Floor Plan Adjustment Date definition

Floor Plan Adjustment Date means each of (a) the last Business Day of each calendar month, and (b) the first Business Day after two (2) Business Days prior written notice from the Swing Line Bank to the Agent requesting therein a Floor Plan Adjustment Date, but in any event not less frequently than once each calendar month.
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Floor Plan Adjustment Date means the first Business Day of each calendar month.
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Examples of Floor Plan Adjustment Date in a sentence

  • If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation providing for three (3) Business Days' notice, the Company shall be deemed to have delivered the Request for Borrowing and requested that on the Floor Plan Adjustment Date all Floor Plan Loans be Comerica Prime Rate Borrowings.

  • We will pay upto 25% of sum insured for any other Accidental permanent partial disability, not mentioned in the above table, as per the assessment of the competent and qualified Independent Medical Practitioner.

  • Such loans (the “Refunded Swing Line Loans”) shall accrue interest at (i) the Comerica Prime-based Rate, if requested upon the occurrence of an Event of Default, or (ii) the LIBO Rate plus the Applicable Margin or the Comerica Prime-based Rate, at the Borrowers’ option, if requested on any Floor Plan Adjustment Date.

  • ABA’s efforts to maintain the integrity of the profession and to honor paragraph (d)’s application within the legal profession, this Comment offers a fresh perspective with the help of a few psychological theories.

  • If, for any reason, the Company does not deliver the Tranche Notice as herein provided, the Company shall be deemed to have requested that on such Floor Plan Adjustment Date the Floor Plan Tranche Amount be equal to the Floor Plan Tranche Amount as of the immediately preceding Floor Plan Adjustment Date.

  • If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, the Company shall be deemed to have requested that on such Floor Plan Adjustment Date the Floor Plan Tranche Amount be equal to the Floor Plan Tranche Amount as of the immediately preceding Floor Plan Adjustment Date and that all Floor Plan Loans be a Eurodollar Borrowing having an Interest Period of seven days’ duration.

  • If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation, providing for three (3) Business Days’ notice, the Company shall be deemed to have requested that on such Floor Plan Adjustment Date all Floor Plan Loans be Eurodollar Borrowings.

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  • On each Floor Plan Adjustment Date, payments shall be made by or to M&T Bank on account of the M&T Advances and by or to the other Lenders so that as of each Floor Plan Adjustment Date, and after giving effect to the transactions to take place on such Floor Plan Adjustment Date, each Lender’s funded portion of the aggregate outstanding principal balance of the Floor Plan Committed Loans shall equal such Lender’s Floor Plan Commitment Percentage of such Outstanding Amount.

  • If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation, providing for three (3) Business Days’ notice, the Company shall be deemed to have requested that on such Floor Plan Adjustment Date all Floor Plan Loans be a Eurodollar Borrowing having an Interest Period of one month’s duration.

Related to Floor Plan Adjustment Date

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.