Examples of ABL Maturity Date in a sentence
Any commitment of Bank, pursuant to the terms of this Agreement, to make ABL Loans shall expire on the ABL Maturity Date (as hereinafter defined), subject to Bank's right to renew said commitment in its sole and absolute discretion at Borrower's request.
Unless Borrower shall have deposited with Bank cash collateral in an amount sufficient to cover all undrawn amounts under each such Letter of Credit and Bank shall have agreed in writing, no Letter of Credit shall have an expiration date that is later than the ABL Maturity Date.
Borrower promises to pay to Bank the entire outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the ABL Loan Account on the earlier of demand by Bank or March 21, 2000 ("ABL Maturity Date").
Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on or before the thirtieth (30) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to three quarters of one percent (3/4%) per annum in excess of the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate"), which shall vary concurrently with any change in the Prime Rate.
Borrower promises to pay to Bank the entire outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the ABL Loan Account on the earlier of acceleration in accordance with the terms herein by Bank or August 2, 2000 ("ABL Maturity Date").
Commencing at the end of the first full calendar quarter ending after the calendar quarter that includes the Closing Date, the ABL FILO Loans will amortize in equal quarterly principal installments in an annual amount equal to 1.0% of the original principal amount of the ABL FILO Loans, with the remaining balance payable in full on the Best Efforts ABL Maturity Date.
Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on or before the tenth (10) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to zero percent (0%) per annum in excess of the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate'), which shall vary concurrently With any change in the Prime Rate.
Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on or before the tenth (10) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate"), which shall vary concurrently with any change in the Prime Rate.
Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the Foreign ABL Maturity Date, on or before the thirtieth (30) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to Three quarters of one percent (3/4%) per annum in excess of the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate"), which shall vary concurrently with any change in the Prime Rate,.
Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the Foreign ABL Maturity Date, on or before the first (1) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to rate of interest which Bank has announced as its prime lending rate (the "Prime Rate"), which shall vary concurrently with any change in the Prime Rate.