Term Loan Commencement Date definition

Term Loan Commencement Date has the meaning specified in Section 2.3(b) hereof.

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Term Loan Commencement Date as defined in Section 2 .4 of the Agreement.

Term Loan Commencement Date means, for a Term Loan, the 91st day following the date the related Liquidity Advance was made.

Examples of Term Loan Commencement Date in a sentence

Customer shall deliver each Request for Term Loan Advance on or prior to 1:00 p.m. (eastern time) one (1) Business Day prior to each Term Loan Commencement Date.
Upon the Term Loan Commencement Date, no further advances shall be made on the Consolidated Note, and Borrower shall make monthly installments of principal and interest as more particularly described in the Consolidated Note.
If the Line of Credit Borrowings as of the Term Loan Commencement Date are less than the Maximum Line of Credit Amount, the Amortization Payments shall be reduced by Lender on a pro-rata basis relative to the Maximum Line of Credit Amount.
After the Term Loan Commencement Date, Borrower shall not incur funded debt in excess of $1,500,000.00 without the prior written approval of Lender.
The New Revolver Note shall (i) be dated the date hereof, (ii) be stated to mature on the Term Loan Commencement Date, and (iii) provide for the payment of interest in accordance with subsection 2.9.
Until the Term Loan Commencement Date, the Borrower shall be permitted to continue to make advances of the remaining, unadvanced principal balance of the Consolidated Note in accordance with the terms and conditions set forth in the Loan Agreement, as amended by this Agreement.
The principal installments for such Term Loan shall be due and payable on each Semi-Annual Date in such period and on the last day of such period, the first such installment due one hundred eight (180) days after the Term Loan Commencement Date, in an amount due on each such date derived by dividing the aggregate principal amount of such Term Loan by the total number of such payment dates; provided however, that any remaining portion of the Term Loan shall be due and payable on the Amortization End Date.
The principal of each Term Loan is payable in equal semi-annual installments, on each six month anniversary of the Term Loan Commencement Date; provided that the unpaid principal amount of all outstanding Term Loans shall be payable in full on the related Term Loan Maturity Date.
No Event of Default shall have occurred and be continuing and the making of the Term Loan shall not result in an Event of Default and the representations and warranties of the Authority herein shall be true and correct as if made on the Term Loan Commencement Date.
The Borrower’s failure to satisfy, prior to December 2, 2011, the requirements for the Term Loan Commencement Date, will result in termination of the Lender’s obligation to provide an eighty-four (84) month mini-perm loan.

More Definitions of Term Loan Commencement Date

Term Loan Commencement Date means the same day as the Commitment Termination Date.

Term Loan Commencement Date means the day which is five (5) days prior to the Stated Expiration Date or such earlier date as requested by Authority, or if such date is not a Business Day, the immediately preceding Business Day.

Term Loan Commencement Date means January 16, 2019.

Term Loan Commencement Date means the earlier of the following to occur; (i) the first day on which the full principal amount of the Commitment shall be outstanding, or (ii) November 1, 1997.

Term Loan Commencement Date means, with respect to each Purchased Bond, the first to occur of (a) the 90th day following the related Purchase Date and (b) the final day of the Purchase Period; provided, however, that Term Loan Funding with respect to any Purchased Bond shall not occur if the conditions precedent set forth in Section 3.01(c) are not met on the Term Loan Commencement Date for such Purchased Bond.

Term Loan Commencement Date means, subject to the satisfaction of the conditions precedent set forth in Section 3.2(b) hereof, the earlier to occur of (i) the Termination Date and (ii) the ninety-first (91st) day following the date on which the Bank makes available to the Issuer any Liquidity Advance.