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 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

Examples of Facility Anniversary Date in a sentence

  • 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 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 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 Request”); provided, however, such request shall not be made more than once during any such forty-five (45) day period.

  • 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.

  • 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 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.

  • 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.

  • 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.

  • 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.

  • On the Closing Date (and as a condition of closing of the Loan), 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.


More Definitions of Facility Anniversary Date

Facility Anniversary Date means each annual anniversary of the Effective Date beginning February 14, 2006.
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).

  • Second Anniversary means the second yearly anniversary after the Effective Date.

  • 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.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • 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 Each anniversary of the Cut-off Date.

  • Activation Date means the date on which the Service and User Account (hereinafter defined) are activated for the Customer by TM as more particularly described in Clause 3.2 hereunder.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Availability Termination Date means, as to either Borrower, the earliest 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 The scheduled Agreement “termination date” shall be the last day of the month of the month of the Original Solicitation’s Anticipated Award Date plus three years. Example: If the original term is approximately three years, and the solicitation provides an anticipated award date of May 22, 2020, the expiration date of the original three-year term shall be May 31, 2023. Extensions: Any extensions of the original term shall begin on the next day after the day the original term expires.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • 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.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • 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.