Common use of Funding Date Clause in Contracts

Funding Date. In the case of the Initial Funding, and as to any Incremental Funding, the second Business Day immediately following receipt by the Deal Agent and the Liquidity Agents of a Funding Notice, delivered in accordance with Section 2.2, provided that such Funding Notice is received by 5:00 pm, Charlotte time.

Appears in 4 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Funding Date. In the case of the Initial Funding, and as to any Incremental Funding, the second Business Day immediately following receipt by the Deal Agent and the Liquidity Agents of a Funding Notice, delivered in accordance with Section 2.22.3, provided that such Funding Notice is received by 5:00 pm, Charlotte time.

Appears in 2 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Funding Date. In the case of the Initial Funding, and as to any Incremental Funding, the The second Business Day immediately following receipt by the Deal Agent and the Liquidity Agents of a Funding Notice, delivered in accordance with Section 2.22.3, provided that such Funding Notice is received by 5:00 pmp.m., Charlotte time.

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)