Credit Modification Date definition

Credit Modification Date means, with respect to a Series of Bonds, either (a) the second Business Day next preceding the date on which the Applicable Credit Facility then in effect is stated to expire (unless extended), or (b) if the Applicable Credit Facility will terminate prior to its stated expiration date on account of the delivery of an Alternate Credit Facility, the proposed Alternate Credit Facility Effective Date with respect to such Alternate Credit Facility, if:
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Credit Modification Date means a Substitution Date if either of the following occurs:
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Credit Modification Date means the second Business Day next preceding the day on which a Credit Facility then in effect is to expire (unless extended) or is to be terminated prior to its stated expiration if:
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Examples of Credit Modification Date in a sentence

  • The Trustee shall promptly surrender the instrument evidencing the Credit Facility to the Credit Provider for cancellation upon discharge of the Indenture pursuant to Section 5.01, subject to Section 3.08(d), or following a Credit Modification Date.

  • The Bond Registrar shall promptly surrender the instrument evidencing the Credit Facility to the Credit Provider for cancellation upon discharge of the Modal Agreement pursuant to Section 5.03, subject to Section 3.01(d), or following a Credit Modification Date.

  • Following the effective date of an Alternate Credit Facility delivered with respect to a Series of Bonds (or, if such Alternate Credit Facility results in the occurrence of a Credit Modification Date, following such Credit Modification Date), the Trustee shall promptly surrender the Applicable Credit Facility to the Applicable Credit Issuer for cancellation.

  • The Trustee shall promptly surrender the instrument evidencing the Credit Facility to the Credit Issuer for cancellation upon discharge of the Indenture pursuant to Section 5.1 or following the effective date of an Alternate Credit Facility (or, if such Alternate Credit Facility results in the occurrence of a Credit Modification Date, following such Credit Modification Date).

  • Not less than fifteen (15) days prior to the proposed Credit Facility Effective Date (as defined below), which shall be a Credit Modification Date, the Trustee shall give each Owner notice of such Credit Modification Date by first-class mail, postage prepaid, which notice shall be in substantially the form of Exhibit E appropriately completed; provided, however, that if the proposed Credit Facility Effective Date is also a Conversion Date, the notice provisions of Section 2.04(e) shall apply.

  • Not less than thirty (30) days prior to each Mandatory Purchase Date occurring as a result of a Credit Modification Date, the Trustee shall give written notice of such Mandatory Purchase Date to the Remarketing Agent, the Tender Agent, the Paying Agent and, by first-class mail, postage prepaid, the Holders, which notice shall be in substantially the form of Exhibit D hereto, appropriately completed.

  • All Bonds are subject to mandatory tender for purchase as provided in the Indenture on any Mandatory Purchase Date (i.e., certain Conversion Dates, any Credit Modification Date and certain dates designated by the Credit Issuer or the Company) at the Purchase Price thereof.

  • Bonds are subject to mandatory tender for purchase as provided in the Modal Agreement on any Mandatory Purchase Date (i.e., any proposed Conversion Date, any Credit Modification Date, a proposed Credit Facility Effective Date, the first Business Day immediately succeeding the last day of each Flexible Term Rate Period applicable to such Series 2014_ Bond then bearing interest at a Flexible Term Rate and certain dates designated by the Credit Provider or the Board) at the Purchase Price thereof.

  • The Trustee shall promptly surrender the instrument evidencing the Credit Facility to the Credit Issuer for cancellation upon discharge of the Indenture pursuant to Section 5.1 or following a Credit Modification Date and after any required draws under the Credit Facility have been made and the proceeds of the drawing have been received.

  • Notwithstanding any provision hereof to the contrary, the Company may not cause a Credit Facility to be terminated prior to its stated expiration date (whether in connection with the delivery of an Alternate Credit Facility or otherwise) if such termination would result in the occurrence of a Credit Modification Date during a Flexible Term Rate Period or a Long-Term Rate Period.


