First Maturity Date definition

First Maturity Date means June 30, 2006, or such earlier date on which all outstanding Advances under the Revolving Loans and the Term Loan A, respectively, are due and payable (including, without limitation, whether by acceleration, installment payment, scheduled reduction of either of the Commitments to zero or mandatory or voluntary commitment reduction of either of the Commitments to zero or mandatory or voluntary prepayment).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

First Maturity Date means , 2020, which date is 18 months from the Closing Date.

First Maturity Date means the day after the second anniversary of the Transaction Effective Date, being the date upon which the first New Senior Debt Instruments mature;

Examples of First Maturity Date in a sentence

Notwithstanding the foregoing, if the Loan shall be a DPO Mezzanine Loan (under and as defined in the Note Sales Agreement) on the First Maturity Date, then to the extent that the Mortgage Loan and the Other Mezzanine Loans that are not DPO Mezzanine Loans are being extended, the Maturity Date of the Loan shall be automatically extended until the Second Extended Maturity Date on such First Maturity Date without the taking of any action by any Person.
Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth, to make Advances to the Borrower on a Business Day during the period from the Closing Date to the First Maturity Date, in an aggregate principal amount not to exceed at any time outstanding such Lender's Revolver Specified Percentage of the Commitment.
No Letter of Credit shall have a maturity extending beyond the earliest of (i) the First Maturity Date, or (ii) one year from the date of its issuance, or (iii) such earlier date as may be required to enable the Borrower to satisfy its repayment obligations under Section 2.06 hereof (including, without limitation, such repayment obligations resulting from a decrease in the Revolver B Commitment required by Section 2.11 hereof).
Accrued and unpaid interest on Base Advances shall be paid quarterly in arrears on each Quarterly Date and on the First Maturity Date with respect to Advances under the Revolver Loan and the Term Loan A and the Final Maturity Date with respect to Advances made under the Term Loan B.
The entire Principal Balance, together with all interest accrued and unpaid thereon and all other sums due under the Note shall be due and payable on the First Maturity Date, unless extended pursuant to Section 2.07(b) next following.

More Definitions of First Maturity Date

First Maturity Date means the fourth anniversary of the Closing Date.

First Maturity Date means the eighteen (18) month anniversary of the Closing Date (or, if such date is not a Business Day, on the Business Day immediately following such date).

First Maturity Date means May 25, 2008.

First Maturity Date has the meaning ascribed to such term in Section 2.4(b).

First Maturity Date of any Lender, as at any date of determination, shall mean the earliest Maturity Date of such Lender at such time.

First Maturity Date means the 18th month anniversary of the Closing Date, and

First Maturity Date. Final Maturity Date", "Majority Lenders", or "Letter of Credit Commitment", (g) or amend any provision of Section 2.18 hereof which would affect any of the items listed in Section 11.01(a) through (f) above, or (h) amend this Section 11.01. No amendment, waiver, or consent shall affect the Rights or duties of Administrative Agent under any Loan Papers, unless it is in writing and signed by Administrative Agent in addition to the requisite number of Lenders.

Filter & Search

Related Definitions