Existing Termination Date definition
Examples of Existing Termination Date in a sentence
The Borrower shall be deemed to have withdrawn any request to extend the Existing Termination Date if it delivers or is required to deliver a notice of election to convert the Loans to Term Loans pursuant to Section 2.8(g).
The Existing Termination Date shall be extended only if Banks holding Commitments (not including the newly undertaken commitments of the Additional Extending Banks) that aggregate more than 50% of the aggregate amount of the Commitments (not including the commitments of the Additional Extending Banks) shall have agreed to extend the Existing Termination Date.
If so extended, the Commitment Termination Date, as to the Extending Banks, shall be a requested date up to 364 days from the Existing Termination Date then in effect (except that, if such date is not a Business Day, such Commitment Termination Date as so extended shall be the next preceding Business Day), effective as of such Existing Termination Date (such Existing Termination Date being the “Commitment Extension Effective Date”).