Availability Period definition
Examples of Availability Period in a sentence
Availability Period: the period from and including the date of this agreement to and including 1 January 2028.
The Commitment which, at that time, is unutilized shall be immediately cancelled at the end of the Revolving Availability Period.
Such fee shall be payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the Availability Period Termination Date or any earlier date of termination of the Delayed Draw Term Loan Commitments or reduction of the Delayed Draw Term Loan Commitments to zero.
Subject to the terms and conditions set forth herein, the Lender agrees to make loans (each such loan, a “Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, subject to Section 2.2, in an aggregate amount not to exceed, at any time outstanding, the Aggregate Commitment Amount, provided that no Lender shall make available Loans to any Dutch Loan Party unless it qualifies as Dutch Non-Public Lender.
During the period from the day that is 91 days after the Effective Date to (and including) the Availability Period Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Delayed Draw Term Loan Lenders a ticking fee in Dollars equal to the average daily aggregate amount of the undrawn portion of the Delayed Draw Term Loan Commitments during the preceding calendar quarter times a rate equal to one-twentieth of one percent (0.20%) per annum.