Availability Termination Date definition
Examples of Availability Termination Date in a sentence
Such fee shall be computed on a daily basis 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 90 days after the Closing Date, and on the Availability Termination Date.
All undrawn Commitments shall terminate at 5:00 p.m. on the Availability Termination Date if not previously terminated pursuant to this Agreement.
During the period commencing 90 days after the Closing Date and ending on the Availability Termination Date, the Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a per annum ticking fee equal to the daily aggregate amount of the Commitments available multiplied by a per annum rate equal to the Applicable Ticking Fee.