lien Bank Lender, an amount equal to such Upfront Payment Party’s Upfront Payment on the Upfront Payment Date.