Term Out Commencement Date definition

Term Out Commencement Date means the earlier of (i) the Commitment Expiration Date, as such date may be extended pursuant to Section 2.10 hereof, and (ii) the date on which the MTC declares the Commitment and the Available Commitment to be terminated in accordance with Section 7.2 hereof.
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Term Out Commencement Date means, if the Borrower has exercised the Term-out Option as provided in Section 2.5(c) hereof, the Revolving Maturity Date.
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Term Out Commencement Date has the meaning specified in Section 2.04.
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Examples of Term Out Commencement Date in a sentence

  • Purchased Bonds shall be due and payable by the Commission on the earlier of (i) the last day of the Purchase Period or (ii) the one hundred eighty-first (181st) day following the date on which such Bond became a Purchased Bond (the “Term Out Commencement Date”), provided that the Bank shall provide term out funding in accordance with the terms of this Section 3.04 so long as the conditions precedent set forth in Section 5.02(b) are satisfied on the related Term Out Commencement Date.

  • The extension fee shall be due and payable on each date on which the then current Maturity Date is extended pursuant to Section 2.14 of the Credit Agreement, and with respect to a Term Out Commencement Date, the extension fee shall be due and payable quarterly in arrears on the last Business Day of each subsequent three month period, commencing with the first such date to occur after the Term Out Commencement Date, and on the Converted Term Loan Maturity Date.

  • Notwithstanding anything to the contrary contained herein, in the event that on any Purchase Date the conditions precedent set forth in Section 5.02(b) are not satisfied, the related Purchased Bonds will be due and payable on the Term Out Commencement Date.

  • Unless the conditions precedent contained in Section 4.03 hereof are satisfied on the Term Out Commencement Date, the Authority agrees to reimburse the Bank for the full amount of such Advance on the Term Out Commencement Date.

  • The obligation of the Bank to provide Term Out Funding on any Term Out Commencement Date shall be subject to satisfaction of each of the following conditions precedent.

  • From and after the Term Out Commencement Date, the Purchased Bond Rate shall be the Base Rate plus 1.0% per annum; provided that, immediately upon the occurrence and continuation of an Event of Termination, the Purchased Bond Rate shall be equal to the Default Rate; provided further that, subject to Section 3.01(c) hereof, at no time shall the Purchased Bond Rate exceed the Maximum Rate or be less than the applicable rate of interest on Bonds which are not Purchased Bonds.


More Definitions of Term Out Commencement Date

Term Out Commencement Date means, with respect to each Advance, the earlier of (i) the ninety-first (91st) day immediately succeeding the date the related Advance was made and (ii) the Letter of Credit Expiration Date.
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Term Out Commencement Date shall have the meaning given that term in §3.2(b).
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Term Out Commencement Date means, with respect to each Advance, the Letter of Credit Expiration Date.
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Term Out Commencement Date means, with respect to each Advance, the one hundred eightieth (180th) day immediately succeeding the date the related Advance was made.
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Term Out Commencement Date shall have the meaning set forth in Section 3.04. “Term Out Period” shall have the meaning set forth in Section 3.04 of this Agreement.
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Related to Term Out Commencement Date

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Rent Commencement Date means [Insert date or description] or any later date calculated in accordance with paragraph 3.3 of Part 5 of the Schedule;

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Interest Commencement Date means the Issue Date or such other date as may be specified in the relevant Final Terms.

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Billing Commencement Date means the earlier of:

  • Recommencement Date As defined in Section 6(d) hereof.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • the commencement date means the date on which the Contract shall take effect, as notified by the Authority to the Contractor in a letter awarding the Contract.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Commencement Date means the date of this Agreement;

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Offering Commencement Date means the first day of each Offering Period.

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Reemployment Commencement Date means the first day following a One-Year Period of Severance on which an Employee is entitled to be credited with an Hour of Service described in Paragraph (a)(1) of the definition of “Hour of Service” in this Article.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Commencement Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.