Revolving Period Expiration Date. The earliest to occur of (a) the last day of the Revolving Period, (b) any Accelerated Repurchase Date, and (c) any date on which the Facility Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law.
Revolving Period Expiration Date. The earliest to occur of (a) the last day of the Revolving Period, (b) any Accelerated Repurchase Date, and (c) any date on which the Facility Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law. “S&P”: Standard and Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. or, if Standard & Poor’s Ratings Services is no longer issuing ratings, another nationally recognized rating agency reasonably acceptable to Buyer. “Sanction” or “Sanctions”: Individually and collectively, any and all economic or financial sanctions, trade embargoes and anti-terrorism laws imposed, administered or enforced from time to time by: (a) the United States of America, including those administered by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the U.S. State Department, the U.S. Department of Commerce, or through any existing or future Executive Order, (b) the United Nations Security Council, (c) the European Union, (d) the United Kingdom, or (e) any other Governmental Authorities with jurisdiction over Seller or Guarantor or any of their Affiliates. “Sanctioned Target”: Any Person, group, sector, territory, or country that is the target of any Sanctions, including without limitation any legal entity that is deemed to be the target of any Sanctions based upon the direct or indirect ownership or control of such entity by any other Sanctioned Target(s). “Second Amendment Effective Date”: May 4, 2021. “Second Amendment Structuring Fee”: The meaning set forth in the Fee Letter, which definition is incorporated herein by reference. “Seller”: Individually and collectively, the Seller named in the preamble of this Agreement and any Additional Sellers, together with their permitted successors and assigns as permitted in accordance with the terms of this Agreement. “Senior Interest”: (a) A senior or, if expressly authorized in writing by Buyer on or before the related Purchase Date, a controlling pari passu participation interest in a Whole Loan (i) that is evidenced by a Senior Interest Note, (ii) that represents an undivided participation interest in part of the underlying Whole Loan and its proceeds, (iii) that represents a pass through of a portion of the payments made on the underlying Whole Loan which lasts for the same length of time as such Whole Loan, and (iv) as to which there is no guaranty of payments to the holder of the Senior Interest Note or other form of credit support for such pa...
Revolving Period Expiration Date. The earlier of (I) the Maturity Date and (II) (x) if the Revolving Period Extension has not been granted by Buyer, the second anniversary of the Closing Date or (y) if the Revolving Period Extension has been granted by Buyer, the third anniversary of the Closing Date.
Examples of Revolving Period Expiration Date in a sentence
No Upsize Option shall be allowed on or after the Revolving Period Expiration Date.
At any time prior to the Revolving Period Expiration Date, if Additional Advance Capacity exists with respect to a Purchased Asset, Seller may submit to Buyer a request for Buyer to transfer additional funds to Seller to increase the Purchase Price for such Purchased Asset (an “Additional Advance”) up to the amount of the Additional Advance Capacity for such Purchased Asset.
More Definitions of Revolving Period Expiration Date
Revolving Period Expiration Date in their respective entireties and replacing them with the following: “Debt Yield”: With respect to any Purchased Asset, as of any date of determination, the percentage equivalent of the quotient obtained by dividing (i) the underwritten annual net operating income or net cash flow as of such date with respect to the Mortgaged Properties securing such Purchased Asset, as determined by Buyer in its discretion, by (ii) the Purchase Price of such Purchased Asset as of such date. “Extension Period”: The First Extension Period or the Second Extension Period, as applicable. “Initial Termination Date”: June 28, 2021. “Maximum Amount”: As of the Amendment Effective Date, $200,000,000 and, if Seller elects to exercise the Upsize Option, upon Buyer’s agreement to grant the Upsize Option in accordance with all terms and conditions of Section 3.06(c), an amount up to $350,000,000. The Maximum Amount shall not be increased by any Future Funding Transaction or reduced upon the repurchase of any Purchased Asset prior to the earlier of the Revolving Period Expiration Date and the Termination Date; provided, that on and after the earlier of the Revolving Period Expiration Date and the Termination Date, the Maximum Amount on any date shall be an amount equal to the sum of (a) the then-current Aggregate Amount Outstanding, and (b) the Applicable Percentage of those remaining future funding obligations that are scheduled in the Confirmation for the related Purchased Assets, as such amounts decline as Future Funding Transactions under Section 3.10 are funded, Purchased Assets are repurchased and Margin Deficits are satisfied, all in accordance with the applicable terms of this Agreement. “Revolving Period”: The period from the Amendment Effective Date to but excluding the Initial Termination Date. “Revolving Period Expiration Date”: The earliest to occur of (a) the last day of the Revolving Period, (b) any Accelerated Repurchase Date, and (c) any date on which the Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law. (c) Section 2.01 of the Repurchase Agreement is hereby amended by deleting the definitions of “Revolving Period Extension Option” and “Third Extension Period” in their respective entireties. (d) Section 3.06 of the Repurchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following: “Section 3.06 Termination Date Extension Options and Maximum Amount Upsize Options. LEG...
Revolving Period Expiration Date. The earliest to occur of (a) the last day of the Revolving Period, (b) any Accelerated Repurchase Date, and (c) any date on which the Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law. (c) Section 2.01 of the Repurchase Agreement is hereby amended by deleting the definitions of “Revolving Period Extension Option” and “Third Extension Period” in their respective entireties. (d) Section 3.06 of the Repurchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following: “Section 3.06 Termination Date Extension Options and Maximum Amount Upsize Options. LEGAL02/39011234v4
Revolving Period Expiration Date. The earlier of (I) the Maturity Date and (II) the third (3rd) anniversary of the Closing Date.
Revolving Period Expiration Date. The earliest to occur of (a) November 21, 2020, as such date may be extended pursuant to Section 3.06(b), (b) any Accelerated Repurchase Date, and (c) any date on which the Maturity Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law.
Revolving Period Expiration Date. The earliest to occur of (a) the last day of the Revolving Period, as the Revolving Period may be extended upon Buyer’s agreement in its sole discretion to grant a Revolving Period Extension Option pursuant to Section 3.06(b), (b) any Accelerated Repurchase Date, and (c) any date on which the Termination Date shall otherwise occur in accordance with the provisions hereof or Requirements of Law. “Revolving Period Extension Option”: The meaning specified in Section 3.06(b). “S&P”: Standard and Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. or, if Standard & Poor’s Ratings Services is no longer issuing ratings, another nationally recognized rating agency reasonably acceptable to Buyer. “Sanction” or “Sanctions”: Individually and collectively, any and all economic or financial sanctions, trade embargoes and anti-terrorism laws imposed, administered or enforced from time to time by: (a) the United States of America, including those administered by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the U.S. State Department, the U.S. Department of Commerce, or through any existing or future Executive Order; (b) the United Nations Security Council; (c) the European Union; (d) the United Kingdom; or (e) any other governmental authorities with jurisdiction over Seller or Guarantor or any of their Affiliates. -30- LEGAL02/38049601v7
Revolving Period Expiration Date means December 16, 2022, or such later date as may be in effect by an extension thereof pursuant to Section 3(p); provided that, in the event that Seller requests an extension of the Revolving Period Expiration Date, such request may be approved or denied by Buyer in Buyer’s sole and absolute discretion.
Revolving Period Expiration Date means the Payment Date falling in May 2023.