Examples of Lending Period in a sentence
The Borrower may terminate the Lending Period upon not less than thirty (30) Business Days’ prior written notice to the Lender and the Administrative Agent.
Advances will be made during the Lending Period only (i) on Business Days, and (ii) if, after the related Advance, the Lending Facility Balance does not exceed either (A) the Lending Facility Amount or (B) the Borrowing Base.
End Users agree and acknowledge that at the end of the Lending Period all rights to access the Digital Content expire and terminate.
After the Lending Period, the Lender shall issue, as part of the Monthly Report, a report on the amortization of all outstanding Program Loans through the end of that month reporting the total principal repayment for all Lender's Program Loans during that month (the "Aggregate Amortization Amount").
After the Lending Period, Michigan SAVES shall have no obligation to make additional contributions to the Lender's Reserve Fund Balance other than the Initial Loan Loss Reserve Amount.
If a Program Loan made during the Lending Period has been repaid or prepaid, then the Lender's Reserve Fund Balance shall be reduced by twenty percent (20.0%) of the repayment amount of the Program Loan which has been repaid or prepaid (to the extent not previously included Aggregate Amortization Amount pursuant to Section 3.4(b)).
Within fifteen days following the end of the Lending Period, Lender will provide Michigan Saves with a current Monthly Report.
Each Lender's Commitment to make Loans under the Loan Agreement shall terminate at the end of the Applicable Lending Period and shall be suspended during any time that an event or circumstance that constitutes a Default has occurred and is continuing under the Loan Agreement.
The Lender's Reserve Fund Balance will be reset to an amount equal to fifty percent (50%) of the outstanding principal amount of all Program Loans listed in the Monthly Report as of the end of the Lending Period.
In no ------------- event will the Administrative Agent and the Lenders make a Loan or be obligated to make a Loan after the termination of the Applicable Lending Period.