Examples of Accordion Increase Effective Date in a sentence
The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Accordion Increase Effective Date.
The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Additional Term Loans and the Accordion Increase Effective Date.
The Senior Agent shall, as soon as reasonably practicable after the establishment of an Accordion Increase notify the Borrower and the Senior Lenders of that establishment and the Accordion Increase Effective Date of that Accordion Increase.
The Borrower shall pay to the Accordion Increase Lender on or about each Accordion Increase Effective Date a fee in the amount and at the times agreed in any Fee Letter between the Borrower and the Accordion Increase Lender.
The Repeating Representations are deemed to be made by the Obligors, the Transferor and the Servicer, as applicable, by reference to the facts and circumstances then existing on the date of each Utilisation Request, each Utilisation Date, the first day of each Interest Period, the date of each Accordion Increase Notice and on each Accordion Increase Effective Date.
The Borrower shall prepay any Committed Loans outstanding on the Accordion Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section.
Upon giving effect to this Agreement, (i) each 2020 Increasing Lender hereby agrees to provide its respective portion of the 2020 Accordion Increase, (ii) the Revolving Commitment of each Lender as of the date hereof is amended to equal the amount set forth opposite such Lender’s name on Schedule I attached hereto and (c) the amount of the aggregate Revolving Commitments in effect on the 2020 Accordion Increase Effective Date shall be Three Hundred Million Dollars ($300,000,000).