Term of Facility. Except as otherwise provided in this Section 2.5, with respect to a Fund, the term of the Facility shall expire on the Maturity Date, and the entire outstanding principal balance of the Loans and all accrued interest and other charges, with respect to such Fund, shall become due and payable not later than that date in the event that any principal or accrued interest and other charges have not been previously repaid. The Maturity Date may be extended for successive 364 day terms upon (a) the Bank's executive committee (or similar committee established from time to time) approving an extension of the Facility, (b) the Bank giving written notice of such extension to Borrower prior to the end of the current or extended term, (c) the payment of the Annual Fee, and (d) the execution of a Note; provided, however, that the Borrower may elect not to renew the Facility by giving written notice to the Bank no less than sixty (60) days prior to the end of the current or extended term; provided further; however, that the Borrower may terminate this Agreement at any time for any reason without premium or penalty on thirty (30) days' notice. This Facility shall automatically terminate upon the termination of the Custody Agreement, except upon the simultaneous execution by the Bank and Borrower of a substantially identical custody agreement in replacement thereof. Until all Obligations have been fully repaid and this Agreement has terminated, the Bank shall retain its security interest in all Collateral, then existing or arising thereafter, pledged to the Bank pursuant to the Pledge Agreement. The Bank will follow Borrower's instructions in transitioning to a new line of credit provider.
Term of Facility. Availability under the Facility will expire June 30, 2006. Standby Letters of Credit issued under the facility will be renewable annually at the Lender's option.
Term of Facility. The term of facility hereunder is 12 months, starting from August 15, 2017, ending on July 26, 2018 (expiration date). Party B shall apply to use the line of credit during such term. Party A will not accept any application for use of line of credit made by Party B after the above expiration date, unless this agreement provides otherwise.
Term of Facility. The Loan, if not sooner demanded, shall mature and become due and payable on September 30, 2005. If not sooner demanded, the Borrower shall have an option to renew the Loan for an additional one (1) year term." Except as hereby amended, the Agreement shall remain in full force and effect.
Term of Facility. The initial term of this Agreement shall commence on the Initial Funding Date and shall continue until the date that is eighteen (18) months from the Initial Funding Date (the “Initial Term”), unless terminated earlier in accordance with the terms of this Agreement, or if the Initial Funding Date does not occur by April 1, 2010, then this Agreement shall terminate on April 1, 2010. Upon expiration of the Initial Term, the Facility and the Commitments shall automatically renew for successive 180 day periods, unless terminated earlier in accordance with this Section 2.03.
Term of Facility. Except as otherwise provided in this Section 2.5, the term of the Facility shall expire on July 31, 2022, and the entire outstanding principal balance of the Note, and all accrued interest, shall become due and payable not later than that date in the event that any principal or accrued interest has not been previously repaid.
Term of Facility. The initial term of this Agreement shall commence on the Closing Date and shall continue until the date that is the fifth (5th) anniversary of the Funding Date (the “Initial Term”), unless terminated earlier in accordance with the terms of this Agreement. Upon expiration of the Initial Term, the Facility and Lender’s commitment to make Advances shall continue for successive 270-day periods until terminated by Borrower or Lender pursuant to Subsection (b) or (c) below, unless terminated earlier under Section 6.01.
Term of Facility. The term of this Agreement shall commence on the Closing Date and shall mature on the Maturity Date.
Term of Facility. Section 2.4 of the Agreement is modified as follows: “The Parties agree to negotiate bona fide the extension of the Facility three (3) months prior to the Final Maturity Date, i.e. on September 30, 2008 at the latest.” 13 FEES
Term of Facility. The Loan, if not sooner demanded, shall mature and become due and payable on June 30, 2005
