Rate Increase Event definition

Rate Increase Event shall have the meaning assigned to such term in Section 7.01 of the Loan Agreement.
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Rate Increase Event has the meaning set forth in Section 7.01 hereof.
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Rate Increase Event contained in Section 1.1 of the Loan Agreement is hereby deleted in its entirety.
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Examples of Rate Increase Event in a sentence

  • No delay or omission of the Bank to exercise any right or power accruing upon any Rate Increase Event shall exhaust or impair any such right or power or shall be construed to be a waiver of any such event, or acquiescence therein; and every power and remedy given by this Agreement may be exercised from time to time and as often as may be deemed expedient.

  • Any sum due to the Bank and not paid when due and any sum due to the Bank upon the occurrence or during the continuance of any Rate Increase Event hereunder shall bear interest at the Rate Increase Event Rate.

  • Upon the occurrence of any Rate Increase Event, the 2020 Senior Loan shall bear interest at the Rate Increase Event Rate, subject to the limitations of Section 2.02(j) hereof.

  • Immediately upon the occurrence of a Rate Increase Event, interest shall immediately begin to accrue on all principal then due and any past due interest amounts on the 2020 Senior Loan at the Rate Increase Event Rate for so long as such Rate Increase Event continues and remains uncured.

  • In the event the Pledged Revenue and Pledged Collateral are insufficient or are anticipated to be insufficient to pay the principal of and interest on the 2020 Senior Loan when due, the Authority shall use commercially reasonable efforts to refinance, refund, or otherwise restructure the 2020 Senior Loan so as to avoid a Rate Increase Event.

  • According to the Division of Medicaid, this project is expected to increase Medicaid expenditures by approximately$226,511 annually in total funds based on a stable occupancy rate.

  • Notice to Bank and Custodian of Rate Increase Event or Incipient Rate Increase Event.

  • Upon the occurrence of any Rate Increase Event, the 2016 Senior Loan shall bear interest at the Rate Increase Event Rate, subject to the limitations of Section 2.02(l).

  • Upon the occurrence of a Rate Increase Event, the Bank may at any time (a) Setoff (as defined below) any Pledged Revenue or Pledged Collateral; and/or (b) take such other steps to protect or preserve the Bank’s interest in the Pledged Revenue and the Pledged Collateral.

  • Notwithstanding any cure period described above, the Authority will immediately notify the Bank and the Custodian in writing when the Authority obtains knowledge of the occurrence of any Rate Increase Event or Incipient Rate Increase Event.

Related to Rate Increase Event

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

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

  • Increase Amount is defined in Section 2.3(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Adjustment Date As to each Adjustable Rate Mortgage Loan, each date on which the related Mortgage Rate is subject to adjustment, as provided in the related Mortgage Note.

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;