Facility Expiry Date definition

Facility Expiry Date means the earliest of (a) the occurrence of an Event of Default and termination of the Commitments pursuant to Section 9.02, (b) the date that is three years from the Effective Date and (c) any other termination of the Commitments pursuant to the terms of this Agreement.
Sample 1
Facility Expiry Date means January 15, 2007.
Sample 1
Facility Expiry Date means April 15, 2002.
Sample 1

Examples of Facility Expiry Date in a sentence

  • The balance of the Outstanding Amount (if any) is payable on the Facility Expiry Date.

  • If the facility is not renewed, the loans are repayable one year after the Facility Expiry Date, except for the scheduled principal repayments on the term facility.

  • Facility Expiry Date {[Expiry Date]} {[Expiry Term] [Term Units] from the initial Drawdown Date} Interest Rate Our Business FeeSaver Rate{ {plus less} a Margin of [Margin %] per annum}.

  • If you and we are unable to reach an agreement within 30 days after we give that notice, we may give you a Termination Notice specifying a Facility Expiry Date not less than 30 days after the date of the Termination Notice.

  • Unless otherwise agreed between us, each Interest Period must be a period of 30, 60, 90, 120, 150 or 180 days and must not end on a day after the relevant Facility Expiry Date.

  • The Outstanding Amount must be repaid on the Facility Expiry Date and there is no representation by us that the term of this Facility will be extended.

  • Thereafter, the Advance is to be reduced to [Residual Amount] by the Facility Expiry Date by [Interest Payment Frequency] Scheduled Repayments comprising principal and interest.

  • If the credit facility is not renewed, the loans are repayable one year after the Facility Expiry Date.

  • On the terms and subject to the conditions set forth in this Agreement, on and after the Effective Date and to and excluding the Facility Expiry Date, each Tranche 2 Bank severally agrees to make loans and advances to the Company under the Tranche 2 Facility ("Loans") in an amount equal to such Tranche 2 Bank's Pro Rata Share of the Loans requested or deemed requested by the Company.

  • The new particulars relevantly stated: Facility Limit $1,200,000.00Facility Expiry Date 5 years from initial drawdown date.…Repayment The Outstanding Amount is repayable on the Facility Expiry Date.


More Definitions of Facility Expiry Date

Facility Expiry Date is as defined in the Facility Letter.
Sample 1
Facility Expiry Date means any date specified in the Facility Terms as the expiry date for a Facility and if none specified, the Termination Date or any later date agreed between the Bank and the Borrower or otherwise the date a Facility ceases to be available and is repayable;
Sample 1
Facility Expiry Date means May 11, 2013.
Sample 1

Related to Facility Expiry Date

  • Commitment Expiry Date means the date that is three (3) years following the Closing Date.

  • Swingline Expiry Date means that date which is five Business Days prior to the Revolving Loan Maturity Date.

  • Stated Expiry Date is defined in Section 2.6.

  • Commitment Expiration Date means the date on which IHCDA’s commitment under the Program expires.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Expiry Date means:…………………………………………………………………………………………………..

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Non-Expiring Credit Commitment has the meaning set forth in Section 2.04(g).

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Revolving Credit Expiration Date means the earlier to occur of (a) August 12, 2000, as the same may be extended from time to time in the sole and absolute discretion of the Bank or (b) the date on which this Agreement is terminated pursuant to Section 3.03 hereof.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Revolving Lender, the commitment of such Revolving Lender to purchase Participation Interests in the Letters of Credit up to such Lender’s Revolving Commitment Percentage of the LOC Committed Amount.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • LC Commitment means that portion of the Aggregate Revolving Commitment Amount that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $15,000,000.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]