MIDDAY draw means the afternoon draw (at approximately 2:00 p.m. Eastern Time);
Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.
Drawdown means a drawdown of a Facility.
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.
LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;
Unused Revolving Line Facility Fee is defined in Section 2.4(d).
Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.
Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).
Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
Euro-Dollar Reference Banks means the principal London offices of Xxxxxx Guaranty Trust Company of New York, Bank of America, N.A., The Bank of New York, The Bank of Nova Scotia and Citicorp USA, Inc.
Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.
Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.
Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.
Tranche A Advance has the meaning specified in Section 2.01(a).
Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.
Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.
Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.
Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Revolving Credit Maturity Date.
New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;
RFR Banking Day means any day specified as such in the Reference Rate Terms.
Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.
Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).
STIBOR means the Stockholm inter-bank offered rate.