More Definitions of Credit Modification Date

Credit Modification Date means the earliest of (a) two (2) Business Days prior to the date on which a Credit Facility then in effect is stated to expire (unless extended), (b) two
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Credit Modification Date means either (a) the second Business Day next preceding the date on which a Credit Facility then in effect is stated to expire (unless extended), or (b) if the Credit Facility will terminate prior to its stated expiration date on account of the delivery of an
Sample 1
Credit Modification Date means the earliest of (a) two Business Days prior to the date on which a Credit Facility then in effect is stated to expire (unless extended), (b) two Business Days prior to the date on which a Credit Facility then in effect is to be terminated, (c) a Credit Facility Effective Date and (d) two Business Days prior to a Credit Facility Cancellation Date.
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Credit Modification Date means either (a) the second Business Day next preceding the date on which a Credit Facility then in effect is stated to expire (unless extended), or (b) the proposed Credit Facility Effective Date with respect to an Initial Credit Facility or an Alternate Credit Facility.
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Credit Modification Date means the earliest of (a) two (2) Business Days prior to the date on which a Credit Facility then in effect is stated to expire (unless extended), (b) two (2) Business Days prior to the date on which a Credit Facility then in effect is to be terminated or(c) the proposed Credit Facility Effective Date.
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Credit Modification Date means either (i) the second Business Day next preceding the date on which a Credit Facility then in effect is stated to expire (unless extended), or (ii) the proposed effective date of an Alternate Credit Facility.
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Related to Credit Modification Date

  • Modified Restructuring Maturity Limitation Date means with respect to a Reference Obligation, the date that is the later of (x) the Scheduled Maturity Date of the Notes and (y) 60 months following the Restructuring Date in the case of a Restructured Bond or Loan, or 30 months following the Restructuring Date in the case of all other Reference Obligations.

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Restructuring Maturity Limitation Date means, with respect to a Valuation Obligation, the Limitation Date occurring on or immediately following the Credit Observation End Date. Notwithstanding the foregoing, if the final maturity date of the Restructured Bond or Loan with the latest final maturity date of any Restructured Bond or Loan occurs prior to the 2.5-year Limitation Date (such Restructured Bond or Loan, a "Latest Maturity Restructured Bond or Loan") and the Credit Observation End Date occurs prior to the final maturity date of such Latest Maturity Restructured Bond or Loan, then the Restructuring Maturity Limitation Date will be the final maturity date of such Latest Maturity Restructured Bond or Loan.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • 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.

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Initial Revolving Credit Maturity Date means the date that is five years after the Closing Date.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • 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.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • 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.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Excess Modification Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), the sum of (A) the excess of (i) any and all Modification Fees with respect to any modification, waiver, extension or amendment of any of the terms of a Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), over (ii) all unpaid or unreimbursed Advances and Additional Trust Fund Expenses (including, without limitation, interest on unreimbursed Advances to the extent not otherwise paid or reimbursed by the related Mortgagor (including indirect reimbursement from Penalty Charges or otherwise), but excluding (1) Special Servicing Fees, Workout Fees and Liquidation Fees and (2) Borrower Delayed Reimbursements) outstanding or previously incurred hereunder with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) and reimbursed from such Modification Fees (which such Advances and Additional Trust Fund Expenses shall be reimbursed from such Modification Fees), and (B) Advances and Additional Trust Fund Expenses previously paid or reimbursed from Modification Fees as described in the preceding clause (A), which Advances and Additional Trust Fund Expenses have been recovered from the related Mortgagor as Penalty Charges, specific reimbursements or otherwise. All Excess Modification Fees earned by the Special Servicer shall offset any future Workout Fees or Liquidation Fees payable with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) or REO Property; provided that if the Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceases being a Corrected Loan, and is subject to a subsequent modification, any Excess Modification Fees earned by the Special Servicer prior to such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceasing to be a Corrected Loan shall no longer be offset against future Liquidation Fees and Workout Fees unless such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceased to be a Corrected Loan within 18 months of it becoming a modified Serviced Mortgage Loan (or modified Serviced Loan Combination, if applicable). If such Mortgage Loan (or Serviced Loan Combination) ceases to be a Corrected Loan, the Special Servicer shall be entitled to a Liquidation Fee or Workout Fee (to the extent not previously offset) with respect to the new modification, waiver, extension or amendment or future liquidation of the Specially Serviced Loan or related REO Property (including in connection with a repurchase, sale, refinance, discounted or full payoff or other liquidation); provided that any Excess Modification Fees earned and paid to the Special Servicer in connection with such subsequent modification, waiver, extension or amendment (or, as contemplated by the preceding proviso, a prior modification, waiver, extension or amendment) shall be applied to offset such Liquidation Fee or Workout Fee to the extent described above. Within any prior 12-month period, all Excess Modification Fees earned by the Master Servicer or the Special Servicer (after taking into account any offset described above applied during such 12-month period) with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) shall be subject to a cap equal to the greater of (i) 1% of the outstanding principal balance of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) after giving effect to such transaction, and (ii) $25,000.

  • 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.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Revolving Loan Commitment Termination Date means the earliest of

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