Operating Facility Termination Date definition

Operating Facility Termination Date means, in respect of any Lender the last day of the Term Period applicable to such Lender in respect of the Operating Facility.
Sample 1
Operating Facility Termination Date means, in respect of the Operating Lender, November 30, 2022, unless such Lender has otherwise agreed to the extension thereof in its sole discretion.
Sample 1

Examples of Operating Facility Termination Date in a sentence

  • Each Advance made by a Lender by way of a Banker’s Acceptance, LIBOR Based Loan or Letter of Credit will, subject to the other terms and conditions of this Agreement, including Section 14.2, have a Maturity Date which expires on or prior to the Syndicated Facility Termination Date and the Operating Facility Termination Date, as applicable, to such Lender under the applicable Credit Facility.

  • The Aggregate Principal Amount owing to the Operating Lender under the Operating Facility shall be repaid by the Borrower in one principal repayment on the Operating Facility Termination Date, together with all accrued and unpaid interest and fees thereon and all other Obligations owing to the Operating Lender under the Operating Facility (subject to the cash collateralization of Letters of Credit as required by Section 10.4).

  • The Borrower will not be entitled to request an Advance from the Operating Lender which has a Maturity Date after the Operating Facility Termination Date.

  • No Letter of Credit will be issued (or will be renewable at the option of the beneficiary thereunder) with an expiry date beyond the Operating Facility Termination Date, subject in each case to customary automatic renewal provisions.

  • No Letter of Credit will be issued (or will be renewable at the option of the beneficiary thereunder) with an expiry date beyond the Operating Facility Termination Date, subject in each case to customary automatic renewal provisions..

Related to Operating Facility Termination Date

  • 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).

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Lease Termination Date means the last day of the Lease Term.

  • 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.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

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

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

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

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Event Termination Date See Section 2(e) hereof.

  • Accretion Termination Date As defined in the Series Supplement.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Termination Date means the date of the termination of the Executive’s employment with the Company.

  • 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.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Scheduled Commitment Termination Date means April 16, 2024.