Term-Out Period definition

Term-Out Period means the period commencing on and including the Termination Date and ending on and including the Extended Maturity Date.

Term-Out Period means the period commencing on the Facility Termination Date and ending on the date which is 36 months after the Facility Termination Date.

Term-Out Period means the period commencing on the Revolving Credit Termination Date and ending on the first anniversary thereof.

Examples of Term-Out Period in a sentence

• If pursuant to the provisions of Section 6.19(a) or Section 6.19(b)(v) the Term-Out Period shall commence, then effective as of the applicable Term-Out Date the provisions of this Section 2.23 shall apply.

• The Borrower’s failure to satisfy the Consolidated Tangible Net Worth Test shall not constitute an Event of Default or Default; provided, however, that, if the Borrower fails to satisfy the Consolidated Tangible Net Worth Test for two (2) consecutive quarters, then the Term-Out Period shall commence (if it has not already commenced) on the applicable Term-Out Date.

• The Commitment Fee shall continue to be payable during the Term-Out Period.

• Provided that the Term-Out Period has not commenced, the Borrower may request, but not more than once in each fiscal year of the Borrower and on no more than two occasions in the aggregate after the Effective Date, an extension of the Facility Termination Date by submitting a request for an extension to the Designated Agent (an “Extension Request”).

• Notwithstanding the foregoing, Lessee and Lessor both acknowledge and agree that Lessee shall not be entitled to any reimbursement of any Additional Rent previously paid by Lessee during the Term of the Lease or paid by Lessee during the Term-Out Period, as the case may be.

More Definitions of Term-Out Period

Term-Out Period means, if an extension of the Termination Date is effected pursuant to Article 3(g), the period (i) beginning immediately upon the expiration of the Availability Period and the beginning of such extension period and (ii) ending on the Termination Date, as the same may be extended pursuant to Article 3(g).

Term-Out Period means the period commencing on the Term-Out Date and ending on the Final Repayment Date.

Term-Out Period as defined in subsection 2.8(a)(i).

Term-Out Period shall have the meaning set forth in Section 2.25.

Term-Out Period means, if an extension of the Termination Date is effected pursuant to Article 3(g), the period (i) beginning immediately upon the expiration of the Revolving Period and the beginning of such extension period and (ii) ending on the Termination Date, as the same may be extended pursuant to Article 3(g).

Term-Out Period as defined in Section 2.18(a).

Term-Out Period means, with respect to any Nonrenewing Group and any Nonrenewing Purchaser, the period commencing on the date, if any, on which such Nonrenewing Group establishes its Term-Out Period Account and makes the initial deposit therein pursuant to Section 2.11 of this Agreement and ending on the commencement of the Amortization Period.