MC Availability Period definition

MC Availability Period means the period from and including the Closing Date to but excluding the earlier of (a) the Maturity Date, (b) the date of termination of the Aggregate MC Commitments pursuant to Section 2.10, and (c) the date of termination of the MC Commitment of each MC Lender to make MC Committed Loans, the obligation of each MC Swing Line Lender to make MC Swing Line Loans and of the option of the Fronting Bank, in its sole discretion, and the obligation of the Lenders, to make L/C Credit Extensions pursuant to Article VII.
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MC Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the MC Commitments.
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Examples of MC Availability Period in a sentence

  • Within the foregoing limits, and subject to the terms and conditions set forth herein, (x) the Borrower’s ability to obtain Letters of Credit shall be fully revolving and accordingly the Borrower may during the MC Availability Period obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and fully reimbursed and (y) the Borrower may borrow, prepay or reborrow MC Committed Loans.

  • The commitment fees described in this Section 2.13(b) shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year, commencing with the first such date to occur after the Closing Date, and with respect to such fees owing to MC Lenders, on the last day of the MC Availability Period for the MC Credit Facility.

  • The work day begins at 6:00 a.m. and concludes at 5:59 a.m. of the following calendar day.

  • Subject to the terms and conditions set forth herein, each MC Lender agrees to make MC Committed Loans to the Borrower from time to time during the MC Availability Period in an aggregate principal amount that will not result in (a) such Lender’s MC Credit Exposure exceeding such Lender’s MC Commitment or (b) the Aggregate MC Credit Exposures exceeding the Aggregate MC Commitments.

  • Within the foregoing limits, and subject to the terms and conditions set forth herein, (x) during the MC Availability Period obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and fully reimbursed and (y) the Borrower may borrow, prepay or reborrow MC Committed Loans.