Facility Expiration Date definition

Facility Expiration Date means the last day of the Facility Availability Period; provided, that the Facility Expiration Date shall be extendable by Seller for up to three consecutive one year periods, subject to the following:

Facility Expiration Date means the day that is the earlier of (i) the Stated Facility Expiration Date and (ii) any Accelerated Repurchase Date.

Facility Expiration Date means the Scheduled Facility Expiration Date; provided, that on any Business Day following the occurrence of a Change of Control with respect to Guarantor or Seller, Agent may deliver a written notice to Seller terminating the Facility Term, in which case the Facility Expiration Date shall be the first Monthly Date to occur that is at least five (5) Business Days following the date of such delivery.

Examples of Facility Expiration Date in a sentence

• Such Letter of Credit fees shall be due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand.

• The entire remaining indebtedness evidenced by this Note, if not sooner paid in accordance with the terms of the Agreement or this Note, shall be due and payable on the Revolving Term Facility Expiration Date.

• Such Fronting Fees shall be due and payable on the tenth Business Day (or in the case of Letters of Credit issued by Credit Suisse AG, Cayman Islands Branch, or any of its Affiliates, the first Business Day) after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand.

• Such Fronting Fees shall be due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Facility Expiration Date and thereafter on demand.

• All Unused Commitment Fees shall accrue to the first day of each month and be payable monthly in arrears on the 20th day of each month hereafter and on the Revolving Term Facility Expiration Date.

More Definitions of Facility Expiration Date

Facility Expiration Date means the earlier to occur of the Final Stated Maturity Date and the termination in whole of the Commitment pursuant to Section 6.01(b).

Facility Expiration Date means the day that is the earliest of (i) the Initial Facility Expiration Date, as such date may be extended pursuant to Article 3(h), (ii) any Accelerated Repurchase Date or (iii) any Early Termination Date.

Facility Expiration Date means the Scheduled Facility Expiration Date; provided , that on any Business Day following the occurrence of a Change of Control with respect to Guarantor or Seller, Agent may deliver a written notice to Seller terminating the Facility Term, in which case the Facility Expiration Date shall be the first Monthly Date to occur that is at least five (5) Business Days following the date of such delivery.

Facility Expiration Date means the Scheduled Facility Expiration Date; provided, that (i) the Facility Expiration Date shall be deemed to have occurred on the first date (if any) upon which Seller or Guarantor becomes Insolvent, (ii) on any Business Day during which an Event of Default has occurred and is continuing, Agent may deliver a written notice to Seller and each Buyer terminating the Facility Term, in which case the Facility Expiration Date shall be deemed to occur on the date of such delivery, (iii) on any Business Day during the Facility Term, Seller may deliver a written notice to Agent terminating the Facility Term effective as of the first Weekly Date to occur that is at least three (3) Business Days following the date of such delivery and (iv) if all Buyers hereunder have become Reducing Buyers as of any date, Agent may deliver to Seller and each Buyer a written notice terminating the Facility Term effective as of the later of (x) the first Weekly Date following the delivery of such written notice and (y) the first Weekly Date occurring on or after the expiration of the Seasonal Commitment Period.

Facility Expiration Date means October 6, 2019, or any later date to which the Facility Expiration Date may be extended in accordance with Section 3(i) of this Agreement, or any earlier date on which the Transactions are required to terminate in full and all Purchased Mortgage Loans are required to be repurchased under this Agreement. The Facility Expiration Date is subject to two (2) twelve (12) month extensions pursuant to the provisions of Section 3(i).

Facility Expiration Date means the Scheduled Facility Expiration Date in effect from time to time; provided, that (i) the Facility Expiration Date shall be deemed to have occurred on the first date (if any) upon which a Repurchase Date shall be deemed to occur pursuant to Paragraph 11 of the Master Repurchase Agreement, and (ii) on any Business Day Buyer may deliver a written notice to Seller terminating the Facility Term as of the date that is thirty (30) days following the receipt by Seller of such notice, in which case the Facility Expiration Date shall be deemed to occur on the last day of such thirty-day period.

Facility Expiration Date means the Scheduled Facility Expiration Date; provided, that (i) the Facility Expiration Date shall be deemed to have occurred on the first date (if any) upon which an Insolvency Event shall occur with respect to any Seller Entity, (ii) on any Business Day during which an Event of Default has occurred and is continuing, Buyer may deliver a written notice to Seller terminating the Facility Term, in which case the Facility Expiration Date shall be deemed to occur on the date of such delivery and (iii) on any Business Day during the Facility Term, Seller may deliver a written notice to the Buyer terminating the Facility Term effective as of the first Settlement Date to occur that is at least three (3) Business Days following the date of such delivery.