Availability Period definicija

Availability Period means the period from and including the Effective Date to and including the earlier of (a) the Completion Date and (b) the date falling sixty (60) Months after the Effective Date. "Available Commitment" means a Lender's Commitment minus:
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Availability Period means the period commencing on the date specified in the Notice of Commencement of Availability Period and ending on the earliest of (a) the date falling 60 months thereafter; (b) the date on which the Facility is fully disbursed, cancelled or terminated hereunder; and (c) any date mutually agreed upon in writing by the Lender and the Borrower;
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Examples of Availability Period in a sentence

  • Any portion of the Facility undrawn at the end of the Availability Period or the extension thereof shall be automatically canceled.

  • Before the end of the Availability Period, the Borrower shall not, without the consent of the Lender, cancel all or any part of the undrawn Facility.

  • The Facility will be made available to the Borrower during the Availability Period, in several Drawdowns, provided that the number of Drawdowns shall not exceed seventy (70).

  • The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

  • The accrued commitment fee shall be payable (i) on each Payment Date within the Availability Period; (ii) on the Payment Date following the last day of the Drawdown Period; and (iii) in the event the Available Credit is cancelled in full, on the Payment Date following the effective date of such cancellation.

  • The accrued commitment fee shall be payable (i) on each Payment Date within the Availability Period; (ii) on the Payment Date following the last day of the Drawdown Period; and (iii) in the event the Available Facility is cancelled in full, on the Payment Date following the effective date of such cancellation.

  • Before the end of the Availability Period, the Borrower shall not, without the consent of the Lender, cancel all or any part of the undrawn Facility..

  • In any event, the Availability Period shall not exceed the Grace Period unless both Xxxxxx and Borrower reach consensus and sign amendment agreement.

  • The Availability Period may be extended, provided that an application for such extension is submitted by the Borrower to the Lender thirty (30) days prior to the end of the Availability Period and such application is approved by the Lender.

  • After all the conditions stipulated in Appendix 1 have been fulfilled to the satisfaction of the Lender, the Lender shall issue a Notice of Commencement of Availability Period to the Borrower.