Variable Facility Termination Date definition

Variable Facility Termination Date means the variable facility termination date shown on the Summary of Credit Facility Structure attached hereto.
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Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 1.07.
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Variable Facility Termination Date means the earlier of (i) the date specified in a Facility Termination Request, delivered by Borrower pursuant to Section 5.02 of this Agreement for a Complete Variable Facility Termination or (ii) December 31, 2023.
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Examples of Variable Facility Termination Date in a sentence

  • Upon compliance with the other conditions set forth above, the Variable Facility Termination Date shall be extended for five (5) years on the terms and conditions set forth in this Agreement and the Other Loan Documents, provided that the maturity and pricing applicable to the Variable Facility during the period after the then effective Variable Facility Termination Date shall be acceptable to Lender in its discretion.

  • No Borrower may refinance any Variable Advance on or after the Variable Facility Termination Date.

  • The maturity date of any Variable Advance shall be specified by Borrower for such Variable Advance, provided that such maturity date shall be no earlier than the date that is the first day of the month following the date five (5) years after the Closing Date of such Variable Advance and not later than the Variable Facility Termination Date, except as permitted in Section 2.06.

  • Upon receipt of the Extension Notice and upon compliance with conditions set forth above, the Variable Facility Termination Date shall be extended for five (5) years on the terms and conditions contained in this Agreement and the other Loan Documents.

  • No Borrower may refinance any Variable DMBS Advance on or after the Variable Facility Termination Date.

  • Except as provided in Section 1.09, Borrower shall have the right, from time to time prior to the Variable Facility Termination Date, to convert all or any portion of the Variable Facility Commitment to the Fixed Facility Commitment, provided that the maturity date for any such Fixed Advance shall be as required generally for Fixed Advances pursuant to Section 1.03(b).

  • During any period in which an Interest Rate Cap expiring prior to the Variable Facility Termination Date is in effect, Borrower is required to make Monthly Deposits (as defined below), to be held in an interest bearing escrow account (the “Interest Rate Cap Reserve Account”) to provide a cash reserve for the purchase of a Subsequent Interest Rate Cap.

  • Except as hereinafter permitted, the initial Interest Rate Cap purchased by Borrower with respect to the Loan (the “Initial Interest Rate Cap”) shall be in effect for a period beginning on the Closing Date of such Variable Advance and terminating not earlier than the first to occur of (i) the last day of the sixtieth (60th) full calendar month thereafter and (ii) the Variable Facility Termination Date.

  • No Variable Advance may have a Maturity Date later than, and any then outstanding Variable Advance shall be due and payable in full on, the related Variable Facility Termination Date.

  • Upon receipt of the notice required in paragraph (i) of this Section and upon compliance with the other conditions set forth above, the Variable Facility Termination Date shall be extended for five (5) years on the terms and conditions set forth in this Agreement and the Other Loan Documents, provided that the maturity and pricing applicable to the Variable Facility during the period after the then effective Variable Facility Termination Date shall be acceptable to Lender in its discretion.


More Definitions of Variable Facility Termination Date

Variable Facility Termination Date means October 1, 2018.
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Variable Facility Termination Date means (A) with respect to the Initial Commitment, November 10, 2004, unless extended pursuant to Section 2.07(a), (B) with respect to the Original Expansion Commitment, August 22, 2007, unless extended pursuant to Section 2.07(b), and (C) with respect to the Amended and Restated Commitment, December 10, 2008, unless extended pursuant to Section 2.07(b).
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Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 1.07. EXHIBIT A TO MASTER CREDIT FACILITY AGREEMENT SCHEDULE OF INITIAL MORTGAGED PROPERTIES Property Name Property Address --------------------- ------------------------------ Pinnacle Sonata 00000 00xx Xxxxx, X.X. Xxxxxxx, Xxxxxxxxxx 00000 Pinnacle at Blue Ravine 0000 Xxxx Xxxxxx Xxxx Xxxxxx, Xxxxxxxxxx 00000 Pinnacle at the Creek 0000 Xxxxx Xxxxxx Aurora, Colorado 80016 Sun Pointe Village 00000 Xxxxxxxxx Xxxxx Xxxxxxx, Xxxxxxxxxx 00000 The Summit 0000 Xxxxx Xxxx Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx 00000 EXHIBIT B TO MASTER CREDIT FACILITY AGREEMENT FIXED FACILITY NOTE US $____________ __________, 20__ FOR VALUE RECEIVED, the undersigned (the "Borrower") promises to pay to the order of PRUDENTIAL MULTIFAMILY MORTGAGE, INC., a Delaware corporation ("Lender") the principal sum of _______________________________ AND NO/100 DOLLARS (US $____________), with interest on the unpaid principal balance at the annual rate of percent ( %). This Note is executed and delivered by Borrower pursuant to that certain Master Credit Facility Agreement, dated as of May 2, 2003 by and between Borrower and Lender (as amended from time to time, the "Master Agreement"), to evidence the obligation of Borrower to repay a Fixed Advance made by Lender to Borrower in accordance with the terms of the Master Agreement. This Note is entitled to the benefit and security of the Loan Documents provided for in the Master Agreement, to which reference is hereby made for a statement of all of the terms and conditions under which the Fixed Advance evidenced hereby is made.
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Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 2.07.
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Variable Facility Termination Date means May 1, 2014.
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Related to Variable Facility Termination Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Lease Termination Date means the last day of the Lease Term.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Accrual Termination Date Not applicable.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Bankruptcy Coverage Termination Date The point in time at which the Bankruptcy Loss Coverage Amount is reduced to zero.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).