Facility Availability Date definition

Facility Availability Date means December 31, 2005.
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Facility Availability Date means December 31, 1997.
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Facility Availability Date means January 2, 2025.
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Examples of Facility Availability Date in a sentence

  • The Administrative Agent is hereby authorized and directed to declare the occurrence of the New Facility Availability Date when it has received documents confirming compliance with the conditions set forth in this Section 5 or the waiver of such conditions as agreed to by the Existing Required Lenders pursuant to Section 10.02(b) of the Existing Credit Agreement.

  • For the purposes of calculating Participation Fees payable by EnergySolutions pursuant to Section 2.5(d), the Administrative Agent shall distinguish in the Register between the initial Synthetic Deposits made on the Synthetic Facility Availability Date and the Synthetic A Deposits made on the Amendment Effective Date.

  • The Letters of Credit issued and outstanding under the Amended Credit Agreement and described on Annex I hereto (the “Existing Letters of Credit”) shall be deemed to be issued under the New Credit Agreement on the New Facility Availability Date and shall no longer constitute Letters of Credit under the Amended Credit Agreement (the “Existing LC Rollover”).

  • For purposes of determining compliance with the conditions specified in this Section 5, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed New Facility Availability Date specifying its objection thereto.

  • The Effective Date shall constitute the Standby Facility Availability Date under the Facility Agreement as so amended and supplemented.

  • For purposes of computing Revolving Commitment Fees, (i) a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose) and (ii) until the earlier of (i) the date that is 45 days after Effective Date and (ii) the Revolving Facility Availability Date, no Revolving Commitment Fees shall accrue on the Revolving Commitments in excess of $800,000,000.

  • Unless sooner terminated as provided herein, the term of this Agreement shall be for Sixty (60) months from the Facility Availability Date (“Term”).

  • Interest shall accrue from the date of each Advance at the rate specified in Section 2.3(a), and shall be payable monthly on the Payment Date of each month through the month in which the Facility Availability Date falls.

  • All Equipment Advances that are outstanding on the Equipment Facility Availability Date will be payable in thirty-six (36) equal monthly installments of principal, plus accrued interest, on the Payment Date for each month through the Equipment Maturity Date.

  • Except as set forth in Section 2.3(b), Borrower shall have a one-time option as to the Equipment Advances outstanding on the Equipment Facility Availability Date, to elect that all outstanding Equipment Advances shall bear interest at a rate equal to three and one-tenth (3.10) percentage points above the thirty-six (36) month, and eighty-four (84) month, Treasury Note Yield to maturity, for the Equipment Facility, as such rate is quoted by Bank.


More Definitions of Facility Availability Date

Facility Availability Date means the first Business Day following fulfilment or waiver, as the case may be, of the Conditions Precedent referred to in Clause 5.1, or such other date as the Lender and the Borrower may agree in writing, provided that in respect of any Renewal Period subsequent to the First Facility Period, the Facility Availability Date means the first Business Day following the later of the commencement date of the Renewal Period and the date on which the lender receives a copy of the executed Concentrate Agreement or any amendment or renewal thereof which permits delivery of the Concentrate by the Borrower to Impala during the Renewal Period and which is in form and substance satisfactory to the Lender and is in full force and effect in accordance with its terms.
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Related to Facility Availability Date

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.

  • Delayed Draw Availability Period means the period from and including the Closing Date to and including the earlier of (a) the date that is the first anniversary of the Closing Date and (b) the date of termination of all of the Delayed Draw Commitments.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.