Examples of Bridge Funding Date in a sentence
Notwithstanding the foregoing, in the event any Event of Default (other than an Event of Default described in clause (h) or (i) above that is not an Immaterial Insolvency Event) occurs and is continuing during the period after the Bridge Funding Date and through the Transaction Closing Date, then the rights of the Administrative Agent to take the actions described pursuant to clauses (i) and (ii) above shall be suspended until after the Transaction Closing Date has occurred.
Notwithstanding any other provision of this Agreement, the only condition precedent to the making of the Loans on the Bridge Funding Date are those set forth in this Section 4.02.
Unless previously terminated, the Commitments shall terminate on the Bridge Funding Date or the date on which the Commitments are reduced to zero pursuant to Section 2.01(b); provided that, if both the Bridge Funding Date and the Transaction Closing Date have not occurred prior to the Early Commitment Termination Date, then the Commitments shall terminate on the Early Commitment Termination Date.
On the Bridge Funding Date, the Administrative Agent will deposit the proceeds of the Loans into the Collateral Account (if the Transaction Closing Date does not occur on the same date) and will release such funds (or make such funds available) on the Transaction Closing Date to the Borrower for the purposes of funding the Separation Transactions on such date as contemplated in Section 5.08(a).
The Administrative Agent also shall have received a copy of a written opinion dated the Bridge Funding Date (addressed to Cadbury) of Shearman & Sterling LLP, counsel to Cadbury, covering such matters as have been previously agreed between Shearman & Sterling LLP and each of the Bookrunners, in form and substance satisfactory to the Administrative Agent.
Maturity Date: The Bridge Loans shall mature on the 364-day anniversary of the Bridge Funding Date (the “Maturity Date”).
The amendments and restatements set forth herein shall not cure any breach thereof or any “Default” or “Event of Default” under and as defined in the Existing Bridge Credit Agreement existing on or prior to the Bridge Funding Date.
Though deadlines are suspended, interested parties can submit a petition electronically to comply with the original deadlines, at their discretion.
Notwithstanding anything to the contrary herein, the absence of any default (other than a Material Default) shall not be a condition precedent to the obligation of the Bridge Loan Lenders to make Bridge Loans hereunder on any Bridge Funding Date.