Loan Termination Date definition

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.

Loan Termination Date means the earliest to occur of the following: (a) November 5, 2012, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.”

Loan Termination Date means the date on which all Obligations, other than contingent liabilities and obligations which are unasserted at such date, have been paid and satisfied in full and all Commitments have been terminated.

Examples of Loan Termination Date in a sentence

• Subject to the terms and conditions hereof, Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Loan Termination Date.

• Notwithstanding anything to the contrary contained herein or in any other Loan Document, if not sooner paid as set forth herein or in any of the other Loan Documents, the entire unpaid outstanding balance of the Revolving Loan, together with interest and any other unpaid charges, shall mature and become due and payable by Borrower on the Revolving Loan Termination Date.

• Lender may initiate an advance in its sole discretion for any reason when an Event of Default exists or after the Revolving Loan Termination Date, without any Borrower’s compliance with any of the conditions of this Agreement, and (a) disburse the proceeds directly to any Person in order to protect Lender’s interest in Collateral or to perform any of any Borrower’s obligations under this Agreement, or (b) apply the proceeds to the amount of any Obligations then due and payable to Lender.

• Subject to Section 2.6, the entire principal balance of the Loan, together with all interest accrued thereon and all other amounts owing which constitute the Obligations, shall be due and payable in full on the earlier of (1) the Loan Termination Date, or (2) demand by the Lender.

• Lender shall not be obligated to make any Advance on or after the Revolving Loan Termination Date, or following the occurrence and during the continuance of an Event of Default, or that would cause the outstanding principal balance of all Revolving Loans to exceed the Revolving Loan Availability then in effect.

More Definitions of Loan Termination Date

Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

Loan Termination Date means, (i) with respect to the Revolving Loan, the earlier of (A) November 21, 2003 or (B) the date to which the maturity of the Revolving Note may be accelerated pursuant to Section 9.2 of the Agreement; and (ii) with respect to any Term Loan, the earlier of (A) the maturity date of the applicable Term Note or (B) the date to which the maturity of the applicable Term Note may be accelerated pursuant to Section 9.2 of the Agreement."

Loan Termination Date means the earlier of (i) the occurrence of an Event of Default which is not waived by the Agent in accordance with the terms of this Agreement, or (ii) May 31, 2003 (or such later date as may be agreed to by the Banks pursuant to Section 2.9 of this Agreement).

Loan Termination Date means July 1, 2002; provided, however, that the Loan Termination Date shall be extended to October 31, 2002, if, by July 1, 2002, the Borrower has executed an engagement letter, in form and content satisfactory to Bank in its sole discretion, with respect to a transaction (whether an initial public offering or private placement of securities, subordinated debt offering or bank credit facility) that will result in proceeds sufficient to refinance the Loan and all other indebtedness of Borrower and its Affiliates owed to Bank.

Loan Termination Date shall have the meaning set forth in SECTION 6.3.

Loan Termination Date means the earlier of (a) June 30, 2004, or in the event that the Banks and Borrower shall hereafter mutually agree in writing that the Loan and the Banks' commitments hereunder shall be extended to another date, and the Notes shall be modified or amended to reflect such extension, such other date mutually agreed upon between the Agent, the Banks and Borrower to which the Banks' commitments shall have been extended, or (b) the date as of which Borrower shall have terminated the Banks' commitment under the provisions of Section 2.5 hereof.

Loan Termination Date. The meaning provided at Section 2.1 hereof.