Definition of Term Equipment Maturity Date

  1. Term Equipment Maturity Date means (a) if the Term Equipment Loan has a 36-month amortization schedule, the fourth anniversary of the Closing Date, (b) if the Term Equipment Loan has a 48-month amortization schedule, the fifth anniversary of the Closing Date, and (c) if the Term Equipment Loan has a 60-month amortization schedule, the sixth anniversary of the Closing Date; provided, if any such day is not a Business Day, the Term Equipment Maturity Date shall be the immediately preceding Business Day.

Definition of Term Equipment Maturity Date in Loan Agreement

Term Equipment Maturity Date means (a) if the Term Equipment Loan has a 36-month amortization schedule, the fourth anniversary of the Closing Date, (b) if the Term Equipment Loan has a 48-month amortization schedule, the fifth anniversary of the Closing Date, and (c) if the Term Equipment Loan has a 60-month amortization schedule, the sixth anniversary of the Closing Date; provided, if any such day is not a Business Day, the Term Equipment Maturity Date shall be the immediately preceding Business Day.