First Extended Facility Termination Date definition

First Extended Facility Termination Date. December 14, 2023.
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First Extended Facility Termination Date. Defined in Section 3.07.
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First Extended Facility Termination Date shall have the meaning specified in Section 9(a) of this Agreement.
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Examples of First Extended Facility Termination Date in a sentence

  • If Sellers request to exercise the first option to extend the Facility Termination Date in the manner set forth in Section 3.06(a), then Sellers may request to extend the Funding Period for a period of one (1) year (the “Funding Period Extension Option”) ending on the First Extended Facility Termination Date, by delivering written notice from Sellers to Buyer of such request no earlier than ninety (90) days and no later than thirty (30) days prior to the Initial Facility Termination Date.

  • In addition, Seller has requested and Buyer has consented to the extension of the Funding Expiration Date to October 2, 2021 (the First Extended Facility Termination Date).

  • Upon Buyer’s determination in its discretion that (a) all conditions precedent set forth in Section 3.07 have been satisfied and (b) all conditions precedent set forth in Section 5 of this Amendment No. 2 to A/R MRA are satisfied, Buyer’s consent to the extension will be deemed granted and the Facility Termination Date will be extended to October 2, 2021 (the First Extended Facility Termination Date) upon the closing of this Amendment No. 2 to A/R MRA.


More Definitions of First Extended Facility Termination Date

First Extended Facility Termination Date and the “Final Extended Facility Termination Date” as applicable). Such requests may be approved or denied in Buyer’s sole discretion, and in any case shall be approved only if (i) no Default, Event of Default or Margin Deficit that is due and unpaid in accordance with Section 4(a) shall exist, in each case, on the date of Seller’s request to extend or on the then current Facility Termination Date, (ii) Seller shall deliver an Officer’s Certificate to Buyer certifying that all representations and warranties in this Agreement remain true, correct, complete and accurate in all respects as of the then current Facility Termination Date (except such representations which by their terms speak as of a specified date and subject to any exceptions disclosed to Buyer in an Exception Report prior to such date and approved by Buyer), and (iii) on or before the then current Facility Termination Date, Seller shall have paid the Extension Fee to Buyer. For the avoidance of doubt, in the event that Seller requests each of the two extensions set forth in this Section 9(b) and Buyer approves the extensions in Section 9(b), (i) Seller would be obligated to pay the Extension Fee to Buyer first on or before January 16, 2023 and January 16, 2024 and (ii) the Facility Termination Date would be extended by two (2) years in the aggregate to the Final Extended Facility Termination Date (i.e January 16, 2025).
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Related to First Extended Facility Termination 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).

  • Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • 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.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • 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. Example Following the Previous Example: If TIPS offers a one-year extension, the expiration of the extended term shall be May 31, 2024. TIPS may offer to extend Vendor Agreements to the fullest extent the original Solicitation permits.

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).