Increase Effective Date Clause Samples
Increase Effective Date. The effective date for an employee’s salary increase because of a new academic degree shall be the receipt date of the new certificate by the Human Resources Department.
Increase Effective Date. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) which date shall be no more than 10 days following the date of the requested increase; provided, that, all of the conditions set forth in clause (b) have been satisfied.
Increase Effective Date. 1.1.41.1. Administrative Agent and Borrower shall determine the effective date for an Incremental Term Loan Facility or Revolving Commitment Increase pursuant to this Section 2.9 (an “Increase Effective Date”) and, if applicable, the final allocation of such Incremental Commitments among the Persons providing such Incremental Term Loan Facility or Revolving Commitment Increase; provided that such date shall be a Business Day at least ten (10) Business Days after delivery of the request for such Incremental Term Loan Facility or Revolving Commitment Increase (unless otherwise approved by the Administrative Agent) and at least thirty (30) days prior to the Maturity Date.
1.1.41.2. In order to effect such Incremental Term Loan Facility or Revolving Commitment Increase, Borrower, the applicable Incremental Lender(s) and Administrative Agent (but no other Lenders or Persons) shall enter into one or more joinder agreements or incremental amendments, each in form and substance satisfactory to Borrower and Administrative Agent, pursuant to which the applicable Incremental Lender(s) will provide the applicable Incremental Commitment(s).
1.1.41.3. Effective as of the applicable Increase Effective Date, subject to the terms and conditions set forth in this Section 2.9, (A) each Incremental Term Loan Commitment shall be a Term Loan Commitment hereunder and each Revolving Commitment Increase shall be a Revolving Credit Commitment hereunder and, in each case, Schedule 2.01 shall be updated accordingly to reflect such Incremental Commitment, each Incremental Lender providing such Incremental Commitment shall be, and have all the rights of, a Lender and a Term Loan Lender or Revolving Credit Lender, as applicable, and the Credit Extensions made by it on such Increase Effective Date pursuant to this Section 2.9 shall be Term Loans, Revolving Credit Loans or Letters of Credit, as applicable, for all purposes of this Agreement and (B) The amount of the installments due on the Term Loans as set forth in Section 2.7(b) shall be increased by Administrative Agent (but without the consent of any Lender) on a pro rata basis to reflect such increase.
Increase Effective Date. The Increase Effective Date is ____________, 20___.
Increase Effective Date. The Borrower shall borrow and prepay Loans on each Increase Effective Date (and pay any additional amounts required pursuant to Section 3.06) to the extent necessary to keep the outstanding Loans of each Lender ratable with such Lender’s revised Applicable Percentage after giving effect to any nonratable increase in the Aggregate Commitments under this Section.
Increase Effective Date. This Agreement shall be effective upon the date (the “Increase Effective Date”) specified by the Administrative Agent below its signature below and agreed to by the Borrower7.
Increase Effective Date. The Additional Fifth Incremental Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of the Additional Fifth Incremental Term Loans to be made by it on the Amendment No. 9
Increase Effective Date. See §2.14(d).
Increase Effective Date. The Increase Effective Date is October 30, 2020.
Increase Effective Date. If the Commitment is increased in accordance with this Section, the Purchaser and the Sellers shall determine the effective date of such increase (the “Increase Effective Date”).