Delayed Close Extension Period definition

Delayed Close Extension Period. The period beginning on the Purchase Termination Date and ending on and including the six-month anniversary of the Closing Date (or any earlier day directed by the Collateral Manager).

Examples of Delayed Close Extension Period in a sentence

Upon any such declaration such principal, together with all accrued and unpaid interest thereon, and other amounts payable thereunder in accordance with the Priority of Payments will become immediately due and payable (except that if an Event of Default described in Section 5.1(f) or 5.1(g) above occurs, such an acceleration shall occur automatically and without any further action, and any such acceleration shall automatically terminate the Delayed Close Extension Period and the Reinvestment Period).

If the Delayed Close Collateral Interest has not been acquired on or before the Purchase Termination Date, the Collateral Manager may, by Issuer Order, direct that all or a portion of the amounts in the Unused Proceeds Account (such amounts, the “Unused Proceeds Transfer Amount”) be transferred to the Reinvestment Account to be used for the acquisition of Reinvestment Collateral Interests during the Delayed Close Extension Period.

Related to Delayed Close Extension Period

Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.
Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Agreement has the meaning set forth in the preamble.
Board means the Board of Directors of the Company.
Exchange Act means the Securities Exchange Act of 1934, as amended.
Commission means the Securities and Exchange Commission.
Director means a member of the Board.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Company means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.
Department means the department of natural resources.
Extension Period has the meaning set forth in Section 2.11.
Resolution Extension Period means:
Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.
Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.
Initial Election Period means the 30-day period prior to the Effective Date of the Plan, or the 30-day period following the time an employee shall be designated by the Company as an Eligible Employee.
Extended Termination Date has the meaning specified in Section 2.16(c).
Initial Termination Date has the meaning set forth in Section 10.1(b).
Ending Date shall be the date which is 36 full calendar months following the date on which a Change in Control occurs or if the Change in Control is shareholder approval pursuant to Section 1(c)(iii) or 1(c)(iv), the date which is 36 months following the consummation of the transaction subject to such shareholder approval.
Ramp-Up Period means the period commencing on the Closing Date and ending on the Effective Date.
Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.
Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.
Extension Effective Date has the meaning assigned to such term in Section 2.22(a).
Overlap Period means any taxable year or other taxable period beginning on or before and ending after the Closing Date.
Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;