Purchase Commitment Termination Date definition
Examples of Purchase Commitment Termination Date in a sentence
Accrued commitment fees shall be payable on each Quarterly Date and on the earlier of the date the Purchase Commitments are terminated and the Purchase Commitment Termination Date.
To request a Purchase, prior to the Note Purchase Commitment Termination Date, Issuer shall complete, sign and deliver a Purchase Request at least fifteen (15) Business Days before the requested Purchase Date to Agent.
State Auto Financial shall pay to the Company a commitment fee on the daily average unused amount (based on the aggregate Redemption Value of not more than $100,000,000 of Class A Preferred Stock) of the Company's Purchase Commitment, for the period from and including the date hereof to but not including the earlier of the date such Purchase Commitment is terminated and the Purchase Commitment Termination Date, at a rate per annum equal to 0.20%.
From and after the Closing Date until the Purchase Commitment Termination Date, the Transferor shall pay to the Purchaser a commitment fee equal to the product of (i) the Purchase Commitment and (ii) the Commitment Fee Rate, payable in arrears on each Distribution Date.
From and after the Closing Date until the Purchase Commitment Termination Date, the Transferor shall pay to the Purchaser a commitment fee equal to the product of (a) the average daily amount of the excess of (i) the Purchase Commitment over (ii) the aggregate outstanding principal amount of all Certificates held by or for the benefit of the Purchaser and (b) the Commitment Fee Rate, payable in arrears on each Distribution Date.
State Auto Financial shall pay to the Company a commitment fee on the daily average unused amount (based on the aggregate Redemption Value of not more than $135,000,000 of Class A Preferred Stock) of the Company's Purchase Commitment, for the period from and including the date hereof to but not including the earlier of the date such Purchase Commitment is terminated and the Purchase Commitment Termination Date, at a rate per annum equal to 0.20%.
As of the earlier of the Effective Date of this Amendment or XXX (“Purchase Commitment Termination Date”), the Agreement is amended to remove Buyer’s Purchase Commitment as set forth in Section 2.1 and any and all penalties, reporting requirements and audit provisions of Buyer as set forth in Article IV from the period beginning on the Purchase Commitment Termination Date and ending upon expiration of the Term.
The aggregate outstanding principal amount of Notes may be up to the Maximum Note Purchase Amount; provided that, on or prior to the Note Purchase Commitment Termination Date, Issuer shall have issued and the Purchasers shall have purchased an additional aggregate principal amount of Notes equal to at least Twenty-Four Million Dollars $24,000,000.
Each Purchaser’s Additional Notes Purchase Commitment shall (x) automatically and permanently be reduced by the amount of each Additional Note purchased hereunder, and (y) terminate immediately and without further action by any Person on the Additional Notes Purchase Commitment Termination Date.
Accrued commitment fee shall be payable on each Quarterly Date and on the earlier of the date the Purchase Commitments are terminated and the Purchase Commitment Termination Date.