Acquisition Loan Termination Date definition
Examples of Acquisition Loan Termination Date in a sentence
Accrued Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the later of the Acquisition Loan Termination Date and the Revolving Loan Maturity Date or such earlier date upon which the Total Commitment is terminated.
On any day on or prior to the Acquisition Loan Termination Date on which the aggregate outstanding principal amount of Acquisition Loans exceeds the Total Acquisition Loan Commitment, the Borrower shall repay the principal of Acquisition Loans in the amount equal to such excess.
In the event of a prepayment or mandatory repurchase of the Mortgage Notes or other Parity Debt not governed by Section 2.7(a) after the Acquisition Loan Termination Date, the Loans shall be prepaid in a pro rata amount, such pro rata amount based upon the maximum commitment amount of Mortgage Notes and Parity Debt plus the Commitments hereunder.
Once repaid, Acquisition Loans incurred may be reborrowed prior to the Acquisition Loan Termination Date in accordance with the provisions hereof.
Accrued Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the later of the Acquisition Loan Termination Date and the B Revolving Loan Maturity Date or such earlier date upon which the Total Commitment is terminated.