Availability Period definition
Examples of Availability Period in a sentence
The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Effective Date, and on the last day of the Availability Period.
Unless previously terminated, any unutilized LC Commitments shall terminate on the last date of the LC Availability Period.
The Incremental DDTL Commitment Fee shall accrue at all times during the Incremental DDTL Availability Period, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with March 31, 2025, and on the last day of the Incremental DDTL Availability Period.
The Commitment Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period.
Each such LC Loan extended or deemed extended shall reduce the Available LC Loan Commitment by the principal amount of such LC Loan; provided that, upon the repayment of any LC Loan resulting from draws on any Letter of Credit prior to the last day of the LC Availability Period, so long as no Event of Default has occurred and is continuing, the Available LC Loan Commitment shall be increased by an amount equal to such repaid amount.