Effective Delivery Date definition
Examples of Effective Delivery Date in a sentence
For the avoidance of doubt, the Fixed Rate shall not be available during or with respect to any period prior the Effective Delivery Date.
In the case of a Post-Disbursement Delay, the Borrower shall provide written notice to the Facility Agent as to whether the funds standing to the credit of the Funding Accounts are to be (i) retained in the Funding Accounts pending the Effective Delivery Date or (ii) utilised in making a prepayment pursuant to Clause 5.2(a)(ii) in the event that the Borrower should make such a prepayment.
In addition to the Insurances referred to in Clause 23.1 (Required Insurances), as of the Effective Delivery Date, the Borrower shall upon the request of the Security Agent, or the Security Agent shall be entitled (in each case at the Borrowers’ cost) to, subscribe to any mortgagee interest insurance (MII) and/or mortgagee additional perils (pollution) insurance (MAP) which the Security Agent may from time to time effect in respect of the Vessel in an amount of no less than the Required Insured Value.
The term of this Agreement shall commence on the Effective Delivery Date or anniversary thereof and will be renewed automatically for periods of a further 12 Months unless and until terminated in accordance with this Agreement.
The Vessel FMV Ratio shall not be less than (a) 1.15x as of the Effective Delivery Date and (b) 1.20x as of each annual anniversary of the Effective Delivery Date.
The Borrower will promptly following the delivery of the Purchased Vessel on the Effective Delivery Date, provide to the Facility Agent a notice of the Starting Date of Repayment duly signed by the EUR Facility Agent substantially in the form of Schedule G (Form of Notice of Starting Date of Repayment), it being agreed that this Clause 8.9 does not apply to the Starting Date of Repayment in respect of the Deferred Tranches.
Once the Fault has been remedied, a new acceptance test period shall apply to determine the date of commencement of the deployment of the Vehicle and the Effective Delivery Date for the Vehicle.
Per the Service Period purchased starting from the Effective Delivery Date of the Test Period for the Test Services.
Thereafter, this Agreement will automatically renew for successive terms of 2 years each unless either SS&C or Client provides the other with a written notice of termination at least 90 calendar days prior to the commencement of any successive term (such periods, in the aggregate, the “Term”).
The Borrower will promptly following the delivery of the Purchased Vessel on the Effective Delivery Date, provide to the Facility Agent a notice of the Starting Date of Repayment duly signed by the EUR Facility Agent substantially in the form of Schedule G (Form of Notice of Starting Date of Repayment).