Variable Facility Termination Date definition

Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 1.07.
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Variable Facility Termination Date means the variable facility termination date shown on the Summary of Credit Facility Structure attached hereto.
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Variable Facility Termination Date means the earlier of (i) the date specified in a Facility Termination Request, delivered by Borrower pursuant to Section 5.02 of this Agreement for a Complete Variable Facility Termination or (ii) December 31, 2023.
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Examples of Variable Facility Termination Date in a sentence

  • No Borrower may refinance any Variable Advance on or after the Variable Facility Termination Date.

  • Upon compliance with the other conditions set forth above, the Variable Facility Termination Date shall be extended for five (5) years on the terms and conditions set forth in this Agreement and the Other Loan Documents, provided that the maturity and pricing applicable to the Variable Facility during the period after the then effective Variable Facility Termination Date shall be acceptable to Lender in its discretion.

  • Upon receipt of the Extension Notice and upon compliance with conditions set forth above, the Variable Facility Termination Date shall be extended for five (5) years on the terms and conditions contained in this Agreement and the other Loan Documents.

  • The maturity date of any Variable Advance shall be specified by Borrower for such Variable Advance, provided that such maturity date shall be no earlier than the date that is the first day of the month following the date five (5) years after the Closing Date of such Variable Advance and not later than the Variable Facility Termination Date, except as permitted in Section 2.06.

  • No Borrower may refinance any Variable DMBS Advance on or after the Variable Facility Termination Date.

  • Upon receipt of the Extension Notice with respect to the Original Variable Termination Date extension referred to in Section 1.07(a)(i), and upon compliance with the conditions set forth above, the Original Variable Facility Termination Date shall be extended until the date five (5) years after the Initial Closing Date on the terms and conditions contained in this Agreement and the other Loan Documents.

  • A subsequent Interest Rate Cap (the “Subsequent Interest Rate Cap”) shall be required if (i) the Initial Interest Rate Cap expires or terminates prior to the Variable Facility Termination Date and at such expiration Variable Advances are Outstanding, or (ii) if and at such times as a new Variable Advance is funded.

  • Each Subsequent Interest Rate Cap must be in effect for a period beginning on the day of the expiration of the prior Interest Rate Cap, or on the Closing Date of the new Variable Advance (as applicable), and ending not earlier than the first to occur of (i) the last day of the sixtieth (60th) full calendar month thereafter, and (ii) the Variable Facility Termination Date.

  • The maturity date of each Variable Advance shall be the earlier of (i) the Variable Facility Termination Date, (ii) the maturity date of the applicable outstanding DMBS (with respect to a Variable DMBS Advance), or (iii) such other maturity date referenced in any Variable Facility Note.

  • The maturity date of each Variable Advance shall be the earlier of the Variable Facility Termination Date, the maturity date of the applicable outstanding DMBS, or (iii) such other maturity date referenced in any Variable Facility Note.


More Definitions of Variable Facility Termination Date

Variable Facility Termination Date means October 1, 2018.
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Variable Facility Termination Date means (A) with respect to the Initial Commitment, November 10, 2004, unless extended pursuant to Section 2.07(a), (B) with respect to the Original Expansion Commitment, August 22, 2007 unless extended pursuant to Section 2.07(b), and (C) with respect to the Amended and Restated Commitment, December 10, 2008, unless extended pursuant to Section 2.07(b).
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Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 1.07. EXHIBIT A TO MASTER CREDIT FACILITY AGREEMENT SCHEDULE OF INITIAL MORTGAGED PROPERTIES Property Name Property Address --------------------- ------------------------------ Pinnacle Sonata ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Pinnacle at Blue Ravine ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Pinnacle at the Creek ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Aurora, Colorado 80016 Sun Pointe Village ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ The Summit ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ EXHIBIT B TO MASTER CREDIT FACILITY AGREEMENT FIXED FACILITY NOTE US $____________ __________, 20__ FOR VALUE RECEIVED, the undersigned (the "Borrower") promises to pay to the order of PRUDENTIAL MULTIFAMILY MORTGAGE, INC., a Delaware corporation ("Lender") the principal sum of _______________________________ AND NO/100 DOLLARS (US $____________), with interest on the unpaid principal balance at the annual rate of percent ( %). This Note is executed and delivered by Borrower pursuant to that certain Master Credit Facility Agreement, dated as of May 2, 2003 by and between Borrower and Lender (as amended from time to time, the "Master Agreement"), to evidence the obligation of Borrower to repay a Fixed Advance made by Lender to Borrower in accordance with the terms of the Master Agreement. This Note is entitled to the benefit and security of the Loan Documents provided for in the Master Agreement, to which reference is hereby made for a statement of all of the terms and conditions under which the Fixed Advance evidenced hereby is made.
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Variable Facility Termination Date means the date five years after the Initial Closing Date unless extended pursuant to Section 2.07.
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Variable Facility Termination Date means May 1, 2014.
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Related to Variable Facility Termination Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Availability Termination Date means, as to any Borrower, the earlier of (a) the Maturity Date for such Borrower and (b) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8 or Section 8.1 hereof.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Liquidity Termination Date means September 28, 2006.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.