First Incremental Agreement Effective Date Transactions Sample Clauses

First Incremental Agreement Effective Date Transactions. (a) With effect from and including the First Incremental Agreement Effective Date, each Tranche B Term Lender shall become party to the Amended Credit Agreement as a “Lender” and an “Initial Term Loan Lender”, shall have an Incremental Term Loan Commitment (i) in the case of the New Term Lender, in an aggregate principal amount equal to $264,337,500 minus the aggregate Rollover Amount and (ii) in the case of each other Tranche B Term Lender, in the amount equal to such Lender’s Rollover Amount (each such Incremental Term Loan Commitment, a “Tranche B Term Loan Commitment”), and shall have all of the rights and obligations of a “Lender” and an “Initial Term Loan Lender” under the Amended Credit Agreement and the other Credit Documents. (b) On the First Incremental Agreement Effective Date, each Existing Term Lender shall cease to be a Lender party to the Credit Agreement (and, for the avoidance of doubt, shall not be a party to the Amended Credit Agreement with respect to Initial Term Loans (except to the extent that it shall subsequently become party thereto (i) pursuant to an Assignment and Acceptance entered into with any Lender in accordance with the terms of the Amended Credit Agreement, (ii) with respect to any Rollover Lender, pursuant to a “cashless roll” in accordance with this Incremental Agreement or (iii) through other means under the terms and provisions of the Amended Credit Agreement)), and all accrued and unpaid fees and other amounts payable under the Credit Agreement for the account of each Existing Term Lender shall be due and payable on such date; provided that the provisions of Sections 2.10, 2.11, 5.4 and 13.5 of the Credit Agreement shall continue to inure to the benefit of each Existing Term Lender after the First Incremental Agreement Effective Date. (c) Each Tranche B Term Loan made on the First Incremental Agreement Effective Date shall have an initial Interest Period ending on March 29, 2018. The Tranche B Term Lenders hereby consent to such Interest Period. (d) On the First Incremental Agreement Effective Date: (i) Each Tranche B Term Lender, severally and not jointly, shall make (or in the case of any Rollover Lender, be deemed to make) an Incremental Term Loan to the Borrower in accordance with this Section 2(d) and Section 2.1 of the Credit Agreement by delivering (or in the case of any Rollover Lender, being deemed to deliver) to the Administrative Agent immediately available funds in an amount equal to its Tranche B Term Lo...
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Related to First Incremental Agreement Effective Date Transactions

  • Effective Date; Term This Agreement shall become effective on the date first written above and shall remain in force for a period of time of two years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Fund, the Adviser or the Sub-Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Series. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder.

  • Effective Date of the Agreement The date indicated in the Agreement on which it becomes effective, but if no such date is indicated, it means the date on which the Agreement is signed and delivered by the last of the two parties to sign and deliver.

  • Amendment Effective Date This Agreement and the provisions contained herein shall become effective as of the Amendment Effective Date.

  • Effective Date Duration and Renewal This Agreement shall become effective as of May 1, 2010. Unless terminated as provided in Section 14 below, this Agreement shall continue in effect as to each Fund until July 31, 2011 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of CAT or of Columbia WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a “majority of the outstanding shares” of that Fund (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in Section 2(a)(42) of the 1940 Act).

  • Effective Date of Agreement The provisions of the agreement will come into full force and effect on the date of ratification, unless specified otherwise.

  • Restatement Effective Date If this is an amendment and restatement, the effective date of the restatement (hereinafter called the "Effective Date") is:

  • EFFECTIVE DATE OF CONTRACT This contract shall not become effective until and unless approved by the City of Nashua.

  • Effective Date of Increase Price increases shall be effective upon final approval by the State, and may not be posted on the pricelist prior to receipt of final approval.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01

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