Bridge Funding Date definition

Bridge Funding Date means the date of the Bridge Funding Event.

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Bridge Funding Date has the meaning assigned to such term in Section 4.02.

Bridge Funding Date has the meaning assigned to such term in Section 2.01(b). “Bridge Termination Date” means June 30, 2022 (or, if such day is not a Business Day, the immediately preceding Business Day). “Bridge Commitment” means, with respect to each Bridge Lender, the commitment, if any, of such Bridge Lender to make a Bridge Loan hereunder, expressed as an amount representing the maximum principal amount of the Bridge Loan to be made by such Bridge Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Bridge Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment, (iii) an Incremental Facility Amendment in respect of any Bridge Loans or (iv) a Loan Modification Agreement. The amount of each Bridge Lender’s Bridge Commitment as of the Incremental Amendment No. 1 Effective Date is set forth on Schedule I to Incremental Amendment No. 1 or in the Assignment and Assumption pursuant to which such Bridge Lender shall have assumed its Bridge Commitment, Incremental Facility Amendment, Loan Modification Agreement or Refinancing Amendment, as the case may be. As of the Incremental Amendment No. 1 Effective Date, the total Bridge Commitment was Euro 200,000,000, and as of the Amendment No. 2 Effective Date, the total Bridge Commitment is $220,000,000. “Bridge Lender” means a Lender with a Bridge Commitment or an outstanding Bridge Loan. “Bridge Loans” means the Loans made to the Borrower pursuant to Section 2.01(b)

Examples of Bridge Funding Date in a sentence

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).
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.
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.
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.
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.

More Definitions of Bridge Funding Date

Bridge Funding Date means the date on which the conditions precedent specified in Sections 4.02 and 4.03 have been satisfied (or waived in accordance with Section 10.02) and Bridge Loans are first required to be funded pursuant toSection 2.01(bb).

Bridge Funding Date means the date of the Bridge Funding Event. “Calculation Agent” means the Parent. “Capital Stock” means, for any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of, or interest in (howsoever