Funding Date The applicable Funding Date shall not occur outside of the Loan Commitment Availability Period.
Origination Date The origination date is no earlier than ninety (90) days prior to the related Purchase Date.
PRICING GRID Pricing Level Total Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Margin for Letter of Credit Fees Applicable Percentage for Commitment Fee I Less than or equal to 2.00:1.00 2.00% per annum 1.00% per annum 2.00% per annum 0.375% per annum II Greater than 2.00:1.00 but less than or equal to 3.00:1.00 2.25% per annum 1.25% per annum 2.25% per annum 0.375% per annum III Greater than 3.00:1.00 but less than or equal to 3.50:1.00 2.50% per annum 1.50% per annum 2.50% per annum 0.50% per annum IV Greater than 3.50:1.00 but less than or equal to 4.00:1.00 2.75% per annum 1.75% per annum 2.75% per annum 0.50% per annum V Greater than 4.00:1:00 3.00% per annum 2.00% per annum 3.00% per annum 0.50% per annum
Adjustment Date The first day of the month immediately following the month in which a Compliance Certificate is to be delivered by the Borrower pursuant to §8.4(d).
The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of Covington & Burling LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.
Closing Date Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below, the date and time of the issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be 12:00 noon, Eastern Standard Time on or about October 6, 2017, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.
Settlement Date For any Option, the second Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Option.
Upset Date If the Closing shall not have occurred on or prior to the Upset Date as extended as provided in Section 8.1(a)(3) or Section 8.1(a)(4), unless the failure of the Closing to occur was principally caused by any Buyer's or Charter's failure to act in good faith or a breach of or failure to perform any of its representations, warranties, covenants or other obligations in accordance with the terms of this Agreement.
Initial Closing Date The obligation of the Company hereunder to issue and sell the Initial Preferred Shares to each Buyer at the Initial Closing is subject to the satisfaction, at or before the Initial Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof:
Fee Rate The fee shall be at the annual rate of 0.65% of the average daily net assets of the Fund.