Advance Termination Date definition

Advance Termination Date means the earliest to occur of (i) the date when the sum of the aggregate advances of the Funding Loan made by the Initial Funding Lender equals the Authorized Amount, (ii) the date that is [______] years after the Delivery Date, (iii) the Conversion Date, (iii) the date of a Determination of Taxability or (iv) the occurrence of an Event of Default hereunder.

Advance Termination Date means the earlier to occur of (a) the Full Funding Date; (b) the date which is the last day of the Advance Period or (c) a date determined by the Enterprise and provided in writing to the Bank.

Advance Termination Date means the earliest to occur of (i) the date when the sum of the aggregate advances of the Funding Loan made by the Funding Lender equals the Authorized Amount, (ii) December 31, 2027, with respect to the Tax-Exempt Governmental Note, (iii) the Maturity Date, (iv) the date of a Determination of Taxability, or (v) the occurrence of an Event of Default.

Examples of Advance Termination Date in a sentence

• On the Advance Termination Date, the Unfunded Portion shall be reduced to zero and no further Advances will be made hereunder.

• No Advance shall be requested or made after the Advance Termination Date.

• Notwithstanding anything in this Funding Loan Agreement to the contrary, no additional amounts of the Funding Loan may be drawn down and funded hereunder after the Advance Termination Date.

• At all times on and after the Conduit Advance Termination Date, all Advances shall be made by the Agent on behalf of the applicable Committed Lenders.

• Any extension of the Advance Termination Date shall be subject to the receipt by the Fiscal Agent of (i) the prior written consent of the Initial Funding Lender and the Additional Construction Phase Funding Lender and (ii) an opinion of Bond Counsel (which shall also be addressed to the Funding Lender Representative) to the effect that such extension will not adversely affect the exclusion of interest on Governmental Note-1 from gross income for federal income tax purposes.

More Definitions of Advance Termination Date

Advance Termination Date means January 1, 2006.

Advance Termination Date means the date which is ten (10) days prior to the Maturity Date, as the same may be extended pursuant to this Agreement.

Advance Termination Date means September 30, 2007.

Advance Termination Date means that date which is thirty (30) days prior to the Maturity Date (or Extended Maturity Date, if applicable).

Advance Termination Date means the earliest to occur of (i) the date when the sum of the aggregate advances of the Funding Loan made by the Initial Funding Lender equals the Authorized Amount, (ii) December 31, 2026, with respect to the Tax-Exempt Governmental Note,

Advance Termination Date means with respect to all Advances other than Advances with respect to Punchlist Items and Retainage and Operating Deficits Advances, the earlier of (i) fourteen (14) months after the Loan Closing Date (subject to an Unavoidable Delay) or (ii) the Substantial Completion Date.

Advance Termination Date means January 1, 2009.