LC Facility Termination Date definition

LC Facility Termination Date means the earliest of (a) the LC Facility Maturity Date, (b) the date of termination of all the LC Facility Commitments pursuant to Section 2.8 or Section 9.2 and (c) the date on which all the LC Facility Letter of Credit Obligations become due and payable pursuant to Section 9.2.
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LC Facility Termination Date means December 31, 2007 or any earlier date on which the Aggregate Facility LC Commitment is reduced to zero or otherwise restricted and/or the Facility LC Obligations shall become due and payable in accordance with the terms of this Agreement.
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LC Facility Termination Date and “Unencumbered Property” shall be deleted in their entirety and replaced with the following:
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Examples of LC Facility Termination Date in a sentence

  • Following the request of the Administrative Agent, the Revolving Agent or any Issuing Bank if, as of the L/C Facility Termination Date, any L/C Exposure for any reason remains outstanding, the Borrower shall, in each case, immediately following demand Cash Collateralize the then outstanding amount of all L/C Exposure.

  • The Borrower shall repay to the Administrative Agent for the ratable account of the LC Facility Lenders on the LC Facility Termination Date the aggregate principal amount of the LC Facility Advances and all LC Facility Unreimbursed Amount Borrowings then outstanding.

  • The Guarantor shall cause the Existing LC Facility Termination Date to occur within 30 days following the consummation of the merger of AXA Re Arizona Company with and into AXA Equitable Life Insurance Company in connection with the Unwind Transaction.

  • Upon the renewal of the LC Facility, provided no other terms are changed other than the LC Facility Termination Date, the Borrower shall pay to the Issuer a fee of 0.03 percent of the new Aggregate Facility LC Commitment.

  • Accrued fees described in this paragraph in respect of each Letter of Credit shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December and on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments (in the case of Letters of Credit issued under the Revolving Facility) and the LC Facility Termination Date (in the case of Letters of Credit issued under the LC Facility).

  • The L/C Issuance Fee shall be payable in respect of each Bank on the last day of each Facility Quarter during the term of such Bank's L/C Facility Commitment, and on the L/C Facility Termination Date.

  • Each Extension Confirmation Notice shall, if applicable, specify therein the new Revolving Credit Termination Date and L/C Facility Termination Date.

  • For the avoidance of doubt, this Clause 6.2 imposes no obligation on the Issuer to renew the facility beyond the LC Facility Termination Date.


More Definitions of LC Facility Termination Date

LC Facility Termination Date means the date falling 364 days after the date of issuance of a Facility LC (as such date may be extended by amendment hereto) or any earlier date on which the Aggregate Facility LC Commitment is reduced to zero or otherwise terminated and/or the Facility LC Obligations shall become due and payable in accordance with the provisions of this Agreement.
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LC Facility Termination Date means November 25, 2002 or the earlier date of termination in whole of the L/C Facility Commitments pursuant to Section 3.11, or such later date as shall be determined under Section 10.02; provided in each case that if such day shall not be a Business Day, the L/C Facility Termination Date shall occur on the immediately preceding Business Day.
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LC Facility Termination Date means 27 January 2006.
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LC Facility Termination Date means December 31, 2005."
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LC Facility Termination Date means the earliest of (a) the LC Facility Maturity Date, (b) the date of termination of all the LC Facility Commitments pursuant to Section 2.8 or Section 9.2 and (c) the date on which all the LC Facility Letter of Credit Obligations become due and payable pursuant to Section 9.2 .
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Related to LC Facility Termination Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Lender shall have been made).

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Liquidity Termination Date means the earlier to occur of (a) May 12, 2014, as such date may be extended from time to time by Three Pillars’ Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to Three Pillars.

  • Revolver Termination Date means the date that is the three (3) year anniversary of the Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination 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.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Loan Termination Date means the earliest to occur of the following: (i) as to the REVOLVING NOTES, November 1, 2012, as to the TERM NOTES, October 31, 2016, (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date ADMINISTRATIVE AGENT has received (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Scheduled Commitment Termination Date means, unless otherwise extended pursuant to and in accordance with Section 2.14, the Payment Date occurring in May 2024.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Revolving Termination Date means the earlier to occur of:

  • Revolving Loan Commitment Termination Date means the earliest of

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • 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.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Lease Termination Date means the last day of the Lease Term.

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Agreement Termination Date is defined in Section 7.4.