Term Out Date has the meaning specified in Section 2.22.
Term Out Date means, in the case of each of Section 6.19(a) or Section 6.19(b)(v), as applicable, the last day of the second consecutive quarter as of which the Borrower has failed to satisfy the Consolidated Tangible Net Worth Test or Leverage Test (as applicable). For purposes of illustration (but without limitation of the foregoing), if the Borrower fails to satisfy the Leverage Test as of March 31, 2014 and as of June 30, 2014, the Term-Out Date shall be June 30, 2014, and the first reduction of the Aggregate Commitment pursuant to Section 2.23 shall occur on September 30, 2014.
Term Out Date means either the Syndicated Facility Term Out Date or the Operating Facility Term Out Date, as the context requires.
Examples of Term Out Date in a sentence
If not extended at the Term-Out Date, the Revolving Facility is capped and repayable over the ensuing two yearperiod by quarterly repayments of 1/8th of the amount outstanding at the Term-Out Date with the final payment covering the remaining balance due two years from the Term-Out Date.
More Definitions of Term Out Date
Term Out Date means, with respect to each Revolving Credit Loan, ------------- June 26, 2000, subject, however, in each case, to the renewal provisions set forth in Section 2.10 hereof.
Term Out Date means the date determined in accordance with Clause 2.6 (Term-Out Option).
Term Out Date has the meaning set forth in Section 2.13(c).
Term Out Date means the earlier of (x) March 31, 2005 and (y) the Exit Date.”
Term Out Date has the meaning given to it in Clause 7.6 (Revolving Advances);
Term Out Date means the date which is 3 Business Days after the date on which the Borrower gives a notice exercising the Term Out Option.