Loan Funding Period definition

Loan Funding Period means the period between the Effective Date and the Maturity Date.
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Examples of Loan Funding Period in a sentence

  • The Lender agrees, on the terms, conditions and limitations of this Agreement, to make Credit Loans in United States Dollars to the Borrowers, from time to time, during the Loan Funding Period, in an aggregate amount not to exceed at any one time outstanding the Maximum Loan Commitment, subject to compliance with the Availability.

  • Upon expiration of the Draw-To Term Loan Funding Period, the Draw-To Term Loan Lenders’ commitments to make additional Advances of the Draw-To Term Loan shall expire.

  • Subject to the terms and conditions of this Agreement (including without limitation Section 2.A.3 hereof), each Draw-To Term Loan Lender severally and for itself alone agrees to make Advances of the Draw-To Term Loan in Dollars to the Borrower from time to time on any Business Day during the Draw-To Term Loan Funding Period in an aggregate amount, not to exceed at any one time outstanding such Draw-To Term Loan Lender’s Draw-To Term Loan Percentage of the Draw-To Term Loan.

  • From the Effective Date through the last day of the Draw-To Term Loan Funding Period, the Borrower shall pay to the Agent for distribution to the Draw-To Term Loan Lenders pro-rata in accordance with their respective Draw-To Term Loan Percentages, a Draw-To Term Loan Commitment Fee quarterly in arrears commencing May 1, 2015, and on the first day of each February, May, August and November thereafter (in respect of the prior three months or any portion thereof during the Draw-To Term Loan Funding Period).

  • During the Construction Loan Funding Period, Borrower shall pay in arrears, not later than the first day of each month, interest at the rate in effect from time to time pursuant to Section 2.07(a) based on the average daily balance of the Construction Loans outstanding during the related monthly period.

  • During the Construction Loan Funding Period, Borrower shall be entitled to borrow and prepay, but may not reborrow, Construction Loans in accordance with the terms and conditions of this Agreement; provided, that Borrower may not borrow should there exist a Default or Event of Default.

  • The Term Loan Commitment Fee shall be payable quarterly in arrears on July 1, 2002 and on October 1, 2002, and at the termination of the Term Loan Funding Period, and shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

  • Upon the expiration of the Term Loan Funding Period, the Banks' commitments to make additional Advances of the Term Loan shall expire.

  • The Lenders that have issued Term A Loan Commitments, severally in accordance with their respective Commitment Ratios for the Term A Loans and not jointly, upon the terms and subject to the conditions of this Agreement, agree to lend to the Borrower, on and after the Agreement Date and on or prior to the expiration of the Term A Loan Funding Period, in multiple Advances, an aggregate amount not to exceed the Term A Loan Commitments.

  • Borrower agrees to pay to Lender a commitment fee, which shall accrue at a rate of one-quarter of one percent (0.25%) per annum on the daily amount of the unused amount of the Construction Loan Commitment during the period beginning on the date of the first Construction Borrowing and continuing through the Construction Loan Funding Period and one-half of one percent (0.50%) of the unused amount of the Revolving Commitment during the Revolving Credit Availability Period.

Related to Loan Funding Period

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Pre-Funding Earnings means any Investment Earnings on amounts on deposit in the Pre-Funding Account.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Funding Cycle means the period of time commencing with the Notice of Funding Availability or Notice of Credit Availability pursuant to this rule chapter and concluding with the issuance of allocations or loans to Applicants who applied during a given Application Period.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Group 1 Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group 1 Senior Percentage of the Principal Payment Amount for Loan Group 1, (b) the Group 1 Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group 1 and (c) the Group 1 Senior Liquidation Amount.