Loan Election Date definition

Loan Election Date means the first Valuation Date coinciding with or immediately following the date on which the Participant makes a request to receive a loan pursuant to Article XII.
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Examples of Loan Election Date in a sentence

  • Upon written notice to ------------------------------ each Bank not less than thirty (30) days prior to the end of a calendar quarter up to and including the calendar quarter ending on the Term Loan Election Date, the Company may elect to convert not less than $25,000,000 and not more than $75,000,000 of the Total Aggregate Commitment to a term loan (the "Term Loan") effective at the beginning of the next calendar quarter (the "Term Loan Conversion Date") under the terms and conditions set forth herein.

  • Such Eligible Assignee must agree to a Revolving Loans Maturity Date and a Term Loan Election Date which is coterminous with the Revolving Loans Maturity Date and the Term Loan Election Date for all of the renewing Banks and must be approved by the Agent, which approval shall not be unreasonably withheld or delayed.

  • The Term Loan Election Date shall be extended to the first anniversary of the then effective Term Loan Election Date as to all Banks that approve such extension.

  • Each Bank shall notify the Agent and the Company, in writing and within 20 days of receipt of an Extension Request, whether it will extend the Term Loan Election Date.

  • If any Bank elects not to extend the Term Loan Election Date, or does not give notice of its election to extend the Term Loan Election Date on or before the date which is 10 days before the then applicable Term Loan Election Date, the Term Loan Election Date shall not be extended as to such non-renewing Bank.

  • Term Loan Election ------------------------------------ Date may be extended to the first anniversary of the then applicable Term Loan Election Date, at the sole discretion of each of the Banks, upon receipt from the Company of an Extension Request delivered to the Agent not earlier than 60 days and not later than 30 days prior to the then existing Term Loan Election Date.

Related to Loan Election Date

  • Election Date has the meaning specified in Section 312(h).

  • Term Loan Election has the meaning specified in Section 2.06.

  • Extension Election has the meaning set forth in Section 2.16(c).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • 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.

  • Selection Date means, with respect to each New Account, the date on which such New Account is originated.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

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

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).

  • 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.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Final Scheduled Distribution Date means, with respect to the Class A-1 Notes, the Distribution Date in [_______]; with respect to the Class A-2 Notes, the Distribution Date in [_______]; with respect to the Class A-3 Notes, the Distribution Date in [_______]; with respect to the Class B Notes, the Distribution Date in [_______]; with respect to the Class C Certificates, the Distribution Date in [_______]; and with respect to the Class D Certificates, the Distribution Date in [_______].

  • Designation Date as defined in Subsection 2.10(f).

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.