Construction Commitment Termination Date definition

Construction Commitment Termination Date means the earliest of (i) August 1, 2004, (ii) the date on which the Construction and Term Loan Commitments are fully drawn, and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).
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Construction Commitment Termination Date means the earlier to occur of (i) the Completion Date and (ii) such earlier date on which the Construction Commitments shall terminate in accordance with Section 2.7 or Article 7 hereof.
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Construction Commitment Termination Date means the earliest of (i) February 28, 2010, (ii) the Tax Equity Closing Date, (iii) the Term Refinancing Closing Date and (iv) such earlier date on which the Commitments are terminated pursuant to subsection 8.2; provided that, if a Force Majeure Event shall occur prior to the date in clause (i), the date in clause (i) shall be extended (but in all events not beyond April 15, 2010) for a number of days equal to the lesser of (a) the number of days the Force Majeure event continues, (b) the number of days by which the Guaranteed EPC Date of Substantial Completion is extended by reason of such Force Majeure event and (c) the number of days by which the Scheduled PPA Commercial Operation Date shall have been extended by reason of such Force Majeure event; provided that, if the extension described in clause (c) terminates prior to the extension described in clause (b) but the PPA Commercial Operation Date occurs prior to the Scheduled PPA Commercial Operation Date (as so extended), then the extension period in clause (b) shall govern.
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Examples of Construction Commitment Termination Date in a sentence

  • No Advances shall be made after the Construction Commitment Termination Date.

  • The PPA Commercial Operation Date shall not have occurred (a) on or prior to January 12, 2010 unless the Independent Engineer shall have advised Agent in writing that the PPA Commercial Operation Date is expected to occur prior to February 12, 2010 or (b) in all events, on or prior to February 12, 2010; or (ii) the EPC Substantial Completion Date shall not have occurred on or prior to the Construction Commitment Termination Date.

  • The Advances for which Borrower qualifies hereunder shall be made from time to time from the date hereof to and including the Construction Commitment Termination Date.

  • Accrued commitment fees shall be payable in arrears on the last day of each of March, June, September and December of each year and on the Construction Completion Date and the Revolving Commitment Termination Date, commencing on the first such date after the Closing Date; provided, that any commitment fees accruing after the Construction Commitment Termination Date and the Revolving Commitment Termination Date shall be payable on demand.

  • Lender shall have no obligation to make any advance hereunder after the Construction Commitment Termination Date.

  • Borrower shall, in any event, complete construction of all Improvements free and clear of all liens on or before the Construction Commitment Termination Date.

  • From and after the Closing Date until the Construction Commitment Termination Date, the Undrawn Commitment Amount shall bear interest at the rate of three-eighths percent (0.375%) per annum (the “Undrawn Commitment Fee”), payable ratably to each Note Holder in arrears on and to each Payment Date.


More Definitions of Construction Commitment Termination Date

Construction Commitment Termination Date means October 1, 2007.
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Construction Commitment Termination Date means the earlier to occur of (i) the Completion Date and (ii) such earlier date on which
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Related to Construction Commitment Termination Date

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the Maturity Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.11 or 2.12, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 9.01.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Scheduled Commitment Termination Date means July 2, 2024.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Letter of Credit Termination Date means the tenth day preceding the Termination Date.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolver Termination Date means the earlier of (a) October 21, 2004 or, if extended pursuant to Section 2.16, the date that is 364 days after the Revolver Termination Date then in effect, and (b) the date of termination in whole of the Commitments pursuant to Section 2.04 or 6.01; provided, however, that the Revolver Termination Date of any Lender that is a Declining Lender to any requested extension pursuant to Section 2.16 shall be the Revolver Termination Date in effect immediately prior to the date on which such extension was granted for all purposes of this Agreement.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

  • Initial Termination Date shall have the meaning set forth in Section 7.1(b).

  • Lease Termination Date means the last day of the Lease Term.

  • Revolving Termination Date means the earlier to occur of:

  • Availability Termination Date means the first to occur of: (a) December 30, 2016 and (b) the date on which the Commitments are terminated or reduced to zero in accordance herewith.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.