Definition of 364-Day Facility Availability Period


364-Day Facility Availability Period means the period from and including the Effective Date to but excluding the earlier of the 364-Day Facility Maturity Date and the 364-Day Facility Commitment Termination Date.

Examples of 364-Day Facility Availability Period in a sentence

Subject to the terms and conditions set forth herein, each Lender agrees to make 364-Day Facility Loans to the Borrower from time to time during the 364-Day Facility Availability Period in an aggregate principal amount that will not result in (i) such Lender’s 364-Day Facility Exposure exceeding such Lender’s 364-Day Facility Commitment or (ii) the total 364-Day Facility Exposures exceeding the total 364-Day Facility Commitments.
Subject to the terms and conditions of this Agreement, including the procedures set forth in Article 3 hereof, each Syndication Party may in its sole discretion make Advances (each Advance made by a Syndication Party pursuant to this Section a “Bid Advance” and the total of such Advances made by the Syndication Parties the “Bid Rate Loans”) to Borrower from time to time during the 364-Day Facility Availability Period, provided that: 3.1.1 Individual 364-Day Commitment.