Terms to Maturity of Bankers' Acceptances Sample Clauses

Terms to Maturity of Bankers' Acceptances. Multiple terms to maturity shall be available with respect to Bankers’ Acceptances, provided that the minimum amounts of Accommodations of Bankers’ Acceptances set forth in Section 2.4(b) shall apply separately to each term to maturity and the allocation amongst the Lenders referred to in Section 2.4(b) shall apply separately to each term to maturity. In no event shall any Bankers’ Acceptance have a term to maturity beyond the relevant Maturity Date of the Lender accepting the same. The Borrower shall also ensure that the term to maturity of any outstanding Bankers’ Acceptance accommodates any Principal Repayments required under Article 5.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Terms to Maturity of Bankers' Acceptances. With respect to each Second-Lien Credit Facility Advance of Bankers' Acceptances in respect of the Second-Lien Credit Facility, multiple terms to maturity shall be available, provided however that the minimum amounts relative to Conversions of Bankers' Acceptances set forth in Section 2.4(b) (which shall apply mutatis mutandis to Conversions of maturing Bankers' Acceptances under the Second-Lien Credit Facility) shall apply separately to each term to maturity and the pro-rata allocation amongst the Second-Lien Credit Facility Lenders referred to in Section 2A.4(a) shall apply separately to each term to maturity. In no event shall any Bankers' Acceptance have a term to maturity beyond the Second-Lien Credit Facility Maturity Date.
Sample 1Sample 2Sample 3
Terms to Maturity of Bankers' Acceptances. With respect to each Revolving Credit Facility Advance of Bankers' Acceptances in respect of the Revolving Credit Facility, multiple terms to maturity shall be available, provided however that the minimum amounts relative to Drawdowns and Conversions of Bankers' Acceptances set forth in Section 2.4(b) shall apply separately to each term to maturity and the pro-rata allocation amongst the Revolving Credit Facility Lenders referred to in Section 2.4(c) shall apply separately to each term to maturity. In no event shall any Bankers' Acceptance have a term to maturity beyond the Revolving Credit Facility Maturity Date of the Revolving Credit Facility Lender accepting the same. The Borrower shall also ensure that the term to maturity of any outstanding Bankers' Acceptance accommodates any Principal Repayments required by Article 5.
Sample 1Sample 2

Related to Terms to Maturity of Bankers' Acceptances

  • Maturity of Loans Each Loan hereunder shall mature, and the principal amount thereof shall be due and payable on the Maturity Date with respect to such Loan.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Circumstances Making Bankers’ Acceptances Unavailable If the Canadian Sub-Agent in good faith determines that for any reason a market for Bankers’ Acceptances does not exist at any time or the Tranche B Lenders cannot for other reasons, after reasonable efforts, readily sell Bankers’ Acceptances or perform their other obligations under this Agreement with respect to Bankers’ Acceptances, the Canadian Sub-Agent will promptly so notify TCCI and each Tranche B Lender. Thereafter, TCCI’s right to request the acceptance and/or purchase of Drafts shall be and remain suspended until the Canadian Sub-Agent determines and notifies TCCI and each Tranche B Lender that the condition causing such determination no longer exists.

  • Bankers’ Acceptances (a) Subject to the terms and conditions of this Agreement, the Canadian Borrowers may request Borrowings of Canadian Revolving Credit Loans by presenting drafts for acceptance and purchase as B/As by the Canadian Lenders.

  • Extension of Revolving Credit Maturity Date The Borrower shall have the right and option to extend the Revolving Credit Maturity Date in respect of the Total Revolving Credit Commitment or portion thereof, if reduced in accordance with §2.4, a total of two (2) times for a period of twelve (12) months each upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Credit Maturity Date:

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Collateralization of Obligations Extending Beyond Maturity If Borrower has not secured to Bank’s satisfaction its obligations with respect to any Ancillary Services by the Revolving Maturity Date, then, effective as of such date, the balance in any deposit accounts held by Bank and the certificates of deposit or time deposit accounts issued by Bank in Borrower’s name (and any interest paid thereon or proceeds thereof, including any amounts payable upon the maturity or liquidation of such certificates or accounts), shall automatically secure such obligations to the extent of the then continuing or outstanding Ancillary Services. Borrower authorizes Bank to hold such balances in pledge and to decline to honor any drafts thereon or any requests by Borrower or any other Person to pay or otherwise transfer any part of such balances for so long as the applicable Ancillary Services are outstanding or continue.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Extension of the Maturity Date (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

Time is Money Join Law Insider Premium to draft better contracts faster.