Examples of Accordion Increase Date in a sentence
The Accordion Notice shall include a suggested increase amount (the "Accordion Increase Amount") and Accordion Increase Date and shall be provided to the Agent not less than forty (40) Business Days, or such shorter time period as the Parties may mutually agree, prior to such suggested Accordion Increase Date.
On the Accordion Increase Date, the Maximum Commitment shall be the sum of the Maximum Commitment in effect immediately prior to the Accordion Increase Date, plus the Accordion Amount.
Prior to the first to occur of (i) the commencement of the first Seasonal Accordion Increase Period, if any, or (ii) the Permanent Accordion Increase Date, Borrowers shall pay to Lender the Accordion Increase Loan Fee.
The Agent shall notify each Accordion Lender of the amount of each Loan and the amount of its participation in that Loan required to be advanced in accordance with this Clause 5.4.4 by no later than the Accordion Increase Date.
The Agent shall, subject to Clause 2.6.6 below, as soon as reasonably practicable after receipt by it of a duly completed Increase Confirmation appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Increase Confirmation except to the extent an Event of Default is continuing on, or would arise as a result of, the proposed Accordion Increase Date.