Auction Settlement Date definition
Examples of Auction Settlement Date in a sentence
Auction Settlement Date: Five (5) Business Days following the Auction Final Price Determination Date.
Notwithstanding anything to the contrary herein, no Auction Transaction shall be permitted by the Borrower or any Affiliate of the Borrower if, after giving effect thereto and the related cancellation and extinguishment of the Assignment Obligations related thereto, such Auction Transaction shall result in Affiliates of Borrower holding more than 30% of the sum of the Loan Exposures on the Auction Settlement Date for such Auction Transaction.
On or before the fifth (5th) Business Day prior to the Auction Settlement Date, upon written notice to the Agent, (A) the applicable Permitted Auction Assignee may withdraw its offer to purchase Assignment Obligations pursuant to any Auction Notice and (B) any Lender may withdraw its offer to participate in an Auction Transaction pursuant to any Lender Participation Notice.
Deferred Maturity Date: (i) Subject to paragraph (ii) below, if an Extension Notice is effective and no Event Determination Date occurs on or prior to the Extension Date, three (3) Business Days after the Extension Date or, if an Extension Notice is effective and an Event Determination Date occurs on or prior to the Extension Date, the Auction Settlement Date or the Cash Settlement Date (as the case may be).
Notes will be drawn "On Demand and if No Demand Due on the Auction Settlement Date" that will be no more than 45 days after the auction date.