Term Out Date definition

Term Out Date has the meaning specified in Section 2.22.

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Term Out Date means either the Syndicated Facility Term Out Date or the Operating Facility Term Out Date, as the context requires.

Term Out Date means, in the case of each of Section 6.19(a) or Section 6.19(b)(v), as applicable, the last day of the second consecutive quarter as of which the Borrower has failed to satisfy the Consolidated Tangible Net Worth Test or Leverage Test (as applicable). For purposes of illustration (but without limitation of the foregoing), if the Borrower fails to satisfy the Leverage Test as of March 31, 2014 and as of June 30, 2014, the Term-Out Date shall be June 30, 2014, and the first reduction of the Aggregate Commitment pursuant to Section 2.23 shall occur on September 30, 2014.

Examples of Term Out Date in a sentence

Notwithstanding any other provision hereof to the contrary, no Overdraft Loans shall be available on or after the Operating Facility Term Out Date.
Subject to Section 2.20, on the Operating Facility Term Out Date, the unutilized portion of the Operating Lender's Operating Facility Commitment thereunder shall be cancelled and the Borrower shall not be entitled to make further Drawdowns in respect of such cancelled portion.
If pursuant to the provisions of Section 9.1 or 9.2(e) the Term Out Period shall commence (the date of commencement thereof (as provided in Section 9.1 or 9.2(e), as applicable) is herein referred to as the "Term Out Date"), and the provisions of this Section 2.22 shall apply.
Once the Equipment Advances are termed out, the Finance Charge Percentage for Equipment Advances shall be fixed at such rate effective as of the Term Out Date.
On each Payment Day occurring prior to (but not including) the DLOC Term Out Date, Borrower will make monthly payments of all accrued but unpaid interest on the DLOC.

More Definitions of Term Out Date

Term Out Date means, with respect to each Revolving Credit Loan, ------------- June 30, 1999, subject, however, in each case, to the renewal provisions set forth in Section 2.10 hereof.

Term Out Date means the date on which the Borrower gives a notice exercising the Term Out Option.

Term Out Date means the date determined in accordance with Clause 2.6 (Term-Out Option).

Term Out Date has the meaning specified in Section 2.1 hereof.

Term Out Date has the meaning set forth in Section 2.13(c).

Term Out Date means the date falling 36 Months after the Closing Date.

Term Out Date means the earlier of (x) March 31, 2005 and (y) the Exit Date.”