Loan Termination Date definition

Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Loan Termination Date means the earliest to occur of the following: (a) November 4, 2011, (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.”

Loan Termination Date means the earlier to occur of: (a) the date on which the Commitment is permanently reduced to zero pursuant to Section 2.06; and (b) the date that is five (5) days after the Closing Date.

Examples of Loan Termination Date in a sentence

• With respect to any Open Loan and, to the extent that Lender has agreed to an Early Return Option in the applicable Loan Term Sheet for a Fixed Term Loan, any such Fixed Term Loan, Borrower may notify Lender during Business Hours of Borrower’s intent to return all or part of the applicable Loaned Currency prior to the Loan Termination Date or any Recall Request Day, as applicable, which notice shall specify the Loaned Currency to be returned and the contemplated Redelivery Day.

• Borrower shall return the relevant amount of Loaned Currency to Lender by 5:00 p.m. New York Time on the earliest to occur of the Loan Termination Date, the Recall Delivery Day, and the Redelivery Day for such Loaned Currency.

• Notwithstanding anything herein to the contrary, if there are any Loans outstanding at the time either Party sends a notice of termination pursuant to this Section XXVII, such termination of this Agreement will not be effective until all Loans are terminated on the relevant Loan Termination Date or pursuant to Section (II)(d).

More Definitions of Loan Termination Date

Loan Termination Date shall have the meaning set forth in SECTION 6.3.

Loan Termination Date means (i) with respect to the Revolving Loan, the earlier of (A) April 15, 2007 or (B) the date at which the maturity of the Revolving Note may be accelerated pursuant to Section 9.2 of the Agreement; and (ii) with respect to any Term Loan, the earlier of (A) the maturity date of the applicable Term Note or (B) the date to which the maturity of the applicable Term Note may be accelerated pursuant to Section 9.2 of the Agreement.

Loan Termination Date means the earlier of (a) November 2, 2002, (b) the date of payment and performance in full of all the Obligations of Borrower under the Loan Documents (other than the Overriding Royalty Interest Conveyance), and (c) the date on which Lender notifies Borrower, as provided in Section 10.2, of the acceleration of payment of all Obligations because of the occurrence of an Event of Default.

Loan Termination Date means the date on which all Obligations, other than contingent liabilities and obligations which are unasserted at such date, have been paid and satisfied in full and all Commitments have been terminated.

Loan Termination Date means July 1, 2002; provided, however, that the Loan Termination Date shall be extended to October 31, 2002, if, by July 1, 2002, the Borrower has executed an engagement letter, in form and content satisfactory to Bank in its sole discretion, with respect to a transaction (whether an initial public offering or private placement of securities, subordinated debt offering or bank credit facility) that will result in proceeds sufficient to refinance the Loan and all other indebtedness of Borrower and its Affiliates owed to Bank.

Loan Termination Date means the earlier of (a) June 30, 2004, or in the event that the Banks and Borrower shall hereafter mutually agree in writing that the Loan and the Banks' commitments hereunder shall be extended to another date, and the Notes shall be modified or amended to reflect such extension, such other date mutually agreed upon between the Agent, the Banks and Borrower to which the Banks' commitments shall have been extended, or (b) the date as of which Borrower shall have terminated the Banks' commitment under the provisions of Section 2.5 hereof.

Loan Termination Date means the earliest to occur of the following: (i) September 1, 2011, (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER's election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.