Facility Turbo Date definition

Facility Turbo Date means payment date occurring in the 18th month following the Closing Date or as otherwise agreed by the Administrative Agent and the Depositor.
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Facility Turbo Date means (a) if the Minimum Liquidity Test is satisfied, the date that is the [***] anniversary of the Commitment Termination Date, (b) if, at any time prior to such [***] anniversary, the Minimum Liquidity Test is not satisfied, the later of (i) the Commitment Termination Date and (ii) the date on which the Minimum Liquidity Test is not satisfied, or (c) the [***] Payment Date, if the Borrower fails to reduce the Borrowing Base to the Target Borrowing Base on or prior to the [***] Payment Date.
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Facility Turbo Date means the earlier of (i) the date that is one year after the first day of the [***] and (ii) the declaration or automatic occurrence of a Termination Event.
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Examples of Facility Turbo Date in a sentence

  • The maturity date of each Note shall be the Facility Turbo Date or such later date as to which the related Agent, with the consent of each Lender, shall notify the Borrower in writing.

Related to Facility Turbo Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the 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 Lender shall have been made).

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Installation Date means the date specified in the Statement of Work by which the Contractor must have the ordered Equipment ready (certified) for use by the State.