Revolving Facility Commitment Termination Date definition

Revolving Facility Commitment Termination Date means February 27, 2022; provided that (a) if the aggregate principal amount of the Borrower’s existing 8.500% Senior Notes due April 2020 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the January 2020 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the January 2020 Springing Maturity Date, (b) if the aggregate principal amount of the Borrower’s existing 8.875% Senior Notes due September 2020 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the June 2020 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the June 2020 Springing Maturity Date and (c) if the aggregate principal amount of the Borrower’s existing 9.250% Senior Notes due 2021 and 6.250% Senior Notes due 2021 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the 2021 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the 2021 Springing Maturity Date.
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Revolving Facility Commitment Termination Date means February 16, 2022.
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Revolving Facility Commitment Termination Date. May 31, 2022.
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Examples of Revolving Facility Commitment Termination Date in a sentence

  • Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Facility Commitment Termination Date.

  • Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date twelve months after the date of the issuance of such Letter of Credit and (ii) the date that is five Business Days prior to the Revolving Facility Commitment Termination Date; provided, that a Letter of Credit may provide for the automatic renewal thereof for additional one-year periods (but shall in no event extend beyond the date referred to in clause (ii) above).

  • Accrued commitment fees shall be payable within one Business Day after each Quarterly Date and on the earlier of the date the Commitments of the respective Class terminate and the Revolving Facility Commitment Termination Date, commencing on the first such date to occur after the Effective Date.

  • The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee, which shall accrue for the period beginning on the Effective Date to but excluding the earlier of the date such Commitment terminates and the Revolving Facility Commitment Termination Date, at a rate equal to 0.50% per annum on the average daily unused amount of the Dollar Revolving Commitment and Multicurrency Revolving Commitment, as applicable.

  • Commitment Amount: Revolving Facility Pursuant to the Revolving Facility, (i) loans Description: ("Revolving Loans") may be borrowed, prepaid and re-borrowed by the Borrower, and (ii) letters of credit ("Letters of Credit") may be issued, reimbursed and reissued on behalf of the Borrower and its subsidiaries, in each case from time to time prior to the Revolving Facility Commitment Termination Date (as set forth below).

  • Letters of Credit must expire on the earlier of (i) one Year from the date of issuance and (ii) the Revolving Facility Commitment Termination Date.

  • Revolving Facility: Pursuant to the Revolving Facility (i) Revolving Loans may be borrowed, prepaid and reborrowed by the Borrower, and (ii) letters of credit ("Letters of Credit") may be issued, reimbursed and re-issued for the account of the Borrower and its subsidiaries, in each case from time to time prior to the Revolving Facility Commitment Termination Date (as set forth below).

  • Letters of Credit must expire on the earlier of (a) (unless otherwise agreed to by the Issuer) one year from the date of issuance and (b) five days prior to the Revolving Facility Commitment Termination Date.

  • The Borrowers agree to pay to Agent, for the account of each Lender, a Commitment Fee, computed based upon a 360 day year, on the average daily unused portion of the Lenders’ Revolving Facility Loan Commitment from the date of this Agreement until the Revolving Facility Commitment Termination Date, payable on the last day of each quarter.

  • This accommodative nature of money supply carries two implications: first, the automatic adjustment mechanism critical to the credibility and sustainability of fixed exchange rate is preserved amid the activist interest rate policy; second, the expansionary stance is achieved through the hastened velocity of circulation triggered by the lower yield on bank reserves.


