Borrowing Expiration Date definition

Borrowing Expiration Date means July 21, 2013, as such date may be extended in writing by Lenders, in their sole discretion, on which date the Commitment will expire of its own term; provided, however, the Lenders shall review annually commencing effective July 21, 2012, whether they will continue to provide for the availability of Warehousing Advances and other credit accommodations under this Agreement and, to the extent that any one or more of the Lenders determines, in its sole discretion, not to continue to extend the availability of Warehousing Advances and other credit accommodations under this Agreement, written notice of such Lenders unwillingness to continue to provide a Warehousing Advances and other credit accommodations shall be given to the Borrower at least 90 days before the effective date of such termination of availability, which date shall then be the Borrowing Expiration Date for such Lender or Lenders.
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Borrowing Expiration Date means May 26, 2016, on which date the Commitments will automatically and without notice expire; provided, however, notwithstanding the forgoing, the “Borrowing Expiration Date” with respect to an approved Multiple Advance Mortgage Loan will be the Business Day before the last day of the Warehouse Period applicable to such Multiple Advance Mortgage Loan.
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Borrowing Expiration Date set forth in Section 12.1 of the Credit Agreement is hereby amended by deleting the reference to “May 25, 2017” contained therein and replacing it with “May 24, 2018”.
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Examples of Borrowing Expiration Date in a sentence

  • The Commitments of all of the Lenders hereunder to fund new Warehousing Advances shall expire on the Borrowing Expiration Date.

  • If the Borrowing Expiration Date occurs on a day other than the last day of a Calendar Quarter, Borrower shall pay the prorated portion of the Non-Usage Fee due from the beginning of the then current Calendar Quarter to and including that date.

  • On each Borrowing Expiration Date, the Annual Commitment Fee shall be fully earned.


More Definitions of Borrowing Expiration Date

Borrowing Expiration Date means October 4, 2013, on which date the Commitment will expire of its own term.
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Related to Borrowing Expiration Date

  • Revolving Credit Expiration Date means the earlier to occur of (a) August 12, 2000, as the same may be extended from time to time in the sole and absolute discretion of the Bank or (b) the date on which this Agreement is terminated pursuant to Section 3.03 hereof.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day).

  • Commitment Expiration Date means the date on which IHCDA’s commitment under the Program expires.

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Final Expiration Date shall have the meaning set forth in Section 7(a) hereof.