First Extended Termination Date definition
Examples of First Extended Termination Date in a sentence
The Borrower shall exercise such option by executing and delivering to the Administrative Agent at least 30 days but not more than 90 days prior to the First Extended Termination Date, a written request for such extension (a “Second Extension Notice”).
That portion of the Term commencing on December 1, 2022 and ending on the First Extended Termination Date shall be referred to herein as the “First Extended Term”.
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”).
For the avoidance of doubt, each Lender shall be entitled to decide whether or not to accept an Extension Request relating the Second Extended Termination Date, regardless whether it accepted an Extension Request relating to the First Extended Termination Date.
In addition, it is used as background information for the purpose of accountability and dialogue with legislators and citizens on public issues and government direction (OECD, 2007).