Common use of Incremental Effective Date Clause in Contracts

Incremental Effective Date. The Administrative Agent and the Borrower shall determine the effective date for each Incremental Term Loan pursuant to this Section 2.27 (an “Incremental Effective Date”) and, if applicable, the final allocation of such Incremental Term Loan among the Persons providing it, which date shall be a Business Day at least 10 Business Days after delivery of the request pursuant to Section 2.27(a) (unless otherwise approved by the Administrative Agent) and at least 30 days before the Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

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Incremental Effective Date. The Administrative Agent and the Borrower shall determine the effective date for each Incremental Term Loan Commitment pursuant to this Section 2.27 2.25 (an “Incremental Effective Date”) and, if applicable, the final allocation of such Incremental Term Loan Commitment among the Persons providing it, which date shall be a Business Day at least 10 Business Days after delivery of the request pursuant to Section 2.27(a2.25(a) (unless otherwise approved by the Administrative Agent) and at least 30 days before the Facility Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Incremental Effective Date. The Administrative Agent and the Borrower shall determine the effective date for each Incremental Term Loan Commitment pursuant to this Section 2.27 (an “Incremental Effective Date”) and, if applicable, the final allocation of such Incremental Term Loan Commitment among the Persons providing it, which date shall be a Business Day at least 10 Business Days after delivery of the request pursuant to Section 2.27(a) (unless otherwise approved by the Administrative Agent) and at least 30 days before the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Century Communities, Inc.)

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Incremental Effective Date. The Administrative Agent and the Borrower shall determine the effective date for each Incremental Term Loan pursuant to this Section 2.27 2.10 (an “Incremental Effective Date”) and, if applicable, the final allocation of such Incremental Term Loan among the Persons providing it, which date shall be a Business Day at least 10 Business Days after delivery of the request pursuant to Section 2.27(a2.10(a) (unless otherwise approved by the Administrative Agent) and at least 30 days before the Facility Termination Maturity Date.

Appears in 1 contract

Samples: Term Loan Agreement (Allete Inc)

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