Definition of Term Credit Termination Date


Term Credit Termination Date means December 31, 2010.
Sample 1

Examples of Term Credit Termination Date in a sentence

Such commitment fee shall be payable quarter-annually in arrears on the last day of each March, June, September and December in each year (commencing March 31, 1998) and on the Term Credit Termination Date, unless the Term Credit Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be paid on the date of such termination.
Borrower shall pay to the Lender, a facility fee (the "Facility Fee") for the period commencing on the Closing Date to and including the Term Credit Termination Date based on the Applicable Facility Fee Percentage and the daily amount of the undrawn portion of the Term Credit Commitment, such fee being payable quarterly in arrears on the last calendar day of each fiscal quarter of Borrower and on the Term Credit Termination Date.
Such commitment fee shall be payable quarterly in arrears on the last day of each June, September, December, and March in each year (commencing June 30, 1996) and on the Term Credit Termination Date.
In addition, the Borrowers shall pay to the Agent, from and after the Closing Date until Term Credit Termination Date, an Unused Line Fee accruing at the rate of one half of one percent (.50%) per annum on the excess, if any, of the Term Loan Commitment over the aggregate principal amount of Term Loans (computed on an average daily basis) outstanding from time to time.
Subsequent to the Closing Date and through and not including the Term Credit Termination Date, subject to the terms and conditions herein contained and in the Interim Financing Order and the Final Financing Order, each Lender severally agrees to make up to two additional Term Loans to the Borrowers in an aggregate principal amount equal to its Pro Rata Share (based upon such Lender's Term Loan Commitment) of $2,000,000 (each, a "SUBSEQUENT TERM LOAN").