Initial Facility Termination Date definition

Initial Facility Termination Date. December 14, 2022.

Initial Facility Termination Date in Section 2 of the Repurchase Agreement is hereby amended and restated in its entirety as follows:

Initial Facility Termination Date means May 21, 2016.

Examples of Initial 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.

• The period commencing on the day immediately following the Initial Facility Termination Date and ending on the First Extended Facility Termination Date.

• No additional Transactions shall be entered into after the Initial Facility Termination Date.

• The earliest of (a) the Initial Facility Termination Date, as such date may be extended pursuant to Section 3.06(a), (b) any Accelerated Repurchase Date, and (c) any date on which the Facility Termination Date shall otherwise occur in accordance with the Repurchase Documents or Requirements of Law.

• The period in existence as of the Closing Date to and including (x) if Buyer has granted the Funding Period Extension Option, the First Extended Facility Termination Date or (y) if Buyer has not granted the Funding Period Extension Option, the Initial Facility Termination Date.

More Definitions of Initial Facility Termination Date

Initial Facility Termination Date means February 24, 2016.

Initial Facility Termination Date. December 14, 2014.

Initial Facility Termination Date means May 21, 2019.

Initial Facility Termination Date means May 21, 2017.

Initial Facility Termination Date means September 23, 2020.”

Initial Facility Termination Date and “Maximum Amount”, each as set forth in ARTICLE 2 of the Repurchase Agreement, are each hereby amended and restated in their entirety to read as follows:

Initial Facility Termination Date. November 20, 2013.