Facility Availability Date definition

Facility Availability Date means December 31, 2005.

Facility Availability Date means January 2, 2025.

Facility Availability Date means December 31, 1997.

Examples of Facility Availability Date in a sentence

• The Administrative Agent is hereby authorized and directed to declare the occurrence of the New Facility Availability Date when it has received documents confirming compliance with the conditions set forth in this Section 5 or the waiver of such conditions as agreed to by the Existing Required Lenders pursuant to Section 10.02(b) of the Existing Credit Agreement.

• For purposes of determining compliance with the conditions specified in this Section 5, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed New Facility Availability Date specifying its objection thereto.

• For the purposes of calculating Participation Fees payable by EnergySolutions pursuant to Section 2.5(d), the Administrative Agent shall distinguish in the Register between the initial Synthetic Deposits made on the Synthetic Facility Availability Date and the Synthetic A Deposits made on the Amendment Effective Date.

• Unless sooner terminated as provided herein, the term of this Agreement shall be for Sixty (60) months from the Facility Availability Date (“Term”).

• The Letters of Credit issued and outstanding under the Amended Credit Agreement and described on Annex I hereto (the “Existing Letters of Credit”) shall be deemed to be issued under the New Credit Agreement on the New Facility Availability Date and shall no longer constitute Letters of Credit under the Amended Credit Agreement (the “Existing LC Rollover”).

• Following the Revolving Facility Availability Date through the Maturity Date, the Advances shall bear interest, on the average daily balance thereof, at a rate equal to, at Borrower's election, either (i) one-half of one (.50) percentage point above the Prime Rate, OR (ii) three and three-quarters (3.75) percentage points above the yield of the 48 month Treasury Note as reported in the Western edition of The Wall Street Journal, which rate shall be fixed at the time of Borrower's election.

• Except as set forth in Section 2.3(b), Borrower shall have a one-time option as to the Leasehold Advances outstanding on the Leasehold Facility Availability Date, to elect that all outstanding Leasehold Advances shall bear interest at a rate equal to three and one-tenth (3.10) percentage points above the thirty-six (36) month, and eighty-four (84) month, Treasury Note Yield to maturity, for the Leasehold Facility, as such rate is quoted by Bank.

• Interest shall accrue from the date of each Advance at the rate specified in Section 2.3(a), and shall be payable monthly on the Payment Date of each month through the month in which the Facility Availability Date falls.

• Neither Omeros nor any of its Subsidiaries has received any notice or, to the Knowledge of Omeros, any threat, of early termination of any Material Contract.

• The Effective Date shall constitute the Standby Facility Availability Date under the Facility Agreement as so amended and supplemented.

More Definitions of Facility Availability Date

Facility Availability Date means the first Business Day following fulfilment or waiver, as the case may be, of the Conditions Precedent referred to in Clause 5.1, or such other date as the Lender and the Borrower may agree in writing, provided that in respect of any Renewal Period subsequent to the First Facility Period, the Facility Availability Date means the first Business Day following the later of the commencement date of the Renewal Period and the date on which the lender receives a copy of the executed Concentrate Agreement or any amendment or renewal thereof which permits delivery of the Concentrate by the Borrower to Impala during the Renewal Period and which is in form and substance satisfactory to the Lender and is in full force and effect in accordance with its terms.