Static Date definition

Static Date means, as determined by the Determination Agent, the earliest to occur of the following:
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Examples of Static Date in a sentence

  • Funds shall be transferred, in accordance with Section 16.1, from the Reinvesting Revolver Funding Account to the First Static Revolver Funding Account (on and after the First Static Date) and the Second Static Revolver Funding Account (on and after the Second Static Date).

  • For the avoidance of doubt, the Issuer may transfer Collateral Obligations and other Assets to the First Static Subsidiary and the Second Static Subsidiary on the First Static Date and the Second Static Date, respectively, pursuant to the requirements of Article XVI and notwithstanding any restrictions in this Article XII applicable to sale and purchase transactions.

  • To the extent that any Deferred Interest exists with respect to a Class of Deferred Interest Secured Notes after the First Static Date and/or the Second Static Date, such Deferred Interest shall be allocable to the Note Amount corresponding to the applicable Portfolio and Priority of Payments that such Deferred Interest results from.

  • If no such direction has been effected as required by this Section 16.1(a) on the First Static Date, then any purported optional equity static election with respect to the First Static Portfolio shall be deemed null and void.

  • The Issuer Subsidiaries shall not acquire Assets from any Person other than the Issuer, and shall only be permitted to effect such acquisitions in connection with the First Static Date or the Second Static Date, as applicable.

  • If no such direction has been effected as required by this Section 16.1(b) on the Second Static Date, then any purported optional equity static election with respect to the Second Static Portfolio shall be deemed null and void.

Related to Static Date

  • 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;

  • 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;

  • Drop Dead Date has the meaning set forth in Section 9.01(b)(i).

  • Evaluation Date shall have the meaning ascribed to such term in Section 3.1(s).

  • €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;