Initial Reinvestment Period Extension definition

Initial Reinvestment Period Extension has the meaning assigned to that term in Section 2.19(b).
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Examples of Initial Reinvestment Period Extension in a sentence

  • Following such Initial Reinvestment Period Extension, the Borrower may, at any time thereafter, make a request to the Administrative Agent to extend the date set forth in clause (a) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension) for an additional period of one year.

  • The effectiveness of either the Initial Reinvestment Period Extension or the Second Reinvestment Period Extension shall be conditioned upon the payment of a Reinvestment Period Extension Fee (as defined in the SMBC Lender Fee Letter) to the Administrative Agent for the Administrative Agent’s own account, in immediately available funds.

  • Following such Initial Reinvestment Period Extension, the Borrower may, at any time thereafter, make a request to the Administrative Agent and the Lenders to extend the date set forth in clause (i) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension) for an additional period of one year (such extension, the “Second Reinvestment Period Extension”).

  • The effectiveness of either the Initial Reinvestment Period Extension or the Second Reinvestment Period Extension shall be conditioned upon the payment of the applicable Extension Fee to the Administrative Agent for the Administrative Agent’s own account, in immediately available funds.

  • The effectiveness of either the Initial Reinvestment Period Extension or the Second Reinvestment Period Extension shall be conditioned upon the payment of a Reinvestment Period Extension Fee (as defined in each Lender Fee Letter) to the Administrative Agent for the Administrative Agent’s own account, in immediately available funds.

  • Following such Initial Reinvestment Period Extension, the Borrower may, within 60 days but not less than 45 days prior to the date set forth in clause (i) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension), make a request to the Lenders to extend the date set forth in clause (i) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension) for an additional period of one year.

  • The effectiveness of either the Initial Reinvestment Period Extension or the Second Reinvestment Period Extension shall be conditioned upon the payment of the Additional Structuring Fee (as defined in the Fee Letter) to the Agent for the Agent’s own account, in immediately available funds.

  • Following such Initial Reinvestment Period Extension, the Borrower may, within 60 days but not less than 45 days prior to the date set forth in clause (i) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension), make a request to the Agent to extend the date set forth in clause (i) of the definition of “Reinvestment Period” (as revised by the Initial Reinvestment Period Extension) for an additional period of one year.

  • The Borrower confirms that any of the Lenders or the Administrative Agent, in their sole and absolute discretion, may elect to not consent to an Initial Reinvestment Period Extension and/or a Second Reinvestment Period Extension.

  • Within 30 days but not less than 15 days prior to the expiration of the Initial Reinvestment Period Extension, the Borrower may request that the Lenders and the Administrative Agent extend the date set forth in clause (i) of the definition of “Reinvestment Period” (as previously extended) for an additional period of time, not to exceed one year.

Related to Initial Reinvestment Period Extension

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Debt service extension base means an amount equal to that

  • Increased Facility Activation Notice means a notice substantially in the form of Exhibit B-1.

  • Reinvestment Period means 15 months following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Extension Term means the time period defined in §2.C.

  • Initial Rate Cap With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • REO Extension As defined in Section 3.16(a).

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Acquisition Period means the period ending five (5) business days prior to

  • Extension Period has the meaning set forth in Section 2.11.

  • Assumed Reinvestment Rate one-twelfth (1/12) of the yield rate, as of the date 5 Business Days before the Prepayment Date, on the Treasury Security, as reported in The Wall Street Journal, expressed as a decimal calculated to five digits. In the event that no yield is published on the applicable date for the Treasury Security, Lender, in its discretion, shall select the non-callable Treasury Security maturing in the same year as the Treasury Security with the lowest yield published in The Wall Street Journal as of the applicable date. If the publication of such yield rates in The Wall Street Journal is discontinued for any reason, Lender shall select a security with a comparable rate and term to the Treasury Security. The selection of an alternate security pursuant to this Section shall be made in Xxxxxx’s discretion.

  • Extension Date has the meaning specified in Section 2.19(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Existing Commitment Termination Date as defined in Section 2.12(a).