Availability Effective Date definition

Availability Effective Date means the initial date the conditions set forth in Section 3.01(a) are satisfied (or waived).

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Availability Effective Date means (i) with respect to the Specified Loan, the date the conditions set forth in Section 3.01 and the Escrow Conditions are satisfied and (ii) with respect to any other extension of credit, the initial date the conditions set forth in Section 3.01 are satisfied (without giving effect to the proviso set forth in Section 3.01(d)).

Availability Effective Date means the earlier of (i) the date which is 180 days after the Effective Date and (ii) the initial date the conditions set forth in Sections 3.01(a) and 3.01(b)(i) are satisfied (or waived).

Examples of Availability Effective Date in a sentence

Letter of credit fees accrued through and including each Quarterly Date shall be payable in arrears on the fifteenth day following such Quarterly Date, commencing on the first Quarterly Date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitment terminates and any such fees accruing after such date shall be payable on demand.
Commitment Fees accrued through and including each Quarterly Date shall be payable in arrears on the fifteenth day following such Quarterly Date, commencing on the first such date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitment terminates and any such fees accruing after such date shall be payable on demand.
From and after the Availability Effective Date, the Guarantor will not permit the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Total Capitalization to exceed 0.35 to 1.00, calculated as of the last day of each fiscal quarter.
Accrued Commitment Fees shall be payable in arrears on each Quarterly Date, commencing on the first such date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitment terminates and any such fees accruing after such date shall be payable on demand.
Letter of credit fees accrued through and including each Quarterly Date shall be payable in arrears on such Quarterly Date, commencing on the first Quarterly Date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitment terminates and any such fees accruing after such date shall be payable on demand.
Fronting fees accrued through and including each Quarterly Date shall be payable on such Quarterly Date, commencing on the first Quarterly Date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after such date shall be payable on demand.
Commitment Fees accrued through and including each Quarterly Date shall be payable in arrears on the fifteenth day following Quarterly Date, commencing on the first such date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitment terminates and any such fees accruing after such date shall be payable on demand.
Accrued Commitment Fees shall be payable in arrears on each Quarterly Date, commencing on the first such date to occur after the earlier of (i) the date that is 60 days after the Effective Date and (ii) the Availability Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after such date shall be payable on demand.
Commitment Fees accrued through and including each Quarterly Date shall be payable in arrears on the fifteenth day following such Quarterly Date, commencing on the first such date to occur after the Availability Effective Date; provided that all such fees shall be payable on the Commitment Termination Date.
Letter of Credit fees accrued through and including each Quarterly Date shall be payable in arrears on the fifteenth day following such Quarterly Date, commencing on the first Quarterly Date to occur after the Availability Effective Date; provided that all such fees shall be payable on the date on which the related Letter of Credit is terminated.

More Definitions of Availability Effective Date

Availability Effective Date means the initial date the conditions set forth in Section 3.01 are satisfied. “Availability Period” means the period from and including the Availability Effective Date to earlier of (x) the Availability Termination Date (including such date) and (y) termination of the Commitments pursuant to Section 2.11, Section 6.01 or otherwise (excluding such date (unless such termination is as of a result of the Availability Termination Date)). “Availability Termination Date” means August 15, 2017. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

Availability Effective Date the date on which (i) the conditions precedent set forth in Section 4.1 shall have been satisfied and, consequently, the Closing Date shall have occurred, (ii) the REIT shall have consummated a successful initial public offering of its Capital Stock with minimum proceeds of $175,000,000 and (iii) the Administrative Agent shall have received, as of such date, (x) a bring down certificate from a Principal Financial Officer of the Parent Guarantor, substantially in the form of Exhibit D, (y) a Compliance Certificate from a Principal Financial Officer of the Parent Guarantor containing all information and calculations necessary for determining pro forma compliance with Section 6.1, substantially in the form delivered on the Closing Date pursuant to Section 4.1(b) and (z) a certificate from a Principal Financial Officer of the Parent Guarantor certifying that the Parent Guarantor and its Subsidiaries, considered as a whole, after giving effect to any transactions contemplated to occur on such date, are Solvent, substantially in the form delivered on the Closing Date pursuant to Section 4.1(f).