Designated Termination Date definition

Designated Termination Date has the meaning given to that term in Condition 51.6(A);
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Designated Termination Date means the date of the declaration or automatic occurrence of the Termination Date pursuant to Section 7.01 of the Sale Agreement or Section 7.02 of the Receivables Purchase Agreement.
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Designated Termination Date has the meaning given to that term in Clause 57.3(B)(i) (Default termination);
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Examples of Designated Termination Date in a sentence

  • If the CfD Counterparty gives a Default Termination Notice to the Generator, this Agreement shall terminate on the Designated Termination Date even if the Termination Event is no longer continuing on the Designated Termination Date.

  • The Designated Termination Date is generally the date that is 80% of the expected average life of a bond and is a necessary component of the partnership analysis in that it provides for the potential for a sharing in capital gains.


More Definitions of Designated Termination Date

Designated Termination Date shall be stated separately for each Maturity of Bonds and shall mean the date set forth as such in the related Series Trust Agreement or in the related Additional Deposit Notice, as applicable, which shall be the Bond Interest Payment Date occurring on or immediately preceding the date of expiration of 80% of the period commencing on the Deposit Date or the Additional Deposit Date, as the case may be, and ending at the expected remaining average life of such Maturity (taking into account any scheduled sinking fund redemptions, any optional redemptions without premium and any other expected redemptions, including the dates therefor); provided, however, that, if any such date set forth in a Series Trust Agreement or an Additional Deposit Notice, as applicable, differs from the date determined pursuant to this definition, the Trustor shall cause such difference to be explicitly disclosed in the Series Trust Agreement or Additional Deposit Notice, as applicable, and the date set forth in such Series Trust Agreement or Additional Deposit Notice shall be determinative.
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Related to Designated 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).