Outside Repurchase Date Clause Samples

Outside Repurchase Date. This Agreement shall terminate on the Outside Repurchase Date. (i) Notwithstanding the definition of Outside Repurchase Date herein, upon written request of Seller prior to the then current Outside Repurchase Date, provided that all of the conditions listed in clause (ii) below (collectively, the “Outside Repurchase Date Renewal Conditions”) shall have been satisfied, Seller may extend the Outside Repurchase Date for one (1) additional one-year period (a “Renewal Period”) by giving notice to Buyer of such extension. (ii) For purposes of this Article 3(i), the Outside Repurchase Date Renewal Conditions shall have been satisfied if: (A) Seller shall have given Buyer written notice of Seller’s request to extend the Outside Repurchase Date not less than thirty (30) calendar days prior, and no more than one hundred eighty (180) calendar days prior to the Outside Repurchase Date; (B) Seller shall have paid to Buyer the Renewal Fee in accordance with the terms and provisions of the Fee Letter; (C) no Material Adverse Effect, Margin Deficit, monetary Default, material non-monetary Default, or Event of Default under this Agreement shall have occurred and be continuing as of the date notice is given and as of the date of the originally scheduled Outside Repurchase Date; (D) Seller shall have paid to Buyer the Minimum Aggregate Draw Fee.