Advance Maturity Date definition

Advance Maturity Date means the second anniversary of the Closing Date.

Advance Maturity Date means the maturity date of advances made hereunder which for Base Rate Loans will be the earliest to occur of (a) written demand by any Agent, or (b) 60 days from the date of the Borrowing, and for Offshore Rate Loans will be the earliest to occur of (i) written demand by any Agent, or (ii) 60 days from the date of the Borrowing, or (iii) the end of the Interest Period for such Offshore Rate Loan.

Advance Maturity Date means the maturity date of advances made hereunder which will be the earliest to occur of (a) written demand by Agent, or (b) the Expiration Date.

Examples of Advance Maturity Date in a sentence

• Borrower shall cause construction of the Improvements to be prosecuted and completed in good faith, with due diligence, and without delay, subject to any Force Majeure Events; provided, however, that in all events all Improvements shall be constructed and completed prior to the applicable Lot Advance Maturity Date or applicable Home Advance Maturity Date for the subject Lot or Home for which said Improvements are being constructed.

• Subject to Section 2.02(g) hereof, interest shall accrue on the unpaid principal amount of each Advance during the period from the date such Advance is made to and including the Advance Maturity Date for such Advance at a rate per annum equal to the Liquidity Rate.

• Interest shall be payable on Advances (without duplication) (i) monthly in arrears on the first Business Day of each month, commencing on the first such day following the incurrence of such Advance, (ii) on the applicable Advance Maturity Date, (iii) upon prepayment of such Advance, and (iv) on the Expiration Date of the Letter of Credit pursuant to which the Drawing which gave rise to such Advance was made.

• Accrued interest on each Advance shall be payable by the Agency in arrears on the first Business Day of each calendar month and the Advance Maturity Date for such Advance.

• Unless the Agency has paid the Advance in full on the Advance Maturity Date, then, provided that the conditions precedent set forth in Section 3.04(b) hereof shall have been fulfilled, the unpaid principal amount of such Advance shall be converted into, and the Bank shall be deemed to have extended to the Agency, a term loan (each, a “Term Loan”), and such unpaid Advance shall be deemed paid.

More Definitions of Advance Maturity Date

Advance Maturity Date means with respect to (a) Revolving Loans that are Base Rate Loans, the earliest to occur of (i) sixty (60) days from the date of the Borrowing, or the (ii) Expiration Date; (b) Revolving Loans that are Offshore Rate Loans, the earliest to occur of (i) sixty (60) days from the date of the Borrowing, (ii) the end of the Interest Period for such Offshore Rate Loan; or (iii) the Expiration Date; and (c) Swing Line Loans, the earliest to occur of (i) five (5) Business Days from the date of the Borrowing, (ii) demand for repayment of such Borrowing; or (iii) the Expiration Date.

Advance Maturity Date means the maturity date of each Working Capital Loan made under the Working Capital Line which will be the earliest to occur of (a)(i) 365 days from the date of Borrowing or (ii) the date of an L/C Borrowing; or (b) the Expiration Date. All advances made under the Working Capital Line after the Expiration Date because of a drawing under a Letter of Credit shall be due and payable on the day such advance is made and, in order to pay such amounts, Agent shall apply any Cash Collateral held by it as security for such Letters of Credit in payment of same.

Advance Maturity Date means July 13, 1996, as such date may be extended --------------------- by Lender in its sole discretion by notice to be delivered to Borrower not later than sixty (60) days prior to such date.

Advance Maturity Date means the maturity date of any Advance, which date shall be the earliest of (i) 180 days following the date of the Drawing that gave rise to such Advance and (ii) the date the Letter of Credit terminates in accordance with its terms.

Advance Maturity Date means, with respect to any Advance, the date on which Borrower shall repay the entire outstanding amount of the related Advance, which date shall be set forth in the related Advance Request Confirmation.

Advance Maturity Date as defined in Section 2.03(c) hereof.

Advance Maturity Date has the meaning set forth in Section 2.4(a).