Last Advance Date definition

Last Advance Date means the earlier of (1) the Completion Deadline (or - if the Completion Deadline is not an Advance Date, which could occur if Tenant exercises its rights hereunder to accelerate the Carrying Costs Accrual Termination Date and to thereafter designate a LIBOR Period Election of more than one month - then the latest Advance Date prior to the Completion Deadline), (2) the first Advance Date that occurs at least ten (10) days after Landlord has received a Completion Notice or a Notice of Last Advance, or (3) the Designated Sale Date. (bi) LIBOR. "LIBOR" means, for purposes of determining the Effective Rate for each Period, the rate determined by Landlord's Parent to be the average rate of interest per annum (rounded upwards, if necessary, to the next 1/16 of 1%) of the rates at which deposits of dollars are offered or available to Landlord's Parent in the London interbank market at approximately 11:00 a.m. (London time) on the second Business Day preceding the first day of such period. Landlord shall instruct Landlord's Parent to consider deposits, for purposes of making the determination described in the preceding sentence, that are offered: (i) for delivery on the first day of such Period, (ii) in an amount equal or comparable to the total (projected on the applicable date of determination by Landlord's Parent) Stipulated Loss Value on the first day of such Period, and (iii) for a period of time equal or comparable to the appropriate Period. If Landlord's Parent so chooses, it may determine LIBOR for any period by reference to the rate reported by the British Banker's Association on Page 3750 of the Telerate Service at approximately 11:00 a.m. (London time) on the second Business Day preceding the first day of such period; provided, however, Tenant may notify Landlord that Tenant objects to any future determination of LIBOR in the manner provided by this sentence, in which case any determination of LIBOR required more than three Business Days after Landlord's receipt of such notice shall be made as if this sentence had been struck from this Lease. If for any reason Landlord's Parent determines that it is impossible or unreasonably difficult to determine LIBOR with respect to a given Period in accordance with the preceding sentences, or if Landlord's Parent shall determine that it is unlawful (or any central bank or governmental authority shall assert that it is unlawful) for Landlord, Landlord's Parent or any other Participant to provide or maintain any Fund...
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Last Advance Date means April 5, 2021.
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Last Advance Date means the earlier of (1) the Completion Deadline (or - if the Completion Deadline is not an Advance Date, which could occur if Tenant exercises its rights hereunder to accelerate the Carrying Costs Accrual Termination Date and to thereafter designate a LIBOR Period Election of more than one month - then the latest Advance Date prior to the Completion Deadline), (2) the first Advance Date that occurs at least ten (10) days after Landlord has received a Completion Notice or a Notice of Last Advance, or (3) the Designated Sale Date. (bj)
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Examples of Last Advance Date in a sentence

  • Borrower must provide invoices for the equipment to Silicon on or before the Last Advance Date.

  • The last "Construction Period" shall end on but not include the Last Advance Date.

  • Borrower must provide invoices for the equipment to Bank on or before the Last Advance Date.

  • In any event, no Advance Date shall occur after the Last Advance Date.

  • Construction Advances" means actual advances of funds made by or on behalf of Landlord pursuant to Paragraph 6.(a)(i) below for costs incurred to construct the Designated Improvements or for property taxes and assessments assessed against the Leased Property paid prior to the Last Advance Date.

  • Equipment Advances will be made only an or prior to May 1, 1998 (the ------ "Last Advance Date") and only for the purpose of purchasing equipment reasonably acceptable to Silicon.

  • Equipment Advances will be made only on or prior to August 17, 1998 (the "Last Advance Date") and only for the purpose of purchasing equipment reasonably acceptable to Silicon.

  • Equipment Advances will be made only on or prior to March 31, 1997 (the "Last Advance Date") and only for the purpose of purchasing equipment reasonably acceptable to Silicon.

  • This assessment of condition is solely the discretion of ARROW CARS SL.

  • Borrower may receive advances until such time as the Tranche A Maximum Amount has been reduced to zero; provided that the last day on which Borrower may receive an advance under Tranche A is December 23, 1997 (the "Tranche A Last Advance Date").


More Definitions of Last Advance Date

Last Advance Date means the Payment Date occurring in January, 2016.
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