Credit Facility Termination Date Clause Samples
Credit Facility Termination Date. Upon the Non-Restoring Credit Facility Termination Date, the Borrower shall make consecutive monthly payments of principal plus interest (with the frequency of such installment payments to be monthly or as otherwise prescribed in the Master Note dependent upon the rate option selected by the Borrower), with each of the payments, other than the last payment, to consist of principal in an amount equal to the product of (i) the principal amount of all advances made under the Non-Restoring Credit Facility as evidenced by the Master Note, multiplied by (ii) a fraction, the numerator of which shall be 1 and the denominator of which shall be the number of installment payments due in the Term Period, plus interest calculated as set forth herein, and the final payment to consist of the entire unpaid principal balance of the Master Note, plus accrued interest thereon on or before April 24, 2009. Unless otherwise expressly provided in the Master Note, the first of such payments of interest in respect of any Advance is to be made on the date which is one month from the date of this Agreement and the remainder of such payments are to be made on the corresponding date of each succeeding month thereafter until the Master Note is paid in full.
Credit Facility Termination Date. The Parties agree that as of the date of this Agreement, through and until Closing, the “Termination Date” (as such term is defined in the Credit Facility) of the Credit Facility means the earlier of (a) August 15, 2005, and (b) the date of the termination, if any, of this Agreement pursuant to Article VII.
Credit Facility Termination Date. The Principal Amount owing to a Lender, if any, on the Credit Facility Termination Date will be paid by the Borrower to the Agent on behalf of such Lender in full, together with all accrued but unpaid interest and fees thereon and all other amounts owing to such Lender under the Credit Facility, if any, on such date.