Interim Availability Period definition
Examples of Interim Availability Period in a sentence
The commitment fee shall accrue at all times during the Availability Period or the WC Interim Availability Period, as applicable, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable monthly in arrears on the last Business Day of each calendar month, commencing with the first such date to occur after the Closing Date, and on the Maturity Date.
The Bankruptcy Court shall have entered the Interim Order authorizing the interim use of Cash Collateral during the Interim Availability Period.
For any further use of Cash Collateral after the Interim Availability Period, the Bankruptcy Court shall have entered the Final DIP Order, in form and substance acceptable to Lender and the Landlords, providing for the use of Cash Collateral and the protections afforded in this Agreement.
Upon such request(s), Lender will decide in its sole and absolute discretion whether to make any such additional Advances during the Interim Availability Period.
The commitment fee shall accrue at all times during the Availability Period or the WC Interim Availability Period, as applicable, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable monthly in arrears on the last Business Day of each calendar month, commencing with the first such date to occur after the Closing Date, and on the Maturity Date or, with respect to the WC Interim Loans, on the WC Interim Maturity Date.
During the Interim Availability Period, Lender shall not be required to make more than four (4) Advances hereunder; or to Advance any amount in excess of the Interim Availability Amount.
If, for any reason, (A) during the Interim Availability Period, the outstanding amount of the Loan (net of interest accrued for the then-current month) exceeds the Interim Availability Amount; or (B) at any other time prior to the Termination Date, the outstanding amount of the Loan (net of interest accrued for the then-current month) exceeds the Aggregate Commitment, then the WV-Debtors-in- Possession shall immediately repay an amount equal to such excess.