Revolving Measurement Date definition

Revolving Measurement Date means the earlier to occur of (a) the 15th day of each calendar month (or if such day is not a Business Day, the immediately preceding Business Day) and (b) the Business Day in such calendar month that the Borrower delivers the U.S. Revolving Borrowing Base Certificate, if prior to 1:00 p.m., or the next Business Day thereafter if delivered after 1:00 p.m.
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Revolving Measurement Date means the last Business Day of each calendar month and the 15th day of each calendar month (or if such day is not a Business Day, the immediately preceding Business Day), commencing with the first such date that is at least 15 days after the Initial Closing Date.
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Examples of Revolving Measurement Date in a sentence

  • No later than 10 days prior to the delivery of the U.S. Revolving Borrowing Base Certificate for the next succeeding Revolving Measurement Date, the Borrower may submit an updated U.S. Revolving Borrowing Base Certificate current as of the date of delivery of such certificate.

  • A certificate of the chief financial officer of the Borrower (on behalf of the Borrower) dated the Closing Date and certifying in reasonable detail (i) as to the calculation of the U.S. Revolving Borrowing Base as of the most recent Revolving Measurement Date and (ii) the amount of U.S. Revolving Loans available to be drawn hereunder as of the Closing Date.

  • The U.S. Revolving Borrowing Base shall be computed on each Revolving Measurement Date (for or relating to the immediately preceding calendar month) pursuant to S ection 6.1(f); and in the case of any Borrowing of the U.S. Revolving Loans prior to the first such date after the date hereof, the U.S. Revolving Borrowing Base shall be computed as of the most recent Revolving Measurement Date (for or relating to the immediately preceding calendar month) prior to the date hereof.

  • A certificate of the chief financial officer of the Borrower (on behalf of the Borrower)dated the Closing Date and certifying in reasonable detail (i) as to the calculation of the U.S. Revolving Borrowing Base as of the most recent Revolving Measurement Date and (ii) the amount of U.S. Revolving Loans available to be drawn hereunder as of the Closing Date.

Related to Revolving Measurement Date

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Revolving Maturity Date means the fifth anniversary of the Effective Date.

  • Revolving Credit Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Revolving Credit Facility, including all accrued and unpaid interest, are required to be paid in full, and all Revolving Credit Commitments terminated, in accordance with the terms hereof.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Effective Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Revolving Credit Expiration Date means the earlier to occur of (a) August 12, 2000, as the same may be extended from time to time in the sole and absolute discretion of the Bank or (b) the date on which this Agreement is terminated pursuant to Section 3.03 hereof.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.