Examples of Extended Facility Termination Date in a sentence
For the avoidance of doubt, (i) it is understood and acknowledged by the parties that the Funding Period shall not continue during the Extension Period, and (ii) the Facility Termination Date may only be extended automatically once under this Section 3.07, and Buyer shall be under no obligation to extend the Facility Termination Date after the end of the Extended Facility Termination Date.
In the event Seller shall not have made payment of outstanding Purchase Price in the amount of the Required Purchase Price Reduction by the end of each such three month period, Seller shall pay, on the last day of such three month period (commencing with the three month period following the First Extended Facility Termination Date), an amount equal to the difference between the Required Purchase Price Reduction and the amount paid in reduction of outstanding Purchase Price during such three month period.
At the request of Seller delivered to Buyer no earlier than ninety (90) or later than thirty (30) days before the Facility Termination Date, Buyer may grant one (1) year extension of the Facility Termination Date (an “Extended Facility Termination Date”) by giving notice approving such extension and the Extended Facility Termination Date to Seller no later than fifteen (15) days before the expiration of the then-current Facility Termination Date.
If Sellers request to exercise the first option to extend the Facility Termination Date in the manner set forth in Section 3.06(a), then Sellers may request to extend the Funding Period for a period of one (1) year (the “Funding Period Extension Option”) ending on the First Extended Facility Termination Date, by delivering written notice from Sellers to Buyer of such request no earlier than ninety (90) days and no later than thirty (30) days prior to the Initial Facility Termination Date.
The period commencing on the day immediately following the Initial Facility Termination Date and ending on the First Extended Facility Termination Date.
In addition, Seller has requested and Buyer has consented to the extension of the Funding Expiration Date to October 2, 2021 (the First Extended Facility Termination Date).
If the Maximum PPV requirement is not satisfied as of any proposed Extended Facility Termination Date, Seller shall have the right to prepay a portion of the Repurchase Price of any Purchased Asset for which the PPV is higher than the Maximum PPV applicable to such proposed Extended Facility Termination Date such that compliance with the applicable required Maximum PPV is obtained.
The period in existence as of the Closing Date to and including (x) if Buyer has granted the Funding Period Extension Option, the First Extended Facility Termination Date or (y) if Buyer has not granted the Funding Period Extension Option, the Initial Facility Termination Date.
The period commencing on the day immediately following the First Extended Facility Termination Date and ending on the Second Extended Facility Termination Date.
At the request of Seller delivered to Buyer no earlier than ninety (90) days or later than thirty (30) days before the Facility Termination Date, Buyer shall grant two (2) extensions of the Facility Termination Date for a period of one (1) year each (each, an "Extended Facility Termination Date") by giving notice approving such extension and the Extended Facility Termination Date to Seller before the expiration of the then-current Facility Termination Date.