Amortization Effective Date definition

Amortization Effective Date means the Revolving Maturity Date.
Amortization Effective Date means the date of either the Borrower Amortization Effective Date or the Lender Amortization Effective Date.

Examples of Amortization Effective Date in a sentence

  • Such conversion of Revolving Loans to Amortized Loans shall be effective as of the Amortization Effective Date.

  • Except as otherwise set forth herein, each Amortized Loan shall bear interest on the unpaid principal amount thereof from the Amortization Effective Date through repayment (whether by acceleration or otherwise) as follows: (i) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or (ii) if a LIBOR Rate Loan, at the Adjusted LIBOR Rate plus the Applicable Margin.

  • On or prior to the Amortization Effective Date, the Borrower transmit a written election (an “Interest Rate Election”) stating whether each Amortized Loan shall be a Base Rate Loan or a LIBOR Rate Loan.

  • In computing interest on any Amortized Loan, the related Amortization Effective Date or the first day of an Interest Period applicable to such Amortized Loan shall be included, and the date of payment of such Amortized Loan or the expiration date of an Interest Period applicable to such Amortized Loan shall be excluded.

  • If consolidation of loans is not possible on the Amortization Effective Date (AED) for the loans, consolidation should occur as soon as possible after the AED is established.

  • Monitoring multiple advances is especially important to ensure that: ◊ Accrued interest does not cause the maximum debt limit to be exceeded; and◊ Any funds not needed for the final draw are deobligated before the final check is drawn, otherwise the Amortization Effective Date (AED) will not be established.

  • On or prior to the Amortization Effective Date, the Borrower transmit a written election (an “ Interest Rate Election”) stating whether each Amortized Loan shall be a Base Rate Loan or a LIBOR Rate Loan.

Related to Amortization Effective Date

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Extension Effective Date has the meaning assigned to such term in Section 2.22(a).

  • Plan Effective Date means the occurrence of the effective date of the Plan according to its terms.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Amortization Event has the meaning specified in Article IX.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Change of Control Effective Date means the first date during the Change of Control Period (as defined in Section 7.2) on which a Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs and if the Executive’s employment with the Company (or applicable affiliated company) is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Effective Date” shall mean the date immediately prior to the date of such termination of employment.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • IPO Effective Date means the date upon which the Securities and Exchange Commission declares the initial public offering of the Company's common stock as effective.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Early Amortization Event means the occurrence of any of the following:

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.