Facility Activation Date definition

Facility Activation Date means, subject to Section 8.2, the date of the initial purchase of Receivables under this Agreement.
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Examples of Facility Activation Date in a sentence

  • In addition to the foregoing, each of the parties hereto hereby agrees that, on each Increased Facility Activation Date, this Agreement shall be amended to the extent (but only to the extent) appropriate to effectuate the existence and terms of the Incremental Term Loans evidenced thereby.

  • Notwithstanding anything to the contrary in this Agreement, each of the parties hereto hereby agrees that, on each Increased Facility Activation Date, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loans evidenced thereby.

  • The Incremental Term Loans may from time to time be (a) Eurodollar Loans or (b) ABR Loans or (c) a combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with subsections 8.1, 8.2 and 8.3; provided on the applicable Incremental Facility Activation Date, the Incremental Term Loans shall be made as ABR Loans.

  • The Borrower agrees to pay to each Lender of Incremental Term Loans (including, if applicable, Xxxxxx Xxxxxxx Capital Group Inc.) a fee equal to 150 basis points on an amount equal to such Lender’s allocated share of the Incremental Term Loans advanced on any Increased Facility Activation Date, which fee shall be earned and payable on the applicable Increased Facility Activation Date.

  • Borrower shall pay to Agent a fee (the “Unused Revolving Commitment Fee”) for the account of each Revolving Lender in an amount equal to the sum of, for each day on and after the Revolving Credit Facility Activation Date: (i)(A) the daily balance of the Revolving Loan Commitment of such Revolving Lender for such day, less (B) the daily balance of all Revolving Loans held by such Revolving Lender for such day; multiplied by (ii) three quarters of one percent (0.75%) per annum.

  • The Unused Revolving Commitment Fee shall accrue at all times from and after the Revolving Credit Facility Activation Date.

  • The Borrower agrees to pay to Xxxxxx Xxxxxxx Energy Capital Inc., in its capacity as sole lead arranger and sole bookrunner, for its own account, an arranger fee equal to 1.00% of the amount of any Incremental Term Loans advanced after the Effective Date (such fee to become due and payable on the applicable Increased Facility Activation Date).

  • The Borrower agrees to pay to each Lender of Incremental Term Loans (including, if applicable, Xxxxxx Xxxxxxx Energy Capital Inc.) a fee equal to 1.50% of the amount of such Lender’s Incremental Term Loans advanced after the Effective Date (such fee to become due and payable ratably to the applicable Lenders on the applicable Increased Facility Activation Date).

  • The Unused Revolving Commitment Fee shall be payable monthly in arrears on the first day of each calendar month following the Revolving Credit Facility Activation Date and on the Final Maturity Date.

  • In addition to the foregoing, each of the parties hereto hereby agrees that, on each Increased Facility Activation Date, this Agreement shall be amended to the extent (but only to the extent) appropriate to effectuate the existence and terms of the Incremental Notes evidenced thereby.

Related to Facility Activation Date

  • Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.

  • Increased Facility Activation Notice a notice substantially in the form of Exhibit G.

  • Deactivation Date means the date a generating unit within the PJM Region is either retired or mothballed and ceases to operate. Decrement Bid:

  • Service Activation Date means the same as Activation Date.

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • 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.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

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

  • 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.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the 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 Lender shall have been made).

  • Syndication Date means the earlier of (x) the date upon which the Administrative Agent determines in its sole discretion (and notifies the Borrower) that the primary syndication (and resultant addition of Persons as Lenders pursuant to Section 14.04(b)) has been completed and (y) 90 days after the Initial Borrowing Date.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Scheduled Commitment Termination Date means, unless otherwise extended pursuant to and in accordance with Section 2.14, the Payment Date occurring in May 2024.

  • Initial Term Facility means the Initial Term Loan Commitment and the Initial Term Loans made hereunder.

  • Tranche B Term Loan as defined in Section 2.1.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • 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.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 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); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • Revolver Termination Date means the date that is the three (3) year anniversary of the Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Revolving Loan Commitment Termination Date means the earliest of

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