Funding Availability Period definition

Funding Availability Period means the period commencing on the Closing Date and ending on the earliest to occur of (i) the Funding Date on which the Term Loans are funded in full and the Commitment does not remain unused, (ii) the third Funding Date and (iii) 5:00 p.m. Eastern time on March 15, 2021.
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Funding Availability Period means the period commencing on the Closing Date and ending on the earliest to occur of (i) the Funding Date on which the Term Loans are funded in full and no Commitments remain unused, (ii) the fourth Funding Date and (iii) 5:00 p.m. New York City time on April 28, 2022.
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Funding Availability Period means the period from and including the Effective Date to, and including, the Commitment Termination Date.
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Examples of Funding Availability Period in a sentence

  • Subject to the terms and conditions of this Agreement and the other Credit Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Credit Documents, each Lender severally agrees to make Term Loans to the Borrower during the Funding Availability Period in an aggregate principal amount for all Term Loans made by such Lender not to exceed such Lender’s Commitment; provided that there shall be no more than four (4) Funding Dates.

  • Notwithstanding anything to the contrary herein, the Borrower may request up to four (4) Borrowings (which, for the avoidance of doubt, shall not include any Conversions or continuations of existing Borrowings) during the Funding Availability Period.

  • The Commitment of each Lender shall automatically and permanently terminate on the last day of the Funding Availability Period.

  • Unless previously terminated, the Commitment of each Lender shall automatically terminate upon the termination of the Funding Availability Period.

  • For the avoidance of doubt, any remaining unused Commitments shall automatically terminate on the last day of the Funding Availability Period and, if applicable, immediately after the funding of Term Loans requested by the Borrower to be made on such day.


More Definitions of Funding Availability Period

Funding Availability Period means the period from and including the Effective Date to, and including, the Commitment Termination
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Funding Availability Period means the period commencing on the Closing Date and ending on the earliest to occur of (i) the Funding Date on which the Term Loans are funded in full and no Commitments remain unused, (ii) the second Funding Date, (iii) the date the Closing Date Acquisition Agreement is terminated without the consummation of the Closing Date Acquisition, (iv) the payment or satisfaction in full of all of the Indebtedness of InfraReit, Inc.’s Subsidiaries to be paid or otherwise satisfied in connection with the Closing Date Acquisition, and (v) the Maturity Date, regardless of whether any Funding Date actually occurs.
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Related to Funding Availability Period

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Available Commitment means a Lender’s Commitment minus:

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Canadian Availability means, with respect to the Canadian Loan Parties, at any time, an amount equal to (a) the lesser of (i) the total Canadian Revolving Subcommitment of all Canadian Revolving Lenders and (ii) the Canadian Borrowing Base minus (b) the total Canadian Revolving Exposure of all Canadian Revolving Lenders.