More Definitions of Revolving Facility Commitment Termination Date

Revolving Facility Commitment Termination Date means June __, 2006. “Revolving Facility Loan(s)” shall have the meaning assigned to such term in Section 2.01(a). “Revolving Facility Note(s)” shall have the meaning assigned to such term in Section 2.05. “Security Agreement” means the Security Agreement in substantially the form of Exhibit C to be delivered by each Borrower, each Guarantor and each Subsidiary under the terms of this Agreement. “Subordinated Debt” means indebtedness which is at all times fully subordinated both in payment and liquidation priority (including but not limited to lien priority and, whether before or after any liquidation of the assets of Borrowers), to the indebtedness to the Lenders and each of them upon terms and conditions and evidenced by agreements all satisfactory to Agent, in its sole discretion, which agreement shall include but not be limited to provisions prohibiting payments to any subordinated debt holder after the occurrence of an Event of Default and further providing that any such subordinated debt holder shall not be entitled to exercise any rights of any kind whatsoever against Borrowers or any Guarantor so long as there are any Obligations outstanding to the Lenders. “Subsidiary” means, as to the Borrowers, a corporation of which shares of stock having ordinary voting power (other than stock having such power only by reason of the happening of a contingency) to elect a majority of the board directors or other managers of such corporation are at the time owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by the Borrowers or any of them. “364-Day Facility Commitment Termination Date” means June __, 2002. ”364-Day Facility Amount” means the total of all 364-Day Facility Term Loans in an aggregate amount not to exceed Twenty Five Million Dollars ($25,000,000.00). ”364-Day Facility Term Loan(s)” shall have the meaning assigned to such term in Section 2.01(b). -11- ”364-Day Facility Term Loan Note(s)” shall have the meaning assigned to such term in Section 2.01(b). “Total Funded Debt” means (1) the Revolving Facility Loans, (2) 364-Day Facility Term Loan(s), (3) indebtedness or liability for borrowed money, (4) obligations evidenced by bonds, debentures, notes or other similar instruments, (5) obligations as lessee under Capital Leases, (6) notes issued to sellers in connection with Permitted Acquisitions and (7) issued and outstanding Letters of Credit and (8) Subordinated Debt. “Unfunde...
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Revolving Facility Commitment Termination Date. The third anniversary of the Closing Date. Borrowing Base Restrictions on Availability: Availability under the Revolving Facility will be subject to a borrowing base in the amount equal to the lesser of (a) $100,000,000 and (b) the sum of: (i) 85% of eligible billed accounts receivables which are 90 days old or less, (ii) 50% of eligible billed accounts receivables which are greater than 90 days old but less than 120 days old and (iii) 65% of unbilled receivables of the Healthcare Services Group which are less than 90 days old. Eligibility criteria to be mutually agreed upon.
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Revolving Facility Commitment Termination Date the third anniversary of the date hereof, or if such date is not a Business Day, the next preceding Business Day.
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Revolving Facility Commitment Termination Date means February 27, 2022 with respect to the 2022 Revolving Facility and February 27, 2024 with respect to the 2024 Revolving Facility; provided that (a) if the aggregate principal amount of the Borrower’s existing 8.500% Senior Notes due April 2020 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the January 2020 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the January 2020 Springing Maturity Date, (b) if the aggregate principal amount of the Borrower’s existing 8.875% Senior Notes due September 2020 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the June 2020 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the June 2020 Springing Maturity Date and, (c) if the aggregate principal amount of the Borrower’s existing 9.250% Senior Notes due 2021 and 6.250% Senior Notes due 2021 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the 2021 Springing Maturity Date, then the Revolving Facility Commitment Termination Date shall occur on the 2021 Springing Maturity Date, (d) if the aggregate outstanding principal amount of the Borrower’s existing 8.750% Senior Notes due 2022 and 10.500% Senior Notes due 2022 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the 2022 Springing Maturity Date, then the Revolving Commitment Termination Date shall occur on the 2022 Springing Maturity Date, (e) if the aggregate outstanding principal amount of the Borrower’s existing 7.125% Senior Notes due January 2023 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the October 2022 Springing Maturity Date, then the Revolving Commitment Termination Date shall occur on the October 2022 Springing Maturity Date and (f) if the aggregate outstanding principal amount of the Borrower’s existing 7.625% Senior Notes due April 2024 (other than any such Senior Notes constituting Defeased Indebtedness) is greater than $500.0 million on the January 2024 Springing Maturity Date, then the Revolving Commitment Termination Date shall occur on the January 2024 Springing Maturity Date .
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Related to Revolving Facility Commitment Termination Date

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • 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.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

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

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).