Facility Reduction Date definition

Facility Reduction Date means, in relation to a Vessel:
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Facility Reduction Date the Facility Reduction Commencement Date and each Scheduled Redetermination Date thereafter, to and including the Final Maturity Date;  "Field Life End Date"the date (included in the IFC Base Case) which is the earlier of: 
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Facility Reduction Date means February 28, 2007.
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Examples of Facility Reduction Date in a sentence

  • Lender shall issue Commercial Letters of Credit, and Usance Letters of Credit for the account of Borrower, in accordance with Section 3 of this Agreement, provided that the aggregate amount thereof outstanding at any one time shall not exceed (i) prior to the Facility Reduction Date, Five Million Dollars ($5,000,000.00), and (ii) on and after the Facility Reduction Date, Two Million Dollars ($2,000,000.00).

  • The LRM approach can be used to conduct screening-level assessments that roughly classify or prioritize samples on the basis of sediment chemistry.

  • If the Facility Reduction Amount is higher than the Loans then outstanding, the Available Facility shall be reduced on the Facility Reduction Date in order to ensure that the aggregate amount prepaid and so reduced is equal to the Facility Reduction Amount.

  • If the Facility Reduction Amount is higher than the Loans then outstanding, the Available Facility shall be reduced on a proportionate basis on the Facility Reduction Date in order to ensure that the aggregate amount prepaid and so reduced is equal to the Facility Reduction Amount.

  • Lender shall not be required to issue any Letter of Credit that would cause the outstanding amount of Letters of Credit after the Facility Reduction Date to exceed Two Million Dollars ($2,000,000).

  • Lender shall make Advances to Borrower, in accordance with Section 2.2 of this Agreement for working capital purposes and, to the extent not prohibited hereunder, other general corporate purposes, provided that the aggregate amount thereof outstanding at any one time shall not exceed (i) prior to the Facility Reduction Date, Fifty Million Dollars ($50,000,000.00), and (ii) on and after the Facility Reduction Date, Twenty Million Dollars ($20,000,000.00).

  • If any Vessel is sold or otherwise is disposed of (whether in whole or in part) or suffers a Total Loss, the Facility shall be prepaid by an amount equal to the Facility Reduction Amount on the Facility Reduction Date.

  • If the Subsequent Market Value Average Age at that time is more than 1.0 year higher than the Initial Market Value Weighted Average Age, the Facility Reduction Amount shall be recalculated using the formula referred to above but substituting as N the Subsequent Market Value Average Age for the Initial Market Value Average Age and the revised amount shall apply on the next, and each subsequent (unless and until this Clause 6.5(c) applies again) Facility Reduction Date.

  • On each Facility Reduction Date, the Borrowers must repay such part of the Loans then outstanding as exceeds the Total Commitments (as the same may have been reduced by any Commitment reductions under Clause 6.5 (Automatic cancellation)).

  • The Facility Agent and the Representative Borrower may enter into such other arrangements as they may agree for the adjustment of Terms and the consolidation and/or splitting of Loans and will enter into such arrangements as are practicable to ensure that Loans in amounts at least equal to the amount required to be repaid on a Facility Reduction Date have a Term ending on such Facility Reduction Date.


More Definitions of Facility Reduction Date

Facility Reduction Date shall have the meaning given to such term in that certain Third Amendment to Side Letter dated as of the Effective Date by and between Sellers and Administrative Agent.
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Facility Reduction Date means August 30, 2023.
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Facility Reduction Date means each of the twelve (12) consecutive quarterly dates referred to in Clause 6.5 (Automatic cancellation).
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Facility Reduction Date means the first date after the Commitment Termination Date on which both of the following events shall have occurred (i) the sum of (x) the aggregate principal amount of First Priority Term Loans which have been repaid prior to such date other than by Scheduled Repayments pursuant to Section 4.02(a) and (y) the aggregate amount of reductions to the Total First Priority Term Loan Commitment pursuant to Section 4.02(d) prior to such date shall equal or exceed the First Priority Term Loan Reduction Amount and (ii) no Second Priority Term Loan shall be outstanding.
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Related to Facility Reduction Date

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

  • 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.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 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.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • 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.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • 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.

  • 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.

  • Revolving Loan Commitment Termination Date means the earliest of

  • 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.

  • 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.

  • 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).

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

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Credit allowance date means with respect to any qualified equity investment:

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

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • 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.

  • Revolving Termination Date means the earlier to occur of:

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.