Operating Facility Term Out Date definition
Operating Facility Term Out Date means, in respect of the Obligations owing to the Operating Lender under the Operating Facility, May 31, 2026, or such later date to which the same may be extended in accordance with Section 2.20.
Operating Facility Term Out Date means June 27, 2011 or such later date to which the same may be extended in accordance with Section 2.21.
Examples of Operating Facility Term Out Date in a sentence
Notwithstanding any other provision hereof to the contrary, no Overdraft Loans shall be available on or after the Operating Facility Term Out Date.
Subject to Section 2.20, on the Operating Facility Term Out Date, the unutilized portion of the Operating Lender's Operating Facility Commitment thereunder shall be cancelled and the Borrower shall not be entitled to make further Drawdowns in respect of such cancelled portion.
Subject to Section 2.20, on the Operating Facility Term Out Date, the unutilized portion of the Operating Lender’s Operating Facility Commitment thereunder shall be cancelled and the Borrower shall not be entitled to make further Drawdowns in respect of such cancelled portion.