Operations Closing Date definition

Operations Closing Date shall have the meaning given such term in Section 3.39(i).
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Operations Closing Date means the date on which Seller ceases its business operations at a Closed Property, it being understood that maintenance of ATM operations alone shall not constitute business operations.
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Operations Closing Date is the date that Seller ceases retail banking operations at the Qualifying Property, it being understood that maintenance of automated teller machine ("ATM") operations alone shall not constitute retail banking operations.
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Examples of Operations Closing Date in a sentence

  • Commencing on the Operations Closing Date, the Lease Agreement is in full force and effect and, there are no defaults (either monetarily or non-monetarily) by the Owner or Operator, as applicable, thereunder.

  • Commencing on the Operations Closing Date, the Management Agreement is in full force and effect and, there are no defaults (either monetarily or non-monetarily) by the Operator or Management Company, as applicable, thereunder.

  • On the Closing Date, a copy of the Facility license to permit it to be operated as a skilled nursing facility prior to the Operations Closing Date.

  • From and after the Trust Operations Closing Date, MG Colorado Holdings will have sole discretion over the hiring, promotion, retention, termination and other terms and conditions of the employment of the employees of the Trust Operations who become employees of MG Colorado Holdings or the Trust Entity.

  • Borrowers shall submit a Borrowing Base Certificate: (1) in connection with each Draw updated for estimated ▇▇▇▇▇▇▇▇ and actual collections since the prior submission and (2) monthly, by the fifteenth (15th) day of each month, commencing on the month of the Operations Closing Date, regardless if there is a Draw.

  • Borrowers shall pay to Lender a Monitoring Fee of one-half of a percent (0.5%) per annum of the Original Loan Amount, payable monthly on the 20th day of each month commencing the 20th day of the month next succeeding the Operations Closing Date (the “Monitoring Fee”).

  • From and after the Operations Closing Date, Buyer, or its representatives, at Buyer's expense, may enter upon the Qualifying Property for purposes of showing it to prospective tenants and purchasers at times scheduled in advance with Seller and only when accompanied by a representative of Seller.

  • Borrower shall pay to Lender a Non-Use Fee of one half of a percent (0.5%) per annum on the average monthly Loan amount that has not been advanced, payable monthly on the 20th day of each month commencing the 20th day of the month next succeeding the Operations Closing Date.

  • Seller may elect to cause a Qualifying Property to be an Excluded Property prior to, on or after the Offering Date, but if after the Offering Date, Seller's election shall be made prior to the Operations Closing Date or, if earlier, prior to the expiration of the Due Diligence Period, defined in paragraph 2.3(a).

  • The transfer of ownership of a Fee Property and/or the assignment and assumption of financial liability for a Leasehold Property ("Settlement") shall occur on the date ("Settlement Date") that is 30 days following the expiration of the Due Diligence Period (as hereinafter defined) or, if later to occur and applicable, 30 days following the Operations Closing Date for such Closed Property (subject to extension of Settlement for specified Closed Properties pursuant to any provision hereof).