First Extended Termination Date definition

First Extended Termination Date has the meaning given that term in Section 2.12(b).

First Extended Termination Date means the date that is one year after the Original Termination Date (or, if such date is not a Business Day, the immediately preceding Business Day).

First Extended Termination Date means the date falling 364 days after the Original Termination Date.

Examples of First Extended Termination Date in a sentence

• In the event Purchaser, notwithstanding its reasonable good faith efforts, has not received City approval of its Development Plan, Purchaser shall have the right to extend the Termination Date described in Section 8.1 herein above (the "Original Termination Date") for an additional period of 30 calendar days (the "First Extended Termination Date") by giving written notice to Seller (the "First Extension Notice") on or before a date that is five (5) days prior to the Original Termination Date.

• Subject to the terms of Section 2.3, on each of the Line of Credit Loan Commitment Termination Date, the First Extended Termination Date and the Second Extended Termination Date, the Majority Banks shall have the right in their sole discretion to convert (the "Loan Conversion") the Line of Credit Loans of all the Banks to term loans (the "Interim Term Loan Facility") which will be fully secured in accordance with the terms of Article III hereof and rank pari passu with the UBN Credit Agreement.

• On the Original Termination Date and on the First Extended Termination Date the Commitments and the share of any outstanding Loans of the Lenders which have not agreed to the extension on such date shall be reduced to zero and all amounts owing to them will be repaid at the relevant Termination Date (and those Lenders shall cease from that date to be Lenders under this Agreement) and the amount of the Facility shall be reduced accordingly.

• The participations and Available Commitments of those Lenders which have not agreed to the extension request pursuant to paragraph ‎(a) and/or paragraph ‎(b) above shall be repaid and cancelled in full (in relation to Lenders that have not agreed to any postponement of the Initial Termination Date) on the Initial Termination Date or (in relation to Lenders that have agreed to a postponement until the First Extended Termination Date) on the First Extended Termination Date.

• The Borrower shall have the option, exercisable one time, to extend the First Extended Termination Date for an additional six-month period (the “Second Extended Termination Date”).

More Definitions of First Extended Termination Date

First Extended Termination Date shall have the meaning set forth in Section 9.1(c)(ii).

First Extended Termination Date is defined in Section 1.18 hereof “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the Amendment No. 2 Effective Date, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Relevant Rate. “FRB” means the Board of Governors of the Federal Reserve System of the United States. “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to an L/C Issuer, such Defaulting Lender’s Revolver Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized by the Borrower or such Defaulting Lender in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolver Percentage of outstanding Swingline Loans made by the Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or repaid in accordance with the terms hereof. “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

First Extended Termination Date has the meaning given to such term in paragraph 11.2.4 of Clause 11.2 (Extension Option).

First Extended Termination Date has the meaning given to that term in Clause 8.2(a) (Extension of Loan).

First Extended Termination Date has the meaning set forth in Section 3.14.

First Extended Termination Date means January 1, 2018.

First Extended Termination Date is defined in Section 1.18 hereof “Floor” means a rate of interest equal to 0%. “FRB” means the Board of Governors of the Federal Reserve System of the United States.