Facility Anniversary Date definition

Facility Anniversary Date means each annual anniversary of the Closing Date.
Sample 1
Facility Anniversary Date means each annual anniversary of the Effective Date beginning July 10, 2007.
Sample 1
Facility Anniversary Date means each annual anniversary of the Effective Date beginning February 14, 2006.
Sample 1

Examples of Facility Anniversary Date in a sentence

  • The Borrower shall pay to the Bank on the Closing Date, and on each Loan Facility Anniversary Date, a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage; provided that on the second Loan Facility Anniversary Date, the facility fee shall be pro rated for a period of time equal to the greater of (i) the remaining term of the Agreement and (ii) six months.

  • The Borrower shall pay to the Bank (i) on July 16, 2007, a non-refundable facility fee in an amount equal to the product of (x) $4,000,000 and (y) the Annual Facility Fee Percentage, prorated for the period of time from July 16, 2007, through the Loan Facility Anniversary Date, and (ii) on each Loan Facility Anniversary Date (other than the Maturity Date), a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage.

  • The Borrowers shall pay to the Bank on July __, 2004, and on each Loan Facility Anniversary Date a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage, and (z) a fraction the numerator of which is the number of months or a portion thereof remaining in the Loan Facility Term (not to exceed twelve (12) months), and the denominator of which is twelve (12).

  • The Borrower may exercise such right only by executing and delivering to the Administrative Agent not earlier than ninety (90) days prior to the Facility Anniversary Date, and not later than forty-five (45) days prior to the Facility Anniversary Date, a written request for such extension (the “Extension 45 Five Point Operating Company, LP Amended and Restated Credit Agreement Request”); provided, however, such request shall not be made more than once during any such forty-five (45) day period.

  • Borrower may request extensions of the Revolving Credit Termination Date and the Maturity Date by making such request in writing not more than ninety (90) and not less than sixty (60) days prior to each Facility Anniversary Date, commencing with the second Facility Anniversary Date.

  • Commencing on the first Facility Anniversary Date, and continuing at all times thereafter, in no event shall the aggregate Collateral Value with respect to all Pre-Development Land and Land Under Development exceed 50% of the aggregate Collateral Value with respect to all Eligible Collateral within the Borrowing Base.

  • A facility fee at the rate of 0.50% per annum of the full Commitment Amount shall be due and payable in advance on the Closing Date and on each Facility Anniversary Date.

  • On the Closing Date (and as a condition of closing of the Loan), Borrower shall pay to Lender a facility fee for the period from the Closing Date to the first Facility Anniversary Date in the amount of One Hundred Seventy-five Thousand Dollars ($175,000.00) and on each Facility Anniversary Date thereafter, Borrower agrees to pay Lender a facility fee equal to 0.35% of the Commitment Amount then in effect.

  • The Borrower shall pay to the Bank (i) on June 12, 2012, a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage, and (ii) on each Loan Facility Anniversary Date (other than the Maturity Date), a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage, prorated to the Maturity Date in the case of the final Loan Facility Anniversary Date prior to the Maturity Date.

  • From the Effective Date through the first Facility Anniversary Date, in no event shall the aggregate Collateral Value with respect to all Pre-Development Land and Land Under Development exceed 60% of the aggregate Collateral Value with respect to all Eligible Collateral within the Borrowing Base.


More Definitions of Facility Anniversary Date

Facility Anniversary Date means the Closing Date and the last Business Day of each subsequent 364-day period occurring after the Closing Date, provided that if any such day is not a Business Day, the Facility Anniversary Date shall be the Business Day immediately preceding such day.
Sample 1
Facility Anniversary Date means each anniversary of the Effective Date.
Sample 1

Related to Facility Anniversary Date

  • Anniversary Date means each anniversary of the Closing Date.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • First Anniversary means the first anniversary of the Closing Date.

  • Relevant Anniversary See "Bankruptcy Loss Amount."

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing 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).

  • Revolving Facility Termination Date means the earlier of (i) January 29, 2013, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Scheduled Commitment Termination Date means May 24, 2016, as such date may be extended by mutual agreement of the parties hereto (each, in their sole and absolute discretion) pursuant to Sections 2.21 and 12.01(b).

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • 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.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Anniversary means each annual anniversary date of the Effective Date during the Term (as defined in Section 5 hereof).

  • 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.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • 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.

  • Availability Termination Date means, as to any Borrower, the earlier of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Termination Date means the date of the termination of the Executive’s employment with the Company.

  • 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.

  • 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.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • CONTRACT ANNIVERSARY The anniversary of the Contract Date.

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.