Supplemental Loan Termination Date definition

Supplemental Loan Termination Date means the earlier of (a) the date of repayment of the Supplemental Loan pursuant to the terms of Section 4 hereof or the Termination Date as set forth in Section 13.1.of the Loan Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Supplemental Loan Termination Date means June 22, 2001.

Supplemental Loan Termination Date means the earlier of: the date that Lender is not holding any Renco Cash Collateral pursuant to and in accordance with the terms of the Renco Cash Collateral Agreement or any such Renco Cash Collateral is subject to any claim or limitation or restriction with respect to the rights of Lender, or the date an Event of Default or any act, condition or event which with notice or passage of time or both should constitute an Event of Default exists or has occurred and is continuing or the effective date of any termination or non-renewal of the Financing Agreements.

Examples of Supplemental Loan Termination Date in a sentence

All Supplemental Loans to Borrower and all of the other Obligations in respect thereof shall be secured, until the Supplemental Loan Termination Date, by all of the Collateral.
Upon the occurrence of the Second Supplemental Loan Termination Date, for any reason, the Borrowers shall pay to the Lender a "Second Supplemental Loan Yield Maintenance Fee" equal to the difference between $550,000 and the combined sum of all interest and fees actually paid to the Lender on account of the Second Supplemental Loan from the Closing Date to the Second Supplemental Loan Termination Date, but in no event shall the Second Supplemental Loan Yield Maintenance Fee be less than zero.
As compensation for the Lender's commitment hereunder, the Lender shall have earned by its execution of this Agreement, an Exit Fee, of $90,000.00, payable upon the Supplemental Loan Termination Date.
This Agreement shall be effective until the later to occur of the Existing Loan Termination Date and the Supplemental Loan Termination Date.
As compensation for the Lender's commitment hereunder, the Lender shall have earned by its execution of this Agreement, an Exit Fee of $80,000.00, payable upon the Second Supplemental Loan Termination Date.
Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Supplemental Loans at any time prior to the Supplemental Loan Termination Date.
All interest accruing on the Third Supplemental Loan shall be due on the Third Supplemental Loan Termination Date and may be paid on such date so long as the conditions to payment of the Third Supplemental Loan as set forth in Section 2.1.3(g) hereof have been satisfied as determined by Lender.
The Borrowers may repay the entire principal balance of the Supplemental Loan prior to the Supplemental Loan Termination Date (subject to Sections 3.4.2 and 12.1.1 hereof).
Upon the occurrence of the Supplemental Loan Termination Date, for any reason, the Borrowers shall pay to the Lender a "Supplemental Loan Yield Maintenance Fee" equal to the difference between $325,000 and the combined sum of all interest and fees actually paid to the Lender on account of the Supplemental Loan from the Closing Date to the Supplemental Loan Termination Date, but in no event shall the Supplemental Loan Yield Maintenance Fee be less than zero.
The Borrowers may repay the entire principal balance of the Second Supplemental Loan prior to the Second Supplemental Loan Termination Date (subject to Sections 3.4.4 and 12.1.2 hereof).

More Definitions of Supplemental Loan Termination Date

Supplemental Loan Termination Date means October 31, 2000.

Supplemental Loan Termination Date means the earliest of (i) the Supplemental Loan Maturity Date, (ii) the date set as the termination date of this Agreement, (iii) the occurrence of an Event of Default described in Sections 10.1(g) or 10.1(h), (iv) the date set by the Lender as the termination date of the Supplemental Loan following the occurrence of an Event of Default other than an Event of Default described in Sections 10.1(g) or 10.1(h), or (v) the date on which Borrowers repay all Obligations arising in respect of the Supplemental Loan.

Supplemental Loan Termination Date means the earlier of (a) September 30, 1999 and (b) the date of termination of the Aggregate Supplemental Loan Commitment pursuant to SECTION 2.6 hereof or pursuant to SECTION 9.1 hereof.

Supplemental Loan Termination Date means the earlier to occur of (i) the date seven (7) weeks after the Supplemental Loan Availability Date or (ii) the date that Borrowers receive the proceeds of the Val Verde Sale.

Supplemental Loan Termination Date means the earlier of: (a) the effective date of any termination or non-renewal of the Financing Agreements; provided, that, in the event that at any time after the payment of any of the Obligations arising pursuant to the Supplemental Loans pursuant to Section 3.3(e) hereof, Agent determines that the conditions for such payment set forth in Section 3.3(e) hereof were not satisfied, at Agent’s option (i) Agent may deem any Borrowing Base Loans then outstanding to be Supplemental Loans in accordance with Section 3.3 hereof and (ii) any Obligations arising pursuant to such Supplemental Loans shall be reinstated and continue as if any such payment had not been received or (b) at any time upon written notice from Agent to Renco Group that Agent has determined to terminate the Renco Junior Participation Agreement.

Supplemental Loan Termination Date means December 31, 1999.