Common use of Reconciliation Date Clause in Contracts

Reconciliation Date. Two (2) Business Days after the Borrower's receipt of notice from the Administrative Agent pursuant to Section 3.1(d) hereof that the outstanding principal balance of the Unsecured Indebtedness plus unpaid draws under Letters of Credit exceeds the Loan Funding Availability.

Appears in 3 contracts

Samples: Loan Agreement (Horton D R Inc /De/), Loan Agreement (Horton D R Inc /De/), Master Loan and Inter Creditor Agreement (Horton D R Inc /De/)

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Reconciliation Date. Two (2) Business Days after the Borrower's ------------------- receipt of notice from the Administrative Agent pursuant to Section 3.1(d) hereof that the outstanding principal balance of the Unsecured Indebtedness plus unpaid draws under Letters of Credit exceeds the Loan Funding Availability.

Appears in 1 contract

Samples: Master Loan and Inter Creditor Agreement (Horton D R Inc /De/)

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Reconciliation Date. Two (2) Business Days after the Borrower's receipt of notice from the Administrative Agent Lender pursuant to Section 3.1(d5.1(4) hereof that the outstanding principal balance of the Unsecured Indebtedness plus unpaid unreimbursed draws under Letters of Credit issued for the account of Borrower exceeds the Loan Funding Availability.

Appears in 1 contract

Samples: Working Capital Line of Credit Agreement (Horton D R Inc /De/)

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