Addition Effective Date definition
Examples of Addition Effective Date in a sentence
Second, the construction costs for the Addition, which shall be approved as reasonable by Tenant, shall be amortized over a 240-month period at a rate equal to the interest rate in effect on the Addition Effective Date on the financing secured by Landlord from an institutional lender on commercially reasonable terms to construct the Addition, and the amount so determined will be added to the monthly rent due under this Lease.
Unless an Event of Termination (or an event which, with the passage of time or notice, or both, would constitute an Event of Termination) shall have occurred and be continuing, the Seller may request that an Additional Fund become a "Fund" under this Agreement on the Addition Effective Date with respect thereto.
The Addition Effective Date shall occur when (a) a counterpart hereof, signed by the Parent, the Distributor, the Advisor, the Program Servicer Agent, the Purchaser and the Program Administrator has been received by the Program Administrator, and (b) the other requirements described in Section 8.17 of the Master Agreement have been fully satisfied.
Pursuant to the terms of Section 8.17 of the Master Agreement, the Distributor hereby requests that [INSERT NAME OF FUND] a series of [INSERT NAME OF COMPANY], an additional Eligible Fund, become a "Fund" under the Master Agreement on the Addition Effective Date.
If such financing is subject to a variable interest rate, the amount to be added to the monthly rent due under this Lease shall be re-amortized on each five-year anniversary of the Addition Effective Date using the interest rate in effect as of such anniversary date.
Unless an Event of Termination (or ---------------- an event which, with the passage of time or notice, or both, would constitute an Event of Termination) shall have occurred and be continuing, the Seller may request that an Additional Eligible Fund become a "Fund" under this Agreement on the Addition Effective Date for such Additional Eligible Fund.
Unless an Event of Termination (or an event which, with the passage of time or notice, or both, would constitute an Event of Termination) shall have occurred and be continuing, the Seller may request that an Additional Fund become a “Fund” under this Agreement on the Addition Effective Date with respect thereto.
In addition on the Addition Effective Date the [SPECIFY PROGRAM DOCUMENT] shall be amended as follows: [SPECIFY NECESSARY AMENDMENTS, IF ANY, TO WHICH THE PROGRAM ADMINISTRATOR HAS CONSENTED].