BANK LOAN TERMINATION DATE

BANK LOAN TERMINATION DATE. The first date on which (a) the Revolving Lenders have received payment in full in cash of all of the Priority Bank Debt, (b) the Revolving Agent or the Revolving Lenders shall have received cash collateral (or, in connection with Letters of Credit, "back-to-back" Letters of Credit from a financial institution acceptable to Revolving Agent) in such amounts as the Revolving Agent determines is reasonably necessary to secure the Revolving Lenders (and their affiliates) in... connection with (i) any issued and outstanding Letters of Credit constituting Priority Bank Debt but not in any event in an amount greater than 103% of the aggregate undrawn face amount of such Letters of Credit (or such Letters of Credit shall have been returned to the Issuing Bank for cancellation) and (ii) Derivative Agreements but not in any event in an amount greater than 100% of the applicable Credit Party's obligations to the Revolving Agent and the Revolving Lenders (and their affiliates) under such Derivative Agreements, and (c) the commitment of the Revolving Lenders to make any loans or provide other financial accommodations to the Borrower shall have been terminated. View More