RL Maturity Date definition
Examples of RL Maturity Date in a sentence
It is understood and agreed that the Borrower shall have a total of two (2) opportunities to request an extension pursuant to this Section 1.17 and that each of such extension (if validly effected pursuant to this Section 1.17) shall extend the Final RL Maturity Date then in effect by twelve (12) months.
Prior to (but not less than 60 days nor more than 90 days prior to) the applicable Extension Date, the Borrower may make a written request to the Administrative Agent, who shall forward a copy of each such request to each of the Continuing Lenders, that the Final RL Maturity Date then in effect be extended to the date occurring twelve (12) months after such existing Final RL Maturity Date.
Such transfer and assignment must occur on or prior to the applicable RL Maturity Date.
Accrued RL Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the RL Maturity Date or such earlier date upon which the Total Revolving Loan Commitment is terminated.
A Lender’s RL Maturity Date shall not be so extended pursuant to this Section 1.17 for (x) any Lender that is a Non-Continuing Lender at the time such request for extension is made and (y) any Continuing Lender at the time of such request that has not consented in writing, within the time specified above, to any such request for the extension thereof.