Payment Holiday With No Term Extension definition

Payment Holiday With No Term Extension means, in respect of a Financing Contract with more than 18 months to its contractual maturity date, a payment holiday offered by VWFS to a New COVID-19 Eligible Obligor in respect of the next three unbilled rental payments due under the Financing Contract, provided that the contractual maturity date remains unchanged.
Payment Holiday With No Term Extension means, in respect of a Financing Contract with more than 18 months to its contractual maturity date, a payment holiday offered by VWFS to a New COVID-19 Eligible Obligor in respect of the next three unbilled rental payments due under the Financing Contract, provided that the contractual maturity date remains unchanged. Payment holidays do not extend beyond 31 July 2021 and Obligors may no longer receive a VWFS Payment Deferral.

Related to Payment Holiday With No Term Extension

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension.

  • Patent Term Extension means any term extensions, supplementary protection certificates and equivalents thereof offering Patent protection beyond the initial term with respect to any issued Patents.

  • Resolution Extension Period As defined in Section 2.03(b).

  • End of Term Extension means the time period defined in §2.D.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Beyond use date means the date determined by a pharmacist and placed on a

  • The term "Record Date means the "Record Dates" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust. Section 1.01 (1) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following:

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Extension Period has the meaning set forth in Section 2.11.

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Debt service extension base means an amount equal to that

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Extended Use Period means the period beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and ending on the later of the date specified by such agency in such agreement, or the date which is 15 years after the close of the compliance period.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Amendment No. 6 Effective Date has the meaning set forth in Amendment No. 6.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Commencement of Commercial Production means: (i) if a mill is located on the Property, the last day of a period of 40 consecutive days in which, for not less than 30 days, the mill processed ore from the Property at 60% of its rated concentrating capacity; or (ii) if a mill is not located on the Property, the last day of a period of 30 consecutive days during which ore has been shipped from the Property on a reasonably regular basis for the purpose of earning revenues, but any period of time during which ore or concentrate is shipped from the Property for testing purposes, or during which milling operations are undertaken as initial tune-up, shall not be taken into account in determining the date of Commencement of Commercial Production;

  • Extension has the meaning specified in Section 2.18(a).

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.