Loan Effective Period definition

Loan Effective Period means the period during which there shall be an outstanding balance owed by the Borrowers to the Lender, or its successors and/or assigns, on account of certain loans in the principal amount of approximately $95,500,000, made by the Lender to the Borrowers under and pursuant to the terms of the Loan Documents.
Sample 1

Examples of Loan Effective Period in a sentence

  • Borrower shall repay the outstanding principal balance of the Swing Loans, together with all accrued and unpaid interest and related fees, on the earlier of the Revolver Maturity Date or termination of the Swing Loan Effective Period.

  • This Article IV is being adopted in order to comply with certain requirements in connection with loans to the Company from the Lender pursuant to the Loan Documents and shall be applicable only during the Loan Effective Period.

  • Interest on Base Rate Loans and Swing Loans shall be payable monthly, in arrears, on the last day of each month beginning November 30, 2000, upon termination of the Swing Loan Effective Period (with respect to Swing Loans), on the Revolver Maturity Date (with respect to Revolving Loans and Swing Loans) and on the Maturity Date.

Related to Loan Effective Period

  • PAL effective period means the period beginning with the PAL effective date and ending 10 years later.

  • Effective Period has the meaning assigned thereto in Section 2(a).

  • Agreement Effective Period means, with respect to a Party, the period from the Agreement Effective Date to the Termination Date applicable to that Party.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Revolving Termination Date means the earlier to occur of:

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;

  • €STR Index Cessation Effective Date means, in respect of an €STR Index Cessation Event, the first date on which €STR is no longer provided by the European Central Bank (or any successor administrator of €STR), as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • ECB Recommended Rate Index Cessation Effective Date means, in respect of an ECB Recommended Rate Index Cessation Event, the first date on which the ECB Recommended Rate is no longer provided, as determined by the Issuer and notified by the Issuer to the Calculation Agent;

  • OBFR Index Cessation Effective Date means, in relation to an OBFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Overnight Bank Funding Rate) ceases to publish the daily Overnight Bank Funding Rate or the date as of which the daily Overnight Bank Funding Rate may no longer be used;

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Plan Effective Date means the occurrence of the effective date of the Plan according to its terms.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Initial Effective Date means the date that the Initial Registration Statement has been declared effective by the SEC.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Extension Effective Date has the meaning assigned to such term in Section 2.22(a).

  • Scheduled Commitment Termination Date means April 16, 2024.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Transition Effective Date has the meaning set forth in Section II.D.3.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of: