Operating Facility Maturity Date definition
Examples of Operating Facility Maturity Date in a sentence
No Interest Period may be selected under the Operating Facility which would end on a day after the Operating Facility Maturity Date, or under the Acquisition Facility which would end on a day after the Acquisition Facility Maturity Date.
All Outstandings under the Operating Facility, together with all unpaid interest, fees and other amounts owing to the Lenders under or in respect of this Agreement shall be paid by the Operating Borrower on the Operating Facility Maturity Date, for the account of the Lenders, and the Commitments of the Lenders in respect of the Operating Facility reduced to nil.
Fees determined in accordance with this Section 4.6(b) shall accrue daily from the first day of each Fiscal Quarter until the last day of each Fiscal Quarter and be payable quarterly in arrears on the fifth Banking Day of each Fiscal Quarter and following receipt of a written notice from the Agent setting out the amount of such fee, until the earlier of (i) cancellation in full of the undrawn portion of the Operating Facility and (ii) the Operating Facility Maturity Date.
Subject to this Agreement, the Operating Lender hereby agrees to establish in favour of the Borrower a revolving credit facility (such facility, the “Operating Facility”) in a maximum aggregate principal amount not to exceed the Operating Commitment (or the Equivalent Amount in US Dollars), to be made available in accordance with this Agreement until the Operating Facility Maturity Date.
The Operating Lender agrees under the Operating Facility, on the terms and subject to the conditions herein set forth, to issue Letters of Credit for the account of the Borrower from time to time on any Business Day prior to the Operating Facility Maturity Date.
Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Canadian Borrower quarterly in arrears and on cancellation in full of the Canadian Operating Facility and on the Canadian Operating Facility Maturity Date.
Fees determined in accordance with this Section shall accrue daily from and after the date hereof and be payable by the Borrower quarterly in arrears and on cancellation in full of the Operating Facility and on the Operating Facility Maturity Date.
Each of the Revolving Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date is hereby extended to June 4, 2019, without derogating from the right of the Borrowers to further extend such date with respect to a given Lender in accordance with Sections 2.19, 2.20 or 2.21, as applicable, of the Credit Agreement.
The Borrower shall repay all Outstandings under or in respect of (i) the Revolving Facility, on the Revolving Facility Maturity Date, (ii) the Term Loan Facility, on the Term Loan Facility Maturity Date and (iii) the Operating Facility, on the Operating Facility Maturity Date, except in each case to the extent any such amounts are otherwise required under this Agreement to be paid or repaid on or prior to an earlier date.
Each of the Canadian Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date is hereby extended from June 4, 2019 to June 4, 2020, without derogating from the right of the Borrowers to further extend such date with respect to a given Lender in accordance with Sections 2.20, 2.21 or 2.22, as applicable, of the Credit Agreement.